Contest Alert || Know Your Costumer
Assalam O Alaikum |
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Hello dear friends! Well come to my post. How are you all? I hope you will be doing well by the grace of Almighty Allah. I'm also fine and enjoying my day. Today I'm here to participate in this amazing contest which is organized by @khursheedanwar in this Steem4bloggers community. The topic of this contest is about "Knowing Your Customer (KYC)". So let's start without any more delay of time.
What is knowing your customer? |
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Dear friends, knowing your customer is an abbreviated form of KYC which has a crucial role in digital world of crypto currencies. As when we open a new account in any of digital platform we have to provide information about us including the name, username, country of residence and many more. Thay kind of information can be collected from our I'd card, driving license from our passports too. That process is used by various businesses, financial institutions and other digital platforms.
The main aim behind doing KYC is to know all about the customers of that specific project and platforms such from where he is belongs and what kind of benefits he wants to take from that platforms. Besides this the KYC is a very important term of the regularity requirements of platforms so that they can prevent the platform from frauds, hackers, money laundering and other malicious activities. As in KYC all kind of personal information is provided.
In which recent crypto project or anything related to Crypto compelled you to verify yourself through KYC? Explain? |
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Yes several times I have joined different digital platforms and digital exchanges which compelled me many times to verify myself through KYC. As we know now a days different types of airdrops has been arrived in the crypto world and I have participated in many of them. So after joining them I have verified myself through KYC. But in the very last time I have joined a crypto exchange name bybit to perform different tasks regarding crypto currencies and they compelled me do the KYC.
But unfortunately they failed my KYC verification process due to unknown reasons. I have provided them all types of information about myself same as it is written on my NIC national identity card but still they failed my verification. Now I have left it as I can't anything besides restoring my phone to make a new account of bybit on it as they allow one account on a single phone just one time. You can also check it from the above sheesh.
So friends that was my entry about that topic and I hope you will enjoy reading it. Now it is a time to say goodbye to everyone and I want to invite my friends @entity01, @memamun and @jiya99 to take a part in this amazing contest.
Great post, @abdullahw2 KYC is very important in today’s digital environment and I guess you must be disappointed that your verification did not go through wish you good luck next time
You are right brother KYC is very important as it prevent from several unusual activities. Thanks a lot for commenting ☺️
You are welcome