this post was submitted on 07 Aug 2025
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Privacy
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KYC?
Know. Your. Customer. Basically they verify your identity before providing you with any services. It's a common phrase in the crypto space.
It's not a cryptocurrency term, it's finance.
I assume you mean the cryptocurrency space? I haven't encountered in the cryptography space.
Yes, "crypto" typically refers to cryptocurrency, not cryptography, in my experience.
that implies you can use crypto without being identified at any step of the way? is that even possible when the service at the other end doesn't accept crypto?
Crypto does not require any services. But if the person you're trying to send to doesn't accept crypto then you can't send it.
...no? It just means that they don't necessarily know every little detail about you before you start using their service. What comes afterwards is up to whoever wants to track you. Most crypto currencies are pseudo anonymous at best.
Know your customer
Thanks