When setting up or verifying your KAST account, you’ll be asked to declare your country of residency. In this article, you’ll learn what “residency” means for compliance, how to choose the correct country, what documents support it, and what to do if your situation changes.
What Does “Residency” Mean on KAST?
Your residency refers to the country where you legally live, pay taxes, and hold valid proof of address. It’s not necessarily your nationality or where you were born - it’s where you currently reside and can be verified through official documentation.
What Should I Select as My Residency?
When completing your profile or KYC, always select the country where you physically live most of the time and can provide valid proof of address. This helps ensure your account complies with international regulations and prevents issues with verification, withdrawals, or transfers.
Tip: Your proof of address document (like a utility bill or bank statement) must match the country you choose as your residency.
What Documents Count as Proof of Residency?
To confirm your residency, you can submit one of the following documents:
- Recent utility bill (electricity, water, internet, or gas)
- Bank or credit card statement showing your name and address
- Government-issued correspondence such as tax or registration letters
- Rental or lease agreement with your name and current address
All documents must be dated within the last 3 months, clearly show your full name and address, and be uncropped.
What If I Recently Moved to a New Country?
If you’ve relocated, you’ll need to update your residency in KAST to reflect your new address.
Contact KAST Concierge and provide:
- Your new proof of address
- A valid government-issued ID from your new country (if applicable)
- The date you moved
Our team will review your update for compliance and let you know once the change is confirmed.
Why Does My Residency Matter?
Your residency determines the currencies, funding options, and verification (KYC) rules that apply to your account, as well as which features are available in your region. It also affects how KAST reports your transactions under international compliance laws. Selecting the wrong country may lead to verification delays or limited access to certain services.
Checklist: Before You Submit Your Residency
Before confirming your residency on KAST, make sure you’ve:
- Chosen the country where you currently live and can verify.
- Prepared a valid, recent proof of address.
- Checked that your ID and address are consistent.
- Avoided using temporary or business addresses.
- Ensured your documents are dated within the last 3 months.
- Verified that your name matches exactly across all documents.
- Used a clear, uncropped photo or scan of your proof of address.
Frequently Asked Questions
What if my documents are from another country?
You’ll need to update your residency or provide new documents that match your current address. KAST can only verify proof of address from the country where you currently live and maintain residency.
Can I use my workplace address?
You cannot use your workplace or business address as your residency. Verification requires a personal home address that reflects where you actually live.
Do I need to update my residency if I move temporarily?
Yes, you should update your residency if your stay exceeds six months or you open new financial accounts in that country. This ensures your account stays compliant and your verification remains valid.
What happens if I select the wrong residency?
Selecting the wrong country can cause your verification to fail or your account to be placed on hold. KAST may also ask for updated documents to confirm your correct location before reactivating your account.
Can I have multiple residencies on KAST?
No, KAST only supports one active residency per account to comply with financial regulations. Linking multiple countries could trigger compliance issues or restrict account access.
What if I’m a digital nomad or frequently move?
Choose the country where you spend most of your time and can reliably receive official mail. KAST needs a consistent, verifiable address to maintain compliance and ensure secure communication.