As Nexo is a fully regulated digital assets institution in all of the 200+ jurisdictions of its operation, the company is required to work under a business regulation known as KYC (Know Your Customer).
A KYC check is simply the act of us verifying the identity of our clients and is a measure against money laundering, fraud and corruption. Conducting KYC checks enables us to run smoothly without any problems with our banking/financial partners, and is also performed for your own safety – providing an added security layer and preventing unauthorized persons from claiming your tokens.
Nexo's products are only available after verifying your identity. Once your account has been verified, you will be able to unlock all of the platform's features:
The verification process is quick, intuitive, and in order to make it as seamless as possible, we have partnered with the leading identity verification provider - Jumio. You can find more information on the matter in our dedicated article.
What do you do with the personal information from a KYC check?
Please note that Nexo only requires personal data for KYC and AML checks and does not share this information with other third parties, including for advertising purposes.
As an ISO 27001-certified entity, Nexo has stringent procedures in place to ensure the confidentiality of clients' data.