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Title: Will You Circumvent KYC if You Can? Post by: Newchanka on November 18, 2019, 07:30:04 PM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/
Title: Re: Will You Circumvent KYC if You Can? Post by: nicecrypto on November 18, 2019, 07:42:41 PM Anonymous is good to some extent don't you think? I mean if everyone is privately doing business without the government having any clue on what they are doing it will be very dangerous, such level of privacy can result to people having bad plans or doing shady activities without any form of control, I think there should be a little bit of control to keep things in other and that's the role kyc is playing,
As much as kyc dislike by many, it has it's purpose. Title: Re: Will You Circumvent KYC if You Can? Post by: Pearls Before Swine on November 18, 2019, 07:54:00 PM But what we have today is Bitcoin that is increasingly becoming another central bank. Nah, I don't think that's the case. It's true that if you want to buy bitcoin with fiat you'll probably have to do it through an exchange requiring kyc, but there are enough ways around that. As a kind of extreme example, you could buy or sell bitcoin face to face with cash and that does happen, and no kyc is needed. Plenty of people even use the currency exchange section on the forum to do deals as well.All that aside, I agree with you. I can't stand the kyc requirement on exchanges and I refuse to do it, but I wouldn't try to bypass any kyc procedures since I don't want to get snagged for fraud. And I understand that exchanges *have* to abide by the rules of the gov't of the country in which they operate. They don't have a choice, and as much as I hate it, that's how it is. Title: Re: Will You Circumvent KYC if You Can? Post by: bittraffic on November 18, 2019, 07:55:14 PM Does sound like Bisq promotion already. If you really will want to get around with exchanges asking for KYC, you don't even have to go to an exchange with lesser volume to the tokens you were trying to trade. There are certainly users who are selling their exchange accounts which you need not to send any documentation at all after that. Its not something anyone should practice doing but traders are already doing it.
Title: Re: Will You Circumvent KYC if You Can? Post by: hello_good_sir on November 18, 2019, 07:57:51 PM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ I mean, there's always a way to avoid KYC, isn't there? Could always fake your identity, which is highly illegal and definelty not recommended. It's still fairly easy to avoid using exchanges and other KYC-requiring platforms nowadays, unless you trade heavily.I am able to work with crypto-currencies fairly well by just not dealing with platforms that want KYC, Paxful, localeth, some P2P dealers, and then some decentralised exchanges + Binance (no KYC here), means I never need to show my ID. The way around it isn't that hard to find. Title: Re: Will You Circumvent KYC if You Can? Post by: Tylev on November 18, 2019, 08:09:59 PM I really do not like to increasingly provide my personal data in all activities related to cryptocurrency. Therefore, if possible, I will bypass everything related to the KYC check, where I need to indicate my personal data. On cryptocurrency issues, there seems to be a constant confrontation between people and governments. I understand that this is primarily due to the payment of taxes and it will have to be paid. However, this apparently necessary goal will inevitably hide various abuses by various government representatives.
Title: Re: Will You Circumvent KYC if You Can? Post by: veleten on November 18, 2019, 08:49:10 PM is this a legit question or BISQ marketing?
