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What is KYC?

KYC stands for Know Your Customer. It is a process used by banks, cryptocurrency exchanges, fintech companies, and blockchain platforms to verify users' identities and prevent illegal activities such as money laundering, fraud, and terrorist financing.

What information is usually required?

A KYC process typically requires:

A valid form of identification (passport, national ID card, or driver's license).
In some cases, proof of address (utility bill or bank statement).
In some cases, photo or video verification.

Why is it important?

KYC helps to:

Ensure transparency in financial transactions.
Reduce the risk of fraud and identity theft.
Comply with international regulations on anti-money laundering (AML) and counter-terrorist financing (CTF).

Important

If you choose not to complete KYC, you will only be able to transfer a cumulative total of up to 1,000 USD from your ebioro wallet. Once you reach this limit, you must verify your account to send money.

If you do not wish to complete KYC, you can transfer your funds to another wallet using your recovery phrase.

Updated on: 15/10/2026

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