KYC is an acronym for ‘Know Your Customer’. KYC check is a mandatory process of identifying and verifying the end users’ identity when establishing any relationship and periodically over time. In other words, companies must ensure that their users are genuinely who they claim to be.
As an end user, you will need to clear the KYC process by submitting the required documents for identity & verification (any government photo ID like passport / driving license / national ID) and a selfie before your first transaction. You will also have to provide your address as part of the process.