HOW TO GET KYC VERIFIED FOR THE HELIOS FUND

blockchaintrace (2)in #heliosfund • 2 years ago

What exactly is KYC?

KYC, an abbreviation for "know your customer" and "know your client," is a critical technique for establishing or verifying a consumer's identity or soundness. KYC is the most prevalent and important part of dealing with financial organizations/agencies and fiscal service institutions such as banks, SEBI, and now cryptocurrencies.

Before you consider trading in HELIOS FUND S, you must first establish your credibility.

When you create or open an account with a cryptocurrency exchange, you will be subjected to a know-your-customer (KYC) procedure. This is the expected identification verification that major exchanges, including the HELIOS FUND exchange, would need for anybody wishing to swap bitcoin.

The sooner you complete demonstrating your KYC, the sooner you'll be permitted to deal with cryptocurrencies. It would be possible to buy, trade, or withdraw your Helios Funds for other items and services. In this article, you will learn exactly what KYC is, how to carry out the procedure, and many approaches to deal with crypto- Helios Funds.

The authentication method necessitates the following steps:

How can you confirm the authenticity of your currency base profile?

To establish your identity, go to crypto.com and perform a certain series of steps.

1. First step:

Personal information: The consumer or investor must first give their legal first and last name. The name you enter must be on all of your ID cards.

2. Step 2: Authenticate your identity. Step – A is being scrutinised. The issuing nation of your identity must be selected here. Choose the sort of identification card you will use to establish your identity. Then, as shown on the screen, continue the steps.

Please keep in mind that your passport is the best form of identification in the vast majority of cases. If you don't have a ticket, a National ID or a Driver's License will typically suffice to prove your identity.

Step 3: Take a photograph. The consumer must submit a photo of himself or herself holding a piece of paper with the words "Crypto.com" and the date inscribed on it.

4. When finished, click -Complete/Finish Submission.

5. A confirmation or authorization page will appear to notify you that your identification proof and photo have been properly submitted.

How to Verify Your Identity Using a Mobile App

Launch the HELIOS FUND DCX app.

1. Go to Profile & Settings.

2. At the top, tap Enable send and receive.

3. Choose your identification type.

4. Follow the on-screen instructions to submit your ID document.

5. Select a passport-sized photo of yourself and upload it for verification.

6. The identity legitimacy procedure is complete once these steps are completed.

What is the purpose of the KYC Process?

KYC is required to accept that the consumer is loyal and to prevent criminal operations such as unlawful activities, insolvency, and tax evasion. If a cryptocurrency exchange does not execute KYC, it may be held accountable for certain forms of illegal activity.

You may be able to open a HELIOS FUND account without going through the KYC process. However, until you authenticate your character, your account will be restricted. The most likely rule is that the trade simply does not enable you to stock cash or acquire cryptocurrency. On the other hand, it might establish a limit to the amount of money you're willing to amass.

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