Completing your KYC on Paragon takes just two steps and gives you access to a higher transaction limit of up to ₦500 million daily.
KYC, or Know Your Customer, is the identity verification process used to confirm who you are before you can access certain financial services and transaction limits on the platform.
If you have already downloaded the Paragon app and created an account, completing KYC is the next step to getting more from your account.
Here is what you need to know.
What is KYC on Paragon?
KYC stands for Know Your Customer. It is the process of verifying your identity so Paragon can confirm that your account belongs to you.
For Paragon users, completing KYC helps unlock higher transaction limits and gives you access to the platform's full range of services according to your account level.
If you are new to Paragon, start with our guide on [how to download and open an account on the Paragon Crypto App] before completing your verification.
Why Complete Your KYC on Paragon?
An unverified or partially verified account can have lower transaction limits.
Completing KYC gives you access to a daily transaction limit of up to ₦500 million, making it suitable for users who need to carry out larger crypto transactions on Paragon. However, Your email gives you access to the tier 0 verification.
How Many Steps Does Paragon KYC Take?
Paragon KYC is completed in two steps.
The process is designed to be straightforward, so you can verify your identity without going through a lengthy registration process.
Step 1: Verify Your Identity
The first step is to provide the required personal information and identification details needed for verification.
Make sure the information you provide is accurate and matches your identification documents.
Use clear and valid information to avoid unnecessary delays during verification.
Step 2: Complete the Required Verification
After providing your initial details, complete the remaining verification requirements shown in the Paragon app.
Follow the instructions displayed on your screen and submit the requested information or documents.
Once your verification is completed, your account can access the applicable higher transaction limit.
What Should You Have Ready for KYC?
Before starting your verification, make sure the information you provide is accurate and consistent.
You will need:
- Full name
- BVN
- Government ID
- Document photo
- State, Town & Address
- Selfie photo
A few simple precautions can make the process smoother:
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Use your real and accurate personal information.
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Make sure your identification details are correct.
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Use clear images if you are asked to upload a document.
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Follow the verification instructions in the app.
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Avoid submitting incorrect information repeatedly.
If your verification does not go through, review the information you submitted and follow any instructions provided in the app.
SEE ALSO: Paragon Referral Program: Refer Friends And Earn
KYC and Your Paragon Account
Opening a Paragon account gets you started, but completing KYC takes your account further.
With the verification completed in two steps, you can access a higher transaction limit of up to ₦500 million daily and use Paragon for larger crypto transactions within your applicable account limits.
If you haven't created your account yet, first follow our guide on how to download and open an account on the Paragon Crypto App, then complete your KYC directly from the app.
SEE ALSO: How to Get a Virtual Dollar Card in Nigeria | Paragon
Complete Your Paragon KYC Today
KYC doesn't have to be complicated. Paragon keeps the process to two steps, allowing you to verify your account and access a daily transaction limit of up to ₦500 million.
If you're planning to use Paragon for larger crypto transactions, completing your KYC is an important step after opening your account.
Download the Paragon app, complete your verification, and unlock more room for your crypto transactions.
