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Consignee

Do you like KYC exchanges?

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I guess nobody really likes the test. But just for example, a website can prove your face. I only check on cryptocurrency exchanges.

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I consider that yes, it is good; even more when they are stable, consolidated and safe exchanges, this allows us as users to be more secure when doing business in that exchange, even more if they are person to person as it is the case of Binance for example.

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There are certain exchanges where KYC verification is mandatory, since the company seeks to know more about its client and their security within the platform. Personally, I prefer not to carry out this series of steps since it takes time and sometimes what I want is to trade as soon as possible without limitations but I consider that it is very good for security

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On 10/5/2019 at 10:35 AM, s107n said:

I'm taking it easy. For me, this is just a necessary part of my security section along with two-factor authentication. So I agree. The main thing that would be a trading platform was reputable and valued its reputation.

Indeed two factor is the best formulier safety. How do you call it better save than sorry 🙂

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On 9/30/2019 at 10:39 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 like Kyc to get increased withdrawal limits, but I don't like Kyc if it's only for minimal withdrawals. so it's best to find another market if it's only for small trades.

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In some exchanges you must work with KYC to obtain the benefit and although I do not like them, in the business world this type of requirement must be met

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On the one hand I do not like that they have my biometric and personal data, on the other hand it gives me confidence when making P2P trade since I know that the person on the other side is not going to try to carry out a scam. I think it depends, it's a matter of taste, I hope my answer contributes something to your publication.

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I don't like to use any exchange in which fkr trading i will need KYC verification.Even why i would need those exchange when i can trade on Binance,Coinbase pro and other so many best exchanges without KYC.!And also i don't feel safe to use my personal documents for these works.

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I don't like KYC exchanges, because they collects personal data and after that may being victims of hackers. And personal data can be posted on the Internet violating the right to privacy.

Edited by Zefir

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The Kyc Process is to verify that you are a real person and to avoid the creation of multi-accounts that the Kyc has worked very well for that, I personally do the kyc in an Airdrop that is worth the token that is greater than $ 10 the reward for perform the Kyc

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I don't like it. It's not very believable because it just doesn't work. It doesn't work very well. It doesn't pay off after a while.It will pay us for a while because it makes us believe they won't pay for it some day so I don't think it can be the best exchanger.

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don't like it. It's not very believable because it just doesn't work very well.It will pay us for a while because it makes us believe they won't pay for it some day so I don't think it can be the best exchanger.kyc is really boring

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This is not possible with loving or not. KYC is essential for both your and exchange's security. Let me give a very simple example: If you lose your 2FA verification and there is no KYC, you will never be able to log in the exchange account again.

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KYC are important to control fake accounts or bots, I have no problem doing them when they only ask for a selfie and a document, but when they ask for your name to be written on a sheet of other things it bothers me to do it

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Many exchanges require kyc for withdrawal because of security and other reasons. Unfortunately, they don't need kyc for deposit.

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C'est très très dangereux de données son kyc a un n'importe quelle site internet où plateforme, portefeuille, sauf si ils et vraiment une grande confiance par ce que la majorité vont vendre vous cordonnier

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Not really no, I feel that the purpose of all this, which is decentralization, is being lost and they are centralizing us and soon they will put us in government entities and those will damage the cryptocurrency business.

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On 30/9/2019 at 10:39, Consignee said:

Recientemente, obtuve algunas monedas de la recompensa que hice el año pasado. Estas monedas se enumeran en dos intercambios, ----- y p2pb2b. Ambos intercambios requieren tener verificación KYC antes de que pueda comerciar. ¿Es esto bueno? No me gusta el procedimiento KYC. ¿Que pasa contigo?

Kyc is good since governments and regulated entities require it to prevent money laundering and other issues.The bad thing about this that many platforms ask for it without being regulated there is where you have to investigate whether it is convenient for you to operate on that platform or not There are also many others that specify that the kyc is not necessary to operate with low amounts but if you require a greater amount you will have to apply it

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The KYC system is not bad at all since it allows those who manage the platforms to assure you that it is a Bot from which you want to take full advantage of your project. On the other hand, it also bothers me because in a certain way giving your identity to these people makes you wonder why they want it?

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On 10/15/2020 at 7:47 PM, Keibel said:

KYC are important to control fake accounts or bots, I have no problem doing them when they only ask for a selfie and a document, but when they ask for your name to be written on a sheet of other things it bothers me to do it

Of course kyc verification is good for controlling cheaters and fake accounts in a site though it's not just comfortable to give your full personal details to someone you don't know behind a website but sometimes we are left with no option but to undergo this type of verification. @Gideon$

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