KYC-Know Your Customer

[Hamza 2.2 631]

All directed exchanges must execute KYC as an interest of the legislatures, In later years members will confide in managed exchanges more than unregulated ones. In any case, in case i'm been straightforward members needs incorporated trades despite the fact that we disdain KYC verification.

[Nicole018 4548]

In my opinion only share your personal documents with those that you are sure is authentic and genuine and your information is safe with such institution. If not I request not to share your personal information with other sites or users. you will never know in what form or in what way they would use these personal information against you. So it is better to be prepared and not to indulge with those persons.

[huesca123 946]

You have every right to be wary or suspicious of KYC Exchanges / Brokers ( or any thing that asks for KYC ). I agree that maybe a min. of identification is needed, but sometimes they ask for so much personal info, that isnt needed. I wonder why they ask for so much personal info.

 

Another thing that you has to think about. How secure is you info with some of these Brokers / Exchanges / etc. ?¿?¿ Who do they give your personal info to & why ?¿?¿

 

Usually its any Broker / Exchange that is located in the USA, that asks for so much personal Info / KYC. I had an account with Bittex, they are located in the states, they have frozen my account, because I never did their KYC forum. I would say to everybody, stay away from Exchange Bittrex or any Broker / Exchange that is located in the USA.

[Michaelx018 0]

I just that question depends on the particular wall at a website your working on or planning to work with. I have noticed that many of the major wallet sites do use k y c and in that regards you can trust those websites because the amount of users in the website are very high and have been using the site for a long time.

[Russel 017 506]

I think kyc systems is not enough secure for suspicious sites.When some sites request for kyc i leave this sites. I do not kyc before.

[ShiNorton 906]

I hate kyc to submit my important documents to other. I like exchanger like Yobit without KYC  documentation. I think all centralized exchangers should know the lessons from Yobit exchanger. It will put us in risks if we provide KYC to wrong exchanger. 

[mohamedpc1 2213]

Frankly, I never use document detailing because I do not know what they will use again, so I will not sell my documents for some dollars. There are several platforms and Airdrops that do not require activation with documents so you can always stay away from sites that require activation with documents.

[Penata 324]

KYC is a requirement to an exchange or wallet where in you need to provide all the important information about you specially your valid ID. In order for you to have full access to your account like withdrawals of funds. But i don't like KYC because if you accidentally engage to an scam site where in all important information about you that you've provided can be use to some illegal transaction and you can be a victim of identity theft.

[Mansoor sumaan 29 0]

Are you don't think you should have worked with that platform which requires some kind of documents or required your personal information of your account. Working with these kinds of sites are not safe as you are saying about kyc require the documents of you to process or exchange the currency . 

so it is always recommended that don't share your personal information with anyone or any website. 

[Abdulrahman3 1252]

I think that the main reason that calls for the platform to know personal information about its customers is to prevent the use of the platform by those who work in money laundering, and the bad student always confuses the rest of the students as you know.

[khan22 3478]

On 11/11/2019 at 1:39 PM, Joker said:

I am always wary of KYC. Recently, many exchanges and sites require it to pass. Do you think it is necessary to be afraid to provide documents and if so what problems may be with this ? If who rebuffed with than the unpleasant or with somehow any fraud associated with transfer passport data for (KYC) share with us. Thank you in advance.

ALmost new exchanges need the KYC and almost the new exchanges are fake and i know that in the crypto market so many fake coins are also running and the fake exchanges KYC documents will sell to the scammers and also to make money through that the peoples will invest in it.

[KHALED ADWANI 1216]

To make it legal some platforms do this
When you document your account using your passport, this means that the true owner of this account can be prosecuted if you are involved in an illegal matter such as money laundering and other crimes that are used by cryptocurrencies and fake accounts
In fact, the greater the number of verified accounts, the easier it will be to trace the source of the cryptocurrency

[scofield64 943]

Most legit site nowadays need to get your KYC to ensure that your are not a robot or to prevent multiple accounts in the site. Those site also need to keep our private information secret and should not expose it to third party.

[Zezo 306]

It is natural for you to be careful when submitting your personal data to any party, especially in the crypto field, where there are many fraudulent projects

[Ponnnu 962]

There is nothing to worry about kyc, knowing your customer is essential to ensure the safety and security of transactions. And your personal information wont be misused in this. Kyc will help to identify and eradicate various scam and fraud users, this will make the online transactions more safe and secured. 

[cryptoman22 1026]

If, dear friends, the KYC is in fashion lately, any platform uses it but I personally think that most of them are to collect our data and then sell it, therefore I only trust the large platforms to perform any kyc
A big hello to the whole community and good luck and big winnings

[Alexbhati12 0]

Hello friend, Indeed obviously I concur with you additionally I am consistently careful about KYC. Since I dont comprehend why they approach our date for thing actually isn't regularized, what they are doing with our data information? we dont know..

[Smallingcane012 344]

You Bette know your customer in order to keep great relationship with them and to even allow your business grow well.

[Amr90 1064]

I think the KYC model is better in terms of customer security, and it's important to not have impersonation or fraud.
It is a system followed in banks and most companies to confirm identity and only deal with the same person.
Most Forex brokers require the same types of confirmation that electronic platforms or wallets do.

I think the KYC model is better in terms of customer security, and it's important to not have impersonation or fraud.
It is a system followed in banks and most companies to confirm identity and only deal with the same person.
Most Forex brokers require the same types of confirmation that electronic platforms or wallets do.

[Hanbal 359]

KYC is very confidential so it should not be easily exposed by a third party person once your KYC  is stored in a particular website they have control over you therefore, don't expose your identity document.

[Pranto1 40]

Crypto anonymity is especially maintained, yet centralized commerce has changed it, where for unknown reasons we have to surrender characters.If it comes to the question of fraud, there are many more ways to limit fraud.  The next thing is that the bad guy can sell your data to others and they can misuse it.  So I never recommend doing KC.

[Syriana 350]

Hiding personal details is important and we must not show our personal information to anyone for fear of fraudsters and hackers, but the Kyc system is a bit annoying because it asks to show some details, but it is necessary for work reasons to show them

[Malik9532 1276]

I don't like KYC verification because I don't like and think it is the better to give your personal information anyone . And any hacker can hack our data and stolen our money . Otherwise privacy is the best thing for us .

[Cryptomint 433]

On 11/11/2019 at 5:37 PM, bentayebsalah said:

I prefer to keep my identity anonymous and that's why any website or company that imposes documents I do not deal with them and look for another alternative

Yes I also don't like to give my identity to anyone because I don't like it. Because many are those who use the identity for illegal use.

[Zafar123 906]

The know your customer or know your client guidelines in financial services requires that professionals make an effort to verify the identity, suitability, and risks involved with maintaining a business relationship. The procedures fit within the broader scope of a bank's Anti-Money Laundering policy.