Topic: Will You Circumvent KYC if You Can? - page 3. (Read 481 times)
I would, if I could. Even if I know full well the implications and what effect could it have on me if I get caught, I'd still do it knowing how KYC works and how details are leaked almost every other day in the scene. Though DEXes can be utilized somewhat for the sole purpose of not giving up ID verification, no one can compete against the volume and liquidity centralized exchanges provide, so if there really is a chance to circumvent KYC or submit fake documents, I would do it.
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All that aside, I agree with you. I can't stand the kyc requirement on exchanges and I refuse to do it, but I wouldn't try to bypass any kyc procedures since I don't want to get snagged for fraud. And I understand that exchanges *have* to abide by the rules of the gov't of the country in which they operate. They don't have a choice, and as much as I hate it, that's how it is.
I don't think Bitcoin is becoming central at all, you could possibly say some of the services surrounding bitcoin and the entire crypto-currency scene are getting to a point where they are more centralized and owned by companies, but keep in mind bitcoin is still the same coin it's always been.All that aside, I agree with you. I can't stand the kyc requirement on exchanges and I refuse to do it, but I wouldn't try to bypass any kyc procedures since I don't want to get snagged for fraud. And I understand that exchanges *have* to abide by the rules of the gov't of the country in which they operate. They don't have a choice, and as much as I hate it, that's how it is.
KYC on exchanges is tough, but there are always decentralized exchanges and services like Changelly, etc, that are able to offer you a very pleasant experience trading, without any ID verfication.
Does sound like Bisq promotion already.
Not really, BISQ is a pretty well known decentralized exchange and it's a fair example. 
is this a legit question or BISQ marketing?
and it says in the article that attempts to circumvent KYC checks result in accounts suspended by Revolut
all of the exchanges have to comply with the AML laws and they do not want to be responsible for any problems that could arise if you buy an a-bomb and pay with bitcoins
I hate KYC , do not get me wrong , but this is how it is now , the laws are here and you cannot just ignore them or try to circumvent them
ignorantia non est argumentum - even if you do not know something it doesn't remove responsibility
so when using the services like the one in the article , be prepared for potential troubles
you will have to provide your documents to unfreeze your account anyways, so why risking it first place
and it says in the article that attempts to circumvent KYC checks result in accounts suspended by Revolut
all of the exchanges have to comply with the AML laws and they do not want to be responsible for any problems that could arise if you buy an a-bomb and pay with bitcoins
I hate KYC , do not get me wrong , but this is how it is now , the laws are here and you cannot just ignore them or try to circumvent them
ignorantia non est argumentum - even if you do not know something it doesn't remove responsibility
so when using the services like the one in the article , be prepared for potential troubles
you will have to provide your documents to unfreeze your account anyways, so why risking it first place
I really do not like to increasingly provide my personal data in all activities related to cryptocurrency. Therefore, if possible, I will bypass everything related to the KYC check, where I need to indicate my personal data. On cryptocurrency issues, there seems to be a constant confrontation between people and governments. I understand that this is primarily due to the payment of taxes and it will have to be paid. However, this apparently necessary goal will inevitably hide various abuses by various government representatives.
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/
I mean, there's always a way to avoid KYC, isn't there? Could always fake your identity, which is highly illegal and definelty not recommended. It's still fairly easy to avoid using exchanges and other KYC-requiring platforms nowadays, unless you trade heavily.I am able to work with crypto-currencies fairly well by just not dealing with platforms that want KYC, Paxful, localeth, some P2P dealers, and then some decentralised exchanges + Binance (no KYC here), means I never need to show my ID.
The way around it isn't that hard to find.
Does sound like Bisq promotion already. If you really will want to get around with exchanges asking for KYC, you don't even have to go to an exchange with lesser volume to the tokens you were trying to trade. There are certainly users who are selling their exchange accounts which you need not to send any documentation at all after that. Its not something anyone should practice doing but traders are already doing it.
But what we have today is Bitcoin that is increasingly becoming another central bank.
Nah, I don't think that's the case. It's true that if you want to buy bitcoin with fiat you'll probably have to do it through an exchange requiring kyc, but there are enough ways around that. As a kind of extreme example, you could buy or sell bitcoin face to face with cash and that does happen, and no kyc is needed. Plenty of people even use the currency exchange section on the forum to do deals as well.All that aside, I agree with you. I can't stand the kyc requirement on exchanges and I refuse to do it, but I wouldn't try to bypass any kyc procedures since I don't want to get snagged for fraud. And I understand that exchanges *have* to abide by the rules of the gov't of the country in which they operate. They don't have a choice, and as much as I hate it, that's how it is.
Anonymous is good to some extent don't you think? I mean if everyone is privately doing business without the government having any clue on what they are doing it will be very dangerous, such level of privacy can result to people having bad plans or doing shady activities without any form of control, I think there should be a little bit of control to keep things in other and that's the role kyc is playing,
As much as kyc dislike by many, it has it's purpose.
As much as kyc dislike by many, it has it's purpose.
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/
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