Article

How do I start using DeFi products?

July 9, 2026

To start using DeFi products, identity verification (KYC) must first be completed on your Paribu account, and then you must approve the agreement and risk statement and create your self-custody DeFi wallet. After this setup, you can use DEX.

Before you start

Identity verification (KYC) must be completed on your Paribu account.
If you do not have identity verification, you are asked to complete the KYC step first.

Complete the DeFi setup

In the Paribu app, go to the Markets page and open the DeFi area.
To use DEX, start the setup; read the information screens and continue.
Review the DeFi agreement and the risk statement, and approve them with I have read and approve.
Create your DeFi wallet with a passkey using Face ID / Touch ID.
When the setup is complete, you can start using DEX.

Info: Once you approve the agreement and risk statement, they are not requested again.

Important information

Identity verification (KYC) on Paribu is a prerequisite for access to DeFi products.
You cannot transact without creating your self-custody wallet.
If you do not approve the agreement or leave the flow midway, you can return to the previous screen without any issue.

Frequently asked questions

What happens if I do not have identity verification (KYC)?

You cannot start the DeFi setup. You are first directed to the identity verification flow; after KYC is completed on Paribu, you can continue with the setup.

What happens if I do not approve the agreement?

Without approving the agreement, the wallet is not created and you cannot transact. You can leave the flow at any time and return to the previous screen.

I left the setup midway; do I start over?

If your agreement approval was saved, you can continue from where you left off.

What are a DeFi wallet, passkey, and self-custody? — The logic behind the DeFi wallet, passkey, and self-custody
Where do I access DeFi products? — Access to DeFi products and prerequisites
How is identity verification (KYC) done? — The KYC process and identity verification steps
What are a DEX (decentralized exchange) and a liquidity pool? — The logic of a DEX and a liquidity pool (AMM)

Author:

Paribu