Glossary
KYC (know your customer)
Also written or said as: know your customer, id check, identity verification
The ID check exchanges require before you can buy crypto with normal money.
Regulated exchanges ask for an ID document and sometimes a selfie or proof of address. It is normal on a CEX and you will meet it when you buy your first SOL. No wallet, DEX or support agent will ever need your seed phrase to verify you.
Learn it properly inBuying your first SOL on an exchangeStart here · 4 min readThis guide is for learning. It is not financial advice. Most memecoins go to zero and most people who trade them lose money. Only ever trade what you can afford to lose.