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Do you like KYC exchanges?

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On 10/18/2019 at 4:40 AM, dana33 said:

Actually big exchange like binance or kucoin is don't really need KYC. You still can trading and withdraw your coins on these coins without KYC, but without KYC your minimum withdraw is small compared with the KYC one.

It is not about what they want or not. The governments force KYC on us not the exchanges actually. The governments want to know where the funds come from and where they are going to because bad people use these exchanges to launder their bad money.

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4 hours ago, xBDT Script said:
23 hours ago, speedxp said:

Well, Yobit and Binance still don't require users to do KYC. But specifically for Binance, if you contribute to their IEO. Then you must do KYC, and it's actually not a problem.

I have a verified account with Binance. I think they were asking for it in case one need to withdraw over 2 BTC a day or something. These exchanges actually bound to ask for the IDs because of the pressure they feel from the authority.

I am also the same as you, have an account in binance that has been verified. Not that I can do 2 btc towing, only I at that time wanted to follow IEO in binance.

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1 minute ago, speedxp said:

that time wanted to follow IEO in binance.

I was never been in any of the IEO or any other investment plan but my intention was to trade there. I think I have verified it sometimes in early 2018 coz that time I did buy some shitcoins LOL

4 minutes ago, 1millionClub said:

because bad people use these exchanges to launder their bad money.

Well in recent time they got this video pornography site which had child pornography by tracing the deposits in exchanges. Sometimes it's using in good manners. 

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2 hours ago, MumtazRioz said:

Tương tự ở đây. Chúng ta đều biết lý do tại sao họ cần KYC (để ngăn chặn tội phạm, v.v.) nhưng tôi vẫn không thích điều đó. Tốt hơn là nên có một điều kỹ thuật số để chứng minh bản thân thay vì tiết lộ thông tin cá nhân trong KYC. Giống như một địa chỉ đặt cược.

I think that preventing criminals is only the reason, if criminals want to launder money, they only need to create multiple accounts, creating accounts is very simple, just have an email, I see if users do not have KYC  withdraw 2BTC 1 day

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27 minutes ago, xBDT Script said:

I was never been in any of the IEO or any other investment plan but my intention was to trade there. I think I have verified it sometimes in early 2018 coz that time I did buy some shitcoins LOL

Well in recent time they got this video pornography site which had child pornography by tracing the deposits in exchanges. Sometimes it's using in good manners. 

I am not saying it is completely a bad thing but the risks involved with KYC make it bad for innocent people too. Binance was hacked and thousands of KYC documents were on forums in the dark net and this happened a few months ago. Even if they don't get hacked, you don't know whom to you send your documets. What if you are sending them directly to the scammers? Some exchanges are being run by scammers too.

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37 minutes ago, xBDT Script said:

I was never been in any of the IEO or any other investment plan but my intention was to trade there. I think I have verified it sometimes in early 2018 coz that time I did buy some shitcoins LOL

It doesn't hurt either if you do the verification of the exchanged.

Wow, what shitcoin did you buy at that time? I think finance is always a good coin that can be there.

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1 minute ago, speedxp said:

It doesn't hurt either if you do the verification of the exchanged.

Wow, what shitcoin did you buy at that time? I think finance is always a good coin that can be there.

Well you need to have trust in someone at least. With Binance since they had good reputation which they still have, I though to go with them.

Which shitcoins, the IEOs? Not been with them ever LOL

10 minutes ago, 1millionClub said:

I am not saying it is completely a bad thing but the risks involved with KYC make it bad for innocent people too. Binance was hacked and thousands of KYC documents were on forums in the dark net and this happened a few months ago.

This KYC has bad thing more than good of course. I really do not like authority to handle my ID.

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7 minutes ago, xBDT Script said:

Well you need to have trust in someone at least. With Binance since they had good reputation which they still have, I though to go with them.

That is one of the reasons why I dare to do KYC there. Because of large exchanges, they do have a good reputation and have never had a problem with many people's identities.

 

11 minutes ago, speedxp said:

coz that time I did buy some shitcoins LOL

I mean this one, what Shitcoin did you buy last time?

 

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They takes time but Today I had realised something that I want to share with you.I registered an exchange website a few years ago and i lost my password and i lost my G2A too.But they solved the problem after they see my id.

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6 hours ago, speedxp said:

That is one of the reasons why I dare to do KYC there. Because of large exchanges, they do have a good reputation and have never had a problem with many people's identities.

I think with few exchanges it okay. If I can recall correctly then I have KYC verified accounts with:

Polo

Bittrex

Bitfinex

and Binance of course.

