KYC stands for know your customer, and it’s a requirement in most countries when it comes to financial instruments. So for example, when you want to go and open a bank account, the bank has to do a KYC process, which means they have to verify your identity and so on.
And this applies to trading platforms, bank accounts, and a lot of other things in your daily life. So it’s just an acronym for know your customer.
Once you submit your documents for KYC, we will manually verify that the documents match the details provide it will take seven business days for our Verification department to review your documents.
In case a provided document needs clarification or if additional documents are required for your business category, we will get in touch with you via the email address used to sign up.
Please note that it may take longer than seven business days if your business category requires further verification or if the documents provided are not sufficient for verification.
In case you want to get started with collecting payments urgently, you can send us a special request to verify your KYCs sooner at email@example.com stating the reason and urgency. If found viable, we will approve your account ASAP!
So to sum things up the KYC process within the Multimine just stands for know your customer. And it’s a way to comply with legal regulations to actually verify the identity of a customer or a user.
I hereby declare that the information provided in this form is accurate and complete. I confirm that any information is found incorrect and/or incomplete that leads a violation of regulations may initiate legal actions, and I accept that I am the responsible party for any and all charges, penalties and violations.