Does ChangeNOW use KYC?

This thorough verification process ensures that only legitimate users are able to utilize the platform, thereby fostering a trustworthy and secure trading ecosystem. By maintaining strict adherence to AML/KYC regulations, ChangeNOW demonstrates its dedication to promoting ethical and responsible cryptocurrency trading.

ChangeNOW's commitment to ensuring the integrity of its platform is evident through its robust AML/KYC (Anti-Money Laundering/Know Your Customer) procedure. This system serves as a cornerstone in safeguarding against illicit activities and maintaining a secure trading environment for all users.

At the heart of ChangeNOW's AML/KYC process lies an advanced automated risk prevention system. This innovative technology continuously monitors transactions, flagging any that appear suspicious or potentially fraudulent.

When a transaction is identified as potentially risky by the automated system, immediate action is taken to halt the exchange. This prompt response is crucial in minimizing the potential for harm and preserving the security of the platform.

Upon the suspension of a transaction, the customer involved is contacted by ChangeNOW. They are requested to verify their identity and provide any necessary documentation to clear any doubts regarding the legitimacy of the transaction.