Definition
KYC (Know Your Customer)
Identity verification (ID + proof of address) required before payouts — the moment aliases and shared accounts die.
Firms typically allow buying and trading a challenge with minimal identity friction, then verify identity at the first payout. Mismatched identities (the payout name ≠ the trader) is a classic payout-denial cause.
Have documents ready before requesting the first withdrawal to avoid burning your payout window on verification delays.
Related terms
General industry definitions — individual firms define terms differently in their own ToS; the decoded rulebook for each firm is the source of truth. Educational, not financial advice.