I feel safe with them however lately I am not using above three. Only use Binance and Kucoin. Lately I am using Yobit. I have an open order to buy some doge.

Anyway, risk is when ICOs ask to do KYC. I think I have done with few but was really hesitating a lot.

 

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11 hours ago, 1millionClub said:

It is not about what they want or not. The governments force KYC on us not the exchanges actually. The governments want to know where the funds come from and where they are going to because bad people use these exchanges to launder their bad money.

But you still have a choice to do kyc or not and these exchange that i listed on that post are not really need KYC and you still can do trading, deposit and withdrawal without KYC.

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i won't give my private data into some new exchangers. i'll submit my KYC in some trustworthy big exchanger with a good security in that. until now i just submit my KYC in two exchangers, Bittrex and Binance.

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6 hours ago, xBDT Script said:

I think with few exchanges it okay. If I can recall correctly then I have KYC verified accounts with:

Polo

Bittrex

Bitfinex

and Binance of course.

I feel safe with them however lately I am not using above three. Only use Binance and Kucoin. Lately I am using Yobit. I have an open order to buy some doge.

Anyway, risk is when ICOs ask to do KYC. I think I have done with few but was really hesitating a lot.

 

I do not verify KYC in the exchanges you mention, except Binance. Because the other exchanges can still carry out trading activities even though they do not carry out KYC.

I didn't know that yobit also needed KYC, because I didn't do KYC at all in the YOBIT exchange.

Actually I often do KYC in every ICO, because somehow it must be needed when I want to invest.

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2 minutes ago, fogacaca said:

i also do not verify kytc but the problem is that this is very hard to find an exchange without kyc

but gladly binance and yobit dont charge kyc and can be used for us who like privacy

Relax friend, there are still many exchanges that do not require users to do KYC. Because usually exchanges that require KYC, if you want to increase the daily withdrawal limit. If you don't reach the withdrawal, then don't do KYC no problem.

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3 minutes ago, fogacaca said:

i know but all are starting to  ask for kyc like bittrex, poloniex, coinbase , hopefully yobit and binance dont stop being like this and never do this of asking kyc

If I'm not mistaken, Bittrex doesn't need KYC. Unless you previously wanted to invest in their IEO. Because I already did KYC, because at that time Bittrex did IEO and I wanted to invest there.
Yobit and Binance will continue like this, I'm sure they will not make any changes.

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On 10/6/2019 at 6:55 PM, xBDT Script said:

Talking about the reputation - I did not hasitate to give my KYC to Binance and Kucoin coz I know they are in good hand. However it's not easy with most of the exchanges.

Well, with that platform even me I won't hesitate to submit my KYC too, because binance and kucoin was also my top used exchange platform now. Honestly, there are some of the coins in this platform in which gave me a bit profit daily, that's the reason why I most often used it.

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3 hours ago, dana33 said:

But you still have a choice to do kyc or not and these exchange that i listed on that post are not really need KYC and you still can do trading, deposit and withdrawal without KYC.

You can but they put a limit on your withdrawals. At binance that is 2btc for example. There are many people with more than 10btc and don't want to deal with KYC. If you put 50 btc on binance and decide to withdraw your profits 2 by 2, the exchange will lock your account and ask for KYC and source of the funds.

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31 minutes ago, 1millionClub said:

You can but they put a limit on your withdrawals. At binance that is 2btc for example. There are many people with more than 10btc and don't want to deal with KYC. If you put 50 btc on binance and decide to withdraw your profits 2 by 2, the exchange will lock your account and ask for KYC and source of the funds.

Well, i'm a small trader so it's not really affect me much but yeah for a big trader that trading with more than 10 bitcoins or even more, it will affecting their trading. So they need to do KYC to get more limit.

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1 minute ago, dana33 said:

Well, i'm a small trader so it's not really affect me much but yeah for a big trader that trading with more than 10 bitcoins or even more, it will affecting their trading. So they need to do KYC to get more limit.

So are you saying that you don't care about KYC as long as it doesn't affect you? I don't think that's the right way to handle this situation. Just because you are a small trader today doesn't mean you won't become a big one in the future. What if bitcoin becomes $100k and your funds on the exchange gets 10 times bigger? Then they'll ask KYC from you too!

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4 hours ago, speedxp said:

I didn't know that yobit also needed KYC, because I didn't do KYC at all in the YOBIT exchange.

What I understood is that Yobit still does not have this KYC thing yet but this does not mean that they won't have it any day. A good pressure from the authority is enough to have it in their site however I hope they do not face it.

It's not always the exchange or service you blame. They have basically no options if they want to continue their business.

