As we told you in our last post, the KYC (Know Your Customer) is a process carried out by financial institutions to verify the identity of their customers. Although it may seem a little bit dull, the KYC is necessary, since in 2010 the Law on the Prevention and Fight against Money Laundering and Terrorist Financing was adopted.

A few days ago, we launched our investment platform, in which you can buy OneUP Tokens and be part of the STO (Security Token Offering) that will break all the records. So, as it couldn’t be otherwise, you need to validate your account. Therefore, we will explain, step by step, all the process you must follow, so you can have you account ready to invest.

validar cuenta oneup

What is the validation process or KYC?

According to a study by the Forrester Consulting, 39% of the companies analyzed and based in Europe, the Middle East and Africa suffered the consequences and fraudulent actions in 2016. In particular, in Spain and Italy this figure reach the 45%. In these type of cases, we can’t forget that these practices harm both the user and the company. The loss of trust appears in the blink of an eye.

This process arose from the fight against money laundering, such as money obtained from illegal practices like terrorism, organized crimes or drug trafficking. However, over time and the and the advent of the internet, this validation process has acquired another function: to avoid online fraud.

After filling out the boxes with your personal information, we know that it may seem boring to answer a questionnaire or attach several documents, but it is very necessary. Once all your data is collected, the financial institution will link all the pieces and establish your own profile.

To validate your OneUP account will only take you 2 minutes

I. The first thing you must do is to access the investment platform to create your account. Once you are inside, fill in the boxes with your data, enter your email and create a new password. It’s a piece of cake! 

validate account

2. You will receive a message, so you can verify that both your information and the email address are correct. In addition, this message will have a link that will allow you to access to the validation process of your OneUP account or KYC. This step is very important if you want to invest. Don’t forget it! However, you can always access to this document if you click on your personal profile, which appears in the upper right corner of the investment platform. Next, click on “validate account” on the menu. 

KYC account

3. The validation process of your account is divided into 6 blocks. The first four sections collect all the necessary personal information: your occupation, address, country of residence, etc. Don’t forget to fill in all the fields correctly, the personal information of block 1 and block 3 must be the same as the one that appears in your ID. 

validate account kyc

4. For the block 5, you must have at hand your ID and proof of residence. In addition, to confirm that you really are the owner of these documents you will have to take a photo. You have to take it with your best smile and holding your ID and a sheet in which the word “OneUP” is written with the date when the photo was taken

5. Finally, we have prepared some questions that will allow us to get to know you better and make sure you want to be part of this STO (Security Token Offering) that will give you a lot to talk about in these next months. 

questions KYC

If you have any question, you can always contact our support team while doing the validation process of your account (KYC). 

Once you have finished the process, we will notify you by email and you will be able to manage your OneUP Tokens and increase your investment wallet. 

What are you waiting for? Do you have 2 minutes? Validate your account and invest.