BENEFITS OF GETTING A KYC VERIFICATION FROM 0XGUARD.

JuneCribb✍️º
4 min readJan 19, 2022

--

WHAT IS A KYC?

“Know your customers”

This is a standard designed to protect financial institutions, projects and companies from frauds, money laundering, corruption, scammers.

This method is very effective in the crypto world as projects owners are identified . Projects owners could be an individual or a team and all will be verified not just one .

WHAT ARE THE STEPS INVOLVED IN KYC VERIFICATION?

Steps involved in a KYC verification are simple;

  • Establish customer identity; In this stage, project owner have to send an idea to the company verifying his identity and this ID has to be a government issued ID like drivers license, international passport etc.
  • Check source fund and nature of customers activities; This stage, source of income is provided by project owner or company is processed to avoid money laundering.
  • As the above mention , check for any money laundering activities from customers..

You might be wondering if these are all , no. It’s just the basic. 0xGuard has its own unique processes to make sure all KYC verification are legit .

HOW DOES 0XGUARD KYC VERIFICATION WORK?

WHAT MAKES THEM UNIQUE FROM OTHERS?

  • You scan your official documents and send to them the electronic copies. Eligible documents include a passport, a driver’s license, an ID card, or any National Identity Document.
  • They arrange a Google Meet call during which they’ll interview the client and confirm their documents. They’ll also ask a few questions about your DeFi project and your role in it, and provide them with a login and password.
  • Upon request, they may confirm ownership of a specific wallet by asking to perform a small reversible transaction.

You get a KYC document.

What makes it unique for me is stage 2 where you as a project owner get interview through a Google Meet call. This is to be sure of who owns the passport that was submitted.

WHY IS KYC IMPORTANT?

Why is a KYC verification important for every project? What does 0xGuard have to say about that ;

KYC is an action of digital identity verification. It helps project developers to prove ownership and hold a semblance of accountability should any malicious actions occur.

KYC is the first step towards a project’s transparency.

If you aren’t ready to reveal your real-life identity or choose to stay out of the spotlight KYC is the right solution for you.

With this , I can tell that 0xGuard knows what to do for you and you always have a choice on what you want .

HOW MUCH CAN I GET A KYC VERIFICATION?

0xGuard is giving all projects types from the low budget project to the high budget project, so all projects can afford a KYC verification from 0xGuard. They all come in types and as I said earlier, it could be individually or as a team .

This is 0xGuard KYC standard

This offer is for KYC Team .

There is a 45% discount for a project with more than 7 people as the team .. Discount won’t run forever so get it now ..

This is a KYC + Smart Contract Audit.

If I was a project manager/ owner, I’ll totally go for this as 0xGuard PRO audit is $4500 but you get the chance of getting an audit and a KYC done for a cheaper price.

To order a KYC verification, order here ; https://0xguard.com/kyc

WHAT ARE THE BENEFITS OF KYC BY 0XGUARD?

Advantages of KYC by 0xGuard;

0xGuard offers a procedure that is 100% secure and the data we receive can only be shared with official authorities following an official request.

Price ;0xGuard offers a competitive price as well as a 45% discount for a team with over 7 people. This I think is awesome and a bonus.

Speed ; 0xGuard gives A quick real-time process of identity verification. You get the result in a matter of minutes.

Data Security ; Your informations are safe it 0xGuard as the information about the client’s real identity will not be shared with the community or public under any circumstances.

Brand awareness ; Your KYC certificate will be published to our social media, making your project more recognizable. Which I think is a bonus for new projects.

Follow and clap for more articles….

Also stay updated about 0xGuard latest audit and KYC verification ;

https://twitter.com/0xGuard

https://0xguard.com/kyc

--

--