Ehm, I never do that for exchange, I will stop when they start ask the docs for verification, but I did it in forex.
Topic: Are you ready to send your IDs to verify an account on a bitcoin Exchange - page 2. (Read 2339 times)
January 30, 2015, 09:39:35 AM
January 30, 2015, 09:29:23 AM
I would rather patrol the streets naked as God made me than to send some company a picture of my ID. Not only that method of verification is utterly flawed, it's incredibly stupid and risky if they get compromised, which they eventually will be.
January 30, 2015, 09:21:58 AM
But how do you deposit money on those exchanges, that dont ask for verification? Eventually bank transfer option wont be available in such case
January 30, 2015, 08:05:12 AM
With the right exchange (for example https://BIT-X.com which is a trademark of XBIT Ltd., a licensed Forex participant) there is minimal risk by sending necessary verification documents to be able to use the exchange fully.
January 30, 2015, 07:48:52 AM
No, I don't trust those exchanges with my ID. What will happen is someday they will claim they were hacked and user data got stolen and then one day you'll come to know that your ID was used for some illegal trade or worse and then you're proper fucked.
January 30, 2015, 07:34:43 AM
I did some years ago, but I've realized that it was a stupid thing to do. They all get hacked or turn rogue, and then they can use it to steal your identity.
January 30, 2015, 06:29:27 AM
no , i dont
i idont want share my special info to a lot of web site..
and it will not safe for investor
i idont want share my special info to a lot of web site..
and it will not safe for investor
January 30, 2015, 06:06:56 AM
Obviously different exchanges got different rules regarding account verification. For instance Bitstamp wont let you trade at all without submitting lots of docs. On the other hand there are some exchanges like btc-e.com or indacoin.com that let you sell bitcoins and withdraw USD without any verification. Whats your attitude? Are you ready to send you passport copies and utility bills to verify the account? Why?
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