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What Is KYC and Why It Is Needed in CityPay

CityPay explains what KYC is and why identity verification is needed

Dear users,

KYC stands for Know Your Customer. It is a simple identity verification procedure that helps improve account security and ensure the reliable operation of the service.

In CityPay, KYC is used to protect users, support secure crypto asset transactions, and meet platform requirements.

Why KYC is needed:

• protection of your account;
• secure payments and transactions; • reliable platform operation; • reduced risk of unauthorized access.

The KYC process is quick and simple. Users need to answer a few questions and correctly fill in the required information.

In most cases, the procedure takes only a few minutes. It is important to provide accurate information so that the verification can be completed correctly.

User data is protected and used only for verification purposes and to ensure service security.

KYC makes using CityPay safer, more convenient, and more reliable for every user.

CityPay — convenient access to digital assets within the Paynet ecosystem.

By Vlada Nenakhova
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