We thought we would play around with a bit of an idea for basic KYC integration in the crypto space by pinging account information from other exchanges. The first exchange we chose to explore was Coinbase, which is an exchange who does extensive KYC before users are allowed to most of its functionality.

The general idea is to grant our Coinbase app privileges to send 0.001 Ether to the users injected MetaMask browser address and view their basic Coinbase account details to ensure they are a verified user. This should not be used as the main KYC component in the platform, and is only a proof of concept that could potentially allow users certain features that are limited.

Such integration would ease the user registration process and allow it to be fractionally legally compliant (however, this is an assumption that needs clarification). The whole process is very similar to other applications that grant access to the user’s Facebook account information to complete registration. We feel it is unnecessary to make users re-enter their personal information if that can be accessible via other means.