Topic: Forget about exchanger search! Use BestChange! - page 13. (Read 13341 times)

how reliable is this verification method?
in the case of credit card verification, complete KYC is mandatory, right? Otherwise, a stolen card can be verified very easily.
allowing editing due to blurring of the expiring date opens up the possibility of manipulation for someone with skills in photoshop for example.

💳 Why is card verification in an exchanger required?

BestChange always tries to warn users if some exchangers request verification of a bank card. This is marked as a green circle sign with a schematic card next to the name of the exchanger.

What data is required:
- Card number (or, at least, the first and the last four digits).
- Name of the cardholder.
- A photo of the card with the exchanger’s website or its URL in the background.

Card verification is required to confirm that you own the card to make life harder for fraudsters that use the payment assets of others.

How SAFE is it?

This data can be transferred confidently, and they will not give potential scammers any benefit even if something happens to the exchanger.
However, you need to blur the expiry date and the CVC code on the card if it is written on the same side. You don’t have to provide the back side of the card.

Exchange at lucrative rates at BestChange.com

What exchange directions are there on BestChange?

Our monitor aggregates information from over two hundred reliable exchangers which support thousands of payment directions. Among them, there are both standard and very rare ones. We are confident that any user with the help of BestChange will be able to find an exchange way according to their needs, and if not, you can always use an additional option of “Double exchange”.

Payment methods options and their examples:

- Cryptocurrencies (Bitcoin, Ethereum, Cardano, Tether).

- Electronic payment systems (Yoo Money, QIWI, WebMoney, Payeer).

- Cryptocurrency exchange codes (EXMO, Binance, Kuna).

- Banks (Sberbank, Tinkoff, Privat 24) and cards Visa/MasterCard of any banks.

- Money transfers (Western Union, Golden Crown).

- Cash.

It is convenient to use the “Popular” tab — it contains the most popular destinations at the moment, and you can select the one you need in one click. The indicator of the dynamics of the popularity of the exchange means how much this indicator has increased or decreased over the past 24 hours.

On the website BestChange, you can find a pleasant function — a bitcoin-faucet. If you “play” with it, you can receive satoshis to your wallet. The wallet is completely safe, it does not have ads and it does not redirect to other sites.

A quick instruction on how to use it:
- On the buttom on the left of the page, under the section of payment directions, you can easily find information about the BTC-faucet.
- Then you enter the address of your crypto wallet and solve captcha.
- Then you need to click the button “Claim free bitcoins”; afterwards to the ballance pegged to your wallet, from 1 to 100 satoshi will be credited. The next attempt can be made in 60 minutes.
- After you collect 1000 satoshi, you can withdraw them to your wallet.

We are happy to support this function and do not ask anything in return!
Visit BestChange

We do not keep in our rating exchangers with open financial claims. But while the issue is being examined, if there is no threat to the others, it can keep working. However, if the risks of deceiving other users exist, we exclude this exchanger from the rating.

If we speak about the preventing effect of deceiving users, the risk of losing access to the millions of visitors of our website remains a sufficient factor for the majority to prevent crimes from their side.


As for the promotional activities of the exchangers, these are not forbidden by our rules. Such activities cannot harm users. We do not forbid them and track only fake and made-up stories in the reviews; if real people make real exchanges and have real experiences, there is nothing bad if they are additionally stimulated to make a review about their positive experience. The specifics of human behaviour are such that without additional stimuli, we rarely provide feedback if everything went well and only write complaints when something happens.

What happens if the exchanger ignores it? Would it turn into red and affect their rating/review counter?

---

BTW, last month I wanted to ask you about a "specific case", but while I was waiting for them to respond, I completely forgot the whole case until I read your post, so I was wondering what happens to exchangers that run such contests to inflate their ratings and climb the "ladder"?

💬 Are reviews on BestChange real?

Let’s talk about where it’s best to look for reviews about exchangers. The website of an exchanger is no good for this purpose — there is a possibility that negative reviews are simply deleted there. It’s best to study independent third-party sites. Information on various forums and social networks can also be unreliable: good reviews are easy to buy, and bad ones are also bought — but by competitors.

So, why Its’ recommended checking reviews specifically on BestChange:

- The creator of the review must confirm it by email, so the possibility of fake automated reviews is excluded.

- Negative reviews are made into claims, to lift which the exchanger must solve the problem and notify the user about it.

