CeFi
KYC (Know Your Customer)
Identity verification required by regulated crypto platforms before allowing users to lend, borrow, or trade. KYC typically requires government ID, proof of address, and sometimes a selfie.
Why KYC (Know Your Customer) Matters
Understanding kyc (know your customer) is essential for anyone participating in crypto lending or DeFi markets. This concept directly impacts how you evaluate platforms, manage risk, and optimize returns.
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