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What is KYC?

The importance of verifying your identity with KYC.

Updated over a week ago

KYC stands for “Know Your Customer.” It’s a process used by financial platforms to confirm your identity and ensure that everything operates in a secure, legal, and transparent way.

By completing KYC, you help to:

  • Verify your identity

  • Comply with anti–money laundering (AML) regulations

  • Protect your account and prevent fraud or identity theft

Whether you’re buying crypto, transferring funds, or using advanced features, completing KYC makes everything simpler and safer.


Do I only need to complete KYC once?

Not exactly. While you only go through the process once initially, we may ask you to:

  • Update your information (for example, if your ID expires or regulations change)

  • Provide additional documents if your transaction volume increases

  • Answer a few extra questions if we conduct a more detailed review

These steps help keep your account secure and up to date.


What are the steps in the KYC process?

Depending on your country, activity, and profile, the process may include:

  1. Identity Verification

    • Upload a photo of your ID document (national ID, passport, etc.)

    • Take a selfie holding your ID as proof of identity

    • The system checks that all information is valid and unaltered

  2. KYC Updates

    • You may need to resubmit expired documents or update your data

  3. Periodic Reviews

    • From time to time, we review activity to ensure it remains consistent with your profile

All users must complete the KYC procedure before they can operate on Quantia.

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