-The content of all reviews is checked to make sure there is no speculations and slander in them. Reviews of advertising nature are not allowed.

Don’t forget to write reviews about exchangers you use yourself. This is an invaluable help to other users, especially when it comes to a service that has recently appeared on BestChange.

Why does exchange rate float?

When selecting an exchanger on our website, always pay attention to the mark “This exchanger does not fix the rate at the moment of order creation.” It will mean the following:

- The selected currency pair is very volatile. It is exactly then the exchanger sets a small term of the order or a maximally allowed percent of deviation in order to protect itself from the risk of sharp fluctuations in the exchange rate.

- If the deal takes a considerable amount of time, for example, with cash. In this case, the exchanger will re-calculate the amount at the rate that takes place at the moment of the deal completion.

- We would like to clarify one moment when exchangers set a certaine time limit for the rate fixing. If the order has not been paid within this timeframe, then the fixing is cancelled. Also, sometimes the rate is reviewed only after considerable change of the market rate of the currency.

Visit the website to find the most favorable exchange rate on BestChange.com

https://www.bestchange.com

This is a good point, but as long as there is no way to verify your identity without providing confidential information to each of the services, you have to provide KYC documents to each exchanger separately, same was to each bank separately.

Perhaps, in the future there will be developed a sole verification operator which will be able to act as a mediator, confirming your identity without transferring your personal data to the third party but simply saying, “he is he”. But so long as this product is not implemented, we have to work with what we have.

That's still not a reason to hand over KYC documents to many different websites. It's the opposite: share it as little as possible.
I'm not hiding from my bank, nor from my government. I'm hiding from the rest of the internet.

Of course, and this is right. If you pay in bitcoin for goods and services, most often, you won’t be asked to go through KYC-procedures. But if you transfer bitcoin into fiat, exactly at this moment, at the “point of entry”, they are obliged to ask for your data. Here is your choice, either to day in the “world of blockchain” or to go to fiat, but disclose your data.

We don’t see a problem here. We wrote about it higher up.


In order to withdraw pseudo-anonymous bitcoin to the bank card, to open which you told everything about your life? If you don’t buy for cash, we have bad news for you — if somebody gets interested in you, you will be traced by your account details without additional verifications.

I'm not worried about someone using my bank account to order a plane ticket, they'll get caught at the airport.
If, however, someone uses my bank account to buy Bitcoin, the money is gone.
Ordering food or many other items doesn't require any of my documents. I pay, and they ship my order to the address I gave them. That's much less of a privacy invasion than foreign entities that ask for documents without even sharing their own identity.

My computer can't even access social media

I'm still using instant exchangers without KYC, and that works just fine.

I pay with cash most of the times including for food deliveries and anything else, and nobody can ''hack'' my cash payment anywhere.
Only time I buy something with digital fiat money is when I buy stuff from online from other countries and continents.

Sure there is alternative, I can pay anyone with cash or bitcoin without any KYC crap, and there will be no trace who made payments.
KYC leaks on fiat bankster system is  happening much less, but don't you watch they are trying to announce global cyber attacks for some time, so I don't see why would I defend this system in any way.

Not if they don't know identity that is connected with addresses I used, or if I am like CZ kissing ass to regulators.

They won't come for anyone if KYC verification is not done, and I didn't say we should close our eyes, but we shouldn't openly support this narrative.

I gave you one working alternative people use now, but you decided to close your eyes, and made up some excuses, like it's not really decentralized etc.

Do you have a bank account or do you use exclusively cash? Don’t you fly by plane? Don’t you order food delivery etc.? Why do you have such a biased attitude to KYC from crypto projects, although statistically there are more data leaks in other businesses, including from banks themselves or their partners. Not to mention social media and services.

Data leaks of the passed KYC procedures are terrible! But what can you offer as an alternative? “Nothing" is not an answer, it is an unrealizable dream. Today it is the basis of the modern economy. So far, they have not come up with another way to evaluate confidence in counterparties; to say that "we will not go through KYC, because Satoshi Nakomoto bequeathed it to us", these are stupid things or reasoning of young maximalists.


We spoke not about “dirty” bitcoins but about a “dirty” transfer of fiat currency. Although the problem of “dirt” is relevant for both ecosystems. But in the world of fiat currencies, it’s easier to prove your non-participation in a conditional bank robbery, even if you paid with marked bills. In the world of blockchain, you will be blamed for all the crimes that the coin that came to the exchange from your wallet managed to get into.