and it says in the article that attempts to circumvent KYC checks result in accounts suspended by Revolut all of the exchanges have to comply with the AML laws and they do not want to be responsible for any problems that could arise if you buy an a-bomb and pay with bitcoins :D I hate KYC , do not get me wrong , but this is how it is now , the laws are here and you cannot just ignore them or try to circumvent them ignorantia non est argumentum - even if you do not know something it doesn't remove responsibility so when using the services like the one in the article , be prepared for potential troubles you will have to provide your documents to unfreeze your account anyways, so why risking it first place Title: Re: Will You Circumvent KYC if You Can? Post by: Kyraishi on November 18, 2019, 09:46:31 PM . I don't think Bitcoin is becoming central at all, you could possibly say some of the services surrounding bitcoin and the entire crypto-currency scene are getting to a point where they are more centralized and owned by companies, but keep in mind bitcoin is still the same coin it's always been.All that aside, I agree with you. I can't stand the kyc requirement on exchanges and I refuse to do it, but I wouldn't try to bypass any kyc procedures since I don't want to get snagged for fraud. And I understand that exchanges *have* to abide by the rules of the gov't of the country in which they operate. They don't have a choice, and as much as I hate it, that's how it is. KYC on exchanges is tough, but there are always decentralized exchanges and services like Changelly, etc, that are able to offer you a very pleasant experience trading, without any ID verfication. Does sound like Bisq promotion already. Not really, BISQ is a pretty well known decentralized exchange and it's a fair example.Title: Re: Will You Circumvent KYC if You Can? Post by: dothebeats on November 18, 2019, 10:20:24 PM I would, if I could. Even if I know full well the implications and what effect could it have on me if I get caught, I'd still do it knowing how KYC works and how details are leaked almost every other day in the scene. Though DEXes can be utilized somewhat for the sole purpose of not giving up ID verification, no one can compete against the volume and liquidity centralized exchanges provide, so if there really is a chance to circumvent KYC or submit fake documents, I would do it.
Title: Re: Will You Circumvent KYC if You Can? Post by: Mike Mayor on November 18, 2019, 11:28:03 PM What does a picture of someone skateboarding have anything to do with the article? Does it represent freedom or something? Using revolut with bisq doesn't work. Even in that article it says people havebeen getting their accounts suspended. Hardly a bypass. I don't think you can bypass KYC on an exchange that offers it. YOu will have to use another exchange.
I would, if I could. Even if I know full well the implications and what effect could it have on me if I get caught, I'd still do it knowing how KYC works and how details are leaked almost every other day in the scene. Though DEXes can be utilized somewhat for the sole purpose of not giving up ID verification, no one can compete against the volume and liquidity centralized exchanges provide, so if there really is a chance to circumvent KYC or submit fake documents, I would do it. I agree with you. Having your info is much more harmful than some silly law. You are honest I like that. Title: Re: Will You Circumvent KYC if You Can? Post by: posi on November 18, 2019, 11:31:01 PM I don't know see any reason why I have to circumvent KYC since I don't use centralized exchange most time and the only time i use it are when i need to do some crypto to fiat transaction and it still impossible for the government to track my holding.
is this a legit question or BISQ marketing? This is definitely a legit question asked in other to do some marketing for the exchange in subject.Title: Re: Will You Circumvent KYC if You Can? Post by: d3nz on November 19, 2019, 12:40:44 AM The only problem in a centralized exchange is providing your personal infomation and this is required to increase the withdrawal limit in is requirrd by their law. And providing your information means it can be controlled and if there is a fraudulent activities on your account they will know who is it.
And there is a lot of centralize exchange today but trust no one because it can be breach and even thou making a transaction to another people is not safe but still can be a alternative way to have funds. Title: Re: Will You Circumvent KYC if You Can? Post by: Wintersoldier on November 19, 2019, 01:06:13 AM And there is a lot of centralize exchange today but trust no one because it can be breach and even thou making a transaction to another people is not safe but still can be a alternative way to have funds. The way it can breach you comes to my perception is quite too far, these exchanges also have their own regulations to keep their user's fund safe and secured as well as their identities. It is just a security measure for us to choose the best exchange that we trust, because not all exchange are keeping the identities especially the SPI of the users. Even exchanges that are quite known already might expose the risk of spreading info through emails just like what happened before in bitMex. Title: Re: Will You Circumvent KYC if You Can? Post by: BADecker on November 19, 2019, 01:43:29 AM Is this the way around KYC?
WEB BASED & DECENTRALIZED MARKETPLACES SELLING FOR CRYPTO WITHOUT KYC (http://www.freedomsphoenix.com/News/271967-2019-11-18-web-based-decentralized-marketplaces-selling-for-crypto-without-kyc.htm) Quote from: https://pocketnet.app/index?s=7d1e1bc526f215ab5aedf337b7786785804b398d92c6e0f28899c7848c0c726b By H8St8 at https://Pocketnet.app, Updated 15 November 19 Opportunities are needed to sell products and services for crypto without any state involvement or personal information requirements. The following few markets were found outside the darknet which accept widely used cryptocurrencies, beyond BTC (Bitcoin), without KYC (know your customer) requirements. The most highly recommended markets are at the top, beginning with the best, which is also decentralized. DECENTRALIZED MARKETPLACES Only one, and its mobile companion, achieved the minimum requirements above.
