In order to start trading on EXEX, like on any other legal trading platform, you must go through the KYC procedure.
KYC stands for ‘Know Your Client’, and it means a verification procedure. When registering your account and going through the verification stages, you will have to provide your phone number and email address as well as a photo or scan of one of your identification documents.
The KYC goals: the global financial sector and trading platforms, in particular, are working with banks and other guarantors of the transparent movement of funds to combat the financing of international terrorism and money laundering, obtained by criminal proceeds. For any law-abiding trader, KYC is an additional safety measure for trade transactions, as well as a well-functioning resource that comes to the rescue in the event of any disputes.