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Many investors wonder why NagriCoin requires completing KYC procedure

All about KYC

Many investors wonder why NagriCoin requires completing KYC procedure and how to do that. With verifying process implementation, our investors and airdrop/bounty participants ask about similar issues. Today, NagriCoin team will answer the most popular questions about our KYC.

What is KYC? KYC or Know Your Customer is a process of verifying customer’s/client’s/investor’s identity. It reduces the risk of illegal manipulations inside NagriCoin ecosystem and protects our investors.
Why do I have to go through the KYC process? There are new laws being introduced globally on cryptocurrency transactions that make this a necessary step.
Do the participants of the bounty campaign and airdrop should pass KYC? Yes. We ask every token holder to pass KYC, including airdrop and bounty participants.
Why did you add KYC for everyone? Today, KYC for all token holders is a basic requirement of all top exchanges. We respect our customers and want them to have an opportunity to buy/sell tokens at the best exchanges. It has even more advantages for our bounty participants and the airdrop token holders: with the help of KYC, we ensure we issue your tokens appropriately.
Do I need to pass KYC before getting bounty/airdrop tokens? Why? Yes, you need to pass KYC before getting bounty/airdrop tokens. As we said earlier, all centralized exchanges require this process no matter if the tokens were airdropped or purchased. Also, we do that to protect you and ensure no violation of the bounty program are done. This is a process everyone has to pass including team members.
How to pass the KYC procedure? NagriCoin started supporting Telegram passport. Therefore, to pass our KYC, you just need to upload your documents and share your information with us. If you want to pass KYC without telegram passport, use Authenteq https://authenteq.com/. You should download its app for Android and iOS . Pass verification process using selfie and document scanning in the app. After receiving confirmation, scan QR-code on the left side of the screen. If everything is done right, you will get one more confirmation.
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