Topic: Bitcoin and crypto currencies are getting dangerous - page 3. (Read 863 times)
That actually depends on the exchange since some old exchanges does not require KYC before and its users are allowed to trade whenever they want. What's actually scary are the new exchanges that allow KYC since they are not yet known and they are forcing their way by using campaigns to have users register on them. We just need to depend on our own decisions since we are the one's who are giving our personal information.
KYC has become s standard and it's not a novelty anymore. People often have negative attitude towards KYC not realizing that is for their own protection. In that case they often point out their privacy thinking it's endangered and on the other hand they reveal all sort of their private data all around internet and social networks. So, it doesn't make much sense.
KYC is not for the protection of individuals or the customers of the exchanges, it is for the protection of the exchange operators that the funds coming to their wallets aren't involved in money laundering, can you give me an example of how KYC will help you in your life in cryptocurrencies, I guess there isn't any use case for consumer protection of KYC that the exchange does. If you complete your KYC and then your account gets hacked or the exchange gets hacked then there is no way they would prioritise you over other people and the funds won't ever come back to your account, no matter whether you have done the KYC or not. 
I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.
Bitcoin is till decentralized for me if you subject yourself to the regulations of this exchanges then you surrender your freedom not Bitcoin, there are hundreds of ways to trade without compromising your privacy you can trade peer to peer use a reputable mixer, you can still use these exchanges and not surrendering your privacy there's a way you can also create your own system, use your imagination.
KYC is only required to comply with regulations and is harmless if used on proper exchanges,
and it is natural that KYC is needed to control the exchange of each individual, maybe in every country there are rules for every citizen when exchanging Bitcoin for Fiat money and other cryptocurrencies,
and it is natural that KYC is needed to control the exchange of each individual, maybe in every country there are rules for every citizen when exchanging Bitcoin for Fiat money and other cryptocurrencies,
KYC has become s standard and it's not a novelty anymore. People often have negative attitude towards KYC not realizing that is for their own protection. In that case they often point out their privacy thinking it's endangered and on the other hand they reveal all sort of their private data all around internet and social networks. So, it doesn't make much sense.
I understand that you are worried about your privacy and that is also our main concern here. But we still believe that there is an option to keep our privacy at all costs. There is a reason why many sites require KYC for all registrants but it was your option as well if you make it or just leave it. Mostly centralized exchanges did that but there are decentralized exchanges that could save us for that.
Well, all it matters to you, I don't think we should need to keep anonymous all the time and forever, and afraid of doing KYC. Besides, doing KYC isn't hard thing to do or being afraid of losing our privacy, I didn't find it wrong if I only give it to trusted exchanges, not in phishing sites.
Well, all it matters to you, I don't think we should need to keep anonymous all the time and forever, and afraid of doing KYC. Besides, doing KYC isn't hard thing to do or being afraid of losing our privacy, I didn't find it wrong if I only give it to trusted exchanges, not in phishing sites.
You can Use DEX if you want to avoid the kyc system on Centralized exchange . I think centralized exchange collect user kyc to make secure the transaction level .If you think its making trouble you, you can use easily the DEX .
Op should know that there are other exchange does not impose on having a kyc. Not all exchange requires users to provide personal document just to use their services. So we still have the freedom on using the exchange just like dex which you mention and also binance. Eventually, all exchanges will require proof of identity if the amount of turnover exceeds some set General limit. This is a normal scheme that would protect both yourself and the exchange, where you may have more than ten thousand dollars that you do not want to lose because of scammers.
You can Use DEX if you want to avoid the kyc system on Centralized exchange . I think centralized exchange collect user kyc to make secure the transaction level .If you think its making trouble you, you can use easily the DEX .
Op should know that there are other exchange does not impose on having a kyc. Not all exchange requires users to provide personal document just to use their services. So we still have the freedom on using the exchange just like dex which you mention and also binance. I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.
The main problem is scammers who use a lot of accounts and do not allow honest people to earn good money. Good and honest. I believe that this is the right strategy as companies do not receive their HYIP and consequently attract new investments. For us, this may not be so obvious, but the problem exists and KYC is the solution.
You can Use DEX if you want to avoid the kyc system on Centralized exchange . I think centralized exchange collect user kyc to make secure the transaction level .If you think its making trouble you, you can use easily the DEX .
KYC is only required to comply with regulations and is harmless if used on proper exchanges,
and it is natural that KYC is needed to control the exchange of each individual, maybe in every country there are rules for every citizen when exchanging Bitcoin for Fiat money and other cryptocurrencies,
and it is natural that KYC is needed to control the exchange of each individual, maybe in every country there are rules for every citizen when exchanging Bitcoin for Fiat money and other cryptocurrencies,
That's the price of adoption. Every government want to control money flows. Sure, there will be even more kyc & aml & tracking in the future
As they says it, it is a choice.
