matej krkic (OP)
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September 05, 2018, 01:28:28 PM |
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Shapeshift Moves to Membership Model Requiring User Information! I think crypto services are being forced to move to such models.
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AdolfinWolf
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September 05, 2018, 02:14:37 PM Last edit: September 05, 2018, 02:41:01 PM by AdolfinWolf |
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Shapeshift Moves to Membership Model Requiring User Information! I think crypto services are being forced to move to such models. That sounds like suicide for their service. I haven't extensively looked into the article, but if you need to create an account, plus additional KYC, what exactly are the upsides of their service compared to Binance? It seems like it really just defeats the purpose of their "Instant exchange" model. I'm afraid that sooner rather than later another Instant exchange such as Changelly is going to completely dominate the market. I've checked the article now -- Nowhere does it state if they're introducing this because it is required by law.. Seems like an extremely stupid move.
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Kemarit
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September 05, 2018, 03:23:47 PM |
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That's the final nail in the coffin for Shapeshift. First they change some policy that affected US customers, now they coming up will a full KYC requirements? They are charging exorbitant fees and this news give us more reasons to go around and look for alternative crypto exchange service. I don't know though how wallets that integrates Shapeshifts will be affected like Exodus or Jaxx. For those who are interested on how they protect your data: https://info.shapeshift.io/blog/2018/09/04/how-shapeshift-keeps-your-information-safe/
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pugman
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September 05, 2018, 03:53:12 PM |
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What the hell? Man, I loved shapeshift, well RIP! ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) The main reason that I used shapeshift was that no membership bullshit was required. No KYC, no fuckall shit. So only changelly is left, well won't be surprised if changelly does the same thing. Is there any valid reason behind or is it the original classic, compulsory KYC idiocy?
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buwaytress
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September 05, 2018, 04:16:26 PM |
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Shapeshift Moves to Membership Model Requiring User Information! I think crypto services are being forced to move to such models. That sounds like suicide for their service. I haven't extensively looked into the article, but if you need to create an account, plus additional KYC, what exactly are the upsides of their service compared to Binance? It seems like it really just defeats the purpose of their "Instant exchange" model. I'm afraid that sooner rather than later another Instant exchange such as Changelly is going to completely dominate the market. I've checked the article now -- Nowhere does it state if they're introducing this because it is required by law.. Seems like an extremely stupid move. Yeah, I think they'll realise this real quick and either scrap this altogether or pursue some other way around it (possibly a move to one of 'em upcoming blockchain islands maybe?). It may not be a legal requirement yet but if I recall, they were involved with enforcement in freezing funds sent to them when they were given the addresses of the thieves. That partnership probably gave them some good marketing, so it's possible they wanted to leverage on that - at the cost of their customers' privacy. Them atomic swapping Dexes will want to hurry up and displace the ilk of Shapeshifter.
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hugeblack
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September 05, 2018, 08:03:38 PM |
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I had a problem using Shapeshift for some time, and I stopped using it a month ago, but what will happen to the wallets based on Shapeshift exchange? So only changelly is left,
you can try: - https://flyp.me/: native Segwit support, exchanges of less than 1$, and without BitcoinCash ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) - https://www.shiftex.io/: I tried it once and worked fine, I do not know the current situation
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gentlemand
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September 05, 2018, 08:18:18 PM |
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I'm afraid that sooner rather than later another Instant exchange such as Changelly is going to completely dominate the market.
I wouldn't trust Changelly with my clinkers, let alone any money. Read the responses of their support on Reddit and tell me that sounds like a place KYC free - https://www.reddit.com/user/changelly_com
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cissrawk
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September 05, 2018, 10:10:43 PM Last edit: September 05, 2018, 11:18:29 PM by cissrawk |
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So, can i still using shapeshift without KYC? Or i must do KYC first now? Sorry i can't open the site, idk why. I hope i can still trade without do KYC first. The first one looks interesting, since you said they can do exchange with less than $1. Will give a try. Edit: Right now, it's not mandatory. From the CEO:
"Today, membership is optional, but it will become mandatory soon…Membership requires basic personal information to be collected."
Ah, okay. Thanks!
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TryNinja
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September 05, 2018, 11:16:37 PM |
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Right now, it's not mandatory. From the CEO:
"Today, membership is optional, but it will become mandatory soon…Membership requires basic personal information to be collected."
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matej krkic (OP)
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September 06, 2018, 09:29:30 AM |
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All these "scam accusations" against changenow were payed by one user ni23457. He openly stated that he is spending lots of money on spoiling changenow reputation. This is a result of a simple AML/KYC procedure applied to him (due to suspicious activity if his coins). He've sent fake ID 2 times and after that decided to spend his money and time on destroying the service instead of trying to solve the problem.
