Why is identity verification (KYC) required?

Answer

Financial regulations require KYC to prevent money laundering and fraud. Verification is handled securely, encrypted, and stored in compliance with GDPR.

About this answer

Swaps is built around the principle that you keep custody of your crypto and private keys. Your wallet address is yours; Swaps never holds funds. Account, support, routing, and provider handoff metadata are handled under the privacy policy; any personal data shared with a chosen provider is governed by that provider checkout. The wallet address risk check (Search) lets you verify a destination before you send. Provider eligibility, verification, and payment acceptance are checked by the selected provider before execution.

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