Understanding how to ensure Security and Compliance at Wahoo Predict

Last Update: 2024-08-19

Ensure a secure trading experience with Wahoo Predict’s KYC process. Verify your identity to protect against fraud and comply with regulations. Submit required documents easily and trade with confidence.

Time is of the essence here in today’s fast-paced online trading and investing world, and that is why we work hard to make sure the environment is safe and secure. At Wahoo Predict, our philosophy of Keeping Your Cash Safe is part of our Know Your Customer (KYC) procedures  

What is KYC?

Know Your Customer (KYC) is the process financial institutions and other companies use when gathering information on new customers to confirm their identity have been verified, and that they are in compliance with the regulations regarding factors such as fraud, money laundering, and other crimes. With us verifying the identities of our users, we protect the platform from illegal users and make it safer for traders and investors who are real. 

 Why is KYC Important?

1. Security:  With KYC in place, we can protect our users from identity theft and fraud.Onceyour passportt is authenticated, we can know with absolute certainty that your account is secure – and that only you can access it. . 
2.  
3. Policy compliance:
   In a given country, financial companies need to figure out what aspect of KYC and data regulations outlined for regulatory compliance they must adopt to run the desired business according to the market expectations, as well as to comply with international laws and regulations. That said, improving the ability to store, retrieve, and analyse data plays a key role for financial firms.   

3. Trust:Having a robust KYC process will make our users feel more secure, because this way they know that we are thorough about verifying identities. 

Document Requirements for KYC at Wahoo Predict

To complete the KYC process, we require certain documents to be submitted. Please ensure that these documents meet the following criteria:

Passport Requirements:

The only passport we can accept must contain a photo and an MRZ code (the machine-readable zone with <<<<<<<< symbols).  

General Document Requirements:

1. The  passport must be a valid government-issued photo identification.

2. The document must be valid for more than 3 months from the date of submission. 

3. The document must be in original color (not black & white or grayscale). 

4. The image must be large and clear with good resolution. 

5. The document should be at least original size; smaller copies will not be accepted. 

6. Only photos or scanned copies of the document are accepted.   

How to Submit Your Documents

To ensure a smooth verification process, please follow these steps when submitting your KYC documents:  

1. Take a Clear Photo or Scan:

Ensure the document is flat and there are no reflections or glare on it.   

Make sure all details are clearly visible and readable.

2. Upload the Document:

Visit the KYC section of your Wahoo Predict account.  

Upload the high-resolution photo or scan of your  passport.

3. Verification:

Our compliance team will review the submitted documents. 

You will be notified via email once your documents have been verified. 

Common Issues and How to Avoid Them

 To avoid delays in the verification process, please ensure that your documents meet all the specified requirements. Common issues that cause delays include: 

• Expired Documents: Ensure your  passport is valid for more than 3 months. 
•  
• Low-Resolution Images: Upload clear and high-resolution images. 
• Incomplete Submissions: Ensure all required parts of the document are visible.   
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Conclusion

Security should be one of your main purposes at Wahoo Predict. We have to understand who you are and KYC is a process that helps us to achieve these goals in a Wahoo Predict-friendly way. Our dear trader, Please make sure, you have provided the documents and passed Wahoo Predict KYC verification process.  

 By adhering to these guidelines, we can continue to build a trustworthy and secure trading environment for all our users.

Name Submission Requirements:

If you have two or more given names, please put the first one in the "First Name" box when doing KYC.

Example: 
First name: ----
ast name: ----