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Topic: Shapeshift Membership - page 4. (Read 961 times)

legendary
Activity: 2646
Merit: 3911
September 05, 2018, 03:03:38 PM
#7
I had a problem using Shapeshift for some time, and I stopped using it a month ago, but what will happen to the wallets based on Shapeshift exchange?
So only changelly is left,
you can try:

 - https://flyp.me/: native Segwit support, exchanges of less than 1$, and without BitcoinCash Smiley
 - https://www.shiftex.io/: I tried it once and worked fine, I do not know the current situation
full member
Activity: 308
Merit: 100
September 05, 2018, 12:10:08 PM
#6
legendary
Activity: 2968
Merit: 3684
Join the world-leading crypto sportsbook NOW!
September 05, 2018, 11:16:26 AM
#5
Shapeshift Moves to Membership Model Requiring User Information!

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

That sounds like suicide for their service. I haven't extensively looked into the article, but if you need to create an account, plus additional KYC, what exactly are the upsides of their service compared to Binance?

It seems like it really just defeats the purpose of their "Instant exchange" model. I'm afraid that sooner rather than later another Instant exchange such as Changelly is going to completely dominate the market.

I've checked the article now -- Nowhere does it state if they're introducing this because it is required by law.. Seems like an extremely stupid move.

Yeah, I think they'll realise this real quick and either scrap this altogether or pursue some other way around it (possibly a move to one of 'em upcoming blockchain islands maybe?).

It may not be a legal requirement yet but if I recall, they were involved with enforcement in freezing funds sent to them when they were given the addresses of the thieves. That partnership probably gave them some good marketing, so it's possible they wanted to leverage on that - at the cost of their customers' privacy.

Them atomic swapping Dexes will want to hurry up and displace the ilk of Shapeshifter.
legendary
Activity: 2383
Merit: 1551
dogs are cute.
September 05, 2018, 10:53:12 AM
#4
What the hell? Man, I loved shapeshift, well RIP!  Cry

The main reason that I used shapeshift was that no membership bullshit was required. No KYC, no fuckall shit. So only changelly is left, well won't be surprised if changelly does the same thing. Is there any valid reason behind or is it the original classic, compulsory KYC idiocy?
legendary
Activity: 3080
Merit: 1353
September 05, 2018, 10:23:47 AM
#3
That's the final nail in the coffin for Shapeshift. First they change some policy that affected US customers, now they coming up will a full KYC requirements? They are charging exorbitant fees and this news give us more reasons to go around and look for alternative crypto exchange service. I don't know though how wallets that integrates Shapeshifts will be affected like Exodus or Jaxx.

For those who are interested on how they protect your data:

https://info.shapeshift.io/blog/2018/09/04/how-shapeshift-keeps-your-information-safe/
legendary
Activity: 1946
Merit: 1427
September 05, 2018, 09:14:37 AM
#2
Shapeshift Moves to Membership Model Requiring User Information!

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

That sounds like suicide for their service. I haven't extensively looked into the article, but if you need to create an account, plus additional KYC, what exactly are the upsides of their service compared to Binance?

It seems like it really just defeats the purpose of their "Instant exchange" model. I'm afraid that sooner rather than later another Instant exchange such as Changelly is going to completely dominate the market.

I've checked the article now -- Nowhere does it state if they're introducing this because it is required by law.. Seems like an extremely stupid move.
full member
Activity: 308
Merit: 100
September 05, 2018, 08:28:28 AM
#1
Shapeshift Moves to Membership Model Requiring User Information!

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