NovoPad KYC

KYC information
The NovoPad KYC for both project owners and investors will be at a later stage conducted by a regulated and legally compliant third-party for truly enhanced checks [OPTIONAL]
Many are aware that when you setup an account with a renowned crypto exchange for example, you will require to go through a know-your-customer (KYC) process.
As soon as you complete this mandatory process, it will enable individuals to carry out purchases in cryptocurrency and given permissions to withdraw.
This article will explain what KYC is, what the process entails and how to get KYC on NovoPad.

What is KYC?

"Know your customer" is short for KYC which also stands for "know your client" and it is the process of verifying a customers identity.
This is predominantly used within financial institutions and businesses part of the of the financial sector which does include stock exchanges, banks and of course now, cryptocurrency.
The main purpose of KYC is to provide evidence that the person claiming who they are, is actually that individual.
This is in place to stop any fraudulent activities such as laundering money or fund any other illegal activities as well as evasion of tax.

KYC with NovoPad

Any project owner can KYC with NovoPad, at this moment in time, only project owners and/or devs are required to KYC.
The KYC process is mainly for our Sapphire, Jade, Opal and Red Diamond Tiers, however, the standard tier can also apply based on criteria which will have to be met and is on an individual basis.

How to apply for KYC with NovoPad?

The only ways to apply for KYC is as follows:
  1. 1.
    Send an email to this email address [email protected] with the Heading "NovoPad KYC - YOU PROJECT NAME".
For example for Novoos, it would be "NovoPad KYC - Novoos".
2. Contact NovoPad KYC directly.
Please ensure you contact NovoPad in an advance to apply for KYC, the process may take longer and is dependent on individual and case by case basis as the only way to understand and obtain the guidance is via the above two ways.

KYC Fees

All NovoPad fees can be found HERE.
Please do not make any payment to anybody or send funds to someone promising they will provide KYC for your sale on NovoPad, this is impossible by a third party, you will be scammed and therefore lose your funds. Additionally, this is also prohibited as per NovoPad guidelines.

KYC Certificate

Every project will be presented with a KYC certificate as per below with the amended details as required.