I hope this post bring you very fine and doing good, I am completely well. In this post I will discuss about very important thing in cryprocurrency that is knowing your customer (KYC). Without this we can not make money in cryprocurrency. So friends this post is going to very interesting and informative. I invite to all friends of this community to read my post. I pay my thanks to dear brother @khursheedanwar for this contest which title is

Contest//Knowing your customer

What is knowing your customer?

Knowing your customer is a process that is used in digital marketing for verifying the identity of our clients and can assess risks of illegal intentions for the business relationship. The short form of knowledge your customer is KYC. It can be consist of more than one step. In this mostly used for the face verification of customer. With the help of KYC we can know that our customers are not robots. In my knowledge, KYC ask to customer for moving their head right slowly, then moving their head left slowly. After that KYC require to customer move up chin slowly and looking in camera. This is first step of KYC verification.

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It is mostly used in the financial industry and is applicable to different sectors. Main steps of KYC are:

• Customer Identification Program (CIP)
• Customer Due Diligence (CDD)
• Enhanced Due Diligence (EDD)
• Ongoing Monitoring

The main purpose of Knowing your customer is help stop financial crimes like money laundering, fraud and terrorist financing.

In which recent crypto project or anything related to Crypto compelled you to verify yourself through KYC? Explain?

Yes, I recent verify myself to a cryptocurrency application which name is SunSwap. This is the project of Ice Network. Knowing your customer process starts automatically when the owner of that network wants.

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First of all a message receive from SunSwap application for KYC. I clicked on countinue.The first thing that asked to me at the time of knowing your customer verification was look in camera. Then it took few seconds for processing and it automatically connect my Twitter account. After that it ask to me ready and I clicked on on yes. Then it asked me to look in camera, after few seconds it asked to turn your head right in looking camera and I did same.

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After that it asked to to turn your head left, and I did. The third thing which asked is turn your chin up slowly in looking camera, and I did. In third attempt I was successful in KYC process. So in this way I am able to mine SunSwap coin.