Topic: Bitcoin and crypto currencies are getting dangerous (Read 863 times)

Maybe because I'm used to using a bank that has to submit documents, So when using exchanges requires KYC procedures don't
consider it dangerous. As long as the exchanges have a good security system and a good reputation, I don't mind that. Besides,
I need to convert my cryptocurrency to fiat, and transferred to my bank account, so if the exchanges enforce KYC I don't mind.

This (KYC) will lead people to resort to decentralized Exchanges, despite the high fees, but there is no other option.

I do not agree with this view, because KYC is very useful and effective, avoiding unfortunate cases of fraud. You want to trade safely and reduce the risk why not think in a better direction. Your question makes me wonder what is the danger of Bitcoin and the crypto market?

KYC doesn't help, everyone should switch to DEX because without KYC your funds will still be safe,
we know some exchanges have been hacked, and this makes cryptocurrencies even more dangerous,
but if you store them in a DEX wallet or personal wallet then you will be far away from hackers attack.

Each concentrated trade upholding for KYC, a few out of every odd trade. When another trade dispatch, at that point we bring up issues from which nation it's enrolled, is it have a permit from the public authority? However, we fail to remember that, on the off chance that a unified trade works have a place with the public authority's permit, at that point there will have a few standards guidelines, and its result is KYC. Trades probably constrained by governments to consent to guidelines to forestall falsely.

In any case, it wouldn't forestall your monetary opportunities on the off chance that you don't utilize them. It's not compulsory to exchange on trade, bitcoin wasn't fabricated only for exchange. It's a distributed decentralized digital money. All things considered, presently it's decentralized and it will remain. Issues are with incorporated trade which you would keep away from.

I'm not agree that crypto is dangerous.  KYC on exchanges should be easier, that's sure, but still - it must be. Exchanges think first of all about their credibility, legal issues and security - so they need to check their users. I do not have any problem will passing KYC and even purchasing and withdrawal crypto with USD card - I do it on cex.io and i can't say that there's something makes me feel uncomfortable

When you submit the kyc this really means you agreed on the terms and conditions of that exchange. Actually even the new website asking for the kyc is also dangerous best is to choose other legitimate exchange which proven and tested already. As what others said if op is not willing to submit personal identification he has an option not to do so. We have the freedom to choose the exchange in which we can trade our crypto.

Its not Bitcoin and Cryptocurrencies that are getting dangerous rather the new Exchange Websites that promise too much in the beginning but can always turn their backs on you once you submitted your KYC. The only reason you need to submit KYC's is when you are ready for trading. That means that you are committing yourself to trade on a daily or monthly basis since registering on an exchange for no reason is quite a waste of time.

That's it,op has know nothing about what and How crypto works thats why He can just easily says this kind of word.

Crypto is one of the helpful materials mankind has ever found.
In this pandemic more people had rely on this than Fiat alone so how come that danger comes in Bitcoin and crypto?

DEX has been around the forum now,mind enlightening me what is this all about and how does this become helpful for all crypto users.

Bitcoin continues to provide freedom, transparency, privacy and futures. As long as we don't use centralized exchanges everything will be fine.
But because I don't think I am doing illegal activities, I don't mind the government tracking my Bitcoin transactions. For KYC procedures on
centralized exchanges I also object, but that doesn't lose us any freedom. It's just that we don't have privacy anymore, but KYC is mandatory
so that the government can regulate cryptocurrency and also reduce incidents scams in the crypto world. However, if you really object to the
KYC procedure, you can use DEX as an alternative.

Traditional banks aren't the same as bitcoin exchanges, bitcoin exchanges are just like the online websites but to use it you have to submit a proove your identity, This feels as if we are being supressed by the government for using bitcoins, as a lot of gift card websites are also dealing with money and they aren't requiring any identification documents for verifying our identities and still they have right to accept the money from us, but on the same side the bitcoin exchanges who are accepting only our bitcoins and in return giving us another cryptocurrency i.e. Tether any other stable coin and still requires us to do KYC.

