Cryptocurrency Q&A
What is the cost of KYC?
What is the cost of KYC?
Valeria
Sat Dec 14 2024
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7 answers
1476
I am wondering how much it costs to perform Know Your Customer (KYC) checks. Is there a standard fee or does it vary depending on the service provider or the complexity of the check?
7 answers
LucyStone
Mon Dec 16 2024
One of the significant benefits is the drastic reduction in costs associated with electronic Know Your Customer (e-KYC) procedures.
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SamuraiHonor
Mon Dec 16 2024
Prior to the implementation of DPI, conducting e-KYC could cost as much as Rs 1,001.
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Sara
Mon Dec 16 2024
Digital Public Infrastructure (DPI) has proven to be a revolutionary tool in enhancing efficiency.
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TimeRippleOcean
Mon Dec 16 2024
However, recent data from the Economic Survey reveals a remarkable change.
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Federica
Mon Dec 16 2024
The cost of e-KYC has now been reduced to less than Rs 6, thanks to the advancements in DPI.
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