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Crypto Bridge is asking for KYC suddenly

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Crypto Bridge is a decentralized exchange which means there is no sense of asking for KYC verification. But now they suddenly asking for KYC has been implemented from 1st of October, a lot of users will be in trouble I think since there's no time to withdraw the fund. This is not fair, they must announce it before implementation.

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Yes, I posted this on our Daily News section with more information

There are other Bitsdhares alternatives people can use, and they dont aks for KYC.

I think that CryptoBridge will soon die for low volume

 

Edited by hexwin
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From what I understand, the US Gov is behind this. They are pushing for all exchanges to have KYC and also to attach a customer's ID along with each transaction. Its disgusting and goes against what crypto was all about in the beginning.

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12 minutes ago, DIY Tube Video said:

From what I understand, the US Gov is behind this. They are pushing for all exchanges to have KYC and also to attach a customer's ID along with each transaction. Its disgusting and goes against what crypto was all about in the beginning.

I have a question, If a site or company is outside the USA territory then can US government push them? The common sense will be no but I am not sure if I am right with common sense here.

4 hours ago, Consignee said:

Crypto Bridge is a decentralized exchange which means there is no sense of asking for KYC verification.

Not making sense, how a decentralized exchange control such thing? What is the point of decentralization then if there is a central authority to monitor?

Edited by xBDT Script
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1 minute ago, xBDT Script said:

I have a question, If a site or company is outside the USA territory then can US government push them? The common sense will be no but I am not sure if I am right with common sense here.

Its easy. They block US citizens from using their site. The US has a lot of power. They can pursue a company in a foreign country legally by pressuring the country first, then the company second.

 

A newer coin I have been mining and watching finally got listed on an exchange. Sadly I cannot participate on the exchange because I am in the US. They wont let me. The exchange does not meet the qualifications for KYC for US citizens.

 

Its even worse. In the socialist governed State of NY, you cant even deal in crypto at all, last I heard. My friend cant even get a coinbase account there unless he moves to a different state.

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1 minute ago, DIY Tube Video said:

Its easy. They block US citizens from using their site. The US has a lot of power. They can pursue a company in a foreign country legally by pressuring the country first, then the company second.

Well this meant to happen if their currency is backed by US dollar LOL

This s**t is funny to me. US dollar backed buy nothing (well actually debt) and all other currency is backed by US 😆

Stupid game.

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If they want exchanges can make compromise and make tiers with no mandatory KYC.

CryptoBridge could do this, but no, they did not.

They will soon die anyway....

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2 hours ago, DIY Tube Video said:

A newer coin I have been mining and watching finally got listed on an exchange. Sadly I cannot participate on the exchange because I am in the US. They wont let me. The exchange does not meet the qualifications for KYC for US citizens.

You can try bitcointalk marketplace, I believe you will find a buyer certainly or you can share which coin it is. I may use escrow and will buy if I find it worthy. 

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22 minutes ago, Consignee said:

You can try bitcointalk marketplace, I believe you will find a buyer certainly or you can share which coin it is. I may use escrow and will buy if I find it worthy. 

I mined GRIMM for a while. I shut it down to wait and see what happens with the coin but I have followed it since day one.

 

I am not ready to sell them off yet but I want to follow the market and price. If it spikes suddenly and starts to drop, I will take that as a possible indicator of scam and dump my coins. But if not, I will wait and see.

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Dex excahnge are for free users who wants freedom from KYC.

Sell or transfer your tokens to your wallet or other exchange which has no kyc! if you have a choice!

hold on, do you need to do KYC right away before withdrawal? or you can continue using it without KYC but with a withdrawal limit daily?

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32 minutes ago, DIY Tube Video said:

I mined GRIMM for a while. I shut it down to wait and see what happens with the coin but I have followed it since day one.

 

I am not ready to sell them off yet but I want to follow the market and price. If it spikes suddenly and starts to drop, I will take that as a possible indicator of scam and dump my coins. But if not, I will wait and see.

I see, I think you are not in profit now and you must hold it. I can't see a good exchange though. There's no much volume as well. Good luck with you coins.

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20 minutes ago, Consignee said:

I see, I think you are not in profit now and you must hold it. I can't see a good exchange though. There's no much volume as well. Good luck with you coins.