A web interface is being developed at OpenBazaar.com. At the time of this article, it allows product searches, but not buying and selling. Crypto accepted: BTC, BCH (Bitcoin Cash), LTC (Litecoin) or ZEC (Zcash). There is a sliding floor for the minimum size of BTC payment that may be handled through escrow. You may also choose which cryptocurrencies you'll accept for each individual product, avoiding BTC for low cost items. Fees and escrow: Crypto payments may be direct from the buyer to seller, or through escrow with a choice of moderators in case of a dispute. The only fees are for crypto mining (transaction processing) and moderation, if needed. When the crypto passes through escrow, there is a mining fee as the funds enter escrow from the buyer (paid by the buyer) and then again as they leave to the seller (paid by the seller). There may also be a previously agreed dispute fee of 1-5% or more, if necessary to engage the moderator for escrow to clear or resolve a dispute. Personal information: There is no identification required, not even an email address. Privacy: Information provided to OpenBazaar is collected and could be shared, if demanded by the state from the company behind it. For sellers this could only be a crypto wallet receiving payment from escrow, or not even that, if payment is direct from the buyer. Buyers provide a shipping address (which is not confirmed and could be communicated differently in a side message) plus any wallet address from payment to escrow. With a direct payment and address via messaging and anonymous email, OpenBazaar could have no useful information to demand about a transaction. Seller experience:| The store setup is very capable with variations to allow selection of options and quantities with different prices withing a single listing. Coupon codes may be setup for each individual item, but not for the entire store. The OpenBazaar product/store default search program, OB1, requires the user to "seed" their store in the network for search visibility. This is easy to do. Go to Settings/Advanced/Server/Show Connected Peers. Then follow some of the peer stores that appear in the listings. This seeds your store into the network so the search can find and index your products. Haven searches will then also display the same search results with OB1. Mid November 2019, there are over 23,000 listings found globally by OB1. To appear in searches, it's not necessary to keep the app running and remain in the nodal network. However doing so makes the network stronger and provides quicker notification of sales. The store or product address can be provided for potential buyers to go to your store, regardless of any filtering. They look like: ob://aLongListOfNumbersAndLetters/store . Buyer experience: The OB1 search supposedly has illegal product filtering which may cause products to not appear in the results. There is no clear explanation of the filter rules. There are two alternative beta search programs available from https://searchbizarre.com/about and https://bazaar.blockstamp.market/ which are having some issues displaying the search results at the time of this writing. Another "search" option is to select Settings/Advanced/Show Connected Peers which will display only the stores with servers currently online, which is only a very small fraction of the stores and offerings. After installing the program, you can select an OpenBazaar ob:// address hyperlink in a browser or document, then it will open in the program. Also, these addresses can be pasted in the address bar for access. Other: The only significant hurdle for buyers and sellers using the OpenBazaar desktop app is establishing a server for network access. The easiest way to do this is in conjunction with a session of TOR (The Onion Router) to act as a server. There are easy to follow instructions at https://github.com/OpenBazaar/openbazaar-desktop/wiki/Tor-Setup . It's not that difficult and after its done, starting new sessions is easy. Using the Haven mobile app described below avoids this hurdle. The web interface under development at OpenBazaar.com will also avoid the need to setup a server. Summary: Overall, OpenBazaar.org has a better combination of features than all of the purely website based markets to sell physical goods for crypto with no KYC. Filtering of illegal products by the OB1 default search program could be an inconvenience. Setting up a TOR server as part of the initial installation may be an excessive hurdle for some sellers and buyers alike, until the web interface at OpenBazaar.com is fully functional. Because it isn't completely decentralized (having a company behind it) and any personal information may collected, there could be a privacy risk, if care isn't taken.
