It honestly depends on you and your personal risk appetite; as you're obviously going to be getting various opinions concerning this. If you're willing to take all the hassle for better privacy(which is definitely a good idea), then go with it. On the other hand, if you pay your taxes and such and keep most or all things transparent, then I personally think it would be fine. Unfortunately sometimes KYC is necessary. It's just that you shouldn't randomly throw in your documents on multiple platforms. If I personally was on the US, I'd probably just only submit to Coinbase Pro and nothing else.
^I'm pretty sure it's going to be quite controversial, but whatever.
Topic: These Anti-KYC Stuffs Tiring Non-Techies Up - page 2. (Read 354 times)
1. NO. Never give it up no matter how hard it gets. This is exactly what we should stop doing. The more people who stop giving their information away for free, the better it gets. It's intentionally all created so it gets harder for you. It gets harder if you want not to accept cookies anymore, it gets harder if you don't want to give up your information anymore etc. It's been shaped up this way for us to effectively give up completely and it's been working tremendously for them.
2. Exactly what I said: get ready to have a harder internet life. Have patience and find new ways to solve your problems without having to sell yourself to other entities. Try Bisq or Komodo's Atomic DEX. Peer-to-peer is the way to do things.
3. No! Even if you do not use Tor or other kind of IP & traffic obfuscation, not giving up your personal information is critical and much better than nothing. There are plenty of ways you can go off the grid right now and change the way you browse, transact etc. Check out Wasabi Wallet which has coinjoin and Tor integrated; you can even use hardware wallets: https://www.wasabiwallet.io/
4. Directly, most likely no. But in time, it will. Your personal information gets all submitted to different entities and one day you may find out your personal information has been stolen and sold by hackers or you've been part of who-knows-what investigation and are suspected for X crimes. Why let them get into your personal, private space? Fuck them! Stay away and protect your name, protect your ID, protect everything related to you!
Your information is worth a lot of money on the black markets. You got very used to services that offer very fast support, transactions etc but did you ever think that maybe the websites you're using aren't really free and you're fuelling them everything they need for free? Do you really think Facebook, Twitter, WhatsApp, Reddit etc are all 100% free and they're not feeding off your personal info at all? Stay off the grid as much as you can, NEVER give up!
2. Exactly what I said: get ready to have a harder internet life. Have patience and find new ways to solve your problems without having to sell yourself to other entities. Try Bisq or Komodo's Atomic DEX. Peer-to-peer is the way to do things.
3. No! Even if you do not use Tor or other kind of IP & traffic obfuscation, not giving up your personal information is critical and much better than nothing. There are plenty of ways you can go off the grid right now and change the way you browse, transact etc. Check out Wasabi Wallet which has coinjoin and Tor integrated; you can even use hardware wallets: https://www.wasabiwallet.io/
4. Directly, most likely no. But in time, it will. Your personal information gets all submitted to different entities and one day you may find out your personal information has been stolen and sold by hackers or you've been part of who-knows-what investigation and are suspected for X crimes. Why let them get into your personal, private space? Fuck them! Stay away and protect your name, protect your ID, protect everything related to you!
Your information is worth a lot of money on the black markets. You got very used to services that offer very fast support, transactions etc but did you ever think that maybe the websites you're using aren't really free and you're fuelling them everything they need for free? Do you really think Facebook, Twitter, WhatsApp, Reddit etc are all 100% free and they're not feeding off your personal info at all? Stay off the grid as much as you can, NEVER give up!
There are many ways to hide your identity while doing crypto trading. The best way to use decentralized exchanges or commonly what we know as DEX. There are so many DEX available in the market and I don't want to take any particular name. Do you research to find the best DEX for you to use. These are not bound by any geographical boundaries and no DEX will ask for your KYC because they don't hold your funds.
You can use coinswap features of decentralized exchanges. These are easy and you don't need to be techie to understand how it works. Just look at few youtube videos and do little research. No one can spoon-feed you here so you need to do little research before you can finalize your approach.
But if you are really serious about your trading activities and you want to continue it for a longer time in future, it's always better to use reputable exchanges which are not decentralized. For a trading volume of $1000-$1500, you shouldn't run into any issue.
Hope this helps!
You can use coinswap features of decentralized exchanges. These are easy and you don't need to be techie to understand how it works. Just look at few youtube videos and do little research. No one can spoon-feed you here so you need to do little research before you can finalize your approach.
But if you are really serious about your trading activities and you want to continue it for a longer time in future, it's always better to use reputable exchanges which are not decentralized. For a trading volume of $1000-$1500, you shouldn't run into any issue.
Hope this helps!
1. Should I give up hard-work faking my name, my number, my email, etc., and just submit into KYC stuffs to make life easier?
2. Issue-A: Having a hard time buying coins without submitting into KYC entities. If I go peer-to-peer markets, its so expensive.
Issue-B: Having a hard time cashing out without submitting into KYC entities.
3. I dont know things about hiding I.P.s, VPNs, TOR browser, coin joining, coin mixing, etc., and Im not planning to learn and use it. So I know everything about my crypto activities are traceable because Im not techie. Does that mean I should just surrender any effort to get anonymous and just submit into KYC, because its just the same (my I.P. is not hidden, etc.)?
Im in a developing country here in Asia where cryptos are not illegal I believe. Im investing/trading not much, only around $1000-$1500 back and forth, circulating in my accounts.
4. Will these KYC things (submitting my documents) do any harm on me?
Yes, I know privacy is important, but it really tires me up. With this little amount, I think I wont be of a target of hackers/bad guys (a waste of time for them). Right?
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