Shapeshift Membership | Bitcointalksearch.org

leopard2

legendary

Activity: 1372

Merit: 1014

Quote from: xtests on November 23, 2018, 01:19:28 PM

lol indeed, i didn't register on there for the exactly same reason. The idiotism is they already implement two-factor with personal unique codes and after that they require one more two-factor with google and sms. fuck that

they do that because most people have a mobile that is tied to their identity. all part of a larger plan to map the blockchain. It's certainly not for your safety, that's for sure. If it was about safety, paper based 2-factor codes would be the obvious solution...nobody does that except LBC...ask yourself why. Angry

The fact that they do not hold your funds but use this shit, speaks for itself. There is no security needed at all, but they enforce google/SMS Grin

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: milewilda on November 23, 2018, 01:49:59 PM

Quote from: audereyy on November 23, 2018, 01:01:03 PM

I wish they will stop forcing 2FA for registration soon because this is very stupid. One can't be a member just because he doesn't want to use 2FA and doesn't have any problem with securing his passwords.

Quote from: xtests on November 23, 2018, 01:19:28 PM

lol indeed, i didn't register on there for the exactly same reason. The idiotism is they already implement two-factor with personal unique codes and after that they require one more two-factor with google and sms. fuck that

It do sucks but you cant do anything about it since its their protocol and if you do tend to make use of their service then you wont really have any choice but to comply with it.
Security is always been important but i dont know why it would really be needed it on a fast swap platform.

Because people from higher up the chain (goverments) probably asked ShapeShift to do so.

Despite Shapeshift saying that this isn't the case, i wouldn't believe for a second that if they weren't pressured by US government/SEC/other legal entities, they still would've implemented these stupid 2FA mechanics/their membership levels. As i said before, it completely destroys their business model and the (only) advantage that they had over binance.

And their traffic keeps dropping. https://www.alexa.com/siteinfo/shapeshift.io
(Although, this is more or less the case with ALL exchanges, so it's not exactly a fair metric, still though, it seems to be dropping faster than eg binance..)

milewilda

legendary

Activity: 3094

Merit: 1127

Quote from: audereyy on November 23, 2018, 01:01:03 PM

I wish they will stop forcing 2FA for registration soon because this is very stupid. One can't be a member just because he doesn't want to use 2FA and doesn't have any problem with securing his passwords.

Quote from: xtests on November 23, 2018, 01:19:28 PM

lol indeed, i didn't register on there for the exactly same reason. The idiotism is they already implement two-factor with personal unique codes and after that they require one more two-factor with google and sms. fuck that

It do sucks but you cant do anything about it since its their protocol and if you do tend to make use of their service then you wont really have any choice but to comply with it.
Security is always been important but i dont know why it would really be needed it on a fast swap platform.

xtests

jr. member

Activity: 32

Merit: 46

lol indeed, i didn't register on there for the exactly same reason. The idiotism is they already implement two-factor with personal unique codes and after that they require one more two-factor with google and sms. fuck that

audereyy

member

Activity: 96

Merit: 25

I wish they will stop forcing 2FA for registration soon because this is very stupid. One can't be a member just because he doesn't want to use 2FA and doesn't have any problem with securing his passwords.

Financisto

hero member

Activity: 632

Merit: 768

BTC⇆⚡⇄BTC

Reading all complaints here I assure you Decentralized Exchanges are the only way out of this problem (freezing/confiscation of coins)...

BTW don't forget those MtGox's style hackings...

More DEX liquidity is needed.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: gentlemand on November 13, 2018, 12:51:36 PM

Quote from: BitHodler on November 13, 2018, 09:54:41 AM

Quote from: TrumpD on November 13, 2018, 09:28:52 AM

How long do you think Binance will hold out for before making it mandatory? I don't think they will for long.

Binance fled to Malta not that long ago, and for the time being they are safe in my book. The only thing I expect them to do in the near future is to start rejecting US citizens in an attempt to shake off the US authorities.

