Trade Your Privacy to ₿itcoin? | Bitcointalksearch.org

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

Quote from: daarul50 on December 25, 2019, 07:59:21 AM

Quote from: julerz12 on December 24, 2019, 10:13:29 AM

Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?

the title a little bit misleading lol

i thought it is kind of get through the kyc and get rewarded by some bitcoins haha , eventhough i do really love my privacy but when it comes to have no choice to completed the kyc in order to be able start buying bitcoin i think it is just fair and worth the risk.

but in case there is a lot of option available to buy bitcoin without have to provide those documents, hell no.
i do anything to acquire bitcoin.

That is not misleading lol, because most of the bounty needs KYC and I think that's one kind of selling your information for a bitcoin/altcoin, and sometimes when there's a new trading platform to exchange your bounty rewards, there's a need to pass KYC again. That is not good because I heard some news that those shady exchanges are selling their user info in exchange for money. We need to be cautious about our personal information. Just my opinion don't do KYC unless it's badly needed.

daarul50

legendary

Activity: 1596

Merit: 1034

Quote from: julerz12 on December 24, 2019, 10:13:29 AM

Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?

the title a little bit misleading lol

i thought it is kind of get through the kyc and get rewarded by some bitcoins haha , eventhough i do really love my privacy but when it comes to have no choice to completed the kyc in order to be able start buying bitcoin i think it is just fair and worth the risk.

but in case there is a lot of option available to buy bitcoin without have to provide those documents, hell no.
i do anything to acquire bitcoin.

Shimmiry

full member

Activity: 840

Merit: 105

★Bitvest.io★ Play Plinko or Invest!

Quote from: d3nz on December 25, 2019, 07:41:12 AM

Quote from: julerz12 on December 24, 2019, 10:13:29 AM

Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?

We don't have any choice but to provide our personal information for us to be able to withdraw our funds from exchanges and we all know that some of them are has limits in terms of making a withdrawal on our account and it really inconvenience on our end if we didn't get our funds in time.

Providing our personal information is really risky because it might use against us and could be identity theft.

I think that's not fair because even the bitcoin has a very volatile price there is a possibility that your income will fall too and also the information of each individual is very important. Today they use the information of other people to hack their bank accounts, identify where do you live, where you work and how much money you can earn monthly. By that just simple information, they can make a hilarious crime by using your identity and also you will be the one who finds by the people because they use your name and all of your information to commit a crime. As a friendly reminder, even the price of the bitcoin is very high and good don't sell your information to them because it is like your like change to tons of money, but you cannot live well because of the danger you can face if they use your information.

d3nz

sr. member

Activity: 1372

Merit: 264

Quote from: julerz12 on December 24, 2019, 10:13:29 AM

Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?

We don't have any choice but to provide our personal information for us to be able to withdraw our funds from exchanges and we all know that some of them are has limits in terms of making a withdrawal on our account and it really inconvenience on our end if we didn't get our funds in time.

Providing our personal information is really risky because it might use against us and could be identity theft.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

I only do that if absolutely necessary. I have done KYC in some exchangers, but to be honest, I have completely avoided using my personal data. but, for new developments, it seems like it's worth it. it's about the business of buying and selling if it's absolutely necessary, I'll do it. because of this, I do not feel that I trade my privacy for crypto or bitcoin.

xZork

hero member

Activity: 1249

Merit: 506

Although I have very limited publicity of identity and personal information, sometimes I still have to KYC for the cryptocurrency trading I am using. I usually use the binance exchange, although binance does not require KYC but it is too dangerous to leave my money without any protection so I decided to implement KYC.
With the exception of Binance, I do not conduct KYC for any cryptocurrency exchange, if there are any transactions that require KYC to be able to participate in the transaction, I will definitely ignore it.

DabsPoorVersion

sr. member

Activity: 1260

Merit: 315

www.Artemis.co

As for me, I am not gonna trade or risk my identification with Bitcoin.
I undergo KYC only to trusted exchanges and nothing more. I don't pass KYC even in bounty campaigns before since I wanted to secure my identification as much as I can.

altcointalk14

sr. member

Activity: 751

Merit: 253

If you are using bitcoin and crypto for legitimate use then there is no harm in providing your credentials.
But the real fun of cryptocurrency is using it with anonymity and many prefer to use it without sharing their credentials.
I rarely participate in bounties/ICOs that require KYC, since I am not sure who is at the other end.

Boov

sr. member

Activity: 868

Merit: 256

Quote from: Ailmand on December 25, 2019, 03:38:58 AM

I had done a number of KYC for some bounty and to register in some exchange, so providing some information for bitcoin might not be a problem for me. I would only disclose personal information if it is a trusted site or for a good purpose, but if not, I would not risk my credentials being disclosed.

Me also, I would choose in where do I pass my KYC, so far I did not encounter any problems about that. Better to pass KYC in campaign that is you are sure that will not use your KYC somewhere else, we can easily destinguish those fake and scam projects.

