CryptoLendingHub #1: KYC Requirements in Crypto Lending

KYC (Know Your Customer) requirements vary dramatically across crypto lending platforms. CeFi platforms almost always require ID verification — passport or driver's license, proof of address, sometimes a selfie.

DeFi protocols don't require KYC. You connect a wallet and interact with the smart contract directly. This is a fundamental feature of decentralized finance.

Some users prefer no-KYC platforms for privacy. Others prefer KYC platforms because regulated entities may offer better consumer protections. There are trade-offs either way.