Some of the largest exchanges have already been doing so for quite a while now, and it's the safest possible move because of how active the US authorities have been and will be getting in the coming years.

Anyone who thinks Malta won't immediately roll over when ordered to is delusional. It's purely a matter of time before the pressure is put on. Will Malta ignore the rest of the world and embrace one Chinese bloke or protect the 99.999% of their economy that isn't crypto related?

i'm not even sure they'd need to "roll over" per se. it's just their headquarters. when the USA government wants to shut something down, they go after the domain and servers. binance's domain can be easily seized by the feds, and wherever binance is hiding their servers, we've seen in the case of btc-e that it's probably not good enough.

even if they cut USA residents now, that may not save them either. for example, the 1broker charges went back to 2016, but charges weren't filed until last month.

gentlemand

legendary

Activity: 2590

Merit: 3008

Welt Am Draht

Quote from: BitHodler on November 13, 2018, 09:54:41 AM

Quote from: TrumpD on November 13, 2018, 09:28:52 AM

How long do you think Binance will hold out for before making it mandatory? I don't think they will for long.

Binance fled to Malta not that long ago, and for the time being they are safe in my book. The only thing I expect them to do in the near future is to start rejecting US citizens in an attempt to shake off the US authorities.

Some of the largest exchanges have already been doing so for quite a while now, and it's the safest possible move because of how active the US authorities have been and will be getting in the coming years.

Anyone who thinks Malta won't immediately roll over when ordered to is delusional. It's purely a matter of time before the pressure is put on. Will Malta ignore the rest of the world and embrace one Chinese bloke or protect the 99.999% of their economy that isn't crypto related?

Continuous

sr. member

Activity: 1064

Merit: 264

Quote from: BuyBuyBitcoin on November 09, 2018, 05:10:06 PM

Surprised bisq isn't mentioned yet.

It's might not be the best option for getting into bitcoin as a first time buyer but anyone with bitcoin already could trade altcoins on their decentralized platform.

Non-kyc options from https://www.bestbitcoinbuyers.com/buy-bitcoin-anonymously/

Binance
bisq
Hodlhodl
Paxful
Changelly
Coinmama
Wall of Coins
Mycelium wallet local trader

For exchanging ERC-20 tokens with no need for KYC you should use Ethershift - they're operating and headquartered in Antigua and their laws are very flexible and these guys are all for the user privacy!

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: TrumpD on November 13, 2018, 09:28:52 AM

How long do you think Binance will hold out for before making it mandatory? I don't think they will for long.

Binance fled to Malta not that long ago, and for the time being they are safe in my book. The only thing I expect them to do in the near future is to start rejecting US citizens in an attempt to shake off the US authorities.

Some of the largest exchanges have already been doing so for quite a while now, and it's the safest possible move because of how active the US authorities have been and will be getting in the coming years.

I hope that whenever Binance decides to do anything that would require them to terminate user accounts, that they give them enough time to withdraw their funds without subjecting them to ridiculous verification steps.

If Coinbase allows people to withdraw their funds without any hassle prior to their account termination, other exchanges should be able to do the same.

TrumpD

sr. member

Activity: 602

Merit: 265

Quote from: leowonderful on November 10, 2018, 04:24:42 PM

Quote from: TrumpD on November 10, 2018, 03:01:43 PM

Quote from: moderate on September 15, 2018, 09:32:07 PM

Quote from: matej krkic on September 05, 2018, 09:28:28 AM

Shapeshift Moves to Membership Model Requiring User Information!

I think crypto services are being forced to move to such models.

Another one bites the dust... Cry

Why do you think so? They will lose some of their market share in the short term, however, I think they will thrive in the long term. The recent trend is crypto seems to be shifting towards KYC and lots of it. Most Asian exchanges demand them and Coinbase is doing very well regardless.

KYC's something many people avoid here, and this has definitely hurt Shapeshift in the short term. Other more anonymous options that don't require as much verification will definitely thrive in this current crypto ecosystem; the optional KYC on Binance is a big contributor to why they've blown up in popularity and volume in the last few months.

