Trade Your Privacy to ₿itcoin? | Bitcointalksearch.org

Yatsan

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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.

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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.

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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.

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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.

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

jossiel

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I remember how blockchain.com promoted XLM because they've listed it on their wallet and asked for KYC just to be eligible to receive $25 worth of XLM as an airdrop.

And if that's in bitcoin, no doubt that many would love to join the craze and fill the KYC to get those precious bitcoin reward. But it will also depend on the platform that's conducting that KYC and if it is not trusted, many will not join.

White Christmas

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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?

In my case I have done so many KYC or submitted some kyc in order to pass the criteria of some exchangers in which I have been able to sent my personal information to the platform just to use the exchanger, and it feels annoying because here in cryptocurrency privacy is one of the precious way that we don't need to give in order to remain in our private life. If we will be able to choose one thing between our privacy and bitcoin I will still choose our privacy because it is also for our safety measures and etc. I will never do again revealing my identity just for a piece of bitcoin and this would probably will do by the same people just to protect their identity.

bitcoindusts

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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?

Well I already given my identities to exchanges and projects that requires KYC, so I do not think it will make any difference if I submitted it to get paid in BTC as long as it is not used in illegal means. What is it to have a second thought about it when we already done that several times?

yazher

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If the payment is reasonable, I would take the risk. just like doing some dangerous job, you need to risk your life. In this case, you only need to risk your Identity. well, that's kinda easy compared to bet your life on some dangerous job. For some users, they won't give their personal information because the price is not enough to cover their loses. that's why we have our own point of view regarding KYCs.

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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 always depend on the situation because there are other entities also that are paying for our privacy for their own benefits, so in this case even if they are willing to give a huge amount of bitcoin I will not trade my personal details to them as there is a big chance that they are going to use it in shady transactions.

But if for example in an exchange, I am willing to cooperate especially if they are doing it for our own good as there is a very low chance that they will leak our personal details as it will backfire to them also and they will loss their profit if it will happen. But so far, only in our local exchange that I gave my personal details.

CodyAlfaridzi

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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 depends on what the other party is using the identity data form. As long as they're just holding it for KYC and not malicious things, I'm okay with it, even more when there's BTC on the line. For example: exchange couraging users to KYC by giving away Bitcoin? Yeah I would sign up to that. I would also look at the other party capability to keep my data safely. If they seem capable and trusted, I would do it.

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Quote from: blckhawk on December 24, 2019, 09:24:10 PM

Definitely no. If you're talking about I already gave KYC documents, it's a different thing. Since exchanges hold some responsibilities and privacy policies of their own, whereas giving details on someone you don't know in the internet in exchange for BTC is extremely risky. It could be used on a wide variety of risks such as identity theft. And one also thing to note is that the amount you received might be smaller than the damage it would deal to you once you get involved with some problems from spilling your information.

That counts, if how much you receive than the amount of damage to expect. Knowing that you are going to provide you personal information and allow
others to possibly use your data doing illegal things.
For small amount of money, never risk your privacy, it's better to keep you private and safe than being targeted by hackers and scammers.

blckhawk

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Definitely no. If you're talking about I already gave KYC documents, it's a different thing. Since exchanges hold some responsibilities and privacy policies of their own, whereas giving details on someone you don't know in the internet in exchange for BTC is extremely risky. It could be used on a wide variety of risks such as identity theft. And one also thing to note is that the amount you received might be smaller than the damage it would deal to you once you get involved with some problems from spilling your information.

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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?

To be honest, I've like submitted to three exchanges so far. One for a local exchanges. And two exchanges that I need to pass KYC so that I can dump my tokens back then. But the thing is, the project suddenly says that they're no longer going to list their tokens in that exchanges.

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

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?

I guess the question is that with the advent of new regulations, sooner or later everyone will have to send and submit their info for KYC/AML. So what choices do you want? Of course there are DEX, but I'm sure more are trading in a CEX wherein KYC might be enforce.

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Quote from: julerz12 on December 24, 2019, 08:22:51 PM

Quote from: mu_enrico on December 24, 2019, 06:16:42 PM

They might sell their soul, kidney, sperm, etc., as long as the price is right.

