KYT stands for Know Your Transaction, and it is a financial business process that involves gathering transaction information. At Artstrid, we work with leading blockchain monitoring providers to ensure that no wallets that do not meet the site's requirements are blocked from transacting.

There are several reasons why a wallet may be blocked, including sanctioned wallets, blacklisted wallets, darknet wallets, wallets that have been involved in other financial crimes, and 50+ other data points. With KYT, your connected wallet is screened by the site before your payment is accepted, and the NFT is delivered.

The information we gather through KYT helps us assess the risk appetite of the platform and ensure that transactions are legitimate and legal. By using KYT, we can prevent illegal activities such as money laundering, fraud, and terrorism financing from taking place on our platform.

In short, KYT helps Artstrid assess whether the user transacting with us has ever been involved in any illegal activities. It is an important part of our commitment to providing a safe and secure platform for buying, selling, and trading NFTs.

If you have any questions about KYT or need assistance with your transactions, please contact our support team for assistance.