Do you really feel comfortable giving away all the information Gemini requests?

[Slark]

No, and that is why I won't be using Gemini. But every other exchange collect similar information, and even if you share your bank account  (this is required with 95% of bitcoin exchanges) they can track you and extract every bit of your personal information directly from the Bank.
So I am not sure what are some of you so angry about.

[NorrisK]

I wouldn't mind giving that information at this moment. It is only for acquiring and trading your bitcoins anyway.

Also, probably the only reason not to is because you want to avoid taxes if you live in the USA.

[intristin]

So they made two deposits into my account to verify my bank account. The two deposits came out to $1.49 in total, lol. I got some of that Facebook money now, thanks Zuck! I'm gonna buy me a coffee with this at the corner store and tell the cashier it's on Zuck! 

[countryfree]

No, I don't feel comfortable at all. So much that I'll never use that service. More than that, I don't feel comfortable in my home country, nor do I feel much comfortable when I'm traveling the US. I believe that very soon the only place when an average guy would be able to feel truly comfortable will be the open sea.

[BTCBinary]

Please also note that Section 326 of the USA PATRIOT ACT requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. This federal requirement applies to all new Users. This information is used to assist the United States government in the fight against the funding of terrorism and money-laundering activities.

What this means to you: when you open a Gemini and/or User account, we will ask each person for their name, physical address, mailing address, date of birth, and other information that will allow us to identify them.

I know the "patriot act" is supposed to protect us from terrorism and all, but do you really feel comfortable handing over SS#'s and everything possible to identify you as a person and track every single "bit" you are spending?

https://exchange.gemini.com/user-agreement

Of course not. One of the reasons that Bitcoin was created was to give their users privacy. It seems that they are not regarding this...

[1Referee]

Surely not. But I will research as much as I can to make sure the exchanges is what they say it is. If everything is right, I will happily test out their exchange.

I also don't like the fact that Bitstamp has my personal information and a high res scan of my identity. At this point we have no choice other than to provide them our details.

[chennan]

Surely not. But I will research as much as I can to make sure the exchanges is what they say it is. If everything is right, I will happily test out their exchange.

I also don't like the fact that Bitstamp has my personal information and a high res scan of my identity. At this point we have no choice other than to provide them our details.

Just curious, what else can you research about the site that's not already on the user agreement form? Everything that they would hide is in there, and from what I read it isn't something I would want to be apart of... But because of the circumstances of where I live might force me to sign up. I don't know what to do to be honest.. All the exchanges doesn't give the customers one lick of privacy at all, I guess it helps us because of the whole Gox thing, but still... Just doesn't feel right.

[aso118]

There is no escaping these requirements, each time there is a BTC-fiat interface.
In any case, the main target for Gemini will be institutional investors who will have no problems in giving this information.

[Soros Shorts]

I am not sure I can trust Gemini to safeguard my private information. I know there are AML/KYC regulations that require them to collect our information, but are there regulations that require them to safeguard said information? For credit cards banks have to comply with PCI regulations. For medical records hospitals have to comply with HIPAA. Most fincancial service providers require yearly audits for SAS70, SSAE16, etc. Do Bitcoin exchanges even need to comply with anything as far as protecting our information is concerned?

If you want regulation you need complete regulation that includes those intended to protect the customers of the exchange ... not just to satisfy AML/KYC. I am not sure we are there yet.

[Omikifuse]

I won't give my information when I don't need have too. Specially when I don't know about how they handle their security.

Then I will not use Gemini