Why KYC is required
How identity verification protects users and meets compliance obligations.
Beginner 3 min readUpdated 5/27/2026
KYC (identity verification) is required by financial regulations and protects everyone on the platform.
- It prevents criminals from using stolen identities.
- It makes account takeover much harder.
- It unlocks higher limits and more features for you.
Coinwaka handles your documents securely. Completing KYC once gives you smoother access to funding, withdrawals, and P2P.