KYC shouldn't be seen as something dangerous because the freedom won't be here for so long, the government will definitely find their ways into implementing the "must use of KYC for both decentralization and centralization". The issue should be: watch out the types of centralize platforms that request your personal information, if they're not trustworthy then don't border about them as your information won't be secure with them.

The traditional Banks always demand personal information from it users, so will Bitcoin and other cryptocurrency platforms when the government fully implement regulations of cryptosystem.

That's right, not even all exchangers need KYC, usually KYC is used to increase withdrawal and withdrawal limits using an account
So far I have not been worried about that, exchangers are places for exchanging fiat to cryptocurrency only and we can still maintain privacy by making transactions through blockchains wallets and not using wallets on the exchange
In fact, I am not worried if there is KYC on the exhcanger because the exchanger does not have permission to publish data without the permission of the user or the person concerned unless you intend to use cryptocurrency to commit crimes such as illegal transactions, money laundering etc., it might make you worry about KYC

Well we can't completely blame it on the exchanges since we are the ones agreeing to their terms and conditions.
It's us who are chosing to do KYC for their services. There are still other platforms where KYC is not necessary to do an exchange.
You can use P2P services to do the transaction as well. But most people prefer exchanges where KYC is used because it is convenient and easy to use.
If a person can sacrifice the conveniency then he should prefer the P2P services.
So yeah it our own choice on how we proceed with our cryptocurrency on the internet.

All this is far-fetched rather than exaggerated

I want to agree however that isn't what I'm seeing right now as we go on with fully regulated coins coming from any direction plus the government's approach on cryptocurrencies nowadays is so tight. What differs from these exchanges, aside from having or having no kyc is that CEX has a middleman function providing another level of security. Now if you think that you could lose all your keys, then try to go with CEX.

Dex could be hard to handle for some users, especially for beginners since the transaction is happening through smart contracts, in short all trades are peer-to-peer.

Every user has the freedom to use the BTC or other cryptos as they want.
If you register on a centralized exchange, you know what you are getting into.
Therefore I do not understand the statement why the BTC should be dangerous.
The opposite is the case due to the increasing popularity of BTC. The BTC will help many people to live more carefree.

Cryptos is still anonymous for me.. Bitcoin is still cannot being traceable as it still impossible to do that.. It depend on what exchanges you use and where you want to use the service. Its was your issues not cryptos issues btw. You need to know what is centralized exchanges with decentralized exchanges.. It was different but still has advantage and disadvantage both of this kind exchanges. Still before you want to do any kyc thing you need to research the exchanges whether it safe or not to do kyc thing. For me i will just keep on decentralized exchanges as it safe for me but pick the exchanges that really real deal not the scam one..   

DEX is the future of crypto exchange. If you trade crypto in centralized exchange (kyc is needed there), it means you are no more in control of your own asset. You are keeping your money into their hand. Just use dex. You will have full control upon your asset. BTC is supreme in tech wise. Dont make confusion

It is not bitcoin that is becoming dangerous but rather other services that make use of bitcoin. However, we have varieties of this that make you decide what you want. Either CEX or DEX. However, people prefer using a centralized exchange that you have considered to be instilling KYC because of high liquidity and flexibility in trading. It is your choice to consider what is your top priority and avoid using services that will not offer you this.

Bitcoin has been always transparent in its terms, regulations, privacy, and freedom it offers to the community. We all know that bitcoin has a decentralize nature.

It's really up to you if you'll transact with centralized organization and abide with the rules it has set. There are cryptocurrency exhange rates that requires KYC (Know Your Customer), which needs to get some of your information and put an eye on you if you trade.

These exchangers that requires KYC provides better protection for its users if ever there are issues that are needed to be addressed. Although you're not really obligated to use a KYC exchange. That's up for your personal preference. There are still exchangers that do not use KYC and you can opt to use those if you dont want your identity to be disclosed if ever hacking happens.

At the end, it's a personal decision whether to use KYC exhangers or non-KYC exchangers and be responsible of the pros and cons as a trader.

