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KYC Glossary

What is KYC?

Know Your Customer

📖 Definition

KYC (Know Your Customer) is a verification process used by financial institutions, crypto exchanges, and online platforms to verify the identity of their users. It typically requires submitting government-issued ID documents, proof of address, and sometimes a selfie or video verification. KYC helps prevent fraud, money laundering, and identity theft while ensuring compliance with regulations.

🏢 Where You Will See This

Binance, Coinbase, PayPal, banks, crypto exchanges, freelance platforms like Upwork

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