Thank you. I am always looking for a new coin, mining it and waiting to see. All I need is one like Ethereum or Bitcoin 🙂

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26 minutes ago, 1millionClub said:

This is some bad news. If that's the case then the next best dex is bisq probably. Thanks god they don't operate on a domain name and it is impossible to ban bisq.

Use bisq instead.

There's some other good dex as well, problem is whoever had balance on crypto bridge they have to fill KYC to withdraw their balance, this is a clear shit step and I count it as scam.

28 minutes ago, DIY Tube Video said:

Thank you. I am always looking for a new coin, mining it and waiting to see. All I need is one like Ethereum or Bitcoin 🙂

Got it. Stay around, you will get one certainly. I invite you to have a study on epic Cash if you haven't done yet. Will love it.

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14 hours ago, Consignee said:

There's some other good dex as well, problem is whoever had balance on crypto bridge they have to fill KYC to withdraw their balance, this is a clear shit step and I count it as scam.

 

Same think happened to me with Bittrex international... the exchanges just knidnapp your funds until you go through KYC... on Bittrex case, they've sent me an e-mail (which I didn't see in time), and 1 week after my account was blocked for withdrawals

As for Crypto bridge, just tried yesterday and they say the KYC is only necessary for US customers, but in the end I'm non US and still have my funds locked waiting for KYC

So, this is not a decentralized vs centralized... this is just proof that sometimes we think crypto is so hard to control or ban, and in the end, the same guys keep holding the leach...

If they do not allow the user to withdraw the funds if it chooses not to go through KYC, for me it is stealing, as the funds are yours, not theirs

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9 hours ago, dentolas said:

Same think happened to me with Bittrex international... the exchanges just knidnapp your funds until you go through KYC... on Bittrex case, they've sent me an e-mail (which I didn't see in time), and 1 week after my account was blocked for withdrawals

As for Crypto bridge, just tried yesterday and they say the KYC is only necessary for US customers, but in the end I'm non US and still have my funds locked waiting for KYC

So, this is not a decentralized vs centralized... this is just proof that sometimes we think crypto is so hard to control or ban, and in the end, the same guys keep holding the leach...

If they do not allow the user to withdraw the funds if it chooses not to go through KYC, for me it is stealing, as the funds are yours, not theirs

I'm also not in the US and my funds are locked too. KYC is necessary to withdraw my coins. Support didn't answer. I hope to get my coins without the KYC procedure.

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1 hour ago, Paranoxxx said:

I hope to get my coins without the KYC procedure.

Forget about that, you are not allowed to withdraw fund without KYC, I don't know whether they will come with new update and allow people to withdraw their fund or not, but you must have given some times to people to withdraw. It's a clear attempt to steal users.

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12 hours ago, SalmanKhan said:

I am afraid of this KYC demands. There has been info of misuse or hacking in some exchanges. I hope I have to give up. Bad news.

I also don't do KYC unless I need to due to this type of scam. Spreading personal/sensitive info around the web is not a good policy, especially for a handfull of tokens/coins

As to Cryptobridge, I don't have much hope to be allowed to withdraw my funds without KYC... on my Bittrex case, I was in contact with support and they just told me bluntly that without KYC, no funds...

I'll wait and see what happens, not sure if I'll go through KYC

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21 minutes ago, dentolas said:

I also don't do KYC unless I need to due to this type of scam. Spreading personal/sensitive info around the web is not a good policy, especially for a handfull of tokens/coins

As to Cryptobridge, I don't have much hope to be allowed to withdraw my funds without KYC... on my Bittrex case, I was in contact with support and they just told me bluntly that without KYC, no funds...

I'll wait and see what happens, not sure if I'll go through KYC

If you have much funds, you have no way but to go through the KYC process because you will not let them scam our thousands of dollar. This is why it's advised to people not to hold a lot of money in exchange. Hopefully you didn't have much there.

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40 minutes ago, Consignee said:

If you have much funds, you have no way but to go through the KYC process because you will not let them scam our thousands of dollar. This is why it's advised to people not to hold a lot of money in exchange. Hopefully you didn't have much there.

Not much, this is why I am thinking if it will be worth to go through KYC... I had put a small amount in BCO and left it staking, the reward was much lower than expected and BCO has lost a lot of value lately... so, to withdraw BTC I would have to exchange it and will surely loose money... more reasons not to go through KYC.

