BITSTAMP insane KYC questions

[zantafio]

To conclude our due-diligence procedure, we would however kindly ask you to also provide the following:

1. What is your current occupation?
2. What is the purpose of your Bitstamp account? Describe in as much detail as possible how you use your trading account.
3. Are you using your Bitstamp account in connection with any business/commercial related activity? If so, how?
4. Do you have an established relationship with any other bitcoin exchange?
5. What is the source of the funds deposited to your Bitstamp account? Please provide any financial documentation which can confirm how the funds sent to your Bitstamp account were acquired.
6. Which banks do you intend to use with your Bitstamp account for fiat deposits/withdrawals? Provide complete addresses, account number and SWIFT/BIC codes.
7. What is the estimated amount you intend to deposit/withdraw to/from your Bitstamp account per month (in USD/BTC)?
8. Any relevant financial document which can confirm how funds deposited to your Bitstamp account were/are being acquired. For example, bank statement showing income source, personal tax return, documents/screenshots that can confirm you are receiving family gifts, etc.
9. What is the purpose and destination of your bitcoins withdrawals made from your Bitstamp account?
10. Are you using your Bitstamp account in connection with any gambling related activities?



So I have been waiting a full week for my SEPA deposit to be processed and now I'm getting the above questionnaire. I'm done with them! I hope they will reverse my deposit diligently.

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[RodeoX]

Wow, that is insane. My answer to almost every question is "Get bent".

[Danslip]

To conclude our due-diligence procedure, we would however kindly ask you to also provide the following:

1. What is your current occupation?
2. What is the purpose of your Bitstamp account? Describe in as much detail as possible how you use your trading account.
3. Are you using your Bitstamp account in connection with any business/commercial related activity? If so, how?
4. Do you have an established relationship with any other bitcoin exchange?
5. What is the source of the funds deposited to your Bitstamp account? Please provide any financial documentation which can confirm how the funds sent to your Bitstamp account were acquired.
6. Which banks do you intend to use with your Bitstamp account for fiat deposits/withdrawals? Provide complete addresses, account number and SWIFT/BIC codes.
7. What is the estimated amount you intend to deposit/withdraw to/from your Bitstamp account per month (in USD/BTC)?
8. Any relevant financial document which can confirm how funds deposited to your Bitstamp account were/are being acquired. For example, bank statement showing income source, personal tax return, documents/screenshots that can confirm you are receiving family gifts, etc.
9. What is the purpose and destination of your bitcoins withdrawals made from your Bitstamp account?
10. Are you using your Bitstamp account in connection with any gambling related activities?



So I have been waiting a full week for my SEPA deposit to be processed and now I'm getting the above questionnaire. I'm done with them! I hope they will reverse my deposit diligently.

Ouch...  Is there any requirement like photo with your family at the front of house?

[mrhelpful]

Or just buy bitcoin elsewhere problem solved.

Do it cash and do it local.

[amaral1977]

This KYC procedures are, as everything in crypto, going crazy. If the market is volatile, cryptomarket is all vapor, if companies and stocks are created and destructed often, cryptos are killed every second to sometimes rise from the dead to have millions valued and know they are going above and beyonde with this KYC shit.

LEts trade it for cash and avoid the hassle all together!

[shdvb]

I also submited them my housing certificate shows my name and address (in english) and they declined and require my utility bills but i dont have english for them.I dont know how they work but for those insane KYC i see not worth it to get a bitstamp verified account anymore.


So what?they want to take your underware and know its yours then satisfied? all bullshit.

[DumbLefty]

I went through all that, got verified then my CC told me they won't allow purchases from them because of their location. Simple or whatever CC processor they use now. FML.