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On 9/30/2019 at 4:39 PM, Consignee said:

Recently I have gotten some coins from bounty which I did last year. These coins are listed in two exchanges, coinsbit and p2pb2b. Both of the exchanges are requiring to have KYC verification before I can trade. Is this good? I don't like KYC procedure. What about you?

I dont have an account on the mentioned exchange site and in my opinion only exchange site that offer crypto to fiat currency transaction ought to request for KYC. Therefore, KYC procedure is not good if the exchange site doesn't offer such services.

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I don`t like exchanges with KYC, it disturbs me very often. I love cryptocurrency, but I`m under 18 and I usually need to cheat exchanges some way to buy or sell something. On the other side, I can understand exchanges` admins, because people will start to abuse some give aways or free distributions


 

 

 

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1 hour ago, Jose R. Patton said:

I don't like them and I never used them ...  I used Binance and Cryptopia for the sole reason that they didn't required KYC on registration.

What I hate when recieveing bounty I have to open account on exchange that requires KYC that angers me so much. 

I think you shouldn't talk about this certainty. Sometimes we all need that exchange and sending KYC docs to this exchange. And yes we all don't like this KYC things but we have to do it sometimes.

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yes, that's right.
all users don't like the rules for filling out KYC forms.
maybe this is because it doesn't make it easy for trading purposes,
but on the other hand this rule is important for the security of your money to make sure there is no theft done by others ..

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actually I don't like this rule, but the exchange needs it because of government regulations so that their exchanges get legality