If you want to, you can use their service; if you don't want to have any KYCs then you could use other decentralized cryptocurrencies' exchange for that. In our country, if we really want to use our Bitcoins then we can have some choices but the best choice there is a local exchange with KYC since most of the things I usually pay bills using Btc are there.
That's the price of adoption. Every government want to control money flows. Sure, there will be even more kyc & aml & tracking in the future
this method may be done to prevent scammers, so that they cannot withdraw funds from their theft, but did you know that you don't have to do KYC, for example in Binance you don't need to do KYC but you are limited to daily withdrawals of around 2 BTC, I guess if small players are not a problem, are you a whale who always withdraws above 2 BTC or more so that KYC worries you, I just see it's a formality to comply with the rules, there is one project where this project might develop to replace future KYC system, pay attention to my signature
Being exposed doesn't put you on a dangerous place, not unless you used bitcoin to some suspicious transactions.
if the exchange is geniune but if the exchange is also suspicious , they wont care with whatever you do because they are going to sell your kyc anyways but lets not be like that . dont do activities that are inapropriate so that you will live in a peaceful way , no need to hide , no doubts whatsoever . people use dex but this doesnt mean they are suspicious but theres only coins that works better if traded on this kind of exchange. 
Being anonymous on a centralized exchange or any project is not possible, because they are regulated and they have to comply all the necessary information so they can still operate legally. Don't worry, bitcoin is still decentralized and no once can literally control bitcoin. If you are afraid with your personal details being exposed, they start using DEX and trade anonymously. Being exposed doesn't put you on a dangerous place, not unless you used bitcoin to some suspicious transactions.
there are ways to prevent being anonymous so there is no way how could Bitcoin become dangerous?maybe OP need to learn more about how and what Bitcoin and crypto is all about.
Cryptiplier is crypto currency related website. This is a very userfriendly website to trade crypto currencty.
Ohh yeah says by the account that created just to make this post.
Cryptiplier is crypto currency related website. This is a very userfriendly website to trade crypto currencty.
Being anonymous on a centralized exchange or any project is not possible, because they are regulated and they have to comply all the necessary information so they can still operate legally. Don't worry, bitcoin is still decentralized and no once can literally control bitcoin. If you are afraid with your personal details being exposed, they start using DEX and trade anonymously. Being exposed doesn't put you on a dangerous place, not unless you used bitcoin to some suspicious transactions.
KYC is an option for you, whether you want to use services with KYC implementation or not. Several exchange platforms like Binance which is the biggest exchange are currently implementing KYC to get to know their customers well. There are several exchanges that do not implement KYC, but with a higher risk of losing assets because there will be no collateral. Freedom in cryptocurrency is indeed an option for everyone. You can use the DEX exchange to sell your crypto assets without the need for KYC. KYC is only a regulation that is established to keep assets safe.
you are confusing bitcoin with centralized services.
bitcoin is the same way as it has ever been regarding the level of privacy and freedom it provides. but when you decide to use a centralized service with this decentralized currency then obviously you are subjecting yourself with all the rules that centralized service forces on you.
if you don't like that then don't use them!
bitcoin is the same way as it has ever been regarding the level of privacy and freedom it provides. but when you decide to use a centralized service with this decentralized currency then obviously you are subjecting yourself with all the rules that centralized service forces on you.
if you don't like that then don't use them!
And to add here, why using centralized services is dangerous? If you have nothing to hide and just a regular crypto user, it is normal for these centralized platforms to ask KYC because it is part of their license. Now, if you don't want to use this service, you can opt to p2p platforms but you should be ready with the risk involved. Converting your crypto to fiat usually entails submitting your kyc doc, whether via remittance center or local exchange, so you really can't avoid this step. But one thing you can avoid is submitting your docs to scrupulous websites..
KYC has nothing to do with freedom.ID verification is required when you use any fiat financial service(opening a bank account,forex trading account,using services like Paypal or Skrill,etc.)
Why the crypto exchange platforms should be different?They are considered to be financial services as well,so they have to abide by the same rules as fiat financial services.
The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities.
Why the crypto exchange platforms should be different?They are considered to be financial services as well,so they have to abide by the same rules as fiat financial services.
The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities.
Exactly! If anyone has nothing to hide in authority ,should not be afraid of taking kyc and abiding the rules implemented by some exchanges in digital world which is the same rules as fiat financial services. If the Government will impose taxes one day ,then we have nothing to do but to follow.
Your privacy is a right, I know that a lot of people do not see it that way because they are willing to give their information for free to social networks about what they like, what they don't like, the persons they know, how do they look like, their hobbies, where do they live and a lot of other information including financial information, but not everyone thinks like that and I'm surprised to see that in a market that was created with the express purpose of giving you your privacy back people are so willing to part with it and defend that point of view in the forum created by the founder of cryptocurrencies.
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