Below are the differences from OpenBazaar: The most positive difference is not needing to setup a server as part of installing the mobile app. OpenBazaar coupon codes for discounts are not recognized. Haven has the same filtering as OpenBazaar's OB1, but without any alternative search programs. To access a store that doesn't appear in a word search, you can paste the entire OpenBazaar ob://.../store address in the search field or you can select an ob:// address hyperlink in a browser. WEBSITE BASED MARKETS Only four achieved the minimum requirements of accepting widely used cryptocurrencies, beyond BTC, without KYC
Crypto accepted: Buyers can pay with many cryptos listed at https://weshopwithcrypto.com/about-us/ . Fees and escrow: The only fees for buyers are the crypto transaction fee into escrow. Sellers pay a 2% fee which also covers the crypto transaction from escrow. There are no deposit or withdrawal fees. All buyer payments all go through escrow. Sellers will only be able to withdraw their earnings after 14 days upon marking their order as 'complete'. During this time, buyers and sellers will be able to file a complaint and request refunds. WSWC acts as the moderator for disputes over orders. Personal information: Buyers and sellers must have a user account which includes providing a name, shipping address and phone number, plus an email that is confirmed during account setup. Additionally, sellers provide a wallet address for BTC or ETH to receive payments from escrow (other cryptos received in escrow are converted). This market gathers IP address information about buyers and sellers, which can be obscured with a VPN. The store also uses Google Analytics which will process and record data such as your IP, country, page views, navigation habits, and time spent on viewing pages. TOR browser not in full screen can defeat Google. Privacy: They say payments are confirmed and validated via the blockchain and no buyer wallet information is processed or stored on their servers. Wallet addresses are supposedly not associated with personal information, which could actually be as little as an email address for sellers. WSWC is based in Estonia, a top country for internet freedom and privacy. International shipments may require disclosure of contact and purchase information to customs authorities. Seller experience: The store setup is very capable. Discount codes are also supported. Variations allow selection of options and quantities with different prices within a single listing. However, the variation setup is not intuitive, doesn't match the instructions and a bit frustrating at first. Secret tip: To add each new variation, you must select the + at the lower right of the last variation to "Add New Block". In the term of service there is a long list of items, or anything similar, which cannot be sold. Violation will result in closure of the seller's account. This probably the biggest downside of this marketplace for some sellers. Buyer experience: There is an excellent search feature and categorical product finding for buyers. Products appear in the search very quickly. Summary: WeShopWithCrypto.com is by far the most capable of the four website based markets for sellers and buyers. A little more information is gathered than some of the others, but only the email and wallet addresses are verified. Being based in Estonia provides a high level of privacy, except for international shipments. Learning how to create variation listings with outdated instructions is the biggest seller downside initially. Then dodging the terms of service restrictions could be a problem for some sellers. 8) Title: Re: Will You Circumvent KYC if You Can? Post by: cotton ball on November 19, 2019, 01:54:11 AM Why have circumvent for doing KYC if get trusted site, I will verify my KYC if exchange market have really trusted like Binance and Bittrex, what for have not allow for KYC on both exchange market if need for trading and withdrawing our assets with higher amount, when you find bad exchange site better never pass your KYC and look other way how to withdraw without submit KYC.