I always try to leave the minimum possible in any exchange, centralized or decentralized, nevertheless if you want to have some orders open there is no choice but to leave some amount on the exchange. I try to diversify in order not to put all the eggs on the same basket,, but the one I trust the most is Binance

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2 minutes ago, dentolas said:

Not much, this is why I am thinking if it will be worth to go through KYC... I had put a small amount in BCO and left it staking, the reward was much lower than expected and BCO has lost a lot of value lately... so, to withdraw BTC I would have to exchange it and will surely loose money... more reasons not to go through KYC.

I always try to leave the minimum possible in any exchange, centralized or decentralized, nevertheless if you want to have some orders open there is no choice but to leave some amount on the exchange. I try to diversify in order not to put all the eggs on the same basket,, but the one I trust the most is Binance

If it's not a huge amount, I suggest you not to going through KYC, let them scam you the amount. Binance is trusted but still I think it's not good to practice holding fund in any exchange.

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Seems starting from 1st Oct, CryptoBridge can't catogorized as decentralized exchange anymore because of their new rules of KYC verification.

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1 minute ago, Consignee said:

If it's not a huge amount, I suggest you not to going through KYC, let them scam you the amount. Binance is trusted but still I think it's not good to practice holding fund in any exchange.

I agree, but what to do if you want to sell some of your coins and can't be watching the prices all the time? there are apps that send alerts, but in my line of work I usually can't carry my phone...

what do you do?

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2 minutes ago, dentolas said:

I agree, but what to do if you want to sell some of your coins and can't be watching the prices all the time? there are apps that send alerts, but in my line of work I usually can't carry my phone...

what do you do?

You can create a topic on this. We can discuss this there. You will get more response certainly, and will find a way to get it done. Hope you don't mind it.

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11 minutes ago, Consignee said:

You can create a topic on this. We can discuss this there. You will get more response certainly, and will find a way to get it done. Hope you don't mind it.

