How do I check that I myself am 'All Clear' before signing up to an CEX? - page 2.

dim_mak5

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Quote from: Helena Yu on June 26, 2024, 12:21:32 AM

If you really want to use CEX, I'd recommend if you choose centralized exchange that has FCA license https://register.fca.org.uk/s/search?predefined=CA

You can also use sites to trace whether your address contain tainted coins or not, I see that amlbot.com is free.

But, you can just use DEX or No KYC P2P if you don't want to cope KYC problem, check kycnot.me

So Bitcoin and altcoins are Non-Fungible you say? What if someone launders their crypto with a mixer or coinjoin or whatever to remove the taint?

Are DEXs really decentralized? Because I read a story of how the SEC told DEX Uniswap to delist some coins. How does a decentralized service like uniswap take and obey orders from someone Huh

Which is the best from kycnot.me? Will I be buying tainted or laundered coins from there?

dim_mak5

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Quote from: PrivacyG on June 25, 2024, 09:09:49 PM

Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

So when a User gives an CEX their ID such as passport or driving license, then from these ID's what triggers a CEX to ask further questions or what can a CEX access from what databases/records of that User to gather further background info on that user?

Some of them do a selective control of their Users. In most of the Centralized Exchanges Terms of Service, you can find that they can impose Know Your Customer at any given time they consider it is necessary. This means the Term can also be abused in many cases unfortunately. There have been many cases of abuse and you can not do much about it, considering these are Terms you sign up for.

Otherwise, I presume you fell into a group of met criteria that automatically trigger a suspicion and they have to check you out first.

Anyway. My personal thoughts, just stop using Know Your Customer enabled Exchanges. It is a very invasive Term as proven to you, so why bother with them if you can just avoid them entirely.

Is it because I am from UK?

dim_mak5

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Quote from: Catenaccio on June 25, 2024, 09:01:58 PM

Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

I signed up to crypto.com & WhiteBit, gave them my Passport as ID as requested by them. WhiteBit rejected me after review and Crypto.com rejected me too. Before I got rejected by crypto.com they emailed me these questions:

Have you ever been a party to a lawsuit & Have you ever been convicted of any crime?

I have never experienced troubles with KYC.

Questions you got are strange too and I have to ask you, did you use your own documents for KYC submission and verification?

Because, in my thinking, it is nearly impossible to receive such serious questions if you are not criminal and use your own documents. If you used a bought document for KYC, these questions are very possible.

WhiteBit is a smaller exchange than Crypto.com
https://coinmarketcap.com/rankings/exchanges/

If you got these questions from only one exchange, you can doubt why they asked it but if you got same questions from two exchanges with same document, it's probably there are actual bad things with documents you submitted.

Yes I submitted my own genuine passport. The KYC questions from 2 exchanges are different.

dim_mak5

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Quote from: PX-Z on June 25, 2024, 06:55:38 PM

Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

Out of all the possible questions what has triggered crypto.com to ask just these 2 questions after I gave them my passport?

Yes, that's the main reason and purpose of KYC process. Good thing you didn't deposit yet snd take KYC first, or else you will be at big loss.

Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

So when a User gives an CEX their ID such as passport or driving license, then from these ID's what triggers a CEX to ask further questions or what can a CEX access from what databases/records of that User to gather further background info on that user?

I don't have any experience for these two exchange. But usually KYC service provider have a list of personal info databases, highly likely that they have almost the same record of your info that trigger crypto.com system then ask you those questions just like the coinbase case.

Quote

If there is a mistake like this then how do I remove this from my databases/records to get it clear please?

I guess there's no way to do that, at least that's what i knew.

You know how many KYC Service Providers out there and which ones do the most popular CEXs uses? Makes sense to approach the 3rd party KYC Service Provider directly to try fix the problem instead of asking the CEX for the reason I was declined, good idea?

Who are these KYC Service Providers, are they Government agencies otherwise how these 3rd parties get so much info/data from users/customers? As a user/customer I have the right to view this data/info correct to see if there are any mistakes right?

The crypto.com KYC questioning is totally different to the coinbase KYC questioning that got me Huh

I'm rejected at crypto.com but coinbase everything is working fine. Doesn't add up Huh

tabas

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That's odd because several times I've passed my identities to different centralized exchanges and they have never asked me those questions. I think that they're basing those selective questions on your name as well as your country of origin. I'm just taking a guess here but based on your experience with Coinbase, the other exchanges are reacting the same way.

Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

If there is a mistake like this then how do I remove this from my databases/records to get it clear please?

You can't remove that on their records but what I can think of for you to avoid this future problem is to file legal change of your name. With that, you'll be supported with a file and paper that you're not entirely connected to that political figure that they're trying to avoid doing any transaction or, ask an attorney to do that for you without having to change your name. Whichever is comfortable to you, you may do that but it comes with a fee of course.

Ojima-ojo

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Quote from: Upgrade00 on June 26, 2024, 02:20:56 AM

Submitting your documents to different websites is one way to put those documents at risk of being compromised. Some exchanges sell your data to anyone who can afford it and some others have poor security protection, your data can be easily stolen and sold to criminals who plan to use them to commit crimes.

