What is KYC?
KYC, or "Know Your Customer," is a guideline used by the financial services industry to verify customer identities. It requires professional organizations to authenticate account ownership and conduct suitability and risk assessments to minimize potential risks.
Why is KYC important?
- Security & Compliance: RooEx is committed to providing a secure and compliant trading environment in line with regulatory requirements.
- Prevention of Illegal Activities: Prevent illegal activities and detect suspicious behavior early on.
- Enhanced User Experience: Once users complete KYC, they can access fiat services, investment features, and enjoy higher daily withdrawal limits.
- Access Exclusive Benefits: Participate in Launchpads and other exclusive promotions.
- Convenience & Security: If users lose access to platform credentials, KYC-verified accounts can assist in account recovery through a simpler process.