The "Basic information" that most exchanges ask for entry level KYC verification (such as phone number, email address, Name, Country)can actually be forged and even edited if the exchange has not yet implemented mandatory KYC verification. So, I personally find such Information not a big deal.
The issue is the part where I have to upload my documents, my face, Source of income, my employer, how much I earn and perhaps even show them the exactly street and building where I live.
But we also have to know that even by just visiting the site and signing up, we are giving a lot of this information to this website through the browsing history data, location history, network status, Device type and ID etc
Topic: What do you actaully consider KYC in terms of information that has to be given - page 2. (Read 201 times)
April 27, 2023, 06:17:25 PM
April 27, 2023, 02:20:23 PM
So, for me the 1st 2 are not a big deal. It's just the last one that *I* think is KYC.
What do the rest of you think? And do you really care so long as there are non KYC options.
What do the rest of you think? And do you really care so long as there are non KYC options.
I agree with you, email + phone numbers are not a big deal and I would not consider them as KYC verification, more like security. Having a spare phone number or registering a new email address is very easy, and such data does not mean much. For a one-time pass of such "KYC", you can always use temp mail or temp sms service.
Personally, for regular KYC where identity confirmation is required, mostly if I have a choice I use a driver's license. I am of the opinion that in some bad course of the situation, less damage can be sampled by a driver's license data than by a personal ID or passport.
April 27, 2023, 01:40:04 PM
With more and more exchanges asking for KYC, and some people being a bit more privacy oriented / or even just caring about it then others. I was just wondering what people thought of KYC info vs. 'whatever info'
Picking on localcoinswap.com they ask for an email address to sign up that then then send a code to for verification and then a cell phone that they can send a text to.
That's it. But some people consider that KYC. I look at it as since I have a few phone numbers that cannot be tracked back to me [no real reason just wound up with them] that it's not KYC. Send me a text, to that number I really don't care.
Some places go deeper and ask for an address and other things but really never verify it. I have a few places that think I live in a building that was torn down a few years ago.
Then you have the 'full anal probe' KYC
So, for me the 1st 2 are not a big deal. It's just the last one that *I* think is KYC.
What do the rest of you think? And do you really care so long as there are non KYC options.
-Dave
Picking on localcoinswap.com they ask for an email address to sign up that then then send a code to for verification and then a cell phone that they can send a text to.
That's it. But some people consider that KYC. I look at it as since I have a few phone numbers that cannot be tracked back to me [no real reason just wound up with them] that it's not KYC. Send me a text, to that number I really don't care.
Some places go deeper and ask for an address and other things but really never verify it. I have a few places that think I live in a building that was torn down a few years ago.
Then you have the 'full anal probe' KYC
So, for me the 1st 2 are not a big deal. It's just the last one that *I* think is KYC.
What do the rest of you think? And do you really care so long as there are non KYC options.
-Dave
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