KYC
In plain words
"Know your customer": identity checks required by regulated exchanges.
See also
- Coin controlChoosing which UTXOs to spend, for privacy and fee management.
- Proof of reservesAn exchange's attempt to show it holds the customer coins it owes.
- VexlVexl is an open-source mobile app for trading bitcoin peer-to-peer with friends and friends of friends, without KYC and with end-to-end encrypted chat.