KYC (Know Your Customer)
By CoinGecko | Updated on Nov 15, 2021
KYC stands for "Know Your Customer", a process for business entities are required to verify its clients and assessing them. It is also a policy the businesses required to implement as part of compliance, usually with Anti-Money Laundering and financial crime.
Related Terms
Testnet
Shorthand for "Test Network", testnets are staging areas for experimenting new blockchain features.
Decentralized Autonomous Organization (DAO)
Open source and decentralized systems that do not require centralized operators or controllers.
gm Good Morning
gm is the short form writing for good morning. Used extensively within the crypto community where individuals greet each other casually. On the other hand, good night (gn) is used when people sign off for the day.
Cold Storage
Offline storage of cryptocurrencies which is arguably safer as they also require physical access (eg. hardware wallet, paper wallets)
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.