KYT (Know Your Transaction)
Know Your Transaction is transaction monitoring that assesses crypto activity for sanctions, fraud, and AML risk.
- Acronym
- Know Your Transaction
- Also known as
- Know Your Transaction
KYT applies real-time and retrospective analytics to transactions, addresses, and flows. It complements KYC by evaluating activity and counterparties rather than only verifying who opened an account.
KYT tools use watchlists, clustering heuristics, exposure scoring, typology detection, travel rule metadata, and manual investigation. Results are probabilistic and can produce false positives.
Related terms
4 linkedExplore connected entries beyond the alphabetical index.
Anti-Money Laundering
→Laws and processes that aim to prevent illicit funds from being disguised as legitimate.
Block Explorer
→A website or tool for viewing blockchain data like transactions, addresses, and blocks.
Indexer
→Software that parses blockchain data into queryable databases so wallets, explorers, and apps can retrieve information quickly.
Cryptocurrency Exchange
→A cryptocurrency exchange is a platform for buying, selling, or trading digital assets through crypto or fiat markets.
All terms and definitions may update as the Cryptionary improves.
