What is KYC?

What is KYC?

The 'Know Your Customer' (KYC) is an obligatory verification process in financial services. It requires users to verify their identity, location, etc., and prove they are competent to use the financial services offered. KYC process is an important tool to provide a safer purchasing environment for our users. To complete verification please follow the guidance on the screen.

EXT-VRF015-V001-TK
    • Related Articles

    • My order status is KYC_WAITING. Why don't you proceed with it?

      To start with the process, we are waiting for you to upload the verification documents as requested on-screen. Please complete your action within 5 hours, before the expiry of the order. EXT-VRF018-V001-TK
    • How long does it take to get verified?

      You will be asked to upload your documents within a few hours after you complete the payment for your order. You may follow the guidance on screen. It is important to complete the verification step within the given time. In case no documents are ...
    • My order status is KYC_FAILED. Shall I update my documents?

      Unfortunately, your documents uploaded could not be verified. You will be notified by email about the reason. Please read your email notification and take relevant action by initiating a new order. Please be kindly noted that orders at KYC_Failed ...
    • How safe is Koinal Checkout ?

      The security of your purchasing process is very important to us. In order to protect your sensitive information in the most secure way, we constantly stay up to date and improve ourselves. Please find some of the security measures applied here: - ...
    • Format & size limits of uploaded KYC verification documents?

      Please upload your documents in one of the following file formats: PDF / JPG / JPEG / PNG In addition, please keep in mind that the maximum size limit per file is 5Mb. In other words,  each document you upload can be up to 5 MB. In case you ...