CRYPTO GLOSSARY

KYC

Also called: know your customer

The identity checks regulated exchanges must carry out on their customers.

KYC in more detail

Regulated exchanges must verify who their customers are. Expect to provide an identity document and proof of address. The process is called KYC, short for "know your customer". An exchange that asks for nothing may be operating outside the law.

FROM LESSON 12 · 4 MIN READHow crypto exchanges workA crypto exchange is a company that matches buyers and sellers and holds your coins for you. Learn how exchanges work and why they are not banks.Read the lesson

All 128 terms · Checked against the lesson's sources on 8 October 2026.

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