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Title: bitstamp Post by: ukjay on November 26, 2013, 07:43:57 PM Is it safe to let bitstamp have access to proof of ID and residence in order to verify account. I have previously successfully received euro from them but this was before verifying was needed. what's the risk?
Title: Re: bitstamp Post by: ukjay on November 27, 2013, 09:22:42 AM I was more concerned about identity theft.
Title: Re: bitstamp Post by: Kaliecious on November 27, 2013, 02:10:45 PM they are needing the information to conform to know who you are dealing with part of banking.
which is needed to centralize btc. lol Title: Re: bitstamp Post by: DeboraMeeks on November 28, 2013, 02:36:23 PM The risk is simple,someone might hack them (someday) and get the ID's and proof's of residence and sell it and you might be at risk of identity theft.
other possibility (but less likely) if some day coin validation stuff actually is active and you sold red-listed coins related to an illegal thing,they might be able to catch you (since they have all your info) also taxation might someday be forced on you if bitstamp cooperate with us government and others and provide records of your trading along with confirmations of your identity. |