What is KYC and why is it necessary?

MedicoHealth.io
Medicohealth
Published in
2 min readFeb 28, 2019

KYC stands for “know your customer”. It is the process of a business verifying the identity of its clients and assessing potential risks of illegal intentions for the business relationship. Every contributor is supposed to fill out the KYC procedure to be able to participate in the ICO. Why? That ensures ICO projects that they are doing business with legal entities.

Why is it necessary to fill out the KYC?

We realize that KYC means that we are not following one of the main principles of the crypto world — anonymity. However, on the other hand, it brings transparency of transactions on the table and ensures that the token sale is legitimate.

The main advantages of KYC:

  • Prevention of scammers from participating in ICOs for malicious purposes;
  • Prevention of money laundering;
  • ensuring the safety of investors’ assets;
  • avoiding legal, tax and reputational issues;
  • moreover, establishing credibility with banks.

KYC has an essential meaning in the business world. With you, filling out the KYC, MedicoHealth platform will stay a safe place, with no frauds or similar.

What do you, as our supporter, have to do?

Firstly, you will need to provide some personal information, such as your name, last name and e-mail address. Secondly, you will have to send us your picture and picture of your passport or ID.

Is my information safe with MedicoHealth?

Of course — we take security and safety of data very seriously. We started our project with the mission to improve the safety of personal data.

To follow the KYC procedure, please follow this link: https://medicohealth.ch/whitelist/

For questions and more information, please visit:

👉 Website: https://www.medicohealth.io

👉 Telegram: https://t.me/MedicoHealthOfficial

👉 Twitter: https://twitter.com/Medico_Health

👉 LinkedIn: https://www.linkedin.com/company/medicohealth/

👉 Bitcoin Talk: https://bitcointalk.org/index.php?topic=3199556

👉 Github: https://github.com/MedicoHealth

👉 Instagram: https://www.instagram.com/medico.health/

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MedicoHealth.io
Medicohealth

Medicohealth is a health portal with the objective to support patients in their search for the right doctor for their health concerns. https://medicohealth.io/