Done, good idea 😉

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If we consider the entire year of 2025, the chances of growth to $150,000 increase to 70%.   – Cathy Wood, CEO of Ark Invest, confirmed her long-term forecast for Ethereum. In her opinion, the main altcoin is capable of catching up with bitcoin. She believes that by 2032, its market capitalization will reach an impressive $20 trillion. Based on current values, the main altcoin should consistently trade above $160,000 by that time. Highlighting her views, Cathy Wood emphasized that technologically, Ethereum is more advanced compared to the flagship cryptocurrency. Moreover, at the moment, it remains the most in-demand platform for deploying smart contracts and decentralized applications of any complexity. In March, the price of ETH exceeded $4,000, but this was followed by a deep correction coinciding with geopolitical escalation in the Middle East, leading investors to flee from high-risk assets. Instead, they focused on diversification and began investing capital in traditional financial instruments. In light of these events, the key beneficiaries were the dollar and US Treasury bonds, as well as precious metals.    – Mark Yusko, CEO of Morgan Creek Capital, expects a massive inflow of funds into the cryptocurrency market as wealth estimated at $30 trillion from baby boomers seeks to enter digital assets. According to the businessman, capital flows will most likely come from them – those born between 1946 and 1964 – through pension accounts managed by advisors. (According to the Investment Advisor Association, in 2022, US financial advisors managed assets worth more than $114 trillion). Yusko mentioned that the introduction of BTC-ETFs has significantly changed demand. However, the full effect of this is yet to be felt. "I believe that within 12 months, $300 billion will enter this area – this is 1% of the $30 trillion. In fact, this is more money than has ever been converted into bitcoin in 15 years. We've only been working with ETFs for about three months, and we've received about 10% of what I think comes into this area from registered investment advisors who control all the boomers' money," stated Yusko, adding that the inflow could potentially increase the crypto market's capitalization to $6 trillion.   – American regulators, according to the administrator of Bitcoin.org known as Cobra, are preparing to impose a complete ban on self-custody of cryptocurrency. This means that US citizens will have to involve intermediaries who will store digital assets. "If you think the government won't come for your bitcoins, you simply haven't paid attention to this," Cobra scares readers on the X social network page. Cobra recently assured subscribers that a split might occur within the Bitcoin community. There are those who want the network to remain unchanged and those who would like to add more features to Bitcoin, expanding the network's capabilities. Cobra is confident that these disagreements could negatively affect the ecosystem of the first cryptocurrency.   – American entrepreneur and investor Chris Dixon criticised the tightening measures taken by regulators regarding cryptocurrencies. The US Securities and Exchange Commission (SEC) is increasingly suing crypto companies, claiming they are trading unregistered securities. This has caused Dixon great concern. "The US has an absurd cryptocurrency regulation regime. [...] Major industry companies developing blockchain-based solutions face constant pressure. Existing rules encourage platforms to host only memecoins, which can be freely traded on markets without any restrictions, rather than other more useful crypto assets," stated Dixon. Further in his forecasts, the administrator of Bitcoin.org under the nickname Cobra believes that the US authorities are preparing to introduce a complete ban on self-custody of cryptocurrency. This means that citizens of the country will have to involve intermediaries who will store their digital assets. "If you think the government won't come for your bitcoins, you just haven't paid attention to this," Cobra scares readers on the pages of social network X.   – The Federal Court of Seattle (USA) has delivered a verdict in the case of the co-founder and former CEO of the largest crypto exchange, Binance, Changpeng Zhao. It is noted that the businessman was accused of crimes related to money transfers without a license. While the prosecution had requested three years of imprisonment, the defense suggested settling for five months of probation. Representatives of the Justice Department insisted that probation for CZ was inappropriate as "such a decision could encourage others to break the law on the largest possible scale." The defence argued the absence of evidence that the defendant was informed of the illegal activities on the exchange. As a result, one of the wealthiest people in the crypto industry got away with four months of imprisonment. Addressing his final words, Changpeng Zhao acknowledged that he had failed to properly establish a suitable client verification system at Binance and to counteract money laundering during his tenure. Recall that in November 2023, Zhao reached a settlement with the US government to end a years-long investigation against Binance. As part of the agreement, he stepped down as CEO and agreed to pay a fine of $50 million. However, as we see, the US authorities found this insufficient, and now, in addition to dismissal and a fine, a prison term has been added. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Почему цена биткоина столь волатильна и наступит ли стабильность?   