Title: Re: Will You Circumvent KYC if You Can? Post by: mobnepal on November 19, 2019, 07:48:42 AM Quote Using Revolut on Bisq has given users an avenue through which they can improve privacy as the fast and convenient Revolut is virtual banking service. Revolut is a registered company and are involved with financial activity so there is no way you can hide your a** under them, they have KYC in place and they also don't support every country.Quote Bisq still stands out as the most popular app for privacy-conscious users, as they do not need to supply information such as the user’s name, a verification or the email ID. The platform has been described as a peer to peer routed through Tor. Really do they have those features any source to verify it? From what I know they used to be known as bitsquare before and are still struggling to gain trading volume which is crucial for any trading platform. Another limitation they have is you need to download their own software to trade, they don't have any web version of their app. Article is More likely a paid/free press release for Bisq ;D Title: Re: Will You Circumvent KYC if You Can? Post by: tsaroz on November 19, 2019, 07:53:07 AM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ There are many options not only bisq that a trader can use just to trade between cryptocurrencies. There are many dex that does the job of making your conversion while respecting your privacy. But centralized exchanges now offers much more than the trading between two different coins. Users are compelled to do a KYC in order to use those services. Title: Re: Will You Circumvent KYC if You Can? Post by: Getmon on November 19, 2019, 08:00:38 AM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ There is but you need to do some major adjustments. Instead of using centralized exchanges for example you need to use decentralized exchanges. You can also avoid using registered apps or sites that would convert your coin into fiat whenever you need to. You will do it over the counter. Or you can also do your transactions on a peer to peer level. Title: Re: Will You Circumvent KYC if You Can? Post by: Casdinyard on November 19, 2019, 08:20:08 AM Article is More likely a paid/free press release for Bisq ;D The way it was written, yeah sounds like.I detest government influence on Bitcoin. We can say that as SEC and AML does this since many had abuse the use of bitcoin and implementing kyc is the least that they could do.Quote But what we have today is Bitcoin that is increasingly becoming another central bank. Not literally and like what the others had said, and keep your privacy then choose other exchange sites that don't require kyc and we all knew binance don't require it unless you want to withdraw more than 2btc on daily basis.Title: Re: Will You Circumvent KYC if You Can? Post by: Swordsoffreedom on November 19, 2019, 08:32:58 AM What is all the fear about? Never had bad experience with KYC, except when they were declining perfectly good photos because of "quality issues". I mean, what can they do with your data to hurt you? One security measure I do is I put watermark over photo of my ID.
Title: Re: Will You Circumvent KYC if You Can? Post by: audaciousbeing on November 19, 2019, 08:44:50 AM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ Unfortunately, only few politicians who are in sensitive roles are interested in what you are doing the majority of others are only interested in what concerns the masses and how they will win their next term in office and nothing else. Now on the issue of KYC, everyone would avoid it if there is a need whether you are a good person having a nice motive for not wanting to be tracked down or a kidnapper or money launderer who wants a form of currency to further expand his criminal network but for KYC, when you begin to imagine the extent at which people would go to make sure another individual suffers or lose his resources for their own pleasure you will understand that KYC is the least of things that should be done to reduce such activities. Title: Re: Will You Circumvent KYC if You Can? Post by: Ucy on November 19, 2019, 09:08:27 AM Ofcourse, I'd prefer to use money freely without kyc just as we use cash in real world. Online world is unfortunately a weird place to use or exchange money. This is one of the reasons I avoid using money online before discovering Bitcoin. Information about your online purchases with fiats could get into the "wrong hand/hands" one day. Wrong hands could be hackers, extremists, blackmailers, dictators, tyrants, lawless ones etc.
