The Young Lambs finally created a Binance account with the dream of joining the new crypto "pasture". However, the reason why the account cannot be deposited, nor trade or invest? Little Lamb doesn't know, it's because the account hasn't been KYC...
KYC (KYC) stands for "Know Your Customer" or "Know Your Client". This is an important and mandatory process for most companies providing financial services such as banks, wallets. electronics, trading platforms including Binance.
KYC is the step of finding out about the "identity" of customers of financial companies/services. Its purpose is basically to make sure this "customer" is not a "criminal" trying to take advantage of the company's services to commit illegal acts.
A basic example of KYC when Lamb opens a bank account is to go to the bank to provide identification documents and information such as:
Citizen identification card
Take a photo of your face
Provide phone number
Residential address.
After the bank has the above basic information and confirms that Lamb is a "clean person" (hehe), then Lamb is given an account + a card to start using.
Similarly, Lamb must also perform the KYC process on Binance through the following steps:
Fill in Country of residence
Enter personal information
Upload the front and back of the CCCD (or passport)
Upload a selfie
Complete facial recognition (facial recognition)
Once completed, Lamb will now start depositing money into his Binance account and then invest in crypto.
If you have difficulty in the Account Identity Verification (KYC) step, please comment below for Cuu Non to answer.
