What is KYC Verification and Why Is It Required?

KYC stands for "Know Your Customer." It is a mandatory identity verification process required by financial regulations to prevent fraud and ensure the security of all transactions.

Before you can cash out your wallet balance for the first time, you will be asked to complete our KYC process. This typically involves submitting a photo of a government-issued ID (like a driver's license or passport) to our secure verification partner.

This is a one-time process. Once you are verified, you will be able to cash out freely.

Updated on: 23/04/2026