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And it was awakened by the Federal Reserve System (Fed) of the USA with its monetary policy. According to analysts, the surge in investments in digital assets was a response to the May consumer inflation (CPI) report in the US, which positively impacted the risk appetites of institutional investors.   According to CoinShares, investments in crypto funds increased by $932 million from 13 to 17 May, after an inflow of $130 million the previous week. For the first time, there was an inflow of $18 million into Grayscale's ETF. This sharp increase in BTC-ETF investments, the highest in the last nine weeks, triggered a sharp rise in bitcoin on 20-21 May, approaching $72,000 for the first time since 09 April.   After bitcoin rose above $71,000, its price updated historical highs in the local currencies of several Asian and South American countries. According to CoinMarketCap, in Japan, BTC reached a record level of 11.2 million yen at the start of trading on 21 May. This is the first case where the flagship asset's price exceeded 11 million yen. Digital gold prices also peaked in Argentina, where the leading cryptocurrency reached 63.8 million Argentine pesos, slightly above the maximum on 14 March.   In the Philippines, one bitcoin briefly rose to 4.18 million pesos, the highest since mid-March 2024. In several other countries, BTC prices also equalled or were very close to mid-March's maximum prices: in the UK, Australia, Canada, Chile, Colombia, Egypt, Israel, Norway, India, South Korea, Taiwan, and Turkey.   However, the Fed and American macro statistics, having awakened the markets, also calmed them. After strong business activity data in the US, BTC/USD returned to the support zone of $67,000. Another (and probably the main) reason why bitcoin could not update its historical high was its main competitor, ethereum, which drew investors' attention. (More on this below).   QCP Capital expects bitcoin to reach $74,000 and update its ATH (All-Time High) in the coming months. According to the company's economists, institutional acceptance of cryptocurrency is accelerating, and improving conditions in the global economy create conditions for capital inflows into risky assets. The US presidential election, scheduled for 5 November 2024, is also starting to have a strong positive impact on the cryptocurrency market.   Cryptocurrency themes continue to strengthen in the pre-election rhetoric of candidates seeking to gain the votes of the crypto community, which, according to NYDIG, numbers more than 46 million citizens in the US, or 22% of the adult population. Haseeb Qureshi, Managing Partner of Dragonfly Capital, believes that in such a situation, the administration of President Joseph Biden will soon be forced to ease its policy regarding the digital asset industry. A complete turnaround is not to be expected, but a softening of the position will still occur, Qureshi said.   CNN has recently reported on upcoming debates between Biden and his competitor, Donald Trump. The incumbent president will have to answer a number of uncomfortable questions about the harsh policy towards the crypto industry, which led to the outflow of cryptocurrency capital, the closure of large companies, and high-profile lawsuits. From Donald Trump, who turned the topic of cryptocurrency into a weapon against his opponent, in addition to attacks for the current state of affairs, loud pre-election promises can be expected, which could lead to significant volatility in the crypto market. Possible participation of Elon Musk, who expressed willingness to become a moderator, and independent candidate Robert Kennedy Jr., should enliven the debates, the first round of which is scheduled for 27 June, and the second for 10 September.   The main beneficiary of the past week was not bitcoin but ethereum. On Monday, 20 May, news reached the media that the US Securities and Exchange Commission (SEC) asked companies to update Form 19b-4 in applications for launching spot Ethereum ETFs in an accelerated manner. After these news, the financial agency Bloomberg immediately raised the chances of such funds being approved from 25% to 75%. Against this background, the leading altcoin quickly outpaced the flagship cryptocurrency in terms of growth rates.   The deadline for the first two applications from VanEck and Grayscale was Thursday, 23 May. Shortly before the X hour, ETH/USD reached $3,947, showing a growth of almost 30% in three days. According to Coinglass, the amount of liquidations and forced closures of short positions on crypto exchanges amounted to $340 million. A total of 78.8 thousand positions were liquidated, and the largest individual liquidation occurred on the HTX exchange for the ETH/USDT pair for $3.1 million.   The SEC did not disappoint expectations and on 23 May approved not two but a total of eight applications for the issuance of spot ETFs based on Ethereum and gave the go-ahead for trading and listing these funds on exchanges. According to Variant Investments Chief Legal Officer Jake Chervinsky, this step signals a "significant shift in US crypto policy, possibly more important than the ETFs themselves." This may also mean that recognizing ethereum as a commodity, the regulator will not categorize many other altcoins as securities. According to Rekt Capital, the market is already on the verge of an altcoin rally, the peak of which is expected in July.   Experts expect significant capital inflows after the listing of ETH-ETFs and believe that billions of dollars will be invested in derivatives in the first week after trading starts. Analysts from QCP Capital believe that the altcoin rate in the short term can rise to $4,000 and exceed $5,000 by the end of the year.   An even bolder forecast is given by Standard Chartered Bank economists. They expect capital inflows into such funds in the first year to range from $15 to $45 billion (2-9 million ETH). In this case, the fund's demand will lead to the asset's rate rising to $8,000 at a bitcoin rate of $150,000. Moreover, if market dynamics are positive, by 2025, the price of Ethereum will reach $14,000, and bitcoin's rate will increase to $200,000.   As of the evening of Friday, 24 May, BTC/USD is trading at $69,900, and ETH/USD at $3,735. The absence of an immediate pump and some drawdown of this pair on 23-24 May can be explained by the fact that everyone who wanted to has already managed to buy ethereums ahead of the SEC's historic decision. The total cryptocurrency market capitalization is $2.55 trillion ($2.42 trillion a week ago). The Bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has not changed and remains in the Greed zone at 74 points.   And in conclusion of the review, forecasts from Artificial Intelligence. The latest version of GPT-4o from OpenAI believes that the price of bitcoin on 1 August 2024 will be in the range of $76,348 to $89,108 "considering current market factors and historical trends." GPT-4o's competitor, the anthropic AI model Claude 3 Opus, has formed an even more optimistic vision, designating the range between $105,072 and $167,808 by the indicated date. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Там то и тыкать не особо нужно, включил и пускай фармит. Это в других тапалках (и то не во всех) нужно каждый раз тыкать, тут почти пассив 😉
    • Полиция Южной Кореи раскрыла крупную группу криптомошенников   Южнокорейские полицейские арестовали 19 человек, которые выступали участниками мошеннической группы, действующей в социальных сетях. По данным властей, задержанные управляли открытым чатом, через который обманули сотни криптовалютных инвесторов.   Изначально мошенники предлагали пользователям чата законные способы вложений в цифровые активы, используя их некоторые инвесторы даже смогли получить прибыль. Такие действия преступников должны были усыпить бдительность, чтобы в дальнейшем люди без раздумий инвестировали в незарегистрированные криптовалюты. Когда инвесторы поняли, что их обманули, они потребовали вернуть деньги, но мошенники к тому времени уже заблокировали доступ к чату.   В результате расследования правоохранители выяснили, что в сети мошенников попали 308 человек, которые в общей сложности лишились примерно $19 млн.   По данным полицейского управления Южной Кореи, ещё как минимум шесть преступников находятся на свободе, скрываясь в других странах. Интерпол уже получил «красные уведомления», предписывающие арестовать их. Все участники мошеннического чата были завербованы главарём, чьё имя пока не раскрывается. Он помогал им незаконно въезжать в страну, а затем забирал у этих людей паспорта и мобильные телефоны, чтобы принудить к сотрудничеству. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2425428
    • Даа, лучше поздно, чем никогда. Все таки будем вернуть свои ошибки, когда альты тоже будут расти. Но биткоин пока уверенно себя ведёт, я уверен что до конца года дойдет хотя бы до 90к. Эти альты меня так пугали, что с очень осторожностью покупаю их. 
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