This is a problem, and it needs to be solved. Ignoring strategy is a stupid one. When the officers of the secret service come to you, it will no longer be possible to close your eyes with your hands and say "There is no ''clean'' and ''dirty'' Bitcoin" so that they simply dissolve.

You criticize existing practices but do not propose a solution except to ignore laws because "crypto is above the law." This does not benefit the community and does not bring us closer to the protected alternative to the outdated KYC.

That's even more reason not to go through KYC. A criminal who gains access could use your own bank account and your own exchange account to buy Bitcoin and disappear.

Bisq is the only real decentralized exchange, because you must download open source software and install it on your computer, there is no middle-man and servers.
This means you can use it for exchanging with other people p2p, and deposit

There is no ''clean'' and ''dirty'' Bitcoin on Bisq, all Bitcoin is equal.
Can you guarantee that FBI or Russian FSB won't break in someone doors using exchangers listed on Best Change website?
This was never reported to happen with Bisq and you can always choose how you want to receive fiat money, face to face cash or something else.

Nobody is forcing you to exchange Bitcoin with fiat money, but Bisq offers freedom to choose whatever you want.

What is a card verification and what’s it for?

The BestChange monitor tries to warn users if this or that exchanger requests verification of a bank card. This demand is not a frequent one, but still, pay attention to it if it is important for you. It’s easy to notice it — a round green mark with a schematic card next to the name of the exchanger.

The card verification is needed to confirm that you are its owner and complicate the life of fraudsters who use other people’s means of payment.

What data you need to provide:

🔑 Card number (at least, the first and the last four digits).

🔑 The name of the holder.

🔑 The photo of the card with the exchanger website or a paper with its URL on the background.

Is it safe? You can send the specified data without worries, they will not give potential fraudsters any benefit, even if they get hold of the photo (for example, in case the exchanger is hacked). You must cover the expiration date of the card and the CVC code on the photo, if it is indicated on the same side as the number, like cards from YooMoney. You don’t need to show the other side of the card.

The duration of the card verification depends on the business of the operators. Usually, it happens during one day.

Thank you for the information about an interesting project, it’s embarrassing, but we haven’t heard specifically about Bisq in the context of DEX. A quick acquaintance with the project showed that they, unlike most DEX, work with fiat currencies. It turns out they are rather not a decentralized exchanger, but rather a decentralized p2p platform? Then the question of trust between knots emerges once again.

Let’s suggest that the system of transfer conformation can be implemented technically in this or that way, but what to do with accessing the safety of fiat transactions? What guarantees are there that the FBI won’t break in my door tomorrow because I received a transfer on my card from a drug dealer or kidnapper who decided to exchange dirty money for clean bitcoin through a conditional Bisq that asks no questions?

We will still keep our opinion that the world of decentralized cryptocurrencies and the world of fiat are two different ecosystems; each has its own rules, norms, risks and procedures. These two different worlds must exist separately from each other and cross only when absolutely necessary. And if a person would want to transfer assets from one ecosystem to another, then they will have to give up "on the threshold" of all the features of the previous system. That is, if fiat is being transferred to cryptocurrencies, you need to forget about governmental legal and financial protection; if cryptocurrencies are being transferred to fiat, you need to forget about anonymity and no censorship.

And trying to transfer the principles of decentralization into the world of fiat currencies is a rather utopian idea of romantics with youthful maximalism and not our "bright future". It is better to develop alternative economics rather than teach bankers to keep our personal data correctly. We would be happy to buy everything only for cryptocurrency had the business in the whole world allowed us to do so!

Undoubtedly, KYC is evil and the crypto community hates it. Me included.

But if you look from the other side. How can exchange service admins organize their work in such a way that there is no fraud and deceit? For example, buying crypto with stolen bank cards.

How would you react if your card details (or close relatives and friends) were stolen and used to buy crypto on the p2p trading alternatives and decentralized exchanges like Bisq that don't have any KYC verification procedures? I don't know if there is any protection against this on platforms like Bisq.

There are p2p trading alternatives and decentralized exchanges like Bisq that don't have any KYC verification procedures.
I understand that running big centralized exchanges like Binance and others is almost impossible nowadays without some kind of KYC, but look what happened with FTX and similar examples.
Documents leaked from ''safu'' Binance, coins got seized from ''trusted'' FTX and who knows what else is happening behind the scenes.