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  1. Home
  2. /Glossary
  3. /KYC (Know Your Customer)
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cryptocurrency

KYC (Know Your Customer)

Identity verification required by regulated financial services.

Definition

Identity verification required by regulated financial services. Centralized exchanges require KYC to comply with laws. Many crypto users prefer DEXs to avoid sharing personal information with third parties.

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Learn More About KYC (Know Your Customer)

GuideCrypto Regulation Guide

Related Terms

CEX (Centralized Exchange)

A cryptocurrency exchange run by a company that holds your funds and matches orders.

Address Poisoning

A scam where attackers send tiny transactions from addresses that look similar to ones you've interacted with, hoping you'll accidentally copy the wrong address from your transaction history.

AI x Crypto

The intersection of artificial intelligence and blockchain technology.

Airdrop

A marketing strategy where crypto projects distribute free tokens to wallet addresses.

Airdrop Farming

Strategically using protocols before they launch a token to qualify for free airdrops.

Alpha

Valuable, non-public information or insights that give you a trading edge.

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