KYC stands for 'Know Your Customer'. KYC processes ensure that our services are not inadvertently used to facilitate illegal activities. At the most basic level, it requires that our customers are properly identifiable by TenX before they can use our products and services.
The information we gather serves several purposes:
- Risk management
- Transaction monitoring
- Account protection
The KYC limits of the TenX card formerly on this page were removed as our previous issuer WaveCrest Holdings can no longer issue cards, so the limits they specified no longer apply.
We will update this page and our knowledge base with new information once cards are available.