Биткоин по-прежнему поражает своими непредсказуемыми изменениями цены. В момент своего создания его стоимость равнялась нескольким центам, а в марте этого года он достиг рекордного максимума на отметке почти $74 000. Этот долгий путь был отмечен крайней волатильностью, а иногда его колебания превышали 80%. Понимание нестабильной природы биткоина имеет решающее значение для успеха инвесторов и аналитиков, поскольку помогает составить представление о будущем криптовалют. Волатильность биткоина обусловлена множеством факторов, которые заключаются в характеристиках очень молодой цифровой валюты. В отличие от традиционных активов, имеющих многовековую историю, биткоин и рынок криптовалют в целом не имеют устоявшейся динамики рынка. В настоящее время из-за манипуляций его стоимость регулярно переоценивается рынком, что приводит к большим колебаниям цен в ответ на новую информацию и события. Одним из фундаментальных факторов, влияющих на волатильность BTC, является лимитированность его предложения в 21 миллион монет. Усиливающийся дефицит монет усиливает колебания цен, особенно на фоне растущего спроса со стороны розничных и институциональных инвесторов. Кроме того, влияние крупных инвесторов, которых обычно называют криптокитами, ещё больше усугубляет волатильность цен. Их значительные активы позволяют им влиять на динамику рынка с помощью крупных ордеров на покупку или продажу, что также приводит к резким изменениям цен. И здесь следует упомянуть относительную незрелость инфраструктуры рынка криптовалют и проблемы с ликвидностью, поэтому любые крупные сделки, безусловно, влияют на рыночные цены. Недостаток ликвидности может усилить колебания цен, поскольку инвесторы маневрируют, открывая позиции и выходя из них. Считалось, что появление деривативов, связанных с биткоином в виде спотовых ETF, и развитие рыночной инфраструктуры могут сделать торговый процесс более стабильным. Пока же мы наблюдаем резкие скачки из-за крупных притоков и оттоков средств. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2410618
    • April Results: A British Pound Trade Nets NordFX Client Over $25,000 in Profit     Brokerage firm NordFX has summarized the trading performance of its clients for April 2024. The efficacy of social trading services, PAMM and CopyTrading, as well as the earnings of the company’s IB-partners were also evaluated.   - This month’s highest profit was earned by a client from South Asia, account number 1765XXX, who made $26,757 from trading the GBP/USD pair. - The second place in the TOP-3 was taken by their compatriot, account number 1751XXX, with earnings of $16,976 from gold trades (XAU/USD). - The third step of the April podium was claimed by a trader from East Asia, account number 1609XXX, who traded not physical but digital “gold”: bitcoin. It was the BTC/USD pair transactions that enabled them to profit by $14,301.   The passive investment services at NordFX showed the following trends:   - In the PAMM service, we continue to monitor the account named Kikos2. Opened on November 18 last year, now after 162 days of operation, it shows a fantastic profit of 1161%. While this result is impressive, the aggressive trading strategy has also led to a substantial drawdown of 58%. Unrelenting statistics demonstrate that even more conservative trading can lead to a complete loss of funds. Therefore, investors must always exercise utmost caution and only risk the money whose loss will not disrupt their normal life. We will continue to monitor and see what happens with this account in May.    - In CopyTrading, we have previously highlighted the signal yahmat-forex, which has shown a return of 415% over 312 days with a maximum drawdown of 37%. Another interesting signal called NordFXSrilanka has made a profit of 39% in 113 days, specifically since January 6, 2024. While not as impressive as yahmat-forex, its notable advantage is a very small drawdown: just about 9%.   Among the IB-partners of NordFX, the TOP-3 are as follows: - The largest commission reward of $22,732 was credited to a partner from Western Asia, account number 1645XXX. - The next is a partner from South Asia, account number 1682XXX, who received $5,224. - Finally, rounding out the top three is their compatriot, account number 1565XXX, who was rewarded with $3,614.   ***   As we conclude this month, it is important to note that NordFX clients now have yet another excellent opportunity to enhance their financial portfolio. In the 2024 super lottery, 202+4 cash prizes totaling $100,000 will be awarded. Participating in the lottery and securing a chance to win one or even several of these prizes is quite simple. For more details, visit the NordFX website. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Со временем которое осталось, да скорее все так и может быть, но лучше будет постараться дойти до 6-го уровня, то есть довести дело до конца, а после и расслабиться. Хотя даже так увы нет никаких гарантий, что это может нам что-то принести, но будем надеяться, что 6 лвл будет иметь весомое значение при раздаче.
    • SwapGate | Efficient Cryptocurrency Exchange SwapGate provides you with an innovative platform for instant cryptocurrency exchange. Our mission is to offer a fast, secure, and convenient exchange service for over 100 types of cryptocurrency assets without the need for lengthy registration and KYC procedures. Our service works 24/7 and you can already make your cryptocurrency exchanges now. Our platform is simple, easy to use, and built for efficient cryptocurrency transactions. Here are our key features of the SwapGate platform:  Fast and Affordable: Start exchanging instantly without going through registration. Transparent terms and conditions: We guarantee no hidden fees and fair transaction terms.  High security: We use advanced encryption and security technologies to protect your data and funds. About SwapGate: At SwapGate, we are committed to continuous development and innovation. Our team are professionals in their field, united by a common goal to create an efficient cryptocurrency exchange platform. We strive to offer the best service and constant online customer support . You can efficiently perform cryptocurrency manipulation on our website, and here are the short steps to exchange on SwapGate:  Asset selection: Determine which cryptocurrencies you want to exchange.  Determining the exchange rate: Choose a floating or fixed exchange rate.  Confirm & Send: Confirm the transaction details and send the cryptocurrency to the specified address.  Receive Coins: Track the exchange process in real-time and receive your cryptocurrency to the provided wallet. Join SwapGate and make fast exchanges without hidden fees! ️ SwapGate has a seamless support team ready to assist you with your cryptocurrency exchange needs. For more information, please get in touch with us:  Online chat: On the website, click on the blue dialog box  Email: info@SwapGate.io  Tech Support: @SwapGate_SupportBot on Telegram SwapGate is the choice for safe and easy cryptocurrency exchange with favorable fees. Easily exchange fiat for cryptocurrency and one cryptocurrency for another. Join us on https://swapgate.io and enjoy fast transactions now.
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