Do you like KYC exchanges?

[mohamedpc1 2213]

I, frankly, permanently move away from platforms that ask for kyc, regardless of the value of the reward. I do not trust any platform that requests activation of documents, because I think not because I have traded less than $ 2000, I activate the documents. What will I benefit from them?

[mar123 95]

I think the ideal is to continue using exchanges without kyc, so that you do not have to upload your personal documents.

[velasco19 1753]

The KYC is a good method to verify the identity of a person, for trading and buying cryptocurrencies I don't like it because the main idea is to maintain anonymity, instead if someone wants to do business in buying and selling cryptocurrencies through P2P is a necessary thing. Otherwise try not to KYC on the exchanges.

[Onden 2098]

I don't like exchanges using KYC, if only because you want to sell gifts and have to give KYC, I don't think that's necessary. Exchanges that provide KYC requirements only function if changed to fiat, because they require verification of the bank savings account number. when trading, we can still do it without KYC.

[Cristian09 59]

Although the process to verify the KYC is a bit tedious, personally I consider it very important, for the security of the exchange to avoid possible scams or if there is any hacking, they can verify the identity.
Another point to take into account is not to carry out the KYC process in any exchange, for the security of the data that one provides

[roymundo18 27]

There are many known cases of leakage of KYC data from exchange storages.

[Dorjoy12 8962]

23 hours ago, George10 said:

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$

@George10 dont just mentioned the advantage of kyc verification site because if some days the exchange site get hacked then our money plus most important thing kyc documents will go one scammer hand and then we can face several problem in our daily life.. But its true kyc verification good but for the exchange site owner not for us..                 

[Trader123 32]

Good morning, 

I don't like kyc exchanges; having to provide your identity before making transactions looks like an abuse. And most of the time kyc procedures are tough. Do not forget that the crypto currencies specificity is decentralization and anonimity.

But I understand, on the other hand, that for security purpose they request kyc.

[Brandonsaw 1973]

Tengo claro que son necesarios para verificar que eres una persona humana y no un robot pero como yo lo veo con mucha pérdida de tiempo ya que a veces es difícil hacer esa verificación.

[CryptoHamster 115]

No, i dislike KYC exchanges for sure. Maybe, a verification could be applicable only to those who use deposit/withdraw fiat and trade in fiat-crypto pairs. Because this is a legal requirement of banks those provide fiat operations. But for sure it isn't applicable for crypto only users.
Moreover the KYC requirement is just illegal for many exchanges those are not officially registered companies themselves.

[anahi09 46]

On 9/30/2019 at 1:41 PM, hexwin said:

No I don't like them.

Maybe if I have to move crypto to FIAT money  for more than 500,000 then I would say it is good to have some kyc.

We don't want new Binance leak fiasco again

KYC has lately become the norm for crowdsale registration and exchange checking. Now, KYT is on the rise, threatening to blacklist bitcoiners whose cryptocurrency is deemed impure.

[Robrey17 262]

I don't like it because I have to share my personal data, but I think it's necessary to avoid bots or fraud.

[Faraor 42]

KYC procedure maybe required by the regulators. But i dont think that anyone likes to pass this procedure. Nobody wants to share with the passport data or photo. You can not be sure how tand where hey will use it. But anyway i use Yobit exchange which does not require kyc.

[matias estigarribia 1605]

I honestly don't like the procedure because we don't know where our data goes. But I also understand that it is something that platforms use to avoid multi-accounts and others

[cesarportillo 134]

KYC exchanges are very good since they are safer when making exchanges since with KYC it allows us to place the ID to know that it is a real and safe person

[Mohamed21b 35]

Certainly the best way to protect yourself, but I only do it with the platforms and not all sites that request this, you should be careful

[loam 3]

I guess it's partly to know what kind of people use their services but personally I don't like it. I prefer that they don't ask for KYC or at least it's not necessary to use the exchange. but some like coinbase sell the information of their users. that does not please me the truth.

[Berenice Pereira 41]

If you have good rates and it is easy and fast, we can obtain this possibility .. we must adjust to the changes.
 

[Javier Alvarez 111]

Doing KYC in an exchange is not my preference to do so, but sometimes it is important since it improves the security of both entities, both the platform and the user providing the service, also helps to have more confidence

[adel2030 6]

On 10/3/2020 at 4:04 PM, EESHA AYYAN said:

i dont like these exchanges who required some legal documents or do kyc.i always prefer to join decentralised exchanges.DEX

waves or binance DEX

yobit is also great exchange i am using it for long time. its simple in design and fast in withdrawal and deposit 

 

Thanks for the information

[hamada20 13]

I like trading without kyc so I feel like trading without government contact

[abeerelshbrawe 3]

No, i don't like kyc, it sells my data, I prefer an exchange without kyc because i feel free

 

 

[Foysal2020 459]

No I don't like it because we don't understand where our data goes here so it can be a problem for us so we can't do it but I think it's better not to do it. 

[macokikn 0]

so far that I use it, It's been a trick for who want to withdraw they don't use it for such a "KYC", as mentioned they need the client waste time before withdraw so they are winners.

[Jack Middle 0]

It's not bad from such an exchange to request KYC, they need to know their clients, and if we have problems, they help us because they know us.