Glossary
KYC
Also called: know your customer
The identity checks a regulated platform runs before letting you trade or withdraw. Level and timing differ by country and by route.
See also
AMLThe obligations placed on financial firms to detect and report suspicious activity. It is why platforms ask where funds came from and why accounts are sometimes frozen mid-transaction.
Travel ruleA requirement that identifying information about sender and recipient accompany transfers above a threshold between regulated providers. Its practical effect is extra questions on withdrawals to self-custody.
Last checked 19 Oct 2026.