KYC reduces fraud while keeping sensitive handling strict and minimal. Here is exactly what we keep and what we throw away.
KYC sits at the boundary between trust and friction. We turned it on for owners earlier this year because the fraud pattern got specific enough that we could measure the lift.
## What we check
Every new owner submits a government ID, a selfie, and a country of residence. The ID provider verifies authenticity and matches the selfie to the document. We get a pass or fail signal — not the underlying data.
## What we keep
We retain the hash of the ID number, the verification status, the country code, and the timestamps. We do not store the front or back of the document on our servers. The selfie lives in a private bucket and is purged after thirty days.
## What we will never do
We do not sell verification data. We do not share it with third parties outside of compliance requests with a valid court order. We do not use it for anything beyond fraud prevention on this platform.
If you have questions about your record, email trust@seatkin and we will walk you through it.