What is KYC?

Know Your Client (KYC) procedures are imperative legal prerequisites in adherence to Anti-Money Laundering (AML) laws, serving as an indispensable mechanism for evaluating Client risk. In the realm of investment, KYC ensures that advisors can definitively verify a client's identity while also gaining insights into their financial standing and investment acumen.

Why Do We Need KYC Documents?

As a financial institution, our commitment to regulatory compliance mandates strict adherence to Anti-Money Laundering (AML) regulations, necessitating a thorough Know Your Client (KYC) process for each and every client. The primary objective of these documents is to establish the authenticity of the individual registering for our platform, affirm the absence of a history involving fraud or criminal activities, and validate the legitimacy of the funds. Our identity verification process is meticulously designed to establish a robust security framework at the technical level. Given the decentralised nature of cryptocurrencies, Kroxio adheres to comprehensive anti-money laundering standards, risk mitigation protocols, compliance measures, and oversees activities subject to jurisdictional regulations. This rigorous approach aims to counteract money laundering, terrorist financing, and illicit financial activities.

What are the KYC Documents?

  • Proof of Identity: For Proof of Identity, we require a government-issued document validating the individual's identity, such as a driver's license, national ID card, or passport.

  • Proof of Address: As Proof of Address, we seek an officially issued document confirming the individual's current residence, which could be a utility bill (electricity, water, gas) or a bank statement.
  • Proof of Payment: For Proof of Payment, clients must provide a credit card, bank wire, or a crypto wallet statement confirming their deposit transactions.
  • Declaration of Deposit: The Declaration of Deposit form is dispatched to the Client's email, and the requisite sections are completed. This document is essential for clients to affirm the authenticity of their payment.

  • How to send the documents?

    Clients have two options for submitting KYC documents. They can upload the necessary documents directly from their account using the designated Upload Documents feature. Alternatively, documents can be sent via email to our Compliance Team at [email protected]
    For comprehensive information on the KYC process or assistance, please feel free to contact us directly.
    Email: [email protected]

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