KYC stands for Know Your Customer and is the process of identifying and verifying the Member’s identity when opening an account. It is usually done by verifying the user'S ID and documents uploaded on their profile.
If you are registered in all European countries (UE), Taiwan, Japan, Russia, Singapore, South Korea, Kazakhstan or Malaysia, you will need this approval to verify your identity and unlock the limits of Token transfers from VyvoWallet to VyvoPay. Learn more here.
To learn more
Please read How can I get ID verified through VyvoPay KYC? to learn more about this process and In which countries is VyvoPay KYC approval required? to find out which countries require this.