KYC (Know Your Customer) is a mandatory process that helps financial platforms, such as Doto, to confirm the identity of their users. Its main purpose is to prevent illegal activities such as money laundering, fraud, or terrorist financing.
Complying with KYC regulations protects the platform and you as a trader, ensuring the safety of your funds and personal data.
What does KYC compliance at Doto entail?
By complying with KYC, you agree to follow the guidelines in our Terms and Conditions, which reflect international regulations.
This process includes:
Identity verification: Ensures that the account belongs to a real person.
Proof of residency: Confirms that you reside in a location allowed by the platform.
Source of Funds (SOF): In some cases, it is necessary to prove that the funds come from a legitimate source.
Why is verification necessary?
Verification in Doto serves several key purposes:
✅ Security: Protects your account against unauthorized access.
✅ Legal compliance: Ensures that Doto operates by international financial laws.
✅ Unlimited transactions: You can deposit up to $2000 and withdraw up to $1000 without verification, but for larger amounts, verification is mandatory.
✅ Safe environment for all users: Helps prevent fraud and suspicious activity.
What do you need to complete the KYC verification?
To pass the KYC process at Doto, you will need:
📌 Proof of identity: ID card, driver's license or passport.
📌 Proof of residence: Utility bill, bank statement, or any official document showing your address.
📌 Selfie or live facial verification: Ensure you are the document holder.
How long does verification take?
🕐 The process is fast: if the documents are clear and complete, it can take only a few minutes. In special cases, the review can take up to 24 hours.
✨ Extra tip: You will receive an email notification once your account is verified.
🔒 Protect your account and access all Doto features by completing KYC verification today!