Stages in KYC For Crypto Exchanges

Customer Identification Process (CIP) Crypto exchanges ask for the customers’ name, date of birth, residential address, identification number and government ID, such as a driver’s license or  passport.

Customer Due Diligence (CDD) Customer due diligence (CDD) is a process which involves screening customers’ submitted details to verify their identity and their risk profile.

Ongoing Monitoring The process doesn’t halt at CIP or CDD; there’s a need to continue monitoring and accessing customers after onboarding must have been completed.