In most cases, no, you won't have to undergo the KYC process again if you're fully verified with no open KYC
steps. Your existing verification status will be transferred to Kraken, making the transition smooth.
However, there are a couple of scenarios where you might need to provide some additional information:
Scenario 1: If your account balance is less than 50,000 EUR (AUM)
If your account balance is less than 50,000 EUR and you agree to our updated Terms of Service (ToS),
Customer Risk Assessment (CRA), and provide strong privacy consent, you can start trading right away. But,
you'll need to refresh your ID document and Liveness (a way to verify your identity) within the first 60 days
after migration. This is a simple step to ensure your account is secure and compliant.
Scenario 2: If your account balance is more than 50,000 EUR (AUM)
If your account balance is more than 50,000 EUR, you'll need to complete a few extra steps before you can
start trading. You'll need to agree to our updated ToS, complete a CRA, and pass an ID and Liveness check.
This is an additional security measure to protect your account.
In summary, if you're fully verified and have no open KYC steps, you won't need to undergo the KYC process
again. But, depending on your account balance, you might need to provide some additional information to
ensure your account is secure and compliant.