Ailmand

hero member

Activity: 1274

Merit: 519

Coindragon.com 30% Cash Back

I had done a number of KYC for some bounty and to register in some exchange, so providing some information for bitcoin might not be a problem for me. I would only disclose personal information if it is a trusted site or for a good purpose, but if not, I would not risk my credentials being disclosed.

bitcampaign

sr. member

Activity: 1918

Merit: 268

20BET - Premium Casino & Sportsbook

usually not all exchanges ask for KYC if withdrawals are below normal limits, but what gives KYC privacy is usually for investors who have big money and why should we do KYC we know a lot about the discussion of money laundering, maybe in this case you can see some exchanges also prevent people this and ask for their personal documents, but if you are only a small trader do not have to provide documents or you can go to DEX

bounceback

sr. member

Activity: 2086

Merit: 283

Vave.com - Crypto Casino

Quote from: julerz12 on December 24, 2019, 10:13:29 AM

Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?

maybe in the future we will see all crypto exchanges will require us to commit KYC or AML even today some of their governments also ask local crypto users to do KYC on the grounds to avoid money laundering or other crimes. and now I have also done KYC on a number of local exchanges just because I am sure that local exchanges will maintain my privacy well and will not be misused.

asus09

sr. member

Activity: 1344

Merit: 270

Quote from: julerz12 on December 24, 2019, 10:13:29 AM

Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?

If trusted exchange market why not to submit KYC and give our located, name and any privacy data. When looking whit shit exchange market and not trusted better keep trading with little amount for withdrawing or looking for other exchange market to sell our coin without need KYC, some time I afraid when our privacy data for submitting KYC use for other thing.

ragavancoin

hero member

Activity: 1432

Merit: 500

Nowadays all crypto exchanges or other crypto services asking to the customer to complete the KYC to use the benefits of services as per AML rules. It will be helpful to trade your details over bitcoins other than this option there is no one can trade your details over the Bitcoin because it is a decentralized and it is very difficult to identify your personal details through bitcoin.

bitvalak

sr. member

Activity: 868

Merit: 267

SecureShift.io | Crypto-Exchange

I will only verify KYC in exchanges that do have a good reputation. Because I believe a good exchange always has a good impact on our privacy as members.
What often happens is the case of misuse of identity in exchanges that have a bad reputation or in new projects whose reputation is very bad.

k@suy

sr. member

Activity: 882

Merit: 269

Quote from: julerz12 on December 24, 2019, 10:13:29 AM

Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?
I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?

Its big NO for me, I can earn in another way , that is not needed that kind of thing, I would not exchange my identity for just money, because it can affect my whole life, and will destroy me, if that campaign is scam and not real, they can sell my info and the worst thing they can sell my identity for their own good, so its NO for me.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: julerz12 on December 24, 2019, 10:13:29 AM

Would you be willing to trade your location, name, and any other private and personal details over BTCitcoin? Yes? No? Why?

I know many of us have already submitted countless documents to various cryptocurrency exchanges just to pass their KYC process and comply with AML but how far would someone be willing to give up just to get a part of that precious BTCitcoin?

it is odd that you mention these two in the same place since there is a huge difference between selling your privacy for bitcoin and going through KYC.
selling your privacy is something like what blockchain.com has been doing, they ask you to submit your documents and in return they paid you some garbage altcoin and called that "free".
otherwise going through KYC process for a regulated exchange is simply abiding by law and there is nothing wrong with that. you are doing it elsewhere too for example if you wanted to enter some other market, run a business,... so you are already not-private and focusing only on bitcoin is strange...

Eugenar

sr. member

Activity: 1274

Merit: 278

In some sense yes, what I just need to verify if the site is using and following the universal protocol of protecting the identity of their users, including the proper encryption of data and passwords. As well as if they are somehow regulated. I don't really pass any KYC do decentralized platforms as for me it is quite risky though, trusting centralized sites might be so hard but with the compensation they are willing to provide especially if you have tokens to exchange, then it is worth to risk your privacy, and it might be a matter of luck if they will not use it against you in the future. So, make sure to gain, and make sure to accept the consequence as well.

Aveatrex

sr. member

Activity: 840

Merit: 375

Quote from: LeGaulois on December 24, 2019, 04:50:00 PM

It's not only about trusting a 3rd party and to be afraid to have your information sold/hacked it's also about Big data.
It's like with the loyalty card programs from the supermarket, they can know you and your family better than you. They know when your wife has her menstruation, they know what your children eat, how many showers per day you take, etc, etc. You can imagine a lot of stuff

Haha.I see what you are referring to,there is a lot of that stuff in our country.Though, who cares about these informations? I mean, I'm more concerned about people who share their entire life in social media,KYC etc.. purposely than knowing that some big company knows my daily habits.Actually,it starts getting dangerous when these companes make some stats/analysis of these collected out of that data and resell it to third parties to be used for advertisement targetting.

Getting back to people who accept to give out personal info for some bullshit ico whitelisting or airdrop,meh, it's just my opinion,knowing how much paranoid a person can become,it's worth it.

maydna

hero member

Activity: 2912

Merit: 556

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

I already send my document to the exchanges, so the answer is yes. But I only want to send the document to the recommended exchange, which has a reputation. I don't mind to do that because I know that is part of using the exchanges for searching more money from the exchanges.

But if the document is only used to participate in the bounty campaign to get some reward from the project, I think I will think twice before I send the document. I don't know that the project can protect the user or participant or investor data, so I will search for another info about that. I will make sure that they don't use the document for illegal things or something wrong.

Topic: Trade Your Privacy to ₿itcoin? (Read 534 times)