1. Understanding Identity Verification (KYC Verification)

KYC, which stands for Know Your Customer, is a process for verifying and performing due diligence on customer identities. The main objectives of KYC include facilitating Anti-Money Laundering (AML) efforts and safeguarding users against identity theft, financial fraud and more. This process involves authenticating a user's identity through submitted documents such as an ID card, passport or other forms of identification.

2. Differences Between Users With and Without KYC Verification

3. Steps to Completing Identity Verification (KYC Verification)

Step 1: On the AlphaX app, log in to your account. Tap the left sidebar and select "Identity Verification".

Step 2: Select your identity document type and its issuing country/region. Enter your "Name" and document details.

Step 3: Upload images of your identification document along with a selfie of yourself holding your ID. Submit the application for review and wait for it to be approved.

Please Note:

If the information you submitted is accurate and complete, we will approve it within 3 working days. In the event of unsuccessful verification, please review the reasons and try resubmitting the KYC application again. You can also reach out to our support team to learn more.