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KYC-Know Your Customer

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Actuallt through kyc many site get to know the information of their users and that have reduce fraud activities in those kind of site in cryptoworld. 

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kyc is a good system  Through this the customer information is stored.  But I personally don't like kyc. Because I don't want anyone else to know my personal information. It stays with them so I am skeptical about security.

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Indeed, because many platforms are using KYC just to secure their platform safe for all scammers. But sometimes I just think wisely if I will give my personal information, because once I give them my information I don’t know if my information to them is safe, and I don’t know if they use my information to others illegal things. So that, sometimes I put my information anonymously just to protect my identity.

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Yes you said absolutely right KYC is no no about the the customers and one thing I want to tell you that in these days the price of the Bitcoin is going high in the market and other coin is going in a stable way

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 yes you said absolutely right KYC have the knowledge about the customer of your and one thing I want to tell you that in these days you should to be protect your account from the scammers that is very important for you to survive on this forum

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Taking personal information is to preserve the right of the member who is a subscriber to the platform and also that this encourages us to enter the platform and thus be reliable and safe

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I think that the fear of presenting any data related to my personality on social sites has become a natural thing, due to the many cases of fraud that we see or hear about daily, it is no longer possible to trust and provide documents with this ease, we need reliable and reliable sites that provide great services in order to deal with them

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It is important for identifi a good user. In online there are many user create fake account. So it is very necessary and important document. We need to good project and good exchange than we provide our information.

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The rate of fraud through the use of Cryptocurrency have increased immensely and to check these, many exchange site requests to know more about it customers and that's why the KYC came to be

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I do not agree that exchanges require KYC, for me it is something unnecessary and that can be lent to sell our user information, a few months ago I read that the US government was requiring exchanges to share user information If its capital exceeds $ 3k, it is unfair because people trust exchanges to keep that personal information, that is privacy, if the KYC were not necessary, they would save that request from the United States government.

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The KYC, although we do not like it, is a necessary security measure to avoid money laundering on platforms that are regulated by certain judicial entities in some countries, the question is to know where and when to send those identity documents, since it is not what even send these documents to a company such as Binance that some totally unknown organization.

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There are  many cases your private data can be used that is why I do not do kyc now although I was having no worries about doing it before but now I am afraid.

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KYC means know your customer as we know in this process of verification we have to send our personal information to the sites therefore I think this should not be necessary for the verification because by giving the personal information our account get hacked by the hackers.

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On 2/8/2021 at 11:46 PM, NesMarket said:

I do not agree that exchanges require KYC, for me it is something unnecessary and that can be lent to sell our user information, a few months ago I read that the US government was requiring exchanges to share user information If its capital exceeds $ 3k, it is unfair because people trust exchanges to keep that personal information, that is privacy, if the KYC were not necessary, they would save that request from the United States government.

I also agree with your idea i don't think that any exchanging site for that matter any site needs KYC verification's, because its very risky, if they are thinking for our security they can use sms verification or email verification's this are enough for security system.

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This matter was added to sites that perform these transactions at the request of the security authorities because they want to verify only if you have a hand in one of the suspicious actions. Some platforms require KYC to let the users transfer larger amounts of money without any problem because they should be certain about the identities of their traders to prevent from future frauds

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3 hours ago, Zooon11 said:

@betelihem  I think that this is sufficient for verification, the e-mail is mainly to measure the level of security in any account, and if you have anything that you also inform us about this matter is fine, thank you.

You are right friend, thus email and sms verification are so enough for security reasons, i think w don't need any additional security's like KYC verification's, because the KYC verification needs our personal data s like passport and national id cards.

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I have no idea about the new member KYC here. I want to know about KYC. There are those who are experienced I want to learn from them. Tell me something about this by mentioning me

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Very important and very logical as well. This must be done to know the caliber of people you are dealing with. Because this can have a very lasting determining effect on the growth of your vision and the organisation as a whole and we know Crypto Currencies need very tight security check because of hackers. Lol

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Useful post, I know the acronym KYC and it is good for beginners and know about that, it refers to that they are centralizedplatforms that need you to send your documents to know that they are real people, also it is not recommended send your ID  to unknow platform neiter join an aidrop with KYC your identity can get compromised and they can scam you or steal your identity. be careful

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I'm  afraid to provide  my personal  data. So i personally Don't  like kyc verification . There  are some projects and airdrops require  kyc. I always  avoid them. Because  here is a lot of chance to steal our information. The persons who like to verify  kyc, i recommend  you to know everything about the project carefully before giving them your data

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Site just makes sure that you are a real person. If you will be suspected at carding or anything connected to stealing money from cards/crypto wallets that you not owning, they can easily ban you and maybe sent your info to the PD to help them in investigation.

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Hi friend!

Absolutely, you are right. We should must know to our customers before any step because there are many scams. So be careful and be aware. 

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I do not like using kyc because our documents may be used in illegal actions, and the platform may be hacked and documents stolen by hackers, so I don't advise anyone to activate this authentication.

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Dear I don't use such exchanges that requires your customers because than there is a risk that this data will be on dark net and the hackers or other people will use it 

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