What is KYC Verification

Know Your Customer (KYC) are a set of standards used within the investment and financial services industry to verify customer identity. This helps prevent fraud, money laundering, terrorism funding and other illicit activity, keeping customers safe and helping us to keep compliant with international standards

Banxa does not require an initial KYC and may request a KYC verification around approximately $7,000 USD total spending accumulated over a purchase history.