Bitcoin wallet (online)

[CryptoMaxim 3829]

Good day to all. I wanted to know. The online Bitcoin wallet has a function of passing KYC. What are the restrictions for users who have not passed KYC ?

[rianpedia 816]

Usually for coin withdrawals will be stuck. There are also those who lock the popular coins so that users can verify KYC and make transactions very comfortably and freely.

[messiham 0]

HI DEAR

[magd 5231]

When you want to use KYC, you need several documents, so you may suffer from slow processing of the request in addition to putting a lot of your personal information that should not be shared with anyone, but it is a step of safety. As for the rest of the information, please take advantage of the advice of friends.

[Shahud 1319]

in most of the wallets and exchange kyc is mandatory.once we submit our documents for kyc it eill take some time to give us approval.but it also gives a advantage of being a true user hence it increases relationship between wallet and user.and the person who is not completed his kyc will not be able to withdrawal cryptocurrency.or there will be having some limits for withdrawals

[BitcryptoHan 2557]

On 4/26/2020 at 9:42 AM, CryptoMaxim said:

Good day to all. I wanted to know. The online Bitcoin wallet has a function of passing KYC. What are the restrictions for users who have not passed KYC ?

There is not restriction, you can receive and send cryptocurrencies on blockchain wallet, only what KYC is required for is for airdrops on the wallet, if you do not do the KYC, you will not be able to claim airdrops. 

[Hatred 1388]

On 4/26/2020 at 4:42 PM, CryptoMaxim said:

Good day to all. I wanted to know. The online Bitcoin wallet has a function of passing KYC. What are the restrictions for users who have not passed KYC ?

Well, if you cannot passed the KYC rule of the wallet, then don't tend to use it anymore. It is because you can't access or you can't use it to store your coins there. So you must accomplish the kyc rule. You just need to submit information they want to know so you can access the wallet and use it for your future storage of bitcoin.

[SuperCrypto 7193]

On 4/26/2020 at 11:42 AM, CryptoMaxim said:

Good day to all. I wanted to know. The online Bitcoin wallet has a function of passing KYC. What are the restrictions for users who have not passed KYC ?

In fact, my friend, I am trying to move as far as possible away from the wallets and platforms that require the transmission of documents and personal data because they thereby eliminate the privacy and decentralization of cryptocurrencies and the financial freedom that the crypto user is supposed to enjoy.

[Saj555 2250]

Without passing the KYC a user cannot have the  access to enjoy all the features. Because the wallet that requires kyc is actually for the security of the users. So as now we can see that without kyc process you cannot trade or withdraw the currencies that is in the wallet or the exchanges. So this is a compulsory  for all  the users. 

[BitcryptoHan 2557]

On 5/3/2020 at 4:51 PM, dshuy20 said:

For online wallets that need KYC, you need to complete it before participating in the activity there, as that is considered a security from this wallet.

KYC is not considered as a security because on non custodian wallet, you can be secured, even people recommended non custodian wallet for more security and safety. 

[Raqeebzy 6456]

As long as your wallet uses KYC, if you don't pass it, you can't have access to your currency. You cannot access your funds, you cannot access any other services, except you pass it first. 

[Calvinpriva 17296]

You will not have access to all services of that site which you have not pass the KYC verification. Its hard sometimes, but we should try with other documents to pass it so that we can access all great services to some sites.

[George10 9932]

On 4/26/2020 at 10:42 AM, CryptoMaxim said:

Good day to all. I wanted to know. The online Bitcoin wallet has a function of passing KYC. What are the restrictions for users who have not passed KYC ?

It differs between wallets because some they restricts the number or amount of transactions you can be doing daily or annually and some they might deny you some of it's services like the ability to deposit funds to your wallet until when you complete kyc verifications but there are many wallets like coinbase that can be used where kyc is not mandatory but in future I'm afraid they can add some restrictions.

