Topic: Your thoughts about KYC - page 2. (Read 318 times)
I can send my docs to exchange or exchanger, I'm not afraid of it. But I really don't understand how can it helps to find illegals
I have passed KYC for the trusted exchange that I'm using for years when they asked me. I'm confident with them so I trusted them my information and passed the valid identities that they have asked me. But that's only on situational, if it's for those projects that asks me it's a BIG NO. Seems like many have passed KYC but only to the very trusted exchanges only.
Will you send your docs in KYC case?
Do you think that it really helps to find illegal activities?
Do you think that it really helps to find illegal activities?
When dealing with Fiat/BTC I always do kyc, if it's a trusted exchange with high volume and the exchange is respected in the community. There is no other option.
If I am doing only Fiat/crypto I never do any kyc, as it is usually not required. There are many good exchanges such as binance that doesn't require kyc.
Will you send your docs in KYC case?
Do you think that it really helps to find illegal activities?
I will not send my documents. As I know, KYC can be avoided by making small exchanges. In addition, you must learn in advance the rules for using the service, since each exchange has its own terms. For example, recently I used Chnagenow, in their rules it is said that they can sometimes apply KYC, however, it is possible to refuse, having received a refund. Other services do not provide such an opportunity, and it is good that I checked it in advance.Do you think that it really helps to find illegal activities?
We need to understand that KYC is a necessity since cryptocurrency fraud is becoming more common. I think this really holds back the scam.
Will you send your docs in KYC case?
Depends on who's asking for your KYC, shady exchanges? NO, ICO or projects? NO.
Do you think that it really helps to find illegal activities?
I think it's based on the premises that it can deter illegal activities because once authorities identify those address related to someone whose involved in criminality and then he cashes it out in a exchange that requires KYC then he could simply be arrested. That is if exchanges cooperate or shall I say harass and 'force' to give all the details because of AML.
Will you send your docs in KYC case?
Im not really into it as crypto is supposed to be not like that but we have no choice but to deal on that especially in an exchange where you always used their services or in a platform where you do your regular trading activity. of course only on reputable ones.
Im not afraid though on identity theft. Besides our personal infos is not that private generally if you know what I mean.
Do you think that it really helps to find illegal activities?
Generally yes. It can be a help and can served as one of a tool to traced something.
Will you send your docs in KYC case?
Do you think that it really helps to find illegal activities?
Do you think that it really helps to find illegal activities?
Jump to: