Topic: Will You Circumvent KYC if You Can? (Read 474 times)
I probably would but only at certain situations. Not all wallets require kyc so peer to peer transactions would still remain anomymous. Also, paper wallets and hard wallets, which i think is a lot safer, doesn't require kyc. For exchanges, i think there's nothing we can do but abide. I'm not dealing with huge amounts of coins anyway so i'm a bit indifferent when it comes to kyc in exchanges.
Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/
Why not? We don't want to exposed our personal data just to be able to withdraw our bitcoin to fiat, so if there's a way then I think I will go for it. Specially that there are reports that many of crypto traders information have been leaked many times before, so I would rather try to work around to circumvent KYC if I can, just saying.
Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/
Why not? We don't want to exposed our personal data just to be able to withdraw our bitcoin to fiat, so if there's a way then I think I will go for it. Specially that there are reports that many of crypto traders information have been leaked many times before, so I would rather try to work around to circumvent KYC if I can, just saying.
I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/
Firstly my question to you is that, why you want to run such a business that you want no one to know? I have seen this kind of attitude in my local marijuana seller who wants to keep his business within a very private group of people!
I would try to circumvent kyc only if I am willing to run an illegal business. Othersie, it makes no sense to hide it from the society!
I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could?
Let it be cleared that it is not Bitcoin that is getting to be like a central bank but the many services and platforms somehow or one way or another connected with it or using it. Now, I think that the only we can get away from the KYC is if we are doing P2P but that is not the case these days because we still prefer third party platforms whom we feel offer more convenience and other benefits. In other words, if we don't like to do KYC with a site then we just don't use it, am sure nobody can force us if we refuse. On the hand, there is nothing we can do if a certain provider is not going to exempt us from their KYC and will not allow us to continue to enjoy the said platform.
I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/
KYC is needed if you lose control of your own account, not to centralize. Centralization occurs when you have a certain amount then you are asked to pay taxes for it. 
there are so many kyc systems in crypto nowadays, even some airdrops must use kyc, but if the value of the prize is great I will do that.
at first I did not like the kyc system, but after I thought this kyc was quite useful for a time when we lost money. because there is a lot of fraud out there.
at first I did not like the kyc system, but after I thought this kyc was quite useful for a time when we lost money. because there is a lot of fraud out there.
There are way too many websites asking for name, address, e-mail just to grow their databases to sell it or at least spam later on.
If there are no funds involved, I will most probably use fake data, from X X to some random name.
But where funds are involved I either put real data, either leave. And that's because for whatever reasons I can lose money if it's not my name there.
If there are no funds involved, I will most probably use fake data, from X X to some random name.
But where funds are involved I either put real data, either leave. And that's because for whatever reasons I can lose money if it's not my name there.
I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/
Firstly my question to you is that, why you want to run such a business that you want no one to know? I have seen this kind of attitude in my local marijuana seller who wants to keep his business within a very private group of people!
I would try to circumvent kyc only if I am willing to run an illegal business. Othersie, it makes no sense to hide it from the society!
One of the reasons I fell in love with Cryptocurrencies is the fact that I can make transactions fast and anonymously, people simply like their privacy and this isn't a crime but the society is constantly finding more and more creative ways to part with every details about us and many see Bitcoin and Cryptocurrencies as a way to do this, so ofcourse, we would always find ways to circumvent except in cases where we absolutely have no other choice.
In my opinion KYC procedure is needed at least in order to avoid frauds, but not everywhere.
I strongly disagree with this, KYC just forces criminals to hide their activities better, they would just find better and more creative means to hide their illegal activities, I think the KYC is just enforced so that they would have the upper hand and not because of any practical reasons. 
But what we have today is Bitcoin that is increasingly becoming another central bank.
Bitcoin is decentralized, but service providers such as exchanges and Wallets are privately owned (centralized) and must comply with government laws. Only good bitcoin laws can create good conditions for people to feel good about doing KYC and having their data protected.
Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/
There is a serious problem with this question of KYC. Why the hell should people do KYC in an exchange where the owner is anonymous and has no license? It makes no sense that an anonymous, non-government-licensed exchange requests that your customers make KYC
theres really serious prob in that scenario! why would they ask kyc in the first place? but for the users, if the exchange will screw them, they dont have to complain because they should know who they are dealing with to begin with
i accept the fact that we need to comply kyc at a certain level. but for small amounts, i dont think its fair to even submit our vital docs
But what we have today is Bitcoin that is increasingly becoming another central bank.