[BitcryptoHan 2557]

8 hours ago, Calvinpriva said:

You will not have access to all services of that site which you have not pass the KYC verification. Its hard sometimes, but we should try with other documents to pass it so that we can access all great services to some sites.

To use this wallet is not perfect for me, when data can leak on website, I will like to remain unknown, atomic wallet and many hardware wallet can help, for bitcoin wallet, I will prefer electeum wallet instead of kyc wallets. 

[Soaib khan 1035]

as far as I know if you don't complete kyc verification then you can't send and receive money in that wallet and this wallet is launching airdrop in which you can't also participate 

[Whited35 15285]

Most of online wallets if they require KYC and you have not fulfilled the KYC requests, there will limited services for you like daily withdraw or trading limits. You can see the case of Coinbase or Blockchain wallet. They both restrict you for using the full services if you have not verified the KYC. 

[BTC Future 3946]

On 4/26/2020 at 11:42 AM, CryptoMaxim said:

Good day to all. I wanted to know. The online Bitcoin wallet has a function of passing KYC. What are the restrictions for users who have not passed KYC ?

I will only advice you not to use any web-based wallets. They are the weakest in terms of security. If you want to have a wallet on your pc you can download electrum wallet (From Official Sources only - be safe there are fakes) and have a really good desktop wallet to hold your Bitcoin. 

Also I'm advising everyone to avoid anything that asks for KYC. 

[betelihem 4766]

On 4/26/2020 at 11:42 AM, CryptoMaxim said:

Good day to all. I wanted to know. The online Bitcoin wallet has a function of passing KYC. What are the restrictions for users who have not passed KYC ?

Then you won't get your money, you can't send your money to your bank or to other wallets or sites if you don't pass the KYC verification, but i think you can rest the KYC verification by using the rest mode on your wallet.

[scorpiali 5626]

To verify your wallet is more feature that you can use nothing else not more,but you can use the wallet like any other wallet to store your coins like coinbase and blcokchain wallet ,even you dont verify the wallet you dont have any problems 

[Zaino34 0]

I do not prefer to use wallets that require KYC and instead I prefer to use wallets that do not require this feature and you can send and receive money easily like blockchain wallet it does not require KYC

[Honny143 13612]

Now some online wallets do kyc compulsory because they want their user genuine not fake, and use their wallet for money laundering are illegal activities, so the user not verify their identity then this wallet not gives full access to operate their account, like user can't withdrawl their funds and not send huge amount to others, means they can't use this wallet properly.

[BitcryptoHan 2557]

5 hours ago, Honny143 said:

Now some online wallets do kyc compulsory because they want their user genuine not fake

No Kyc wallet users does not mean they are fake. 

5 hours ago, Honny143 said:

and use their wallet for money laundering are illegal activities,

So far there is money laundering using fiats and banks with full KYC, that means there could be money laundering in KYC wallet too. Scammers are wiser than that. 

5 hours ago, Honny143 said:

so the user not verify their identity then this wallet not gives full access to operate their account, like user can't withdrawl their funds and not send huge amount to others, means they can't use this wallet properly.

No kyc wallets are plenty that KYC wallets, and users have total control of their wallet unlike KYC wallets users aslo have access to his private keys which means they are the owner of their own wallets. 

[Brand1 1336]

There are many wallets that adopt and require the kyc system so that it allows users to access all of its properties. As for me, I do not like these wallets and this system never because it is possible that the wallet is fraudulent and steal all of our personal documents and use them in illegal matters so it is better to use wallets that do not Ask kyc users

[gourav789 2834]

let's took a example of blockchain wallet , for non KYC users , there is a low amount of daily withdrawal limits as compared to kyc passed user , without KYC you also can't Join Airdrops there .

[Treat1234 0]

On 4/26/2020 at 9:42 AM, CryptoMaxim said:

Good day to all. I wanted to know. The online Bitcoin wallet has a function of passing KYC. What are the restrictions for users who have not passed KYC ?

The kYC verification is just to capture your identity and save it for reference purpose you will not unlock some features if you do not pass kYC test.