P2P Three Steps to Prepare for Trading
Step 1: Complete KYC Verification
[Log in to KAI Account] → [Personal Center] → [Account] → [Identity Verification] → [Submit information as prompted on the page]
KYC is a mandatory prerequisite for P2P trading on all major exchanges, primarily to comply with anti-money laundering regulations. All users must complete identity verification before using P2P and other services.
- Core function: Prevents account theft and blocks illegal fund flows. It is the first line of defense for account security.
- Required documents: A valid second-generation national ID card or a valid passport.
- Process highlights: After uploading the front and back of your ID card, basic verification is typically completed within 2 hours.
Step 2: Link a Payment Method
[Log in to KAI Account] → [P2P] → [P2P User Center] → [Add Payment Method] → [Follow the on-screen instructions]
After completing KYC, you need to link a payment account that matches your legal name exactly. This serves as the critical bridge connecting your cryptocurrency to fiat currency.
- Core function: Allows buyers or sellers to complete fiat transfers and settlements, an essential step in the P2P trading loop.
- Recommendations: The platform supports various methods including Alipay, WeChat Pay, bank cards, and exchange payment codes. For payment flexibility and risk diversification, it is recommended to add at least 2 methods.
- Key points to avoid pitfalls: The linked payment account must match your KYC name exactly. Additionally, some payment platforms have strict risk controls on high-frequency digital asset trading and may impose restrictions, so proceed with caution.
Step 3: Strengthen Security Settings
[Log in to KAI Account] → [Personal Center] → [Account] → [Security Settings] → [Follow the on-screen instructions]
This is the final safeguard protecting your account and funds, significantly reducing the risk of account theft and financial loss. P2P trading on all platforms requires completing this step first.
- Two-Factor Authentication (2FA): Enable 2FA, such as Google Authenticator, SMS verification, or email verification, to add an extra layer of protection to your account.
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