CRYPTO NEWS

KYC in ICO

First of all, you will need to verify your identity.

In the past, when passing KYC it was possible to provide almost any document that at least somehow could verify your identity (that was a photo and some kind of seal).

Over time, there was a requirement to do selfi along with this document to exclude the possibility of providing false data from the investor.

But we must understand that the lower the estimate for the ICO itself, the fewer requirements there were for the KYC procedure.
Top projects always required an international passport, selfi with it and with a sheet of paper on which the code word or date was to be written.

I recommend to prepare in advance a qualitative scan of your passport or very high-quality and even photo.

Sometimes a scan of the driver's license on both sides can come up.
But it's rolling less and less.

Also make selfies with these documents.

Proof of residence

You will need to verify your country of residence.

Take into account, it is the country, and not the specific city.

Since in some countries there are certain restrictions on the crypto currency and ICO, projects limit the ability to invest residents of these countries.

For confirmation, you will need to provide one of the following documents:

Account for utility bills, Internet, telephone, satellite TV, water, light, gas, staircase cleaning or any similar document that can prove your presence at the address in the country indicated by you.

You can provide an extract from the bank, which will reflect that you have a bank account and the bank is at a certain address in the country of which you are a resident.

A frequent condition is the date of these documents.

As a rule, they should not be more than 3 months.

If you require a document in English, then make a bank statement in the bank in English, for the bank this is not a problem and the issue will be resolved.

Update the scans of these documents at least once a quarter, preferably more often.

ID and Proof of residence are mandatory items, the following are additional, but they are increasingly used in the passage of KYC.

Soc. networks

It happens that the organizers of the ICO can ask you for links to the social. network, for example linkedin or FB.

This can prove that you are a living person, leading an active activity (photos of cats / dogs / noric chakas on the avatar should not be). And if you can also show that you can benefit the project (see the item on the resume / portfolio), then this will be an additional advantage.

Knowledge of the project

This point is gaining in popularity.

For example, the well-known Seele and QuarkChain, during the passage of KYC, asked potential investors questions about their projects.

Again they want investors to understand their technology and to be adherents.

Summary / Portfolio

The history with many top projects shows that they are interested (or pretending) not only with investor money, but also with the benefits that the investor can bring to the project.

If it is possible for you, prepare a portfolio of your work in advance (if you are a programmer, SMM specialist, etc.) or a resume about yourself, what specifically could you be useful for the project.

Can you deeply understand the technology that the project develops and can help them with something?

Having prepared for the listed items, you will almost certainly be able to pass KYC to any ICO.

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