Cryptocurrency Q&A What is KYC in Bitcoin?

What is KYC in Bitcoin?

SarahWilliams SarahWilliams Mon Dec 16 2024 | 7 answers 1687
I'm interested in Bitcoin and I heard about KYC. I want to know what KYC means in the context of Bitcoin and how it relates to cryptocurrency transactions. What is KYC in Bitcoin?

7 answers

Eleonora Eleonora Wed Dec 18 2024
Cryptocurrency exchanges are subject to legal requirements similar to those in financial services.

Was this helpful?

266
93
Lorenzo Lorenzo Tue Dec 17 2024
This helps prevent fraud and other illegal activities.

Was this helpful?

189
67
Riccardo Riccardo Tue Dec 17 2024
One of these requirements is the Know Your Customer (KYC) process.

Was this helpful?

386
25
CryptoChampion CryptoChampion Tue Dec 17 2024
The purpose of KYC is to safeguard the assets and privacy of consumers.

Was this helpful?

200
66
CryptoLegend CryptoLegend Tue Dec 17 2024
BTCC, a top cryptocurrency exchange, offers a range of services including spot, futures, and wallet.

Was this helpful?

58
78
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts