However, there is a risk associated with every chance. Among the issues that crypto platforms continue to face include identity theft, money laundering, account takeovers, and regulatory scrutiny. KYC (Know Your Customer) services are useful in this situation. But how do crypto KYC companies keep exchanges safe?
Checking real identities to stop fake accounts
Making fake or stolen-identity accounts is one of the biggest threats to crypto exchanges. Scammers, money launderers, and people who make fake withdrawals can all use these accounts. Crypto platforms that make it easy to sign.
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