As the trading world shifts towards being more digital, the threat of fraud and scam through online trading is increasing by the day. It has become imperative for traders to be more cautious and ensure the security of their account to protect themselves from financial loss. This is where KYC verification comes in handy. KYC or Know Your Customer verification is a mandatory process implemented to ensure identity verification and credibility for online trading. In this blog, we will be looking at how 100% KYC verified Deriv.com account can unlock the maximum potential of your trades.
What is KYC Verification?
KYC Verification is a process carried out by trading platforms to verify the identity of their customers. This process involves providing personal identification information such as name, address, and a government-issued ID card. The personal information provided will be cross-verified with the information available in the government database to ensure authenticity and credibility. KYC verification is a crucial step as it prevents fraudulent activities such as money laundering and identity theft.
Benefits of KYC Verification
KYC verification has several benefits for traders. Firstly, KYC verification ensures that the trader’s identity is well-protected, thus safeguarding their account from potential fraud and scams. Secondly, in case of any dispute regarding the trader’s account, a KYC verified account strengthens the trader’s case, as it is clear that the trader has provided all the necessary information and credentials required. Lastly, a KYC-verified account increases the credibility of the trader and enhances their reputation in the trading community.
Benefits of Deriv.com KYC Verification
Deriv.com is an online trading platform that offers 100% KYC verification for all its customers. A Deriv.com account that has undergone KYC verification comes with several benefits. Firstly, a KYC verified Deriv.com account ensures that the user’s identity is well-protected and their account is secure. Secondly, a KYC verified account helps traders access all the features and options available on Deriv.com, such as deposit and withdrawal limits, global trade limits, and more. Lastly, a KYC verified account grants traders access to a host of trading options across several asset classes.
The KYC Verification Process on Deriv.com
To get a KYC verified Deriv.com account, traders need to complete the following steps:
Provide your personal information, such as name, date of birth, and government-issued ID card.
Provide your address, contact details, and upload a clear picture of your ID card.
Once the account is verified and approved, traders can access all the features and options available on Deriv.com.
Additional Features on Deriv.com
Apart from KYC verification, Deriv.com offers additional features that investors can leverage to enhance their trading experience. These features include an AI-powered platform that offers suggestions and advice to traders, a demo account that allows traders to test platforms before trading with real money, and a comprehensive and robust education section that provides traders with knowledge and tips on trading.
Conclusion
KYC verification is a crucial process in online trading and can help mitigate potential fraud and scams. Deriv.com offers 100% KYC verification for all its customers, increasing the credibility of traders and enhancing their reputation in the trading community. Apart from KYC verification, Deriv.com offers several other features that can help traders unlock their full trading potential. By getting a KYC verified Deriv.com account, traders can access all the features and options available on Deriv.com and enhance their trading journey.