Title: Re: Will You Circumvent KYC if You Can? Post by: GideonGono on November 19, 2019, 09:10:50 AM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ Sometimes it’s good that the government is getting involved in the cryptoworld since it simply means that it is getting popular and new regulations are made in order to gave order and proper punishment to those who are abusing the cryptocurrencies since some use it to take advantage of other people that’s why at some situations, KYC is important. Though you can always choose not to and that’s the beauty of Bitcoin. You can always choose how much information will you share to others.Title: Re: Will You Circumvent KYC if You Can? Post by: bounceback on November 19, 2019, 10:00:45 AM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ maybe some exchanges now ask us to send them an identity. I think it's only to limit exchange users for certain countries and to increase withdrawal limits, so you don't need to worry they will definitely not abuse our identity so far. Actually, I personally often do KYC in several exchanges but my identity is still safe until now. Title: Re: Will You Circumvent KYC if You Can? Post by: TRONTON on November 19, 2019, 11:02:08 AM What is all the fear about? Never had bad experience with KYC, except when they were declining perfectly good photos because of "quality issues". I mean, what can they do with your data to hurt you? One security measure I do is I put watermark over photo of my ID. just a little anxiety about data misuse and anonymity, in fact it doesn't really matter, this is the second trend after anxiety about its relationship with taxes in the future.two months ago hackers leaking user data in the 2018 period from binance exchange, if your data and photos (with watermark) are included there, are you comfortable with that? if I were, of course not. Title: Re: Will You Circumvent KYC if You Can? Post by: Aying on November 19, 2019, 12:21:20 PM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ Sometimes it’s good that the government is getting involved in the cryptoworld since it simply means that it is getting popular and new regulations are made in order to gave order and proper punishment to those who are abusing the cryptocurrencies since some use it to take advantage of other people that’s why at some situations, KYC is important. Though you can always choose not to and that’s the beauty of Bitcoin. You can always choose how much information will you share to others.I agree with you @GideonGono. A lot is happening now inside crypto, there are improvements for the technology and for users. hacking is also prevalent. we can't take any action if no superior handle it. without that rules everyone is still deceiving other crypto users. we know that there is always a cheating happening. but in this way the number involved and the victim decreases. so kyc really helps all of us. we do not have to worry about the consequences, because we know blockchain is transparent they can't fool us. Title: Re: Will You Circumvent KYC if You Can? Post by: Hamphser on November 19, 2019, 02:55:20 PM You can use cryptocurrency as much as you can as long as you don't go to any exchanges to trade your crypto to fiat. But no matter how hard you try to avoid it the government will always win because you are outnumbered unless if you don't use cryptocurrency while living peacefully with your business but using cash entirely as an anonymous person without using some of the government that can track you down. But of course, it just happens to some people.
Title: Re: Will You Circumvent KYC if You Can? Post by: Dabs on November 19, 2019, 04:42:33 PM Not trying to condone any illegal activity, but you should have enough siblings, parents, grand parents, cousins, relatives and friends who don't know how to use computers and have valid ID. Although they are increasingly requiring video phone calls now, which is so annoying.
Title: Re: Will You Circumvent KYC if You Can? Post by: Nolimitz84 on November 19, 2019, 05:43:07 PM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ I've never done this kind of thing,but I've heard that someone still finds ways to provide fake documents.I think very soon such methods will be less, because in many services KYC already require video verification.It's still harder to get around.Title: Re: Will You Circumvent KYC if You Can? Post by: darkangel11 on November 19, 2019, 06:32:36 PM They are still registering on revolut and giving them their real data. If you don't there's a risk that if revolut ever blocks your account you won't have a way to prove that you own the account. There are many ways to unblock an account but all of them come down to giving them some of your private data, at the very least your real name, address and phone number. Doe it really help you protect your data? Instead of full KYC where you send them your ID you get to only fill the gaps in their form.
Title: Re: Will You Circumvent KYC if You Can? Post by: ReiMomo on November 19, 2019, 06:51:40 PM Nowadays, usually, crypto exchanges required KYC/AML to their clients. So, the fact that we can't stay hide and become anonymous in crypto because once we want fiat and our crypto asset will be converted into fiat we must pass first the KYC verification. Bypassing those requirements is really hard to fake because it is also required a video interview which is hard to escape.
