KYC means ‘know your customer, or ‘know your client’. Businesses employ KYC checks to establish their customers’ identities and assess and monitor any associated risks on an ongoing basis. Overall, the goal of KYC is to prevent financial businesses from being used by criminal organisations for money laundering, terrorist financing and other illegal purposes.
KYC is required for those who wish to withdraw their proceeds from selling components or Collectibles on the VRYNT Platform.
1. Click on the user Icon in the upper right-hand corner of the VRYNT Platform.
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2. Click on the Link to "Verify Identity". This will bring up a popup box that takes you to the Onfido Verification Process.
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3. You can use your camera to take a picture of your documents or upload your identification documents directly.
4. Once completed, the Onfido team will review it for approval. So that you know, your status will show pending until you check it.
Once you complete the KYC process, your review will remain pending. Once completed, your profile will be updated to reflect ID verification.
This is a step in the KYC process with our verification team. Typically, the decision process will be completed in 48 hours.
If you are facing an issue with the Identity Verification (KYC) process, please submit a ticket to our support team here: support@vrynt.io
