- KYC stands for ‘Know Your Customer,’ and it is a set of regulated standards used to verify identity in order to prevent criminal activity and fraud. It is something Gitcoin must comply with in order to prevent legal actions and fines.
- Another benefit of KYC is that it helps us address questions from our matching partners. Before donating matching funds, our partners want to ensure that their funds are going to legitimate grantees.
- Grantees earning more than $15k in matching funds OR in the a16z round. There is a separate KYC process for each of these.
- Grantees earning more than $15k in matching funds should look for an email from [email protected] and follow the requirements. You will need to provide the following information:
- Full Name
- Physical Address
- (Only if you’re a US Citizen) Social Security Number
- Proof of physical address (such as a utility bill, water bill, landline bill, electricity bill, internet bill, gas bill, or bank statement)
- Proof of identity (government issued ID)
- Corporation Legal Name
- Physical Address
- Proof of physical address (utility bill, or bank statement)
- Proof of Incorporation
Certain rounds may have their own specific KYC requirements and process - so far this has only been the a16z round. Grantees in that round will have received an email with more info on the specific requirements.
Yes, we have created a new system for GR15 therefore you will need to complete KYC again for this for the new system.
It typically takes 2-5 business days to verify you met the requirements for Gitcoin’s KYC process. Once you’ve met the KYC requirements, you will receive a notification to claim your matching funds
- Yes, when fulfilling Gitcoin’s KYC requirements, your information will be entered into a software tool we use to verify identity and only be made available to a select number of people at Gitcoin. No one else.
- We do however share with funding partners the status/outcome (not the details) of that KYC process. This helps partners confirm someone they are funding is not on a sanctions list.
Gitcoin must abide by the legal restrictions of the jurisdictions we are registered in. Certain round sponsors may also have their own requirements based on their jurisdiction. We believe in privacy but must follow applicable laws.