Topic: How do I check that I myself am 'All Clear' before signing up to an CEX? (Read 419 times)

I can't speak for other onion addresses and services, but ever since I bookmarked eXch's address, it has remained the same. It's always a good idea to confirm a domain using other sources before using it. For example, check the clearnet site's Questions & Answers section like I mentioned before. You can also see the correct address on the announcement thread on Bitcointalk.

The onion addresses changes all the time? So if I bookmark the onion address and its changed and I go to the old bookmarked outdated onion address then that onion site is not safe or is fake version by hackers?

The speed isn't important here. TOR is much slower but it's fast enough to perform swaps on eXch. TOR is much safer and offers better privacy because your data goes through multiple nodes until it reaches the target website. If configured correctly, there is no tracking and no one knows what you are doing. Just make sure to use the correct onion domain as published on the official website. It's best to bookmark it for the future.

Which is better and safer, the Tor or Clearnet version? Tor is very slow quick google search is saying.

I don't know. Did you not ask for the reasons they are asking those questions and why they rejected your application to open an account?

This is not a P2P decentralized exchange. It's a centralized instant exchange for bitcoin, ethereum, monero, and several other coins, including stablecoins. There are no accounts and no KYC ever. If you want to test it out, I suggest using the TOR version instead of the clearnet one. I have used it several times in the past to swap bitcoin for stablecoins and had never had a negative experience.

As crypto users we should have the legal right from start to finish to know every detail of the KYC process so we know that our sensitive ID's like passports are not being misused.

I spoken with the UK Police and they say they have a PNC Police National Computer that holds criminal records of UK citizens and they say no company or corporation can access this computer database to do their KYC checks unless they manually request this info. from the police themselves and manual requests take time as we all know. So this begs the question why did crypto.com a company based in USA asked me ever been convicted of a crime question when the UK police say companies/corporations cannot access these PNC records? I signed up to crypto.com and was rejected few days later

It doesn't add up 

That's trying to figure out the KYC process not including the AML process!

Is your eXch DEX P2P?

You have experienced personally what KYC can do. Not only are you not able to use the service you verified your identity with, but they now also have a copy of your personal details, which could be hacked in the future or they will simply share/sell it to their partners.

Chances are that you can get the coins you are after by using a no KYC exchange. I can see that https://kycnot.me/ was already suggested to you. They have a good list of privacy-preserving exchanges. Take a look at eXch in my signature, for example. It's one of the best ranked no-KYC exchange on the website. I also prefer face to face deals if you live in a normal country where the risks aren't high that you will get robbed or followed home. All of that is better.

My passport is new under a year old, only submitted once to Whitebit exchange few months ago & they rejected me and now Crypto.com reject me.

Do you think Whitebit put my KYC rejection on a international KYC rejection database or something that other CEXs has access to & can see my previous rejection. Otherwise please explain what is Double Submitting?

After rejection how do I reapply with crypto.com with a different document like you suggested with the same email?


On TV news they say Crypto is a unregulated Industry, what I cant understand is if its unregulated then why they ask for KYC docs like it is regulated   If it is not regulated then there's needs to be an investigation on what happens to our KYC ID & Docs after we give it to CEXs   Are they misused or sold to Data Brokers or Criminals?

If crypto is regulated in a country then its safe & regulated for their citizens only not for foreigners that sign up to their CEX HQ in that country?

Is Whitebit a shady exchange, where are they based HQ?

Seems new problem with KYC denied with the cases convicted of any crime, usually denied KYC on crypto.com and WhiteBit exchange because your document such as passport or ID card not clearly or get double submitting before. I have Crypto.com verified account by using ID card without problem for the first time verifying, seems you need to try with difference document such as driving license or using ID card has possibility more useful approving your verifying account.

Its difficult for trading when your account can't verifying yet and how possibility for purchasing bitcoin without use CEX exchange market, you must try with difference document and wish any space for both exchange between Crypto.com and Whitebit approving your verifying document without any unbelievable cases.

Hi yes what is the difference between a DEX and a P2P trading platform?

Is Bisq a DEX or P2P?

Okay Uniswap is not a DEX however which DEX you think is the best for low fees, deep liquidity & is the most decentralized?

Shall I assume that fees are high & liquidity is not deep for P2P? For example if I list my bitcoin for sale on a P2P or Bisq will it sell straight away at current market prices that I want or will take time to sell if I ask for current market prices?

Or is it all based on your feedback review scores for P2P whether people will buy from you or not?

No, I didn't say Bitcoin is non-fungible, but it's the centralized exchanges and government that treat Bitcoin as a non-fungible coins. So, if you send your coins to them, you should think the way they think. If someone use mixer/coinjoin other any other privacy tools, they could accuse your coins are dirty or tainted.

Uniswap isn't DEX, it just a centralized swap platform, that's why they can delist some coins instead of make the market completely free.

The best from kycnot.me is Bisq, it's the only true DEX.

I believe the place where you got your first passport document is also the best place for you to go back and file your complaints.
 
And yes, I mean replacing your passport ID entirely like you got a new one; maybe the same name with a different document ID number or a different name;

Everything depends on what the regulatory agent might advise is best for you to do. It might cost you money and some legal stress, but like I said before, it's worth it.

You know who are the appropriate body in the UK?

You mean replacing my passport with a new one?

It's a lengthy process, but it's worth it as long as it has something to do with your image. Aside from those exchanges asking you this question, you also need to go meet the appropriate body in the UK to check your password ID to see if it has been used to commit any crime you know nothing about in order to clear your name on time. 
 
Maybe if changing your name can't help, they should be able to figure out a way to revoke your details from wherever they have been registered, maybe by cancelling your document ID and reassigning another one to you. I don't know if that can be done, but if it's possible, I believe that's the best thing to do rather than just changing your name.

Hi I am from UK and already am a verified coinbase customer for several years.

Coinbase unfroze my account after answering their KYC question couple of years ago. I was a verified Coinbase customer for a few years before this happened.

Then last week crypto.com rejects me 

Changing my name sounds like a lengthy, legal, expensive process correct?

I do see that your issue could be coming this angle when you first had the issue with coinbase which led to them frozen of your account because from what I heard from someone who they banned their account is that he wasn't able to do anymore ID verification with other centralized exchange platform, because they have a system in place that checks all this ,where if you get banned or get an issue with in one particular exchange platform you are likely going to get banned by other platforms too ,

Therefore, seems like your Data might have been sent out by Coinbase then suspecting that you are somehow connected to politically exposed person for other exchanges to not allow you carry out any verification process then but your details was not being withdrawn after that.

Or could it be that you unknowingly filled the form part where they normally asked why submitting your ID ,if you're occupying any polical office/ position or connected to any politically exposed person?

I applied for a credit card last month and was accepted so my credit score must be good.

The KYC questions from the 2 CEXs were different.

Do you know which authorities in UK please?

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 

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

Is it because I am from UK?

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

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

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.

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.

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.

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.

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.

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.

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? 

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.


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

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.

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.

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.

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.

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

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.

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.

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, 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.

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.

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

Hi from UK,

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?

Out of all the possible questions what has triggered crypto.com to ask just these 2 questions after I gave them my passport? Has anyone here that signed up to crypto.com this year received the exact questions before their account at crypto.com got approved or not?

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?

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 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,