Know your client, or "KYC", is a mandated process for banks, but it is also a crucial component for crypto trading if exchanges wish to mitigate risks.

KYC verification is an essential security measure for exchanges. It protects both client and company, and without it, there are many risks involved for both.

KYC is a key part of fighting fraud, especially in high-risk industries. Here's how crypto exchanges use automated KYC verification to reduce chargeback rates.