What is KYC?
Identity verification — what it is and why exchanges require it.
Beginner 3 min readUpdated 5/27/2026
KYC ("Know Your Customer") is the process of verifying your identity. Regulated platforms use it to prevent fraud, money laundering, and the use of stolen identities.
On Coinwaka, KYC usually means submitting a government ID and a selfie. It unlocks higher limits and is required for most funding and withdrawal flows.
KYC protects you too: it makes it much harder for someone to impersonate you or take over your account.