Topic: Worst case if I submit my passport to an exchange? - page 2. (Read 329 times)
Your personal information could be sold on the web. You can't know if the site can be hacked in the future. for example and since you talk about Bittrex, if I'm correct, it has lost some data years ago. Someone could duplicate your passport, go to a bank to open n account and get a loan within 24 hours. And you will be the one with the problem, even if you can prove to the bank someone used your identity, it can be a real nightmare.
Hello,
Bittrex is trying to force me to submit my passport. Otherwise they will lock my account, they say.
What is the worst case that can happen if I submit my passport? Isn't this extremely dangerous? For example, if any employee or a hacker or whoever uses my passport to register with any other exchange and does some shady shit like money laundering there, I can't prove that it isn't me, because authorities will say, that I provided my documents. Or let's say somebody creates an account with my documents on another exchange and my tax authorities come to know from this account, they will say I have to pay taxes for all trades with this account. Do I exaggerate this or can it ruin me in the worst case if I submit my passport to any exchange?
I hope I can get my funds out before they lock my account. But in case they lock it before, I don't know what to do at the moment.
And another question. Can I verify with my driver's license on Bittrex? I think the risk mentioned above would be lower, but I still don't wanna do this, because authorities could say the same, even if it's "only" a driver's license.
Bittrex is trying to force me to submit my passport. Otherwise they will lock my account, they say.
What is the worst case that can happen if I submit my passport? Isn't this extremely dangerous? For example, if any employee or a hacker or whoever uses my passport to register with any other exchange and does some shady shit like money laundering there, I can't prove that it isn't me, because authorities will say, that I provided my documents. Or let's say somebody creates an account with my documents on another exchange and my tax authorities come to know from this account, they will say I have to pay taxes for all trades with this account. Do I exaggerate this or can it ruin me in the worst case if I submit my passport to any exchange?
I hope I can get my funds out before they lock my account. But in case they lock it before, I don't know what to do at the moment.
And another question. Can I verify with my driver's license on Bittrex? I think the risk mentioned above would be lower, but I still don't wanna do this, because authorities could say the same, even if it's "only" a driver's license.
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