Bisq is indeed a good alternative for a plce to swap coins without vertification, but note that to use the platform you'll need to have a computer that runs Windows, Mac or Linux. There is an app on both the Google and Apple app stores for Bisq, but they're just for notifications. Binance has also worked flawlessly for me with very few issues. The limits without verification for me aren't too much of a problem, though you do get enhanced limits for withdrawal, etc if you do choose to verify yourself.

There is an issue of trust when using anonymous exchanges. I wouldn't trust these services with a high amount of coins. They could exit scam at any moment, or change policies after receiving deposits then request kyc.

Kyc is almost normal these days in financial services. Cryptocurrencies will go the same way and the process has already started. It won't be long before it becomes the norm.

How long do you think Binance will hold out for before making it mandatory? I don't think they will for long.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: leowonderful on November 10, 2018, 04:24:42 PM

Other more anonymous options that don't require as much verification will definitely thrive in this current crypto ecosystem; the optional KYC on Binance is a big contributor to why they've blown up in popularity and volume in the last few months.

They certainly will thrive, and already do to a larger extent, but it's all short term with how even Binance will eventually find itself in a position it can't escape from anymore. I'm not using Binance personally, but there will be a day where Bitmex (my current platform of choice) will also force its users to walk themselves through some sort of verification process.

The rest of the services retaining their zero verification advantage will contantly have to worry about the authorities raiding the crap out of them. You can try to keep hiding behind proxies as much as you want, but eventually the hammer will hit you so hard that it means game over. I personally don't care about these services specifically, but they always affect users which is the sad part, because the government won't give you anything back once they seized the assets of an illegal operation.

leowonderful

legendary

Activity: 1624

Merit: 1129

Bitcoin FTW!

Quote from: TrumpD on November 10, 2018, 03:01:43 PM

Quote from: moderate on September 15, 2018, 09:32:07 PM

Quote from: matej krkic on September 05, 2018, 09:28:28 AM

Shapeshift Moves to Membership Model Requiring User Information!

I think crypto services are being forced to move to such models.

Another one bites the dust... Cry

Why do you think so? They will lose some of their market share in the short term, however, I think they will thrive in the long term. The recent trend is crypto seems to be shifting towards KYC and lots of it. Most Asian exchanges demand them and Coinbase is doing very well regardless.

KYC's something many people avoid here, and this has definitely hurt Shapeshift in the short term. Other more anonymous options that don't require as much verification will definitely thrive in this current crypto ecosystem; the optional KYC on Binance is a big contributor to why they've blown up in popularity and volume in the last few months.

Bisq is indeed a good alternative for a plce to swap coins without vertification, but note that to use the platform you'll need to have a computer that runs Windows, Mac or Linux. There is an app on both the Google and Apple app stores for Bisq, but they're just for notifications. Binance has also worked flawlessly for me with very few issues. The limits without verification for me aren't too much of a problem, though you do get enhanced limits for withdrawal, etc if you do choose to verify yourself.

TrumpD

sr. member

Activity: 602

Merit: 265

Quote from: moderate on September 15, 2018, 09:32:07 PM

Quote from: matej krkic on September 05, 2018, 09:28:28 AM

Shapeshift Moves to Membership Model Requiring User Information!

I think crypto services are being forced to move to such models.

Another one bites the dust... Cry

Why do you think so? They will lose some of their market share in the short term, however, I think they will thrive in the long term. The recent trend is crypto seems to be shifting towards KYC and lots of it. Most Asian exchanges demand them and Coinbase is doing very well regardless.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Quote from: leopard2 on September 25, 2018, 08:55:40 PM

What Shapeshift does can be done on ETH, NEO, Byteball, Bitshares and many more.

The problem is that most active platforms only offer trading of "tokens" and "pegged tokens". Atomic swaps are supported only by few of them. I've made a list in German. To resume: AFAIK at the moment only BarterDEX and Blocknet offer working graphical tools to realize atomic swaps. BarterDEX already works for a year or so, and also Blocknet has published its open Block DX tool, although Blocknet requires additionally a Blocknet cryptocurrency client, so there is more hassle involved.

Bisq is an alternative: For altcoin-to-altcoin trading there is almost no risk, as it's easy for the arbitrators to prove that one of the parties scammed the other. And it offers fiat-to-crypto trades, albeit it's more risky.

Edit: Just checked Blocknet, seems to be active.

BuyBuyBitcoin

member

Activity: 126

Merit: 29

Get Maximalist or Get Wrecked

Surprised bisq isn't mentioned yet.

It's might not be the best option for getting into bitcoin as a first time buyer but anyone with bitcoin already could trade altcoins on their decentralized platform.

Non-kyc options from https://www.bestbitcoinbuyers.com/buy-bitcoin-anonymously/

Binance
bisq
Hodlhodl
Paxful
Changelly
Coinmama
Wall of Coins
Mycelium wallet local trader

gentlemand

legendary

Activity: 2590

Merit: 3008

Welt Am Draht

Quote from: leopard2 on September 25, 2018, 08:55:40 PM

Ahhh don't you worry...Shapeshift is just preparing for a takeover, think about it; Polo fetched 400mm,

That'll probably go down in history as one of the worst buys of all time. There needs to be a permanent uptick, not a bubble, for these valuations to be justified and the likelihood of that is very low.

leopard2

legendary

Activity: 1372

Merit: 1014

Ahhh don't you worry...Shapeshift is just preparing for a takeover, think about it; Polo fetched 400mm, pretty sure Shapeshift is worth xxx millions too, but only with 100% rock solid regulator dick sucking behind it.

If it wasn't about money Vorhees could just close the company, right? I guess he got offers that he could not refuse. Wink

Technically you only need KYC if you trade crypto vs fiat, in large quantities (for small quantities there are p2p options).

However crypto to crypto does not require an exchange at all, nor a corporation of any kind - blockchain assets can technically be traded on decentralized exchanges. No regulator in the world can prevent a dapp from executing a trade from crypto A to crypto B.

What Shapeshift does can be done on ETH, NEO, Byteball, Bitshares and many more.

You've got to admire the newspeak though, "membership, rewards"

You are not tax slaves anymore, just IRS "members" Grin

AdolfinWolf

legendary

Activity: 1946

Merit: 1427

Quote from: gentlemand on September 20, 2018, 01:33:34 PM

Is the hidden binance server thing a fact? If it is then I would find that a turn off, not the exit scam side of things, more the inference that it's an acknowledgement of them sailing close to the wind.

If you want to be the world's largest exchange then you're going to have to swallow The Man's sperm whether you want to or not.

Their CEO stated in september 2017 that their servers were located in Korea, https://www.youtube.com/watch?time_continue=420&v=LW9QHtLVK-k, but since then they have moved their headquarters to Malta?. I think.

See https://blockonomi.com/binance-malta/

After that it became unknown where (In what country) their servers are located. OR if they are still located in Korea.

This their universal response when asked where their servers are located;

Quote

Binance is an international exchange and we operate from multiple locations around the world. Unfortunately, for security reasons, we aren't able to disclose these locations.

However, we are not governed by any one jurisdiction. There is no reason to worry or withdraw your funds.

See https://www.reddit.com/r/binance/comments/7pljli/can_someone_please_tell_me_where_is_binance_based/dt3k5nr

<|https://i.imgur.com/C0W5bl1.png|>

If i recall correctly, something someone in the State of New york already called for an investigation against Binance because they were breaking several laws. (Just like Poloniex was in that jurisdiction.)

This might be it. https://finance.yahoo.com/news/york-says-three-crypto-exchanges-184626208.html?guccounter=1

eternalgloom

legendary

Activity: 1792

Merit: 1283

I was glad that I didn't have to upload any ID to get verified.
All they've asked me was the number on my passport, got verified after that.

I still think it's pretty bad that you now have to do KYC to trade between crypto, it's really starting to become the standard nowadays.

Topic: Shapeshift Membership (Read 930 times)