Be smart, be safe(er)!

There are thousands of cryptocurrency projects popping up left and right. To earn the most money, investors will attempt to get in as early as possible.

One of the most important security measures a project owner can provide to show that they’re serious is to undergo a KYC process.

What is a KYC?
First of all – most crypto projects do not have a team that is publicly known to the world. This is fine, and there are a vast number of valid reasons for project owners to stay anonymous. Even the biggest crypto in the world – Bitcoin – has to this date not confirmed who its creator is.

However, to come off to the public as serious and safe, many project owners complete a KYC process with a third party to show their investors and community that they mean business.

In short, a KYC (Know Your Customer)  process means that the project owner and/or key persons behind a project send personal details to a third party company or service. The company will then make sure that the received documentation is valid, has not expired and corresponds with officially registered information of the person applying.

Where can a project get a KYC-certificate?
coinKYC offers exactly this. Through a regulated and legal partner, we can help our clients to verify their identity, but at the same time stay anonymous. When the process is complete, coinKYC issues a proof that the project has successfully been approved by our partner.

This is called a KYC-certificate. All projects that do their KYC’s through us will get a certificate unique for them, in which they can share to their community and investors.

In addition to receiving their box fresh KYC-certificate, coinKYC clients will be listed on our “Listed Projects” page. Here investors and onlookers can find the certificate, basic project information and links to its social platforms.

Is KYC a guarantee for safety?
We like to say “the only thing one can guarantee is that nothing is guaranteed”.

That said, a KYC can differ a lot from company to company. coinKYC makes sure that the documents collected from applicants contain enough information to paint a true and valid picture of who the person or persons behind the project are.