The question you were asked could be just a security requirement and not a consequence of any crime related to your documents. I'll recommend going for exchanges that don't require KYC or sticking to a 'reputable' one that requires.

Besides the high risk of submitting your documents to various centralized exchanges there are other restrictions that those exchange may have place on some citizens of a particular countries, and although even though those centralized exchanges offer's easy access to cryptocurrency ownership it possible that the ops have got rejected because he is from the United States and and the AML of his country could have blocked those exchanges.

Best option he have right now is to register on Coinbase because that the centralized exchange that is popular among US crypto users and I believe he will not get rejected.

Faisal2202

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I think trouble always finds your way especially trouble that comes from centralized exchanges. haha, no offense just kidding. I am shocked to hear Coinbase froze your account just because your name resembles with someone else's name I mean wow they just don't care about there members' funds then. I never used crypto.com and whitebit but heard about crypto.com exchange. It's a big one.

I am also shocked to hear the questions they have asked you, if they have asked you maybe they are asking them on some kind of past data, maybe they are taking you for another person by mistake that's why they asked you first. I think it would be better to ask them these questions as they can give you a better reason.

Findingnemo

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Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

Hi from UK,

I remember coinbase froze my account in the past and asked whether I am related or associated with a political person who had a same similar name to me and I said no and they unfroze my account. If there is a mistake like this then how do I remove this from my databases/records to get it clear please?

Cheers,

You can't erase your digital footprints, once it's stored in the government database it's likely to be there forever and your case is kind of different not everyone submitting KYC face these challenges it could be due to your name, family name but as long as you knew that you're not part of anything illegal you're clear to go.

I never experienced any such challenges while submitting KYC to exchanges or casinos, it will be processed in few minutes on most of the sites.

Binance is not operating in UK and you mentioned you have coinbase then I suggest you to stick with it instead of submitting KYC to every exchanges.

PrivacyG

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Quote from: Felicity_Tide on June 26, 2024, 02:15:55 AM

But the Op hasn't registered before, which makes me think that the system is being abused for this particular case. Assuming the user had registered before, then the newly submitted id would have matched the previous, which means he might be a potential threat to the exchange, but for this situation, it is not so. I guess there are better dex to go for, but hope those already submitted IDs won't be a problem to your privacy and security at all.

It could be multiple reasons.

As bad as it sounds, it can be even simple details such as the Country you are from, your Ethnicity or your Full Name that can trigger the Know Your Customer procedure. No body can guarantee submitted IDs are stored properly or permanently removed, so there is that. Once submitted online, personal information can be considered compromised or under danger.

Lucius

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Obviously, there is a reason why they treat you that way, and in addition to everything else that has already been mentioned, it occurs to me that your documents may have already found their way to the black market if you have already done KYC somewhere else. Therefore, I would recommend you not to send your documents to any CEX, because by doing so you are only endangering your privacy even more, and in addition, someone is treating you like a criminal.

Wondering if you have another choice? Of course, there are alternatives such as decentralized exchanges, crypto ATMs or even trading through this forum in a currency exchange board.

Have you thought about changing your name? Wink

ABCbits

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Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

Before I sign up to another CEX exchange & potentially wasting my time with the same reject result, how do myself check my records/databases of me are clear or not in the UK and if its not clear then I can get it rectified before signing up to another CEX.

I'm not from UK, but i would speculate it may be related with your credit score, credit report[1] or police record[2]. I use UK government website as reference, but i may be wrong or information they provide is outdated.

Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

I remember coinbase froze my account in the past and asked whether I am related or associated with a political person who had a same similar name to me and I said no and they unfroze my account. If there is a mistake like this then how do I remove this from my databases/records to get it clear please?

If they raise suspicion due to your real name, i don't think there's much you could do. KYC/AML verification simply sucks for certain people[3].

[1] https://www.gov.uk/government/news/credit-reports-available-online-for-all-consumers
[2] https://www.gov.uk/copy-of-police-records
[3] https://disruptive-horizons.com/p/kyc-aml-destroying-world

lovesmayfamilis

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Quote from: Upgrade00 on June 26, 2024, 02:20:56 AM

Submitting your documents to different websites is one way to put those documents at risk of being compromised. Some exchanges sell your data to anyone who can afford it and some others have poor security protection, your data can be easily stolen and sold to criminals who plan to use them to commit crimes.

The question you were asked could be just a security requirement and not a consequence of any crime related to your documents. I'll recommend going for exchanges that don't require KYC or sticking to a 'reputable' one that requires.

This was what I thought about when I started reading the post. Exchanges can be hacked, and documents can be sold. And then the owners who showed their documents may face similar thorough checks. Moreover, as the OP points out, he has the same name as the person who caught Coinbase's attention. I would not trust CEX exchanges that ask questions that already arouse suspicion in the client.

Alpha Marine

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For these two exchanges to ask the same questions and reject you, then something is truly wrong. If you haven't done anything that you're been questioned of then your data might have been compromised in some way. Maybe you have exposed your personal details in some way (offline or online) and it has been used for illegal activities. This is just me speculating, I'm not sure.

