One of the important steps in the basis of security is that you increasingly have to confirm your identity by disclosing your data to exchanges that require this and some crypto social networks where you have to work twice as hard or even tens of times to fill out the form on little-known crypto platforms.
What is KYC KYT and AML security?
KYC is an abbreviation of the English phrase “know your customer/client”, or “know your client”. The essence of the principle is that before providing certain services, the exchange or crypto exchanger must establish the identity of the person who interacts with them through the platform. A term in the field of banking and stock exchange regulation. This is a mandatory verification of the client’s personal data, as a rule, by a financial institution or other company working with clients’ funds. During the existence of crypto exchanges, they were often subject to hacker attacks, which caused users to lose access to their accounts. Thanks to this, a KYC (Know Your Customer) system was developed that identifies and verifies its users
Includes an identification document containing your full name and full residential address (national ID card, passport, driver's license or residence permit). utility bills;
official bank statements;
Biometric KYC involves the use of biometric data such as fingerprints to verify a customer's identity. This is the most advanced method of customer identification, as well as the safest and fastest KYC procedure.
KYT - know your transaction, or “know your transaction.” Companies need to know how money appeared in a particular wallet. This is the only way to be sure that the crypt is not associated with illegal activities.
AML verification of a Bitcoin transaction is tracking from which sources the cryptocurrency came into this transaction. If a significant part of the funds came from dangerous sources, there is a high risk that they will not work with you, because your wallet will also be potentially dangerous. analysis of the sources of funds coming to the crypto address and assessment of the risk-score indicator. Risk score is a percentage risk score ranging from 0 to 100. It takes into account the history of receipts to a cryptocurrency address, the likelihood of its connection with illegal activity, user behavioral patterns, as well as available information about the address itself, its associated clusters and owner.
AML check of your counterparties and received transactions for connections with illegal activities. There are services for this purpose - for example
btrace.amlcrypto.io
amlbot.com
getblock.net
What does checking a crypt for purity include?
Transaction
Risk level of this transaction
Detailed information about the sources of cryptocurrency in the transaction
Percentage of clean and dirty money in a transaction
General and technical information about the transaction
Volume of risky asset
All previous senders and receivers of cryptocurrency from this transaction
Address (wallet)
Risk level of interaction with this wallet
Detailed information about the sources from which money comes into the wallet
Percentage of clean and dirty money in the wallet
Wallet usage statistics
Amount of risky assets in the wallet
Transactions in which this wallet participated
Information Platforms:
https://www.publish0x.com
https://sl8.online
https://tangled.com
https://solcial.io
https://www.bulbapp.io
