I shared my id photos to cex.io and started paranoia

[p3ppymon]

Cex.io is regulated by the financial authority, hence your personal data are protected. Feel free to share. Just don’t think about it and you will be fine.
In case of hack, someone might steal your credentials, but it can happen in any site you share your identity.

[bear100]

Cex.io is regulated by the financial authority, hence your personal data are protected. Feel free to share. Just don’t think about it and you will be fine.
In case of hack, someone might steal your credentials, but it can happen in any site you share your identity.

I doubt that any of exchange has fully regulated mechanism or jurisdiction. In Japan there are some actions from the government to legalize crypto exchanges, but this is only the beginning of the road. For now, the risk is high. But high risk = high potential profit.

[marky89]

Is it safe to share id informations to the exchange sites, is someone can do with these? I'm feeling like someone will use my id informations for the crimes at any moment. Can someone help me about this thought, i even can't sleep in peace now.

Well, they are registered with FINCEN and are thus a money transmitter, so they need to comply with AML/KYC regulations. They laid out their policy a few years ago, so it's nothing new. They've been around for years and they're a legitimate exchange (as far as those who operate without state MSB licenses go, anyway).

But in general, I minimize the identity documents and personal information I give to altcoin exchanges. They generally say nothing about complying with data protection laws, and historically, database leaks are rampant. I had my ID and other information leaked from MT Gox several years ago. I don't intend for it to happen again. So these days, I stick to Changelly and Shapeshift, decentralized exchanges, or Bitmex for trading high cap altcoins with leverage.

[varols]

Is it safe to share id informations to the exchange sites, is someone can do with these? I'm feeling like someone will use my id informations for the crimes at any moment. Can someone help me about this thought, i even can't sleep in peace now.

Well, they are registered with FINCEN and are thus a money transmitter, so they need to comply with AML/KYC regulations. They laid out their policy a few years ago, so it's nothing new. They've been around for years and they're a legitimate exchange (as far as those who operate without state MSB licenses go, anyway).

But in general, I minimize the identity documents and personal information I give to altcoin exchanges. They generally say nothing about complying with data protection laws, and historically, database leaks are rampant. I had my ID and other information leaked from MT Gox several years ago. I don't intend for it to happen again. So these days, I stick to Changelly and Shapeshift, decentralized exchanges, or Bitmex for trading high cap altcoins with leverage.

What did you do after leak and is something happened bad?