Crypto

Do These Crypto Wallets And Platforms Need KYC? (Explained)

When you create an account with a centralised exchange like Binance, you will be required to perform a Know-Your-Customer (KYC) procedure before you are able to access all of the features on the platform.

However, do all crypto platforms and wallets require KYC?

Here’s what you need to know.

Does Atomic Wallet have KYC?

When you create an Atomic Wallet, you do not require to perform any KYC procedures. This is because Atomic Wallet is a non-custodial wallet, which does not require any KYC to use it.

When you create an Atomic Wallet, you do not need to create an account on the platform. Instead, all you need is a seed phrase to create your wallet.

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As such, you do not require any KYC for Atomic Wallet.

Does Exodus have KYC?

When you create an Exodus Wallet, you are not required to perform any KYC procedures. This is because Exodus Wallet is a non-custodial wallet, which does not require any KYC to use it.

When you create an Exodus Wallet, you do not need to create an account on the platform. Instead, all you need is a seed phrase to create your wallet.

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As such, you do not require any KYC for Exodus Wallet.

Does Ledger have KYC?

When you create a Ledger Wallet, you are not required to perform any KYC procedures. This is because Ledger Wallet is a non-custodial wallet, which does not require any KYC to use it.

When you create a Ledger Wallet, you do not need to create an account on the platform. Instead, all you need is a seed phrase to create your wallet.

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As such, you do not require any KYC for Ledger Wallet.

Does Metamask have KYC?

When you create a Metamask Wallet, you are not required to perform any KYC procedures. This is because Metamask Wallet is a non-custodial wallet, which does not require any KYC to use it.

When you create a Metamask Wallet, you do not need to create an account on the platform. Instead, all you need is a seed phrase to create your wallet.

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 As such, you do not require any KYC for Metamask Wallet.

Does Trust Wallet have KYC?

When you create a Trust Wallet, you are not required to perform any KYC procedures. This is because Trust Wallet is a non-custodial wallet, which does not require any KYC to use it.

When you create a Trust Wallet, you do not need to create an account on the platform. Instead, all you need is a seed phrase to create your wallet.

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 As such, you do not require any KYC for Trust Wallet.

Does Pancakeswap have KYC?

Pancakeswap is a decentralised platform that does not require any KYC verification before you can use it. You can connect a non-custodial wallet like Metamask to the platform, and start to transact right away.

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As such, no KYC is required for Pancakeswap.

Does OpenSea have KYC?

OpenSea is a decentralised platform that does not require any KYC verification before you can use it. You can connect a non-custodial wallet like Metamask to the platform, and start to transact right away.

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As such, no KYC is required for OpenSea.

Does Uniswap have KYC?

Uniswap is a decentralised platform that does not require any KYC verification before you can use it. You can connect a non-custodial wallet like Metamask to the platform, and start to transact right away.

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As such, no KYC is required for Uniswap.

Conclusion

In general, any non-custodial wallet or decentralised application does not require you to perform KYC to use their wallet or platform.

Sometimes, you may receive some emails from ‘Metamask’,

Metamask Perform KYC Scam

or ‘Trust Wallet’,

Trust Wallet Perform KYC Scam

where you are required to perform KYC.

However, these are scam emails, and the link to ‘Check your wallet’ is most likely a phishing link.

If you click on the link and connect your wallet to the website, the hackers may be able to gain full control of your funds!

As such, do be very careful when you are interacting with the links from these emails!

If you’re looking to generate tax reports for your crypto trades, you can consider using Koinly, which allows you to track your transactions from 350+ exchanges and 50+ crypto wallets.


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