I kinda laughed when I read this but yes, it is true. Although we can't really blame them for doing something similar with their privacy in exchange for a few Bitcoins.
Most people who does this usually don't have many choices, their need for privacy out weights their need to earn BTC.

We all know that there are really some people who will do everything in terms of earning. Even their privacy will be put aside just to earn. Aside from the reason that they don't have a choice, this is the only way they know how to earn.

Quote from: julerz12 on December 24, 2019, 08:22:51 PM

Quote from: mu_enrico on December 24, 2019, 06:16:42 PM

For KYC, IMO people from 3rd world countries might be satisfied with a mere $50.

Yes, it might be a mere $50 for some, but for those who are on these 3rd world countries, it could be worth their whole day meal.
In the end, I guess it boils down to how much does someone values their privacy. If they could live without it and have BTC in exchange, they'll go for it without any hesitation.

Yep, actually $50 is meaningful even in my country, not only a whole day worth of meal but it can last for days depends on how to spend it.
I do agree, it really depends on how you value your privacy in terms of needs in life.

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Quote from: mu_enrico on December 24, 2019, 06:16:42 PM

With all due respect to the OP, I think this thread might be more suitable to be discussed on the Bitcoin discussion.

Yes. Moved.

Quote from: mu_enrico on December 24, 2019, 06:16:42 PM

They might sell their soul, kidney, sperm, etc., as long as the price is right.

I kinda laughed when I read this but yes, it is true. Although we can't really blame them for doing something similar with their privacy in exchange for a few Bitcoins.
Most people who does this usually don't have many choices, their need for privacy out weights their need to earn BTC.

Quote from: mu_enrico on December 24, 2019, 06:16:42 PM

For KYC, IMO people from 3rd world countries might be satisfied with a mere $50.

Yes, it might be a mere $50 for some, but for those who are on these 3rd world countries, it could be worth their whole day meal.
In the end, I guess it boils down to how much does someone values their privacy. If they could live without it and have BTC in exchange, they'll go for it without any hesitation.

mu_enrico

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With all due respect to the OP, I think this thread might be more suitable to be discussed on the Bitcoin discussion.
.
.

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 think selling private information is not new. People might sell more than address, name, etc. for money. They might sell their soul, kidney, sperm, etc., as long as the price is right.

For KYC, IMO people from 3rd world countries might be satisfied with a mere $50.

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Quote from: exstasie on December 24, 2019, 05:23:47 PM

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?

To an extent. I completed KYC at Bitstamp and Coinbase years ago.

I limit the number of exchanges I do business with for this reason though. I appreciate my privacy and I don't want my tax ID# and documents being compromised by careless exchanges. So I use altcoin and derivatives exchanges that don't require verification.

I have had completed KYC requirements to several exchanges as well because to trade specific coins that are within their trading system, I have to comply their requirements. And I think, we have no choice one way or another. Because if you wanted your precious bitcoin to be in your fiat currency, very few options that you won't need to do the KYC. However, I carefully chose those exchanges and I also did research if that exchange is legit in the first place. But for some small exchanges asking for KYC, definitely no! One should know where you submitted your vital docs so in case something goes wrong in the future, you can easily pinpoint where it is coming from.

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You will temporarily possess bitcoin meanwhile your data will be saved by them forever. the case with KYC is that you are giving away your data for the sole purpose of complying with the AML program. Though, your data could be collected by the exchange if they are shady enough but if you are giving away your data for example to a phishy airdrop it's the same as selling yourself.

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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?

To an extent. I completed KYC at Bitstamp and Coinbase years ago.

I limit the number of exchanges I do business with for this reason though. I appreciate my privacy and I don't want my tax ID# and documents being compromised by careless exchanges. So I use altcoin and derivatives exchanges that don't require verification.

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Your private info is already being sold all over the place without you knowing. If there was an opportunity to monetize your own data the way that Google sells everything they know about you, probably want to look into it.