Digital world is not that safe for us to provide our own information.
I know that we all seek for anonymity when we chose to join the cryptoworld but not all exchange requires KYC. Though putting your data may have a small risk in your private life. If you worry about that , remember that you are still free to choose exchange that has no kyc requirement. Your identity is your life.

But what about the anonymity that we are all seeking thats why we vested in this market?providing KYC will let you being vulnerable as target of many bad elements here in Internet and that is what we wanted to prevent.
Investors are willing invest their money but the problem is this KYC thing that we wanted to protect our personal details.
same thing why asking for personal details when you are only seeking for some people to invest in your project>
this is not that good thing for us cryptonians.

Yes, we are going to a society where the government can track your every step: where you are, what you are doing, what are your thoughts and so on. Having a smartphone and a laptop allows the government to know a lot about us. Through social networks, we ourselves also additionally talk about ourselves. Through payment cards and cryptocurrency with KYC, we will present all data about our financial activities. There is practically no room in us for our personal space, wherever the government pokes its nose.
 We are all so happy here that cryptocurrency is crowding out the cash of states. However, cash gave us just about the last freedom, since it did not allow us to track our actions financially.
Still, the problem of total surveillance of us exists. Let the government know everything about us? What if it uses this knowledge against ourselves?

You want to avoid kyc, use decentralized exchanges which don't require users verification. Buying Bitcoin anonymously is hard nowadays, but it's possible.

How come that this become dangerous because of KYC thing?you are over reacting and expressing your thoughts so bold.

Crypto will never be a danger for every individual specially if we know how to manage handling this,because there are mixer than can keep you anonymous for the sake of arguments.
Correct and i believe that OP has no big knowledge about crypto thats why he can say this word that easily,without even knowing that Bitcoin and crypto is a big help for everyone specially in this pandemic time.

Centralized exchanges aren't the only exchanges, and mixers aren't the only way to hide your transactions. Bitcoin ecosystem and Bitcoin network are not the same, and as long the network is decentralized and secure, there will always be a way to use it freely. The fact that we have exchanges with KYC and chainanalysis and regulations applied to Bitcoin is the consequence of freedom - people are free to use coins however they like, including storing them on exchanges and abiding to the laws. But they are also free to not do this.

Some of the platforms right now is having a KYC verification before you can use their platform and it becomes now centralized because they want to monitor who is their customer has a large amount of wallet stored and transferring funds they don't want to be included in any legal actions that's why they need to monitor bitcoin is just only the method of payment. Still, this js the bitcoin which is decentralized.


Right now there are a lot of exchanges does not require their customer to push to have KYC and this is a good thing also some of the exchange right now is allowing dummies email for verification still thus is a good thing for bring anonymous.


One of the cons of the KYC is their can possibly use the personal information of their users this can be use as the data breach this is the common issues like this from a platform having a KYC also like the social media, the common questions is how can you secure the personal information of your users.

And that is why people are actually scared of putting their personal information on the internet or in the hand of these centralized exchanges. There are a lot of options out there that don't require KYCs, why do it in a centralized exchange when you can do it in a decentralized exchange? It is not the lacking of KYC, it is the downside of using one.

We might not want to do KYC but it comes to the moment that it soon to implement across all CEX and DEX. I know how it feels bad to our side since we might lose our privacy but I'd never think it is big issues here. The most important is to minimize scamming, fraud, and any form of illegalities by imposing KYC. I understand that we never been anonymous during that time and that makes us take an option what we see is good or bad or just leave crypto at all.

This might happen to you when you make KYC at any exchanges https://thecryptosight.com/hacked-kyc-data-selling-on-darkweb/. Any possibility that might happen to all exchanges and it makes people to worried about it.

many people are worried and feel threatened because of the KYC regulations. but I think that with KYC rules it makes it easier for all matters including sending the right rewards, and also ensures that there is no misuse of assets against the wrong people. So they say if bitcoin or crypto is a danger it's not a danger but a security status

The need for KYC is to better filter the inorganic members in projects and also be accountable for the investors investing or using a particular channel that concerns finance and other financial driven transactions,this goes to reduce the danger in the space.

