What Is KYC and Why Is It Important?

KYC is a way to check that each person using a platform is real. It stops bad people from doing harmful
things like stealing money. For crypto sites like OKX, KYC helps keep trades safe and makes sure everyone follows
the rules.

Here are some reasons KYC is important:

• It stops fraud and money laundering.
• It makes sure that OKX follows the law.
• It helps everyone trust the trading system.

How KYC Helps in the Crypto Market

Crypto trading can sometimes let bad people hide behind fake names. Using KYC helps by:

• Showing who the users really are.
• Stopping people who want to do harm.
• Making sure that trading is fair and safe.

The OKX KYC Process: A Simple Guide

Before you start trading on OKX, you must pass the KYC check. The process is simple. Here is how it works:

Step 1: Sign Up

First, you need to create an account on OKX. You will have to give some basic details like your full name, email
address, and phone number. Make sure the information is exactly the same as it appears on your ID.

Step 2: Send Your ID Documents

After creating your account, you will need to submit documents to show who you are. These usually include:

• A government-issued ID (like a passport, driver’s license, or national ID card).
• A document that proves where you live (like a utility bill or bank statement).
• A selfie or live photo to match your ID.

Step 3: Wait for Verification

Once you submit your documents, OKX will check them to make sure everything is correct. This might take a few
minutes or a few hours. If they need more information, they will let you know by email.

Why KYC Is Good for Traders

KYC makes trading safer and more fair for everyone. Here are some good reasons to complete KYC:

• Fairness: It stops people from trading anonymously, which helps keep the market fair.
• Trust: Knowing everyone is real makes new traders feel confident.
• Safety: It helps prevent unauthorized access and fraud.

Tips for an Easy KYC Process

• Get your documents ready: Make sure your ID and proof of address are up-to-date.
• Check your details: Make sure your personal information is correct on all documents.
• Stay in touch: Keep an eye on your email for updates or requests for extra documents.
• Ask for help: If you have any questions, contact OKX customer support.

How KYC Is Changing Crypto Trading

The KYC process helps make crypto trading safer. It makes the market more trustworthy and attracts big investors by
showing everyone is real. When more people trust the trading system, it grows stronger and more reliable.