Title: Re: Will You Circumvent KYC if You Can? Post by: bittraffic on November 19, 2019, 07:06:47 PM What is all the fear about? Never had bad experience with KYC, except when they were declining perfectly good photos because of "quality issues". I mean, what can they do with your data to hurt you? One security measure I do is I put watermark over photo of my ID. just a little anxiety about data misuse and anonymity, in fact it doesn't really matter, this is the second trend after anxiety about its relationship with taxes in the future.two months ago hackers leaking user data in the 2018 period from binance exchange, if your data and photos (with watermark) are included there, are you comfortable with that? if I were, of course not. Will they accept it if you put watermarks to your photo? I have tried cropping my photos when I send it to the coineal and they refuses to accept it because they think I have done some cropping. I don't know how they come to such conclusion but yes I did crop to make compress the side at the same time since there is the limit of file size to send. Let alone adding watermark. Hackers are hacking exchanges though so you having some information there is that they can use your information or sell it to register to something else. Title: Re: Will You Circumvent KYC if You Can? Post by: Kprawn on November 19, 2019, 07:15:30 PM Yes. The reason is simple, because the government is just a bunch of people just like us and we do not need to bend the knee to everything they
say. Imagine if these people knew everything that you did with your money... they can use that against you if they wanted to. Let's say they want something from you and they track all your financial data and they see you visiting brothels or buying g-strings for your girlfriend... then they would have leverage to force you to do what they want. Information is power and power in the wrong hands are toxic. >:( Title: Re: Will You Circumvent KYC if You Can? Post by: pixie85 on November 19, 2019, 08:02:41 PM Nowadays, usually, crypto exchanges required KYC/AML to their clients. So, the fact that we can't stay hide and become anonymous in crypto because once we want fiat and our crypto asset will be converted into fiat we must pass first the KYC verification. Bypassing those requirements is really hard to fake because it is also required a video interview which is hard to escape. Really? They wanted you to send them a video? This is very rare. I'm using more than 5 different exchanges and none of them wanted a video. I don't need to circumvent KYC because i'm selling so little every year that I'm fine with the limits exchanges impose on unverified users. Maybe if they all start to demand KYC even if you're withdrawing small amounts then I'll think of something. Title: Re: Will You Circumvent KYC if You Can? Post by: milani on November 19, 2019, 08:53:10 PM In my opinion KYC procedure is needed at least in order to avoid frauds, but not everywhere. Some services use KYC for fishing. And of course I am not happy that in some way or somehow may be partially government uses this procedure to control such processes. But we should remember that without any control at all it will become a real chaos in every direction of peoples lives. So may be partially KYC is needed. But it is better to be attentive with unknown and strange services that just may use all the information you gave against you.
Title: Re: Will You Circumvent KYC if You Can? Post by: batang_bitcoin on November 19, 2019, 09:15:14 PM Bitcoin as Central bank? how can you see up to that point. Bitcoin itself can't implement KYC but the exchanges that has bitcoin listed on their platform. How could bitcoin implement such gov't matters like KYC or being a central bank if its alone?
Does sound like Bisq promotion already. Yes, most likely. :PTitle: Re: Will You Circumvent KYC if You Can? Post by: diahsw on November 19, 2019, 10:58:50 PM there is no way for it, we must follow the rules provided by the market, and even then one of the prevention of fraud, it is a good step, if you do not agree with it, lest you are the problem, or if you are a criminal and a cheat. . !!
Title: Re: Will You Circumvent KYC if You Can? Post by: Slow death on November 19, 2019, 11:43:36 PM But what we have today is Bitcoin that is increasingly becoming another central bank. Bitcoin is decentralized, but service providers such as exchanges and Wallets are privately owned (centralized) and must comply with government laws. Only good bitcoin laws can create good conditions for people to feel good about doing KYC and having their data protected. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ There is a serious problem with this question of KYC. Why the hell should people do KYC in an exchange where the owner is anonymous and has no license? It makes no sense that an anonymous, non-government-licensed exchange requests that your customers make KYC Title: Re: Will You Circumvent KYC if You Can? Post by: AmoreJaz on November 19, 2019, 11:54:23 PM But what we have today is Bitcoin that is increasingly becoming another central bank. Bitcoin is decentralized, but service providers such as exchanges and Wallets are privately owned (centralized) and must comply with government laws. Only good bitcoin laws can create good conditions for people to feel good about doing KYC and having their data protected. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ There is a serious problem with this question of KYC. Why the hell should people do KYC in an exchange where the owner is anonymous and has no license? It makes no sense that an anonymous, non-government-licensed exchange requests that your customers make KYC theres really serious prob in that scenario! why would they ask kyc in the first place? but for the users, if the exchange will screw them, they dont have to complain because they should know who they are dealing with to begin with i accept the fact that we need to comply kyc at a certain level. but for small amounts, i dont think its fair to even submit our vital docs Title: Re: Will You Circumvent KYC if You Can? Post by: adjed on November 19, 2019, 11:57:02 PM One of the reasons I fell in love with Cryptocurrencies is the fact that I can make transactions fast and anonymously, people simply like their privacy and this isn't a crime but the society is constantly finding more and more creative ways to part with every details about us and many see Bitcoin and Cryptocurrencies as a way to do this, so ofcourse, we would always find ways to circumvent except in cases where we absolutely have no other choice.
