Cryptocurrency investment on your mind? Get your KYC done first, Know how | Tech News

Cryptocurrency investment on your mind? Get your KYC done first, Know how

Cryptocurrency is a whole new world of exchange of currency, but have you done your KYC? Know here how to get your KYC verified on crypto exchange.

| Updated on: Aug 21 2022, 22:18 IST
Get your KYC done before investing into cryptocurrency in simple steps. (HT_PRINT)

Crypto, being the future of currency and coins like Bitcoin and Ether getting all time high, everyone thinks now to invest in cryptocurrency. But do you know that you need to go through a Know Your Customer (KYC) process before trading or investing into Cryptocurrency? Yes, the way you need to complete your KYC process for a bank account or even your payment app Paytm, you have to complete your KYC for the cryptocurrency too.

ZepPay, the crypto-exchange business, has laid out a KYC strategy since starting to ensure the protection of funds investing by genuine investors. Even the other crypto-exchange platforms have the same kind of process for KYC. Don't worry, the process is as simple as the way you did your KYC for other payment options. Know here the whole process.

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How to get KYC verification on Crypto exchange?

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1. Keep all your documents handy. Once you open your account on crypto exchange, you will need to submit the PAN card and Address Proof such as Aadhar card, passport, driving license or any utility bill to complete your KYC verification. Sometimes few crypto exchange platforms ask for a cheque or bank account statement also.

2. Once your all documents are ready, go to the crypto exchange website and head towards the settings page. Then, find the Verify Identity or Complete KYC option.

3. There, you will need to upload your ID proof. You may use your device gallery to upload it or can click a new picture of your PAN card during the step.

4. Following that, you will need to upload your address proof, while selecting the option for the document that you want to upload amongst your Aadhaar Card, Driving License, Passport or utility bill.

5. Ensure to fill all your KYC details accurately, which involves adding and verifying your bank details. Choose Banking from your exchange's settings page and follow the steps to enter your bank information

6. Along with providing information, you may be required to provide a picture of your bank cheque or bank statement, which can be uploaded the same as you provided your ID proof.

And it's done! Your work is done here. Now, the crypto exchange will approve your KYC and bank details before you start investing in cryptocurrency.

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First Published Date: 27 Nov, 16:41 IST