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People don't care about their privacy. On Bitcointalk there is a good example, you can see a good number of users praising privacy tools, currencies, and so on but they gave any personal info to exchange platforms for a few bucks, like coinbase that give $10 for I don't know what apprenticeship program. Even selfie, I'm sure if they ask their underwear size they will run to give it too.
It's no different than when you see them saying Bitcoin needs regulations for the mass adoption, I start to see them now crying because Bitcoin is being regulated here and there.
I find it ironic considering Bitcoin is a tool that gives us the ability to remain (pseudo) anonymous.

Quote from: panganib999 on December 24, 2019, 12:34:36 PM

Can you clarify what giving out personal details for BTC mean? I mean, if someone were to give me BTC just to know my personal details, let's say name age, I'd go for it. Heck, we already did KYC to exchanges so that they could allow us to trade BTC to them and from them. But there should be a personal limit to it. Let's say, my address is off limits, my Birth certificate ID is off limits, stuff like that. You know, information about you that could be specifically used against you, or could be used to take advantage of you. Plus, there'd have to be a legal document stating that the usage of my personal information would not conflict in the boundaries of the law, and would only work with it, not against it(law).

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

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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?

I never do those stupid steps to get the Bitcoin or any other things because already many data mining and data pulling companies available in this world and trace the many people location and personal information.
Once they learn they will get details from the data minting company, next their selling the details to the onion browser gangs.

jakelyson

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In the Philippines, most coins.ph users already traded their privacy because of KYC. And if you are processing large amounts, your account will be flagged for video interview and show of proof of income. Coins.ph is the most convenient way to convert bitcoin to PH peso and vice versa. In a way, we have to comply and trade our privacy because we badly need their service.

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Can you clarify what giving out personal details for BTC mean? I mean, if someone were to give me BTC just to know my personal details, let's say name age, I'd go for it. Heck, we already did KYC to exchanges so that they could allow us to trade BTC to them and from them. But there should be a personal limit to it. Let's say, my address is off limits, my Birth certificate ID is off limits, stuff like that. You know, information about you that could be specifically used against you, or could be used to take advantage of you. Plus, there'd have to be a legal document stating that the usage of my personal information would not conflict in the boundaries of the law, and would only work with it, not against it(law).

msarro

hero member

Activity: 788

Merit: 505

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?

My obvious reasons for not sharing my name, location and other credentials is that bitcoin usage is not allowed in my country.
Secondly, anonymity is one of the key feature of cryptocurrency. A compromise on that means we are willing to go back to centralized payment systems.

Lucius

legendary

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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?

In short, NO, because the misuse of personal data is one big problem and I personally try to avoid it at all costs. I personally have very good buying or selling options without KYC (for now), but I understand that others have no choice if they want to buy/sell BTC.

I think that many users in this forum show how far they are willing to go to earn a few $, they give all their information just to participate in the bounty, and completely ignore the risks arising from such practices.

I know some people who are become victims of their personal data abuse, and I can only say that it is a real nightmare that can destroy people not only financially but also psychologically.

Ucy

sr. member

Activity: 2744

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Compare rates on different exchanges & swap.

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?

BTCitcoin - pronounced BT-citcoin? Or you mean Bitcoin?
No. It can be scary sending ones private data to strangers online.
Well, I may consider doing that if I fully understand how my stuff will be handled, including knowing the penalties for mishandling them. Most people don't care too much unfortunately

aardvark15

hero member

Activity: 1008

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Yes I gave a lot of info to Coinbase to buy Bitcoins. However, even though Bitcoin is not completely anonymous in this way, it does allow me to take those Bitcoins and move them to a private wallet where I can store them without using a bank.

wheelz1200

legendary

Activity: 3836

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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?

I think in many cases most of us have given out our details at some point in time. I dont think going forward you can 100% remain anon if you want to be engulfed in the crypto market. Going forward most of the 1st world countries will require some oversight into crypto dealings at some point. So yeah I would but not to every new website that pops up asking for kyc

julerz12

legendary

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Telegram: @julerz12

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?

Topic: Trade Your Privacy to ₿itcoin? (Read 555 times)