Do you like KYC exchanges?

[LinexSky 8]

KYC is mandatory for big exchanges to prevent fraud users to take advantage of the system. Besides this I don see any real reason for KYC to be mandatory in any of the situations. Also KYC is good into ICOs where there are restrictions for some countries to participate in.

[BatR70 132]

I do not like it but it is what we have left, to comply with the regulations and will be increasingly strict.
"KYC responds to a legal imperative of financial institutions worldwide."

[Simon 191]

No I don’t like them personally , at the moment I’m in a dilemma as I have no photo ID which will cost me before I can access some accounts I have, personally I think KYC is a nuesance. 

[CryptoZink 0]

I hate KYC cryptocurrency exchanges. The blockchain/Bitcoin was design for privacy...that's why it's decentralize. So why everyone got to collect my identification info? 

[s107n 5727]

7 hours ago, Rabby20 said:

Нам нужно подумать и о тех людях, у которых нет паспортов или карточек Nid, как они могут подтвердить себя, чтобы пройти KYC?

I think this is suitable for any identity document. It seems to me that if there is no identity document, the question arises - in what country does this person live, does he have access to the Internet? Then such people probably will not pass the KYC procedure. Sad but true.

[xBDT Script 4371]

16 hours ago, Rabby20 said:

We need to think about those people also who don't have any passport or nid card how they can verify themselves to complete KYC?

It's very standared, at-least to have a natinal ID card. I know there are school or collage kids who does not have such ID yet perhaps LOL

But those ICOs and exchanges does force people to have 18+

[teminalibug 309]

On 9/30/2019 at 8:39 AM, 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?

Sorry maybe a dump question or not, but what is bounty hunting, i have encounters it twice today

[xBDT Script 4371]

4 minutes ago, teminalibug said:

Sorry maybe a dump question or not, but what is bounty hunting, i have encounters it twice today

Well let me have this chance to explain:

Back in the days when ICO needed to promote their projects they used to pay users for posting the updateds from their (users) social profile. Such as Twitter, Facebook

In return the ICO would offer a percentage of the token they were cretaing to the users who joined in their and help spreading their name.

These are called bounty program for ICOs

You will still see them in Bitcointalk.org forum but they are not much popular now  a days.

 

Here is an example: https://bitcointalk.org/index.php?topic=5190618.0

Edited October 7, 2019 by xBDT Script

[cryptex 623]

18 hours ago, mostawda3 said:

KYC exchanges :
I do not like
I don't like trading it
I hate it
I hate her love for my KYC
We work in cryptocurrencies
To keep our character anonymous
You are wanting to know everything around us

Well stated but I think you need to add onе more  Haiku sentence - Regret but  have to trade on KYC exchanges.

[xBDT Script 4371]

Just now, cryptex said:

Haiku

By any chance are you a regular in BitcoinTalk Wall Observers 😆

Just asking hehe.

[Masterrex 559]

On 9/30/2019 at 11:39 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?

Honestly speaking I dont like KYC for me its a form abuse in my country there is a law that prohibited any sharing personal information without any important reasons, but minus to financial System that required KYC to avoid money laundering. But if you just a small trader in my humble opinion its not really needed you can't laundered a peanut Like Binance for example you can trade and withdraw with limited amount of 2 BTC daily without doing KYC procedure and thats good i think thats the reason why p2pb2b until now got a small share in the cryptomarket volume because of that clever requirements.

[cryptokram 102]

On 10/7/2019 at 5:07 AM, Rabby20 said:

We need to think about those people also who don't have any passport or nid card how they can verify themselves to complete KYC?

I hope you have a friend and they might have some ID to do the KYC for you! it is not necessary that you will be using passport as long as you have a government issued ID, tht will be good!

On 10/7/2019 at 4:03 AM, Simon said:

No I don’t like them personally , at the moment I’m in a dilemma as I have no photo ID which will cost me before I can access some accounts I have, personally I think KYC is a nuesance. 

I also dont like doing KYC but if you are a bounty hunter sometime you have no choice!

[Satoshe 9]

I don't like KYC
Me and my customers are always using protection and we don't need any KYC stuff.
No problems if you use protection

[alexmail19 680]

I once before tried to pass verification and send documents, but then it somehow passed and I am now not particularly afraid, if it is of course more than a well-known exchange, and not just a HYIP project that asks for documents for some reason

 

[Kumar 260]

Off course no one likes to do kyc, it's just we have to do when there is no choice left. And now except some exchanges, nearly all requires kyc to trade.

[lakhlomoha 485]

I remember i have a bounty in p2pb2b i sign up in and pass KYC and i sell my coins withdraw my money and it's done, dont be afraid of kyc it's take less than 12H to preceed    

[Bitcrypto 87]

I don't like the exchange procedure which must verify KYC. Why so ? yes, the coins we produce / buy, use technology (blockchain: anonymity is very awake). why such an exchange platform must require kcy verification, I really don't like it and it's annoying for me.

[yukihirasoma 66]

KYC is only for avoiding scams, money laundry and increase deposit or withdrawal limits
so it's ok for exchangers to ask KYC to their users, and now almost every exchange must do KYC if you want to trade in huge volume

Edited October 15, 2019 by yukihirasoma

[kamalsharma100 61]

Most of the exchanges ask only Passport as proof of identity, which is also where the problem lies. Most of the people don't have passport, but have actually some other identity proof which are valid in their own country, but not many of these exchanges.  So, passing KYC verification here becomes very, verify difficult.

[samarkamane 111]

This is the best precaution because the thieves have diversified and branching methods of fraud and monument this is a good measure at present

[dana33 302]

3 hours ago, Rafbouk said:

I don’t blame you for hating KYC verification procedures. Crypto was meant to be anonymous until these big exchanges had to get their hands on the pie. It’s good  that one still have that option available.where KYC isn’t required on much smaller exchanges/ platforms. Thanks for sharing

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.

[Bnance10 720]

On 10/5/2019 at 5:16 AM, Paranoxxx said:

To be honest who like KYC procedures? I think nobody like it, but it is necessary to fulfil the regulations for mass adoption of Crypto.

No matter what the government claimed why they wanted it.  It was all about wanting to catch money laundering acts from tax evaders.  My bet is the authority will eventually like blockchain records.  These are permanent records which cannot be altered or tampered with.  No one can hide anything eventually.  Everything about blockchain is transparent.

[dana33 302]

59 minutes ago, Rafbouk said:

Hi! Thanks for highlighting binance and kucoin. I’m aware aware of those sites so, if you don’t intend to withdaw 100BTC a day  you’ll be fine if you don’t wanna go through know your customer verification process. I’m sure there are many more exchanges like the ones mentioned above. Thanks for sharing 

Yeah, for small trader like us it's fine trading on binance and kucoin without kyc but if you are a big trader that trade with so many bitcoins then yes you should do kyc on these exchange.

[Jajak 41]

Self-verification is important in trading because it can make accounts in the trade more reliable so people will not be fooled. Therefore I really like it but it's a bit complicated

[Iim11 9]

KYC to ensure and to secure your assets if you have large assets without a clear identity they will be suspicious so traders who use KYC intend to do so to secure the funds you have.