is it a pattern of new scam: in the name of KYC, lock their fund. - page 2.

Charles-Tim

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Leading Crypto Sports Betting & Casino Platform

Quote from: ggbtctalk000 on January 21, 2021, 01:32:28 AM

Quote from: hugeblack on January 21, 2021, 01:26:04 AM

Identity verification request is essential for your protection. You lose access to your account, so if they give access to your account easily you may lose your money.
As long as you want to deal with central platforms, choose a reliable one and be prepared for all kinds of identity verification, including sending a video (with the development of Photoshop, sending pictures is not enough).

AFAIK, Binance is trusted one.

Where did I say verification is not essential. Are you reading my post correctly?

Try to get this right, know that you are dealing with centralized exchanges which can request for kyc at any time, you should remember not your key not your coin. I have been using binance for a while now and the login as always been working well, probably you forgot your password, I guess. And in that case, they will need you to prove the ownership of the account for another person not to claim it. hugeblack is completely correct and that is what he commented also. Or never use centralized platforms as it there are situations that will result to your identity being demanded for.

ggbtctalk000

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Quote from: hugeblack on January 21, 2021, 01:26:04 AM

Identity verification request is essential for your protection. You lose access to your account, so if they give access to your account easily you may lose your money.
As long as you want to deal with central platforms, choose a reliable one and be prepared for all kinds of identity verification, including sending a video (with the development of Photoshop, sending pictures is not enough).

AFAIK, Binance is trusted one.

Xwallet: I haven't heard of it, did you mean XWallet by Pundi X Labs?

Cryptopedia: is good 3.7/5

Where did I say verification is not essential. Are you reading my post correctly?

hugeblack

legendary

Activity: 2702

Merit: 4002

Identity verification request is essential for your protection. You lose access to your account, so if they give access to your account easily you may lose your money.
As long as you want to deal with central platforms, choose a reliable one and be prepared for all kinds of identity verification, including sending a video (with the development of Photoshop, sending pictures is not enough).

AFAIK, Binance is trusted one.

Xwallet: I haven't heard of it, did you mean XWallet by Pundi X Labs?

Cryptopedia: is good 3.7/5

ggbtctalk000

full member

Activity: 394

Merit: 101

It is happening on several exchanges I dealt with: worst offenders are binance, and also bad enough: xwallet and potentially cryptopedia.
I understand KYC is important but lot of times, the login fails to work at one point and restoring password is incredibly difficult or impossible as these exhanges refuse to unlock citing KYC, security after going through their standard verification process and asking for more.

Binance asked me to send me a VIDEO of myself after going through extensive verification to restore my password that stopped working after taking several weeks back and forth e-mail with their cust. service. I cited privacy concern and whether their next stage of their verification will be a the video of my dicks or some private part and they stopped responding.

Cryptopedia went bust however recent e-mail had some obstruction instruction to do a claim and some web url that does not work. Contacting their cust. service replied with half-baked answers. Then disclaimer says if you dont claim within blah blah blah date, you forfeit your fund.

Xwallet also sent me a refusal to unlock after went through all of their password restoration verification process.

This is getting unwieldy.

Topic: is it a pattern of new scam: in the name of KYC, lock their fund. - page 2. (Read 303 times)