Do you like KYC exchanges?

[Whited35 15285]

On 5/21/2020 at 10:47 PM, Mohamad ibrahem said:

Neither do I like to use KYC because it contains personal information about me.  You must remain hidden when you want to work in encryption. You must be hidden

I am avoiding exchange which requires KYC. No matter whether exchange promises not to misuse our documents or not but once hackers manage to hack exchange then they control over our sensitive information to sell for a handsome money. 

[Yomose 3704]

On 5/12/2020 at 7:04 PM, LeandroMesa said:

Nobody likes to do KYC, but i think that they give security to the site, that way you know people that are there are real and they are not bots, so maybe is good for everyone, but if you dont like to do it use one that it doesnt require KYC.

There are many exchange that requirements no kyc, there are also many wallets that require no kyc, infact, the ones that do not require kyc are safer, most especially if they give their customers private key. I can see that on binance dex and other noncustodial exchanges, and also on noncustodial wallets. 

Kyc does not add to security, it can even lead to phishing attacks. 

[BitcryptoHan 2557]

On 5/12/2020 at 7:04 PM, LeandroMesa said:

Nobody likes to do KYC, but i think that they give security to the site

KYC has nothing to do with giving security to a site, that does not mean the site can not be compromised by hackers. KYC is nothing but a way to leak information to hackers. The more more secure, you have to maintain privacy as possible. 

[BitcryptoHan 2557]

On 9/9/2020 at 5:57 AM, Hamzakhan said:

Exchanges means to exchange goods with goods. I think that the people face many problems in exchanges that not have proper procedures . If the people know the proper way than they done it.

The type of exchanges we are referring to here are crypto exchanges. Normally you need to read about it and many other aspect of cryptocurrencies if you want to have a positive ratings as you are having negative now. The ones that require KYC can results to data leakage which can lead to scammers attack after phishing activities. 

[DiamondBit 720]

22 hours ago, Sp19a1ma002 said:

I don't like the kyc exchange because many of time it's was hacked. So that's why we can not use It. So I use to the yobit exchange which are best and 100% secure and safe. Anyone can't hacked the yobit exchange.

Any exchange can be hacked. Know the difference between kyc exchanges and decentralize exchanges. Decentralized exchanges are the ones no susceptible to hack like centralized exchanges. But possibly that even decentralized exchange can also seek for kyc. 

[yonkii 3205]

I am only now start with crypto and never used an exchange but only Yobit. I find it very convenient but I only use the talk toknes now and wait for the price to appear to do my first trade. If KYC is to send the identity to a forum I will not do that because I don't know how this will be used if others take them in their hand but I will send if I have to withdraw a big sum of money. But this must be told before we use a website because I used one in the past that was gambling, I won some good money and they asked my identity to withdraw. Until they clearred me two days had passed and in between I had played the 200 dollar profit and lost all of it. It is part of the plan of online casino and it is very scam to do that. They expect some people to lose it all before managing to withdraw.

[Buy me coffee 251]

Of course, it is assumed not to give any personal information (online) and not only to the exchanges. Of course we all know online mafias and how they work. We even use a VPN, then send them KYC?! 

[MalikAdnan 1662]

I think no. If you ask me personally i say KYC is not good for small users. I'm not like this KYC system for exchange it is just panic and others have it's own choice.

[Teminali69 1081]

1 hour ago, MalikAdnan said:

I think no. If you ask me personally i say KYC is not good for small users. I'm not like this KYC system for exchange it is just panic and others have it's own choice.

I don't even think that KYC helps users, it only helps exchanges and the governments to verify users, and maybe later on to even be able to collect taxes from crypto users.

[kryptonick 2659]

I don't because it is not safe and when we upload data on a server they are probably not stored safely and can leak. This is something that should be avoided strictly but the opposite happens and we can become victims of this policy of data gathering from exchanges and other websites. Many scammers get their hands on our details after they bought them from a hacker or someone inside these KYC exchanges.

[Sugibengi 390]

In my opinion, exchanging requests and requiring kyc is dangerous, kyc is personal data that cannot be leaked to anyone, if there is an exchange that requires kyc it is better to look for another exchange. You can try yobit as a safe exchanger, yobit doesn't need kyc, including airdrops, gifts, and campaigns.

[SuperCrypto 7193]

On 9/30/2019 at 6:39 PM, Consignee said:

Recently I have gotten some coins from bounty which I did last year. These coins are listed in two exchanges, ----- 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 hate the platforms that require ID activation to be able to trade on or withdraw from them and stay away from these platforms always. Therefore, I prefer to use the Yobit platform, as it is easy to use and does not contain these complications.

[Sykkuno 2887]

There are some people that don't care for the protection of their private identity but I do care and don't want to have my privacy given to everyone online for no reason. We have exchanges as yobit that do not ask kyc and this is how it should be. Don't use any other exchange and we are all more safe. 

[Guroo0 47]

I don't care for kyc most abundance supervisor use it to prevent member from getting their prize, I have encountered it many time, the last one is betwig crusade.

[pacific 2268]

No! I am not comfortable sending my KYC information online to these exchanges. I don't find sending my personal details to these exchanges trust-worthy. Its always in-appropriate to reveal your real identity to the online cryptocurrency exchanges, and I don't find it good, instead they may be selling your personal information to other third parties for their sake of their profit, and you're always open to incoming scams or threats online. So, it's not the right thing to submit KYC or your personal information to these KYC exchanges and for me it's truly uncomfortable.

[byeibo 17]

This is a great project and I have high hopes for the future of this technology and the prosperity of the project in the future. I am confident of success. yobit exchange

[karpincom 93]

In fact, KYC procedure requirement should be mandatory for all exchanges, because it allows the exchange to be sure about the customer and its intentions. If they dont ask for KYC - always make sure, that you are not being scammed. For me, sending personal info is also not very comfortable, but i always check who im sending it to and what reputation hey have

[mattsett 120]

Exchanges that require KYC verification to trade are really not good, I prefer exchanges that do not need KYC verification to trade like Yobit and Binance

[Redshop 536]

I don't like kyc because your sending your private information. It is actually very dangerous for me to see an identity that is misused for certain interests.

[Vitaervina 68]

I really don't like it, because it seems difficult and takes a long time to register an exchange site with the KYC. I prefer without KYC, because it's easier and privacy is also maintained.

[gotitgotitgotit1 11]

Modern companies politics are always all about their clients. It's ok that their wanna know their client. in the end it's always for making their services better. I don't mind passing the KYC .  

[billo89 48]

no, they are very difficult to finish

[robik963 10]

No I don't like KYC. But so much sites want this procedure for their airdrop. Idk maybe they just buy our information for some coins

 

[Elmerzx 50]

Not really much, because although it is true that the KYC gives you greater security, many times they do not accept the documents to be able to activate them, and that generates a lot of frustration, when you know that your documents are valid

[AnjsChikitoRoy 2]

tengo una pregunta sobre las KYC
todas las que hay son necesariamente hacer el KYC sino no se reclama nada, entonces que hi eh perdido mi telefono ya que ahi tenia guardado todos los datos
como podria recuperar??