# KYC

## Why KYC/KYB on Ethernodes.io?

* [x] Ethernodes.io is a solution created by AlphaGrowth S.L, **registered in Spain as a cryptoasset custodian provider**.

{% hint style="info" %}
Registration in the Bank of Spain: **COD. D722**
{% endhint %}

* [x] As custodians of your Ethereum tokens, we must complete a process of analyzing the origin of funds deposited in our protocol. This is a process that we take very seriously, as it offers a layer of security and peace of mind for both our client and ourselves.<br>
* [x] Any user can register on Ethernodes.io, although only a user who satisfactorily completes the KYC/KYB process will be able to make deposits.

> Any deposit received directly into the deposit wallet from an unverified client:
>
> * If the KYC process is underway, it will be blocked for a maximum of 7 days. If verification has not been completed within this period, the funds will be returned to the same wallet that originally made the deposit.
> * In the event that there is no KYC process initiated, the funds will be returned to the wallet that originally made the deposit within a period of 24-72 hours.

> Any deposit received from a wallet/address that has not previously been validated by the compliance team will be automatically returned to the same wallet/address of origin, even if the user has completed the KYC.

## What type of information is requested?

We will request all the information necessary to guarantee that the **origin** of the deposited funds is **legit**. This information may vary depending on:

* Amount of funds deposited (aggregated by user and deposit wallet)
* Natural/legal person
* Source of funds

The first information we will request from you will be the following:

<details>

<summary>Natural Person</summary>

* DNI/NIE/Passport
* Location and proof of residence
* Origin of funds (Savings, investment, inheritance, etc.)
* Wallet / Address from which deposits will be made

</details>

<details>

<summary>Legal Person</summary>

* NIF
* Tax address and proof of residence
* Article of incorporation
* Real ownership certificate
* Shareholder structure composition
* Partner Identification&#x20;
* Wallet / Address from which deposits will be made

</details>

The data provided will be managed by an independent third party, an expert in Anti-Money Laundering processes, and may require all information deemed appropriate to establish the legitimate origin of the funds.

## How do I start the KYC/KYB process??

You will only be able to make deposits on Ethernodes.io once your user has passed the KYC process.

In the "Your data" tab, you can see the validation status of your user:

* *Pending*: you must start the KYC process
* *In process*: you have started the process. The Compliance team will contact you to request all the necessary information
* *Completed*: Your user has been validated and you can now make your deposits!

- [x] You can start the process by accessing "My Info" tab and clicking on the "*Pending*" KYC status, or by clicking on "New Deposits", in case you have not started the KYC process yet.

<figure><img src="https://898315414-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F0jBxWtQKEcPWOBbvzFp3%2Fuploads%2Fe5F0CHdKQqUpoSozChyL%2FInitial%20Screen%202%20con%20KYC%20pending.png?alt=media&#x26;token=2ba92a7a-f588-41e6-b851-d9e60576028e" alt=""><figcaption></figcaption></figure>

* [x] The following confirmation text will appear and the status will change to "*In process*"

<figure><img src="https://898315414-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F0jBxWtQKEcPWOBbvzFp3%2Fuploads%2FLHOxIaXjD7y8I0yTuYm7%2FKYC%20started.png?alt=media&#x26;token=29d09333-61e8-4e7f-88d4-98ad19c9baaf" alt=""><figcaption></figcaption></figure>

<figure><img src="https://898315414-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F0jBxWtQKEcPWOBbvzFp3%2Fuploads%2FWbzQBDT6Wrcu58HHa18K%2FKYC%20in%20process.png?alt=media&#x26;token=d4c7a4e5-6db3-41fe-8033-b58d0b68c355" alt=""><figcaption></figcaption></figure>

* [x] Once the Compliance team validates the user, it will appear as "*Completed*"

<figure><img src="https://898315414-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F0jBxWtQKEcPWOBbvzFp3%2Fuploads%2F3bLTxE0BUtbIOwKOUuLI%2FKYC%20completed.png?alt=media&#x26;token=2e58b19b-8f8e-43ff-a62d-49ddb6b82352" alt=""><figcaption></figcaption></figure>

* [x] Our compliance team has to validate the wallets/addresses from which you make deposits. This means that if you want to make a deposit from a wallet/address other than the initial one, you will have to request validation of it. To do this, you can use the contact form that you will find in the menu on the left. [Here ](https://docs.ethernodes.io/faqs/faqs-generales)we explain how to do it!