Bitcoin is decentralized, but service providers such as exchanges and Wallets are privately owned (centralized) and must comply with government laws. Only good bitcoin laws can create good conditions for people to feel good about doing KYC and having their data protected.
Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/
There is a serious problem with this question of KYC. Why the hell should people do KYC in an exchange where the owner is anonymous and has no license? It makes no sense that an anonymous, non-government-licensed exchange requests that your customers make KYC
there is no way for it, we must follow the rules provided by the market, and even then one of the prevention of fraud, it is a good step, if you do not agree with it, lest you are the problem, or if you are a criminal and a cheat. . !!
Bitcoin as Central bank? how can you see up to that point. Bitcoin itself can't implement KYC but the exchanges that has bitcoin listed on their platform. How could bitcoin implement such gov't matters like KYC or being a central bank if its alone?
Does sound like Bisq promotion already.
Yes, most likely.
In my opinion KYC procedure is needed at least in order to avoid frauds, but not everywhere. Some services use KYC for fishing. And of course I am not happy that in some way or somehow may be partially government uses this procedure to control such processes. But we should remember that without any control at all it will become a real chaos in every direction of peoples lives. So may be partially KYC is needed. But it is better to be attentive with unknown and strange services that just may use all the information you gave against you.
Nowadays, usually, crypto exchanges required KYC/AML to their clients. So, the fact that we can't stay hide and become anonymous in crypto because once we want fiat and our crypto asset will be converted into fiat we must pass first the KYC verification. Bypassing those requirements is really hard to fake because it is also required a video interview which is hard to escape.
Really? They wanted you to send them a video? This is very rare. I'm using more than 5 different exchanges and none of them wanted a video.
I don't need to circumvent KYC because i'm selling so little every year that I'm fine with the limits exchanges impose on unverified users. Maybe if they all start to demand KYC even if you're withdrawing small amounts then I'll think of something.
Yes. The reason is simple, because the government is just a bunch of people just like us and we do not need to bend the knee to everything they
say. Imagine if these people knew everything that you did with your money... they can use that against you if they wanted to. Let's say they want
something from you and they track all your financial data and they see you visiting brothels or buying g-strings for your girlfriend... then they would
have leverage to force you to do what they want. Information is power and power in the wrong hands are toxic.
say. Imagine if these people knew everything that you did with your money... they can use that against you if they wanted to. Let's say they want
something from you and they track all your financial data and they see you visiting brothels or buying g-strings for your girlfriend... then they would
have leverage to force you to do what they want. Information is power and power in the wrong hands are toxic.
What is all the fear about? Never had bad experience with KYC, except when they were declining perfectly good photos because of "quality issues". I mean, what can they do with your data to hurt you? One security measure I do is I put watermark over photo of my ID.
just a little anxiety about data misuse and anonymity, in fact it doesn't really matter, this is the second trend after anxiety about its relationship with taxes in the future.two months ago hackers leaking user data in the 2018 period from binance exchange, if your data and photos (with watermark) are included there, are you comfortable with that? if I were, of course not.
Will they accept it if you put watermarks to your photo? I have tried cropping my photos when I send it to the coineal and they refuses to accept it because they think I have done some cropping. I don't know how they come to such conclusion but yes I did crop to make compress the side at the same time since there is the limit of file size to send. Let alone adding watermark.
Hackers are hacking exchanges though so you having some information there is that they can use your information or sell it to register to something else.
Nowadays, usually, crypto exchanges required KYC/AML to their clients. So, the fact that we can't stay hide and become anonymous in crypto because once we want fiat and our crypto asset will be converted into fiat we must pass first the KYC verification. Bypassing those requirements is really hard to fake because it is also required a video interview which is hard to escape.
They are still registering on revolut and giving them their real data. If you don't there's a risk that if revolut ever blocks your account you won't have a way to prove that you own the account. There are many ways to unblock an account but all of them come down to giving them some of your private data, at the very least your real name, address and phone number. Doe it really help you protect your data? Instead of full KYC where you send them your ID you get to only fill the gaps in their form.
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