## Understanding Cryptocurrency Trading Identity Verification Mechanisms: The Complete Guide to the KYC System
### What is the KYC Certification System?
The identity verification system (KYC, short for Know Your Customer) on cryptocurrency trading platforms is a core compliance requirement for financial institutions. This mechanism requires exchanges to register each user with real-name verification, confirm the actual source of funds and the beneficiary's identity, and gain in-depth understanding of the customer's residence information and business nature. In simple terms, KYC is the standard
View Original### What is the KYC Certification System?
The identity verification system (KYC, short for Know Your Customer) on cryptocurrency trading platforms is a core compliance requirement for financial institutions. This mechanism requires exchanges to register each user with real-name verification, confirm the actual source of funds and the beneficiary's identity, and gain in-depth understanding of the customer's residence information and business nature. In simple terms, KYC is the standard