KYC or "Know Your Customer" is a mechanism to verify the identity of customers in compliance with legal requirements. Our financial partners require this to make sure all of Parallax’ customers are protected and are who they say they are.
We do this through a series of checks to verify your identity such as collecting identification document like a passport or national ID.
KYC can be as fast as 3 minutes on Parallax! If you pass all our checks, we can set you up with an account almost instantly after finishing all our steps.
If we need additional information to create your account, a member of the team will be in touch within at least 24 hours via email.