What do you mean that Bitcoin and other cryptocurrencies are getting dangerous? It is because of the exchanges asking or enforcing you to fill up KYC for your identity verification? Then it is on the exchange itself not on the cryptocurrencies that you have an issue. Basically you have get along into a centralized exchange so you must not be surprised that there is a KYC process for it is a needed process based on the regulations stated by the government for allowing adaption of cryptocurrency services to be running in a certain country on which it is done to prevent malicious activities to be tolerated and to keep people safe on doing transactions since centralized exchanges ask for concern and permission to operate from the government.

If you do not want to be monitored or shared any of your identities because you want to feel secured and keep your identity in private, then get into a decentralized exchanges to end up such problem but do not blame the cryptocurrency itself for asking you information because exchanges specifically centralized are just doing what is stated on the regulations to keep its users safe and why do you fear KYC if you have nothing to hide from the authorities for doing crypto transactions?

Bitcoin was leaving the trace from the very begining, blockchain alone is an opened book of transactions but this doesn't mean that bitcoin and cryptocurrencies are getting dangerous. What gives you a reason to say that? If everything you do is 100% fine and legal, then believe me, no one will seek for your transactions and do deep investigation around it, so finally you are still secured and aren't traced. But if you do illegal things, then yeah, bitcoin isn't secure cause as you see lately, a lot of people who used bitcoin for bad purposes were caught and it's not so easy to hide your bitcoins because people already learnt how to trace it.

And KYC, yeah, I don't like it too and still there are some business that offer crypto services without KYC but very limited in number. Governments request them to ask users for their KYC documents but at the same time they can't protect these sensitive information carefully and lose it multiple times (we got hacked and other blablabla).

If completing KYC is a problem for you, then you will be surprised how many people actually have possession of your personal data. Starting from banks to utility and service companies to online service providers of any kind.

Now.. of course that you should only provide your data to registered companies which actually have regulation like GDPR. But again, you have NO GUARANTEE whatsoever that the company is not selling or leaking info about yourself to third parties & you're also exposed to hackers.

As an alternative to centralized exchanges you can do P2P/OTC transactions.
Actually I know a crypto project that is working on offering cross-chain P2P transactions.

There still P2P option available.
An exchange that associates with fiat conversation from crypto must need gov permission, and you must understand while using those exchanges that you are trying to make a profit in terms of fiat, being associated with centralized system the exchanges will certainly ask you for the KYC.

KYC is useful for avoiding criminal acts due to the use of crypto, there are two things between the pros and cons. but with the KYC, many people feel safe with their assets and people will feel safe because they can avoid criminal acts

Still there are ways to buy bitcoins without completing KYC services like localcryptos which is a p2p trading platform with KYC procedure.But why we have to get afraid that much they can trace the bitcoin usage but as long as we are not doing anything which goes against the laws of your government you no need to worry, and also people who uses bitcoin for illicit purposes may not use it completely.

I guess exchanges just needed this extra requirement, to avoid a lot of issues in their exchanges. Having a lot of funds in the exchange I guess we can't blame them taking so much security and getting KYC from their users.

This day KYC is already a thing in a lot of exchanges, in the past year's exchanges don't Require KYC and you could pretty much trade in their exchanges and withdraw without any problem.

I was reading something about how to avoid scams online. One thing to avoid is KYC entirely. There are very few reasons to ever give out your KYC info. Scammers use KYC as a means to "appear" legitimate. ALl that happens is you give a criminal your info.

BTW anyone can open an exchange. You can buy a script for a few hundred $$$ then fund it with your own crypto. Or even not fund it at all and scam people. You can claim just about anything you like and demand KYC for "legal" reasons. It is just a way to prevent you from doing something.

Funny how you don't need KYC to deposit yet you need it to withdraw. The sign of a clear scam.

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 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.

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 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.

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.

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.

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,

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

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.

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.
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.

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..

