How does KYC work for crypto trading on Chinese exchanges?

3 answers

• Dec 29, 2021 · 3 years ago
  KYC (Know Your Customer) is a process implemented by Chinese exchanges to verify the identity of their users. When signing up for an account, users are required to provide personal information such as their full name, date of birth, address, and a valid identification document. This information is used to verify the user's identity and comply with regulatory requirements. The verification process usually takes a few days to complete, but it can vary depending on the exchange's workload and the accuracy of the information provided. Once the KYC process is successfully completed, users can start trading cryptocurrencies on the exchange.
  642321
• Dec 29, 2021 · 3 years ago
  KYC for crypto trading on Chinese exchanges is a necessary step to ensure the security and legality of the transactions. Users need to provide their personal information and identification documents to prove their identity. This includes submitting a copy of their ID card or passport, as well as proof of address. The exchange will then review the submitted documents and verify the user's identity. This process usually takes a few business days to complete. It's important to note that KYC is a standard practice in the cryptocurrency industry and is required by most reputable exchanges around the world.
  608203
• Dec 29, 2021 · 3 years ago
  KYC (Know Your Customer) is an essential part of the onboarding process for crypto trading on Chinese exchanges. It helps to prevent fraud, money laundering, and other illegal activities. To complete the KYC process, users need to provide personal information such as their full name, date of birth, and address. They also need to upload a scanned copy of their identification document, such as a passport or ID card. The exchange will then verify the information provided and may request additional documents or information if necessary. The verification process usually takes a few days to complete, but it can vary depending on the exchange's workload and the accuracy of the information provided. Once the KYC process is successfully completed, users can enjoy a secure and compliant trading experience on the Chinese exchange.
  831208