KYC
Written by Christopher Krassnig - Founder - Kairos Exchange and ZenoX Media.
Published
- Checks in every memo8
- Automatic on day one3 of 8
- Read by handad spend and processor payouts
- Tracked ecom salesEUR 200M+ZenoX ad-management figures, not Kairos deal volume - Kairos hasn't closed a deal yet.
KYC is the standard check on who someone really is before they move real money through a platform. It asks for a legal name, a government ID, and proof of address. Each one gets checked against a real record, not just accepted on trust. Banks and regulated marketplaces run this before a large transaction, never after.
The Three Parts of Full KYC
A complete check usually asks for three things: a government-issued photo document to confirm the name, a recent utility bill or bank statement to confirm the address, and a screen of the person's name against sanctions and politically exposed persons lists. Finance treats that last part as anti-money-laundering duty rather than KYC itself, though the two run together in practice. A marketplace moving five- or six-figure sums between strangers has the same reason a bank does: know who is on the other end of the wire before the wire goes out.
Not to Be Confused With
- Kairos's Funds Review
- Full KYC checks a government-issued document against real records. Kairos's own buyer check accepts a typed legal name, a country, and a self-declared euro figure, reviewed by a person with no document uploaded at all, which is why a cleared buyer's status reads Reviewed rather than Verified.