And once again I got to see the I got nothing to hide argument, this is not about that this is about your rights and the huge risk that you are taking by sending your information to a bunch of people in another country that most likely are going to sell it in the black markets, and even if they do not do that they could get hacked and then your information ends up in the black markets anyway.

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.

It depends on what exchange it is, decentralized or centralized exchanges. if it is a centralized exchange surely you need to KYC in order to make certain limits of the transaction. However, if you register on the decentralized, it does not need any KYC approval. Of course, you must also consider what to choose whether the centralized and also decentralized.
In this case, it is not in the Bitcoin but in the platform itself. We may ignore the T&C if we do not register on that kind of site. So, please analyze first about the exchange to make and cash out your Bitcoin into cash.

There are still many exchanges that don't need KYC. I'll never use a KYC exchange. Let the exchange send me their KYC then I will send back mine. There many people who think like us and still want DEX exchanges. IT is not like the demand has gone away.



What a load of crap. Why are you even here? GO use fiat. I don't feel I need to tell someone who I am to use their service. What laws are you talking about? You have no idea what you are saying. Btw you don't need documents to use skrill or payeer so it just shows how little you know. Crypto doesn't abide by any rules since its not fiat. Again I asl why are you even here???

"The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities." more like the authorities have something to hide from us. Dude go to sleep. The fact you in a paying signature campaign disgusts me.

You are a joke. You talk about "hiding something" what about these places that ask for KYC why wont they give us their KYC huh??



Those two are total idiots. Saying you don care about your privacy because you have nothing to hide is like saying you dont care about freedom of speach because you have nothing to say. Why in the hell would I pay tax incrypto? Its not fiat. There is no law about it. It is not owned by the goverment.

I do not agree with your thinking because not all exchange platforms need KYC. There are many and reputable exchanges that you can choose and manage your bitcoin freely and anonymously.

According to my experience, the exchanges that have asked for KYC is because I need to make an exchange to Fiat like the local P2P exchanges. I think you need to give details of the exchanges in which you have felt invaded.

This just means that we need to go back to the roots of bitcoin if you want to retain your privacy, you can either have privacy for convenience you cannot have both, centralized exchanges offer convenience and you get access to a market in which billions of dollars are moving every day but if you want to access it then you need to accept that know your customer policies are going to be there.

If you want to retain your privacy then you need to use peer to peer trades and you need to be willing to sacrifice time and effort to make those trades but you will get your privacy back and that is invaluable.

Not all of us though are using those exchanges or maybe these services that offer KYC. These platforms may accept bitcoin but I don't think you should say that it is the entirety of bitcoin and crypto currencies. People might be forced to do KYCs since they might use them for certain purposes or maybe they have no choice since it might be the only way to use it in their country. In terms of other transactions, you can still use bitcoin anonymously.

It's not about "got nothing to hide" type thing, it's about being exposed, and never know who that KYC data might get in hands of who.

First, not every exchange is always enforcing KYC. A friend of mine has been doing some trading on Binance, and he wasn't asked for KYC yet. Moreover, local exchanges where I exchange BTC for fiat regularly have never asked for my ID. I mean, I'm sort of exposed to them because they transfer money to my bank account and thus know my name, but at least I don't have to deal with this uncomfortable 'send a photo of you holding your passport' thing. Furthermore, I agree with pooya87 that exchanges are one thing while Bitcoin is another. Nobody's forcing you to give away your identity to make Bitcoin transactions. And finally, I'm not so sure about mixers being ineffective. Of course, with the right amount of resources on behalf of the stalkers and stupidity on behalf of the users it's possible to trace BTC and link an address with an identity, but that's not the fault of Bitcoin or of mixers.
P.S. If one wants to minimize the risk of being identified, one should use a coin that gives anonymity (like Monero), not pseudonymity.

a few days ago I was trading on BitMart, the reason was because the altcoin / token I wanted to sell was on that site. after registering then I made a deposit without seeing the withdrawal limit, it turns out that to make a withdrawal a document is required for KCY, otherwise my altcoin / token will be buried there. Like it or not I have to do KYC to withdraw my funds there, but I feel fine (because I'm not a problem person). It seems like nowadays many trading sites require KYC in order for us to trade there (perhaps for regulatory reasons), so the decision is yours. If you prefer privacy, never choose a trading site that requires KYC.