If you're been rejected by CEX, you should see it as a blessing in disguise, because putting more personal details out there is not safe and it's better it happened now instead of when you already have coins in the exchange.
I doubt there can be a mistake in identity when it's personal information. It could even be possible that someone made a fake ID with your details.

If you really think there's a problem, there's only one way to find out and that is by going to the appropriate authorities. Ordinarily, I wouldn't tell you to do that, but if your personal information is truly compromised, you need to figure it out before it gets worse.

Upgrade00

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Submitting your documents to different websites is one way to put those documents at risk of being compromised. Some exchanges sell your data to anyone who can afford it and some others have poor security protection, your data can be easily stolen and sold to criminals who plan to use them to commit crimes.

The question you were asked could be just a security requirement and not a consequence of any crime related to your documents. I'll recommend going for exchanges that don't require KYC or sticking to a 'reputable' one that requires.

Felicity_Tide

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Quote from: PrivacyG on June 25, 2024, 09:09:49 PM

Some of them do a selective control of their Users. In most of the Centralized Exchanges Terms of Service, you can find that they can impose Know Your Customer at any given time they consider it is necessary. This means the Term can also be abused in many cases unfortunately. There have been many cases of abuse and you can not do much about it, considering these are Terms you sign up for.

Otherwise, I presume you fell into a group of met criteria that automatically trigger a suspicion and they have to check you out first.

But the Op hasn't registered before, which makes me think that the system is being abused for this particular case. Assuming the user had registered before, then the newly submitted id would have matched the previous, which means he might be a potential threat to the exchange, but for this situation, it is not so. I guess there are better dex to go for, but hope those already submitted IDs won't be a problem to your privacy and security at all.

Helena Yu

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If you really want to use CEX, I'd recommend if you choose centralized exchange that has FCA license https://register.fca.org.uk/s/search?predefined=CA

You can also use sites to trace whether your address contain tainted coins or not, I see that amlbot.com is free.

But, you can just use DEX or No KYC P2P if you don't want to cope KYC problem, check kycnot.me

Catenaccio

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Quote from: PrivacyG on June 25, 2024, 09:09:49 PM

Anyway. My personal thoughts, just stop using Know Your Customer enabled Exchanges. It is a very invasive Term as proven to you, so why bother with them if you can just avoid them entirely.

Why KYC is extremely dangerous – and useless.

1miau warned about KYC risk too. We still can lose our money on centralized exchanges if they scam or bankrupt. KYC can not save us and save our capital but centralized exchanges can cooperate with governments and leak our KYC documents to governments or even other companies. If our KYC documents are on Internet, we can not know will it spread too.

PrivacyG

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Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

So when a User gives an CEX their ID such as passport or driving license, then from these ID's what triggers a CEX to ask further questions or what can a CEX access from what databases/records of that User to gather further background info on that user?

Some of them do a selective control of their Users. In most of the Centralized Exchanges Terms of Service, you can find that they can impose Know Your Customer at any given time they consider it is necessary. This means the Term can also be abused in many cases unfortunately. There have been many cases of abuse and you can not do much about it, considering these are Terms you sign up for.

Otherwise, I presume you fell into a group of met criteria that automatically trigger a suspicion and they have to check you out first.

Anyway. My personal thoughts, just stop using Know Your Customer enabled Exchanges. It is a very invasive Term as proven to you, so why bother with them if you can just avoid them entirely.

Catenaccio

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Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

I signed up to crypto.com & WhiteBit, gave them my Passport as ID as requested by them. WhiteBit rejected me after review and Crypto.com rejected me too. Before I got rejected by crypto.com they emailed me these questions:

Have you ever been a party to a lawsuit & Have you ever been convicted of any crime?

I have never experienced troubles with KYC.

Questions you got are strange too and I have to ask you, did you use your own documents for KYC submission and verification?

Because, in my thinking, it is nearly impossible to receive such serious questions if you are not criminal and use your own documents. If you used a bought document for KYC, these questions are very possible.

WhiteBit is a smaller exchange than Crypto.com
https://coinmarketcap.com/rankings/exchanges/

If you got these questions from only one exchange, you can doubt why they asked it but if you got same questions from two exchanges with same document, it's probably there are actual bad things with documents you submitted.

PX-Z

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Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

Out of all the possible questions what has triggered crypto.com to ask just these 2 questions after I gave them my passport?

Yes, that's the main reason and purpose of KYC process. Good thing you didn't deposit yet snd take KYC first, or else you will be at big loss.

Quote from: dim_mak5 on June 25, 2024, 06:34:34 PM

So when a User gives an CEX their ID such as passport or driving license, then from these ID's what triggers a CEX to ask further questions or what can a CEX access from what databases/records of that User to gather further background info on that user?

I don't have any experience for these two exchange. But usually KYC service provider have a list of personal info databases, highly likely that they have almost the same record of your info that trigger crypto.com system then ask you those questions just like the coinbase case.

Quote

If there is a mistake like this then how do I remove this from my databases/records to get it clear please?

I guess there's no way to do that, at least that's what i knew.

Topic: How do I check that I myself am 'All Clear' before signing up to an CEX? - page 2. (Read 409 times)