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KYC in crypto is the process of verifying a customer’s identity before granting them access to advanced features. It requires users to submit personal information, including their name, date of birth, address, and government-issued identification. Crypto KYC has been and remains crucial for combating money laundering, enhancing user protection, and helping trading platforms meet increasingly stringent global regulatory standards. To encourage user compliance, crypto exchanges often grant limited access to products/services for unverified users. For most platforms, KYC verification unlocks higher deposit and withdrawal limits, ensures faster and smoother account recovery, and provides a more secure environment for digital asset transactions. As global regulations become stricter, identity verification has become a core requirement for financial institutions in the crypto industry. Therefore, this guide explains the meaning of KYC in crypto, its importance, the role of non-KYC exchanges, and how to begin verification on any platform. What Is KYC in Crypto? Know Your Customer (KYC) in crypto refers to the legal and regulatory process that cryptocurrency exchanges use to verify the identity of their customers. KYC checks involve collecting personal information, such as full name, date of birth, address, and government-issued identification documents, to assess the customer’s risk and prevent illicit activities, including money laundering, fraud, terrorist financing, and tax evasion. Since crypto exchanges are financial institutions that operate across multiple countries, this process is crucial for complying with Anti-Money Laundering (AML) regulations and ensuring the security and integrity of financial transactions in accordance with the laws of specific regions. During KYC, crypto companies may also perform ongoing transaction monitoring and enhanced due diligence on higher-risk customers. The goal is to protect both the customer and the financial institution by confirming identities and understanding financial activities before granting full access to trading or withdrawal features. Different countries have varying KYC requirements,…