What is KYC and why the global crypto community needs user identification?

The survey showed that more and more people trust their digital assets and trade on cryptocurrency exchanges with KYC in place

Kick Ecosystem OFFICIAL
1 min readMay 14, 2020

Dear Friends,

Please, welcome a brand new KickAcademy survey! This time we study the field of notorious KYC procedure (“know your customer”).

The survey has proven that:

  1. The number of users who are positive about KYC is 4 times larger than those who feel extremely negative about it.
  2. Almost half of the respondents understand the importance and benefits of completed KYC.
  3. The trend towards the universal adoption of this procedure among the most respectable and large exchanges is obvious.
  4. Most of the respondents are positive about the KYC procedure prior to any trading activity.

We would like to thank all the members of our community who participated in the survey and contributed to the crypto study. Thank you a lot!

Read the survey available in 2 languages:

English
Russian

(!) Remember, that KYC procedure is required on KickEX exchange for your own and the safety of your assets

Always yours,
Kick ecosystem Team

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Kick Ecosystem OFFICIAL

Welcome to the official Kick Ecosystem blog. It's great to have you with us, enjoy a good read! Our websites: kickex.com | kickico.com