In my opinion KYC procedure is needed at least in order to avoid frauds, but not everywhere. I strongly disagree with this, KYC just forces criminals to hide their activities better, they would just find better and more creative means to hide their illegal activities, I think the KYC is just enforced so that they would have the upper hand and not because of any practical reasons.Title: Re: Will You Circumvent KYC if You Can? Post by: avikz on November 20, 2019, 06:30:25 AM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ Firstly my question to you is that, why you want to run such a business that you want no one to know? I have seen this kind of attitude in my local marijuana seller who wants to keep his business within a very private group of people! I would try to circumvent kyc only if I am willing to run an illegal business. Othersie, it makes no sense to hide it from the society! Title: Re: Will You Circumvent KYC if You Can? Post by: NeuroticFish on November 20, 2019, 06:42:51 AM There are way too many websites asking for name, address, e-mail just to grow their databases to sell it or at least spam later on.
If there are no funds involved, I will most probably use fake data, from X X to some random name. But where funds are involved I either put real data, either leave. And that's because for whatever reasons I can lose money if it's not my name there. Title: Re: Will You Circumvent KYC if You Can? Post by: alisonwonder on November 20, 2019, 06:57:19 AM there are so many kyc systems in crypto nowadays, even some airdrops must use kyc, but if the value of the prize is great I will do that.
at first I did not like the kyc system, but after I thought this kyc was quite useful for a time when we lost money. because there is a lot of fraud out there. Title: Re: Will You Circumvent KYC if You Can? Post by: bitvalak on November 20, 2019, 07:09:59 AM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ KYC is needed if you lose control of your own account, not to centralize. Centralization occurs when you have a certain amount then you are asked to pay taxes for it.Title: Re: Will You Circumvent KYC if You Can? Post by: CryptoBry on November 20, 2019, 08:05:10 AM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? Let it be cleared that it is not Bitcoin that is getting to be like a central bank but the many services and platforms somehow or one way or another connected with it or using it. Now, I think that the only we can get away from the KYC is if we are doing P2P but that is not the case these days because we still prefer third party platforms whom we feel offer more convenience and other benefits. In other words, if we don't like to do KYC with a site then we just don't use it, am sure nobody can force us if we refuse. On the hand, there is nothing we can do if a certain provider is not going to exempt us from their KYC and will not allow us to continue to enjoy the said platform. Title: Re: Will You Circumvent KYC if You Can? Post by: Free1bitco.in on November 20, 2019, 09:29:42 AM I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ Firstly my question to you is that, why you want to run such a business that you want no one to know? I have seen this kind of attitude in my local marijuana seller who wants to keep his business within a very private group of people! I would try to circumvent kyc only if I am willing to run an illegal business. Othersie, it makes no sense to hide it from the society! Title: Re: Will You Circumvent KYC if You Can? Post by: btc_angela on November 20, 2019, 09:46:03 AM Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ Why not? We don't want to exposed our personal data just to be able to withdraw our bitcoin to fiat, so if there's a way then I think I will go for it. Specially that there are reports that many of crypto traders information have been leaked many times before, so I would rather try to work around to circumvent KYC if I can, just saying. Title: Re: Will You Circumvent KYC if You Can? Post by: elisabetheva on November 20, 2019, 09:55:16 AM Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/ Why not? We don't want to exposed our personal data just to be able to withdraw our bitcoin to fiat, so if there's a way then I think I will go for it. Specially that there are reports that many of crypto traders information have been leaked many times before, so I would rather try to work around to circumvent KYC if I can, just saying. Title: Re: Will You Circumvent KYC if You Can? Post by: gabmen on November 20, 2019, 11:03:33 AM I probably would but only at certain situations. Not all wallets require kyc so peer to peer transactions would still remain anomymous. Also, paper wallets and hard wallets, which i think is a lot safer, doesn't require kyc. For exchanges, i think there's nothing we can do but abide. I'm not dealing with huge amounts of coins anyway so i'm a bit indifferent when it comes to kyc in exchanges.
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