What is KYC?
Know Your Customer: the identity verification a regulated platform must perform before allowing you to trade or withdraw.
KYC is the set of checks — identity document, proof of address, sometimes source of funds — that regulated financial services are legally required to carry out on their customers.
Why it matters
KYC decides what you can actually do on a platform and when. Many venues allow deposits before verification but block withdrawals until it completes, which is how people discover the requirement at the worst possible moment. Tiers matter: a basic tier may cap withdrawals at a low daily figure, with higher limits requiring more documentation. Requirements also vary by jurisdiction on the same platform. Content that helps people evade these checks is not published here under any framing — but understanding what will be asked of you, and when, is straightforwardly useful.