KYC Verification
Last updated
Last updated
KYC is an abbreviation for "Know Your Customer". KYC identifies customers and verifies their details to comply with global regulations, including anti-money laundering and counter-terrorism financing laws. The overarching goal of the KYC process in crypto is to prevent individuals or companies from using the asset class to commit financial crimes.
KYC on the marketplace is optional until you start bidding $10,000 or higher. The limit on a marketplace requires you to undergo KYC if you want to bid higher than $10,000 worth of $ALICE.
KYC will be conducted via a partner provider, blockpass.org. The process is quick and easy, so follow the instructions on your screen. Once the verification is completed, you can place bids over $10,000.