Know Your Customer (KYC) is a process financial institutions use to identify and verify a user when they open an account.
It is designated to prevent and mitigate possible risks of MoonPay being involved in any kind of illegal activity. Both international and local regulations require MoonPay to implement measures to prevent any form of suspicious activity from its Users.
Uniswap Labs has partnered with MoonPay to allow users to buy cryptocurrency directly from the Uniswap web app. With this partnership, users who use Moonpay to buy crypto on the Uniswap web app are required to go through the KYC process.
The process and documents required for KYC may vary based on the user’s country of residence. Uniswap Labs doesn’t have access to Moonpay KYC data.
What documentation may a user expect to submit?
- National ID
- Drivers License
- Bank statement (issued within the last 3 months)
- Utility statement (issued within the last 3 months)
- A 3D Liveness Check or Selfie (camera access required)
MoonPay can only accept the original or PDF version of these documents, depending on what a user is being asked to submit. Screenshots are not accepted.
Users may be prompted to submit this information when attempting to buy crypto on the Uniswap web app for the first time. Once verified, a user should not have to complete this process again.
For more information and support, please reach out to MoonPay Customer Support.