Keeping investors and companies safe on our platform.
Do I need a KYC check?
FIAT currency (AUD)
digital currency to FIAT
The usual questions.
What does KYC mean?
KYC checks are standard identity verification checks, and they’re mandated by Australian law. Essentially, STAX has to make sure investors are who they say they are, before allowing them to buy shares.
How do KYC checks work?
KYC checks can be done online, and the process takes about two minutes. You’ll need to fill in your STAX profile, upload a scanned copy of your driver’s license or passport, plus a photo of yourself holding proof of address. Once your KYC check has cleared, you’re free to buy shares on STAX.
Is my information secure?
Your private information is only used to complete the necessary AML/KYC checks. Nothing else. KYC checks are carried out by authorised representatives who have undergone extensive background verification training. All your details are securely transmitted to our servers, and to our verification partner, Trulio. STAX follows Australian regulations regarding the transfer and storage of private data.