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.

Oh, I really hope I have huge amount of merits for this one.
After reading the OP all I can think about is to say "stay away from it if you don't like it".
Well, pooya87 already got it covered.

The control of privacy is still on you. You decide, your choice. Why go for an exchange? I bet you have a different purpose.

If you are ready to start your journey in crypto currencies then you should be ready also to adapt their latest actions especially in asking us our KYC so we can use their platform and etc.

There are very few exchanges right now that didn't ask for KYC but I saw also that their services are not topnotch compare to the platforms that are asking for KYC. If you see that submitting your
KYC will endanger your life then you should not force yourself in doing it because no one can force us to submit our KYC if we are against to it.

Sure you're talking about CEX or centralized exchange. These exchange needs to comply with KYC and it's compulsory. So, you shouldn't be surprised If they are requiring KYC verifications.
If your primary concern is your privacy, then you can always opt to use decentralized exchange or do a peer to peer transaction when you're buying or selling Btc.
The KYC from CEX isn't a threat to your privacy and freedom, because there are still a lot of option to stay anonymous while transacting.

The cryptocurrency exchanges requesting to fullfill KYC isn't a big issue. Without cryptocurrency exchanges the market might have not got such an increased volume. For users who prefer the decentralized accessibility can make use of the decentralized exchanges. With centralized exchanges it is possible to get support when some form of error or issue happens.

So what will you do??

You are just complaining and sharing your opinions to us but you don't have any solutions to share. What will you do?? Trade on DEX yes that is what they are saying but DEX doesn't have that much liquidity compare to the centralized exchanges right now so it is still useless.

Exchanges aren't forcing you to share your information if you don't like. If you don't like sharing your information to other people then don't use their exchange. Don't use their services. Who gives a damn if you don't want to give your information to them. Freedom?? Find a place where you can buy BTC without sharing your information to them.

Yes there are some ways to buy BTC and staying anonymous at the same time but it will be harder for you to buy and sell on it. Accept it or better leave.

Then don't use website that enforces KYC. I think there's a few website who still doesn't require KYC.
I think the bad only thing in KYC is leaking your information when they website got hack. I saw some news that KYC information leak from a website. And that's alarming because it's too bad if your information use in a bad way.

If you're concerned is all about privacy just simple as that, use DEX, and avoid CEX which is required KYC/AML in each costumer.

Don't blame the cryptocurrency itself because there are too many alternative ways to hide your privacy if you're protecting it. Besides, it will not directly be linked to your personal identity, so there's nothing to worry about if this cryptocurrency will be traceable especially Bitcoin.

Time to time this will be the fact, the crypto market exchanges will be regulated by the government but not directly to the cryptocurrencies. Which impossible to regulate due to the it's decentralized kind.

Its the trade-off for the adoption we have been trying to achieved now that cryptocurrency is legalized. Its not like what is was when you can withdraw a hundred BTC without having to leave your data to them except an email use to sign up.

If you find it dangerous there are still exchanges and dex to go to but it may not really be what you expect compare to the CEX like Binance. The one that is very popular right now is uniswap.

I think it's clear by now that there's no change in bitcoin. Either you use cex or not.

On another note, you can't expect centralized services to be free from KYC. They're running a business in a country, holding millions of money each day. Any government won't let them do as they please to prevent something bad from happening, such as exit scam or the owner went missing with all of their funds. Btw, some exchanges like Bithumb Global or Binance still allows non-KYC user to use their services, mainly for crypto to crypto transactions. But don't be surprised if they play the KYC card again.

