Bitgold is asking for your informations like cell phone, government ID etc. It should be legit and run long.
or they're just data mining. how do they store your sensible data? Is it secure? what government can step in?
bit-x also ask for kyc details so what ?
its normal now days KYC details for trading online specially for gold trading
please allow me to ask again; how is the data secured? who has access to it? what governments could potentially get access to it?
I understand the need of KYC, but that won't protect you in case your data is leaked or leaked due to human errors or missing security.