In order to comply with financial regulations, all end-users must undergo a KYC (Know-Your-Customer) review before they can start trading.
The purpose KYC review is verifying the identity of the end-user.
This section describes the endpoints used to collect mandatory information from the end-user. Before this information is provided, the customer is not able to complete trades.
The mandatory endpoints and info to be collected from every new user are as follows:
- Provide address
- Provide citizenship
- Provide motivation for opening a trading account
- Provide estimated frequency of account usage
- Provide Employment status
- Provide Source of Cash wealth
- Provide Source of Crypto wealth
- Provide Expected Annual Buy Volume
- Provide Expected Annual Sell Volume
- Provide Politically exposed person (PEP) status
- Initiate an Identification attempt (KYC) flow
- Provide Personal Wealth value