The post Detailed Guide On Transferring KYC For Crypto Users on Exchanges and Cashback Policy appeared on BitcoinEthereumNews.com.

Know Your Customer (KYC) is an extremely important process so that exchanges can authenticate transactions related to customers’ financial activities. So is converting KYC for crypto users on exchanges possible? Let’s take a look at this article. What Is KYC for Crypto Users? Know Your Customer (KYC) is the bundle of key processes for customer risk profiling and due diligence for the prevention of money laundering and related laws. The procedures verify the identity of the customer, understand their financial activities, and assess the risks involved. KYC, in general, is an obligated legal requirement in the realm of financial services. Further, cryptocurrency exchanges are also compelled to have a KYC process. These measures are part of the onboarding phase for customer identity verification and due diligence for an in-depth understanding of their financial performance and associated risks. The essence of KYC procedures is to maximize the protection and privacy of customer assets during onboarding. If done right, these steps will be fast and secure, encouraging a more secure and transparent environment for financial transactions in general. How to Transfer KYC for Crypto on Exchanges If you already have a KYC for crypto account on the exchanges, we will guide you on how to change it. Here are some of the exchanges we offer: 1. OKX Step 1: Open the OKX and click on the red box as shown Step 2: Click on Profile and settings Step 3: Select Security then scroll to the bottom and click Close account Step 4: Select the reason you want to close your account and done After deleting your account, you can re-register using your old information. Remember to enter the OKX code (www.okx.com/join/coincu) (Ref code: COINCU) to receive 20% rebate on trading fees and 12% cashback on total trading fees. 2. Biget Step 1:…

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Filed under: News - @ June 28, 2024 1:22 pm