The DEX volumes have increased a lot in the past 2-3 months, showing ATHs from week to week. However, if you want to go with even less complicated, you can always use a swap engine. If you want to check one out, here is how it works in our solution. https://double-edge.net/wp-content/uploads/2020/04/How-to-trade-on-Double-Edge.pdf     - I hope nobody gets offended of me posting something from my own side, but if yes, please delete this post

So you are saying that bitcoin is getting dangerous because centralized exchanges are now asking for users to go through KYC or you think it is dangerous since exchanges are now considering it dangerous for which they now ask for KYCs? In both case you are wrong. Exchanges are asking for KYC because they are being forced to. The exchanges are centralized. If you use a centralized platform, then you will have to follow the rules. You will have to provide identification since they are regulated by the government.
You still have your freedom as long as you avoid using those central exchanges.

Every centralized exchange enforcing for KYC, not every exchange. When a new exchange launch, then we raise questions from which country its registered, is it have a license from the government? But we forget that, if a centralized exchange operates belongs to the government's license then there will have some rules regulations, and its outcome is KYC. Exchanges likely forced by governments to comply with regulations to prevent fraudulently.

However, it wouldn't prevent your financial freedoms if you do not use them. It's not mandatory to trade on an exchange, bitcoin wasn't built just for trading. It's a peer to peer decentralized cryptocurrency. Still now it's decentralized and it will remain. Problems are with centralized exchange which you would avoid.

You're technically blaming the exchanges themselves, not crypto. Heck, why are we even blaming a medium for doing something invasive towards our privacy like KYC? Mediums don't move by themselves you know, and additionally, KYC is optional in terms of you accepting the usage of that exchange. If you don't want KYC, don't use their exchanges, find some way to transact, like DEX's or Peer to peer sites.

Centralized exchanges ask for KYC mostly for security on the other hand, they just want to provide the service that people want them to have. It's a give and take. They give out quality exchanges and secure your transactions so possibilities of being hacked is minimized as much as possible, while you as a user help them do just that, by providing information. Doesn't mean that you can only use them when using BTC, there are others out there that don't require KYC.

So your worried about centralized exchanges will force his customer to submit KYC/personal information? Just don't use them and start using decentralized exchanges (e.g. bisq [1], hodl hodl [2])

IMO it's enough to answer your question, better to lock your topic 

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[1] https://bisq.network/
[2] https://hodlhodl.com/

KYC is necessary due to all kind of regulation. You wanted mass adoption, you get regulation, KYC and AML

  this is just assumptions and paranoia, No facts to support your claim.There could be a number of reason why KYC on "centralized exchanges" are reaching Forex broker levels but assuming it's main drive is mass surveillance is foolish. This seems more like an indication of how the game is maturing.

That is to be expected, once regulators steps in, KYC, monitoring and anything about user surveillance is possible since the government will monitor it for "AML".  Government regulation is the price of being adopted. Aside from that, there are few merchant that accept BTC without third party mediators. andt most of the legal shops that accept BTC always ask for customer detail for shipping their products (so there is nothing new in this case).

It is either we hold our BTC and dwell on DEX and keep our privacy or convert it to fiat and comply with government regulation thus providing KYC to centralized exchanges.  There is not much of an option.

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.

I only consider centralized exchanges viable for traders. There isn't really any DEX you can go through that lets you reliably daytrade, so it's the only remaining option. If you're willing to focus completely on privacy and freedom, then go for a DEX instead but don't be surprised if you don't see volume or offers at all. While I hoped they'd become a hype this year, unfortunately to me it looks like the opposite is actually happening.

Other stuff you might be interested in is mixers and Monero, although they're kinda starting to get unofficially "banned" every now and then on various platforms. Also, don't you think using a DEX is enough for your privacy to be improved. You probably have to change many other habits, such as using wallet addresses separately instead of linking them together through txs (address control if I remember the name correctly). And now that you have already had KYC requests, it might be a good idea to never use your old addresses again - perhaps you could start a new wallet instead, to avoid small but costly mistakes such as forgetting to use address control.

When you joined the exchange you complained about in the last thread, you accepted some terms - including KYC possible verification. Unfortunately, it's what regulations push for under silly excuses such as "the fight against illegal activity"..

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!

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.