Wallet vs Verify

[Hendy1 370]

KYC = Know Your Costumer or AML = Anti Money Loundring.
KYC can be interpreted as requesting personal data from a corporate / project body against prospective customers. Like the bounty project asking for KYC, it can be concluded that the management of the bounty minimizes fraudulent persons who have multiple accounts in one campaign with KYC / AML.

[Zisan95 71]

Every online wallet need verification.There are a lot of application for trading cryptocurrency. Blockchain wallet is one of the best wallet in the market. I love Blockchain. It is safe, trusted and secured. It is also faster in trading.also we cam use coinbase, yobit etc.

[Beromnia 733]

Welcome with me

KYC Verification System, is a method of verifying a user if a person or robot to avoid fraud
Many portfolios are obligated to enforce KYC verification procedures, due to government laws
I don't like the KYC verification system because I am afraid of using my personal data

[Nil Noyona1 28]

As i know that wallet need to verify. If we don't verify our wallet then our wallet will get risky. Wallet and verify both are the important for safe i think. Many people know it more. I am trying to verify may wallet for safety          

[BrolySSJ 7899]

Personally i don't like wallets with the KYC system. It requires you to upload personal documents for the verification process, and this is not something that i am comfortable with, having been the victim of a hack recently. I would much rather use a wallet that only requires an email verification, which i can do with the bitpay and blockchain wallets, which are also relatively secure.

[Akbor 1042]

On 2/27/2020 at 7:20 AM, ChromeFox said:

If you are some major trader or you are planning to cash out or cash in some of the exchanges out there, then you need to passed their KYC method as early as you could to avoid freezing of funds. 

i also think if any platform as k you to do kyc then do it if the platform is trusted and if you want to store asset in a secure way. i think coinbase wallet is the best crypto wallet.

[scorpiali 5626]

On 1/29/2020 at 7:29 AM, Cryptokhan said:

Of course, there is no problem, and basically that is how it should be Crypto. What is the benefit if from Crypto, if we go back to using the old bank methods? Nothing but the transfer of bank control to the control and exchanges wallets. I think this is complete nonsense.

Agree with you brother no one ask any real bank for his identity but only in crypto currency that people dont want to give her identity to the wallet, just the most famous like coinbase and blockchain 

[George10 9932]

KYC is a problem sometimes when dealing with crypto wallet because in some other countries the only document allowed for KYC verifications is passport and its not every crypto user who has this document but KYC is good because it prevents money laundering activities.

[fo1lluko1l 487]

Wallets do verification because most users launder money through them, or so that they are convinced that we do not have a second wallet.

[bliznec 22267]

Verification of the implementation of the KYC procedure is needed in order to avoid disagreements with security. But I don’t like it, show my documents to third parties.

[Upright 2688]

Doing kyc, is one of the form to reduce double or many account on one single user, so this format of kyc was kind of initiated to cope with it. And some good feature comes with verifying you wallet account just like what is being done on coinbase with their earn program

[scorpiali 5626]

On 11/23/2019 at 8:16 PM, sdsonjoy50 said:

I very much like to know why KYC has to be verified in most wallets online. What is the problem with allowing users to use Wallet without KYC Verify?

Because of scammers and hacker if any one can log to your account wallet he can do any thing and if you claim your low the recover your wallet you cant do that because any ne can do that except if you verify your account , in this way it's only you 

[Rickso 768]

On 11/23/2019 at 8:16 PM, sdsonjoy50 said:

I very much like to know why KYC has to be verified in most wallets online. What is the problem with allowing users to use Wallet without KYC Verify?

because almost all online wallet are custodial wallet so they own for money for you. and companies to keep others money need to follow governments rules. and one of those rules say that to keep others money you need to know your customers identity to avoid money laundering.

so they are just forced to do the KYC otherwise they can't work.

but you can avoid this simply using non-custodial wallets

[Maraj Prodhan 9]

Yes, every wallet users must be need to verify her wallet. If they completed verify wallet then her wallet is very safe and secure now.

[Shahud 1319]

except exchanges till now i didn't verify my kyc on any wallet.also there is no mandatory on the wallets.just we have to make an account and operate it

[Md asikur 1102 13]

I can say that I will give my documents to validate my wallet under certain conditions, if I decide to stay with this wallet for a long time.  Wallet without KYC validation, what I can point out is that it is anonymously one of the biggest benefits of cryptocurrencies and, besides these, opposes verification on many exchanges.

[scorpiali 5626]

On 3/5/2020 at 7:36 AM, pontingr248 said:

I very much like to know why KYC has to be verified in most wallets online. What is the problem with allowing users to use Wallet without KYC Verify?

Because for security any wallet want to know who use his service to avoid scammer and hacking account, many people store a lot of money is his wallet and they cant secure her account if they dont know them 

[whymeidontknow 676]

Because wallets can be closed if they do not provide data about users (I think so) since you can use cryptocurrency to launder money.

[bentayebsalah 2280]

Verification is requested by some of the portfolios by activating KYC in order to protect themselves only and we do not benefit anything from that, our information is at risk

[Whited35 15285]

Real wallets like coinbase and the Blockchain want to verify that you are real and not cheating the system so I never hesitate to give the identity details to the real wallet. They need KYC verifications to prevent the illegal money laundering and the tax evade cases. 

[Michael0606 861]

It gives security since nobody can falsify your documents so easily, so it is difficult for a hacker or Internet pirate to steal your money or information, so if there is a KYC verification system, it usually means security, obviously if it comes from a known website  since strangers could steal your data.

[Kamila 291]

Many people without KYC verification use stolen funds and wallets struggle with such people by making wallet verification.  

[IamLeader12 682]

many state security services do not allow the wallet to work without user verification, so they do verification or know your customer (KYC) 

[ComeBackIsrael 185]

Many wallets are forbidden to work without users verification due to the fact that they are very popular, so they make additional bonuses for those who pass verification.  

[BitcryptoHan 2557]

Coinbase is an example of wallet that require verification, I also heard about freewallet too, I like wallets like the ones that require not verification, they are the best.