Do you like KYC exchanges?

[1millionClub 494]

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.

[speedxp 111]

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.

[xBDT Script 4371]

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. 

[Haydoidayctm 82]

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

[1millionClub 494]

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.

[speedxp 111]

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.

[xBDT Script 4371]

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.

[speedxp 111]

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?

 

[alicenora 144]

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.

[xBDT Script 4371]

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.

 

[dana33 302]

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.

[I-KUN 422]

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.

[speedxp 111]

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.

[speedxp 111]

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.

[speedxp 111]

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.

[cryptokram 102]

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.

[1millionClub 494]

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.

[dana33 302]

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.

[1millionClub 494]

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!

[xBDT Script 4371]

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.

[positive 97]

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.

[nykas 2812]

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

[funchy 146]

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.

[ajizz 195]

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 ..

[nira09 115]

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