They should not selling their customers personal data to other peoples, but in reality we don't know what happening behind them.
Or their database may can get leaked because some hackers attack their platform. Exchange security must be at 1st priority.
Topic: can exchange services sell my personal data? (Read 955 times)
If you register and use small and unreliable exchanges. Certainly your data will be sold and is very dangerous if bad guys buy it
Solution: don't use unknown exchanges because they don't care about the privacy of their users. Large exchanges has responsibility of taking their customer's data and privacy but it's up to them if they will also market it. Share or sell it to the advertisers just like what facebook is doing.
Is there any report that an exchange did this before?
If you register and use small and unreliable exchanges. Certainly your data will be sold and is very dangerous if bad guys buy it
Because the scammer created a fake exchange to lure new people to use it but it's very difficult to identify which is the real exchange site and which is not. this time there was a possibility for small and fully manipulated exchange site like p2pb2b to sell our data.
These small exchange site can't be trusted.
Its possible that exchanges can sell your data especially your KYC details can get leaked to darkweb that is why i prefer decentralized exchanges, some centralized exchanges like binance still allow users to exchange and trade without KYC with limitations so you can use binance or other exchanges like it
Exchanges that I see can sell data are those exchanges that are of low duality grade and does not have any solid profit base to back them up. Exchanges like Binance will never do such a thing because they have tried as much as possible to maintain their reputation a lot and moreover, those platform that sells data are those one that are similar to ecommerce, where they can sell to some of their business clients so that they also will be able to market their product to those people and I am referring to platforms like Facebook, Instagram, and other social media platforms, but these exchanges, I do not see exactly where they want to sell the data to or who they want to sell it too as their own business does not involve marketing much. 
If you register and use small and unreliable exchanges. Certainly your data will be sold and is very dangerous if bad guys buy it
Because the scammer created a fake exchange to lure new people to use it but it's very difficult to identify which is the real exchange site and which is not. this time there was a possibility for small and fully manipulated exchange site like p2pb2b to sell our data.
These small exchange site can't be trusted.
If you register and use small and unreliable exchanges. Certainly your data will be sold and is very dangerous if bad guys buy it
If you have suspicions of dishonesty of any exchange, you should not use it. But fees can't be the deciding factor. The above people have explained that even with a small fee, but large volumes, the exchange can earn excellent. Look at the reputation of the exchange, the reviews of people about it and based on this form your opinion.
i think your words are true, if we feel they are suspicious, we can leave them. but we cannot accuse them and suspect them without reason. we should first look at people's reviews before using the exchange.
there may be some exchanges that sell our personal data, but i still haven't seen clear evidence of that. but that does not mean we must always trust all sites and exchanges, check first before we take action to trust them.
Personally I will never submit my data to even a big exchange but without proper regulation let alone newly created exchange with not userbase.
Hello! What is an average fee you pay to crypto exchanger? I use changelly and pay just 0.25% and I think this is pretty weird. How do they make money? Sometimes I think that they sell users data and I'm thinking to pick another exchanger.
We live in the 21st century so I think all the information is for sale. Large companies and exchanges are also doing this.
for the problem of selling personal data I think the exchange can do it because some time ago there was one exchange that offered their tokens for free to the public, it's just that this exchange was very evil because it only offered airdrops to lure people to fill in the data and then they collected the data of the victims and sell it in several marketplaces on the internet
As for the sale of personal data, you won’t earn much from it, and yes, there have been such cases (Binance, Bittrex). But I think that some employees of the exchange are trying to make money on this.
All exchanges pay for is server rental, in other words, for hosting. Therefore, in the presence of a large number of trading volumes, a figure of 0.25% with a constant turnover can bring good income.
All exchanges pay for is server rental, in other words, for hosting. Therefore, in the presence of a large number of trading volumes, a figure of 0.25% with a constant turnover can bring good income.
Its possible that exchanges can sell your data especially your KYC details can get leaked to darkweb that is why i prefer decentralized exchanges, some centralized exchanges like binance still allow users to exchange and trade without KYC with limitations so you can use binance or other exchanges like it
Hello! What is an average fee you pay to crypto exchanger? I use changelly and pay just 0.25% and I think this is pretty weird. How do they make money? Sometimes I think that they sell users data and I'm thinking to pick another exchanger.
Grab yourself a calculator and calculate that 0.25% in million places and transactions are been made every single day, still think they are making too little money? rethink pal changelly can take good care of themselves because they are making awhole lots of money every damn day
I think the exchange is progressively cautious with the user's data, in spite of the fact that it can happen to sell user data to the dim web. be that as it may, attempt to think positively, perhaps the exchange asks user data for administrative purposes or anticipates the security of tax evasion.
for the cost of 0.25%, I see the normal exchange rate pegged around that. whenever duplicated by all users and every one of the transactions there are very fantastic
for the cost of 0.25%, I see the normal exchange rate pegged around that. whenever duplicated by all users and every one of the transactions there are very fantastic
If you have suspicions of dishonesty of any exchange, you should not use it. But fees can't be the deciding factor. The above people have explained that even with a small fee, but large volumes, the exchange can earn excellent. Look at the reputation of the exchange, the reviews of people about it and based on this form your opinion.
i think your words are true, if we feel they are suspicious, we can leave them. but we cannot accuse them and suspect them without reason. we should first look at people's reviews before using the exchange.
there may be some exchanges that sell our personal data, but i still haven't seen clear evidence of that. but that does not mean we must always trust all sites and exchanges, check first before we take action to trust them.
If you have suspicions of dishonesty of any exchange, you should not use it. But fees can't be the deciding factor. The above people have explained that even with a small fee, but large volumes, the exchange can earn excellent. Look at the reputation of the exchange, the reviews of people about it and based on this form your opinion.
A lot of exchanges sell user data, which is terrible
AS long as they hold your KYC or any documents from you they can.
Though it is illegal but how sure we are that they are not doing that?
As long as possible i am not giving away any infromation to any team or website.
Though it is illegal but how sure we are that they are not doing that?
As long as possible i am not giving away any infromation to any team or website.
Hello! What is an average fee you pay to crypto exchanger? I use changelly and pay just 0.25% and I think this is pretty weird. How do they make money? Sometimes I think that they sell users data and I'm thinking to pick another exchanger.
An Exchange lives from a lot of users and a lot of trades, not only one user. Just do the math and calculate 0.25% x 10000 trades.
Exchanges also make money by listing fees, your personal datas can be sold by every company and the point that an exchange charges low fees isn't an indicator that they sell your datas to make additional money. exchanges have a lot of competitors, they have to charge low fees to gain users. 
Possible it is yes, there are crypto exchanges not to be trusted. Most especially those crypto exchanges that newly launched and don't have enough trust. Avoid those IEO/CEO projects that required KYC verification because they are not safe if they are going to be successful or not. Nevertheless, as much as you can avoid passing KYC then do it. Unless they had built a good brand name that deserves to be trusted.
It is possible for an exchanger to sell its customer data because many exchangers are established in countries without clear regulations. It's best if we avoid exchangers like this because our documents will be sold but it would be better if many countries regulate exchangers and the cryptocurrency market for the safety of customer funds and documents
Possible it is yes, there are crypto exchanges not to be trusted. Most especially those crypto exchanges that newly launched and don't have enough trust. Avoid those IEO/CEO projects that required KYC verification because they are not safe if they are going to be successful or not. Nevertheless, as much as you can avoid passing KYC then do it. Unless they had built a good brand name that deserves to be trusted.
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