Post
Topic
Board Altcoin Discussion
Re: KYC Meme tokens
by
gwdf1
on 06/11/2021, 05:12:21 UTC
Hello, what does it mean when a meme token at presale says they have been KYC?

When I think KYC, I think of all the personal information you have to give to trade on a centralized exchange.

I have seen many times that projects say that they have passed audit and KYC, so in your case I think that it means that you don't need to pass verification, it means that project has KYC.
Some platforms really require KYC and personally I prefer skipping such platforms. Of course, centralised exchanges need KYC to give you opportunity to withdraw money to your bank account, but in other cases you had better not give your private data.