What is Know Your Customer (KYC) Verification
Know your customer or KYC is a process of identifying and verifying identities of customers by businesses. KYCs can help with fighting the funding of terrorism, money laundering or the misuse of financial accounts.
Overbit's Know Your Customer Policy is designated to prevent and mitigate possible risks of Overbit being involved in any kind of illegal activity. KYC verification is only needed for withdrawal.
Please follow the steps below to verify your KYC.
1. Please go to your account and click KYC in Accounts & Preferences section.
2. Next, follow steps b and c by entering your date of birth and residential address.
Step 1: Please upload your ID document (passport or driver's license copy) for verification.
Step 2: Please upload a proof of address such as a dated utility bill or bank statement under your personal name (not older than 3 months).
Step 3: Please upload a photo of yourself holding your ID document (in step 1) and the unique code generated below (eg:123-456).
Once you submit your KYC, you will receive a notification email. Please note that KYC verification usually takes 3 to 5 business day to process.