Do you like KYC exchanges?

[Anthomy K 446]

No, of course, but who loves to give away the details of their ID. But, unfortunately, this is a necessary procedure on many exchangers so that scammers do not abuse.

[raj 19]

4 minutes ago, Unfazed said:

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? 

I feel exactly the same. Do most decentralized exchanges require KYC? It seems like it wouldn't be necessary, due to there being no central authority. But maybe I'm just being naive.

[xprince1996 865]

5 hours ago, riddleoleh said:

I don't like KYC in exchange because it is very boring and the time doing photo of me and my passport. And I think that my photo maybe would be in hand bad person.  

I got your point. There is a possibility that your personal information may leak and can use by other people that's why dex exchange is being developed to protect the privacy of its users.

[Anthomy K 446]

No, of course I don’t like it, but KYC verification helps sites to track attackers and significantly reduce their number. So this is a necessary measure and I have nothing against it, because this is done for the benefit of users.

[ajizz 195]

2 hours ago, Anthomy K said:

No, of course I don’t like it, but KYC verification helps sites to track attackers and significantly reduce their number. So this is a necessary measure and I have nothing against it, because this is done for the benefit of users.

what you say is true, KYC verification is good and this is in the interest of user funds so it doesn't matter if you fill out the form to verify your account. but if you feel confident and only have small funds from your account it is not recommended to do kyc ..

[fajarriadi 179]

On 10/31/2019 at 5:08 PM, Chaknu said:

Kyc proccess is useless i think. what is the benefit i don't know. if they want to identifie after any issue then there is also 2fa option in most of the exchanges. so why people will share their info. on the other hand, crypto is also a system where all are incognito. I don't like kyc exchanges.

Until this time i still don't know about the secure of KYC because many users said that KYC is dangerous. We have to give our personal identity then we don't know where they save it. My friend suggest me to avoid the KYC exchange because he think that it is not good and our personal identity can be used by unresponsible person to bad purpose.

[Corrado25 9442]

Few people like to submit their documents to unknown people and even on the Internet. Although I do not like it, I am ready to submit my documents to exchanges that are officially registered and licensed to trade. Precisely I would not give my documents to a little-known, small exchange

[yifnt 666]

If you do not use the exchange and do KYC just to sell your token it will be very bad, you better find someone who wants to buy your token it will be safer or leave your friends who have done KYC on the exchange.

[raju 40]

Yes I like kyc exchange

because my money is safe if I done kyc. its good as I think for every good traders who fully involved with trade. I just support kyc. so u should talk it positive

[Rares002 262]

Well, I guess Satoshi did not thought about the idea of having exchanges where people can buy and sell bitcoin. He thought people are going to use p2p for that so no KYC needed for that 

[SyntaxEr. 709]

Me personally I don't like to do KYC but I don't have any choice it is for the protection of the exchange and for my protection too that's why I'm doing KYC. 

[Raven 7817]

No, i don't like using it because some people are saying that KYC is not a good exchange and i believed to them. Since when i knew about yobit exchange, i don't use any kind of exchange anymore. 

[Jokeer 648]

Basically, I didn't like the KYC exchange due to many of us haven't an NID card for KYC verification like me which is suffering for us.

[Nurul Huda 944]

On 9/30/2019 at 10:42 PM, xBDT Script said:

No, no for me however I was forced to give my KYC to some selected exchange like poloniex, bittrex, and few more. I do not use them at all since Binance and Kucoin are in the market. 

I agree with your opinion even I agree with you that I do not use KYC also because I was forced to go to some selected exchanges such as in doge, eth, and bittrex.
Actually I don't use KYC at all because the way to get it is a little difficult so I'm just mediating.

[Akbor 1042]

Yes I like kyc exchanges. when I do kyc in the exchange then you have no chance to loss of your account as you can recover your account. mostly kyc is needed to protect from scammers also to secure the users account.

[sidik7 1217]

if think likes yes likes about the advantages we can see ranging from reducing the risk of money laundry , and then the KYC make quality of regulation is increasing .

 

and the drawback is that see a lot of abuse of KYC by irresponsible parties and our personal data is very risk .

[khan22 3478]

Yes i like KYC exchanges but not all because no so many fake exchanges are working and this is not good because they just hide our details and they sell it to others and when the got our details the close their system and they steal our all investments. So just use the real exchanges.

[lucky80 1046]

7 hours ago, Dhwiek32 said:

I do not actually understand the real reason of it until now. I mean I understand if it is only for the investors but asking even the bounty hunters is very funny. However the problem is we do not have a choice if we want to get the opportunity of making money.

For bounty hunters? Simple, KYC is done to ensure no bounty participant commits fraud like using multiple accounts. What I don't understand is why there are still many who still pretend not to know why KYC is needed.

[dmnqe07 365]

Well if your a pro in trading and your withdrawing a lot, kyc exchanges is the best option for you because kyc exchanges don't have any limit form withdrawing. unlike other exchanges there's always a limit.

[CryptoMaxim 3829]

I am wary of KYC. If the exchange has long been working and popular and good reviews I pass KYC. For all time has passed 2 times KYC. On the recently (new) opened exchanges, it is risky to pass KYC.

[teminalibug 309]

On 10/15/2019 at 3:16 PM, lakhlomoha said:

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    

Most people do not care about their Identity been exposed, But for some of us, we like to be anonymous and invincible, there is not greater power than this, ask Nakamoto.

[Corrado25 9442]

13 hours ago, CryptoMaxim said:

I am wary of KYC. If the exchange has long been working and popular and good reviews I pass KYC. For all time has passed 2 times KYC. On the recently (new) opened exchanges, it is risky to pass KYC.

I agree with you. Although I do not like KYC but in some cases I had to go through it. I have been trading on buutrx for a long time and I like their security. So when KYC was introduced, I submitted all my documents without a hitch

[teminalibug 309]

On 11/24/2019 at 6:33 AM, kurra said:

I don't like kyc because it is very hard so I don't like many other exchanger is without kyc and trading so I am like without kyc exchanger,, I don't like kyc exchanger 

I do not like KYC too but most airdrops requires KYC and in the next few years there will be more if not all exchanges to accept KYC, because of these regulations.

[nasipadang 399]

This is a different case if the coin obtained has a nominal that is eligible for KYC. I honestly don't mind doing KYC as long as they really make my identity locked away from people who don't have the authority to see that identity.

[bliznec 22267]

If you need to send confirmation to KYC, then this can be done and there is no obstacle. No, I don’t like to go through KYC especially when asked to take a picture with the name of the exchange. A copy of documents and photos is quite enough.