> For the complete documentation index, see [llms.txt](https://docs.terrace.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.terrace.fi/faq/getting-started.md). # Getting Started ### **Who can open a Terrace account?** Terrace is available to investors of all types, with features designed to meet the needs of experienced traders and institutions. Some geographic restrictions may apply. ### **Do I need to be a high‑net‑worth individual or institution to use Terrace?** No. Terrace is open to investors of all levels. There are no capital requirements to use the platform. ### **Do I need to complete KYC verification in order to use Terrace?** You can create an account, deposit funds, and explore the platform without KYC. Placing a trade and withdrawing requires KYC. ### **What documents are required for identity verification (KYC/AML)?** As part of Terrace's identity verification (KYC) process, you will be asked to provide your full name, date of birth, social security number, and address. You will also be required to take a photo of a government-issued ID (such as a passport or driver’s license). ### **Why do you require KYC?** Terrace requires customers verify their identity (KYC - Know Your Customer) to protect both our customers and our platform. It helps us prevent fraud, money laundering, and other illegal activities—ensuring a safer and more compliant trading environment. KYC is also required by both our regulators and centralized counterparties. ### **Is KYC mandatory to trade or deposit?** Identity verification (KYC) is not required for depositing. However, identity verification is required to trade. We recommend completing identity verification to access the best prices, deepest liquidity, and widest selection of tokens available on Terrace. For institutions, KYC is required as part of the onboarding process. ### **How long does the onboarding process take?** For individuals, onboarding is as simple as completing the sign-up form, and depositing funds to place your first trade. Our average KYC onboarding time takes two minutes. For institutions, once all required KYC information is provided, approval typically takes a few business days for institutional entities. ### **Can I open a Terrace account as an individual?** Of course! Just head to our sign-up page ([app.terrace.fi/signup](https://app.terrace.fi/signup)) and complete the short process. You can also sign-up with a wallet. ### **Does Terrace support joint accounts?** Institutional or organization-based accounts can invite multiple users to access the platform. Unfortunately, individual accounts do not support multiple users at this time. ### **Is there a minimum deposit amount required to open a Terrace account?** Anyone can open a Terrace account without any deposit. There is no set minimum deposit amount required to trade, however your trade size must cover the cost to execute (gas, venue fees). Due to this, we have implemented a $25 minimum trade size. ### **Is Terrace available in my country?** Terrace is not available in all jurisdictions and certain products are not available in all markets. At present, Terrace is not available to users located in the EU, Brazil, Australia, Singapore, New Zealand. Perpetual contracts are not available to users located in the USA. Additionally, Terrace is not available in Russia, Cuba, Iran, North Korea, Syria, sanctioned nations, and the following regions of Ukraine: Crimea, Donetsk and Luhansk. For questions regarding other jurisdictions, please contact . ### **How do I open a Terrace account?** Go to [app.terrace.fi/signup](http://app.terrace.fi/signup) and follow the simple steps to create your Terrace account. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.terrace.fi/faq/getting-started.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.