Although blockchain technology is still relatively new, there are nevertheless laws and regulations that have been enacted to protect the investors, and the regulators are now closely monitoring blockchain financial markets.


HitBTC Risk Management team is responsible for monitoring the overall trading activity to ensure that it complies with the international AML (Anti-money laundering) and KYC (Know Your Customer) regulations.


The KYC verification procedure is required to verify the identity of HitBTC users. As part of this procedure users send us certain scanned documents, and our Compliance department conducts a background check. It is an important step to ensure the security of our traders.


You are welcome to upgrade your account to the Verified status now to avoid having to eventually do it in the future.


Here is how you can verify your account.