I personally suggest that this user is involved in some kind of scam (part of wex.nz team or related to bithumb or nicehash hack). I know that crypto services cooperate to find stolen money after massive hacks and maybe this is the case.
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AdolfinWolf
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September 06, 2018, 03:46:38 PM |
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Shiftex.io simply uses the API of either Shapeshift/Changelly/Evercoin(?) Doesn't really look like a valid alternative. https://flyp.me/ looks decent, although i have never heard of them before. I'm afraid that sooner rather than later another Instant exchange such as Changelly is going to completely dominate the market.
I wouldn't trust Changelly with my clinkers, let alone any money. Read the responses of their support on Reddit and tell me that sounds like a place KYC free - https://www.reddit.com/user/changelly_comAre you talking about https://www.reddit.com/r/Monero/comments/9cqmm2/do_not_use_changelly_they_steal_monero/e5danwt/?context=3That seems like exactly the same situation ChangeNow.io is in, the only difference here is that changelly is not getting flamed for it? Why is this not a big deal? Am i missing something? Please kindly note that our customers are always being warned in case their transactions become a subject of the KYC procedure. Once they accept our terms, they must follow them that includes providing their data to our security department if necessary. After verification on our end, their accounts get whitelisted so that customers are able to make further transactions of any amount without extra check. So once you accept their terms they can ask you for KYC data any time they want w/out providing information as to why.. Guess i'll be avoiding this exchange aswell.
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gentlemand
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September 06, 2018, 03:52:04 PM |
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Among others things, yes. In other posts I seem to remember them saying they have awarded themselves the right to keep whatever money fails to 'pass' their KYC checks. There are quite a few theories swirling around about Changelly being linked to Bytecoin, Freewallet and a few other places. None of it inspires me to ever give it a try. At the very least they smell of selective scamming to me.
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JanpriX
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September 06, 2018, 04:26:05 PM |
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Oh, well, that escalated into something that I will definitely not be a part of in the foreseeable future. They've been doing everything greatly until this announcement. They're saying that this is an optional "membership" thing but in reality, they're putting their customer in a position where you either choose to provide them the KYC documents or move on with your life and transfer to other exchange/service provider.
What I'm interested right now is how many customers will still use Shapeshift after this and will this company be able to survive in the coming months.
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TravelMug
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September 06, 2018, 07:06:27 PM |
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I'm afraid that sooner rather than later another Instant exchange such as Changelly is going to completely dominate the market.
I wouldn't trust Changelly with my clinkers, let alone any money. Read the responses of their support on Reddit and tell me that sounds like a place KYC free - https://www.reddit.com/user/changelly_comIn other words, they can wield power to and get your coins: https://thenextweb.com/hardfork/2018/09/04/monero-profiled-suspicious-exchange/And what makes its more suspicious is that it hasn't clarify how they mark a transaction suspicious. So if you failed their test, then say bye-bye to your coins.
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pugman
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September 07, 2018, 11:07:05 PM |
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What the..... Jesus christ, can we an exchange which doesn't do fuckall crap like this, PLEASE? Might as well go to trading stocks, if I wanted to experience same, if not worse than what stock exchanges have you deal with. I had a problem using Shapeshift for some time, and I stopped using it a month ago, but what will happen to the wallets based on Shapeshift exchange?
I am deadass curious about it too. you can try: - https://flyp.me/: native Segwit support, exchanges of less than 1$, and without BitcoinCash ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) - https://www.shiftex.io/: I tried it once and worked fine, I do not know the current situation I have honestly never heard of these exchanges, but I would take your word for it. No BCH gives an extra confidence. flyp.e only has a reddit subboard, and shiftex doesn't have that either. Not to mention shiftex is literally redirect website to shapeshift, changelly,and evercoin(God knows what this is). Have a look: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F6AaqxXs.png&t=665&c=4ptGyTaB7JMqTg)
Changelly fucked up too, cool. Awesome. So now...I go and trade in an exchange who no one knows. Shut up and take my money,unknown exchange.
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TryNinja
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September 07, 2018, 11:25:13 PM |
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Why not use Binance? They don’t require KYC (at least for now and for < 2 BTC exchanges). It’s been some time since there was good no-register fast exchangers.
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pugman
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September 07, 2018, 11:57:47 PM |
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Why not use Binance? They don’t require KYC (at least for now and for < 2 BTC exchanges). It’s been some time since there was good no-register fast exchangers.
Don't yell at me but I find their UI to be very ugly. ![Embarrassed](https://bitcointalk.org/Smileys/default/embarrassed.gif) And I don't remember my credentials that I registered with. I gotta figure that out first. Even though binance moved to Malta, they will just come out of nowhere and ask for KYC, its been a thing for more than a while now. I am too damn adamant to get used to it. I need a crypto-therapy.
Can some asshole please create a non-register quick transfer exchange, that doesn't do things like changelly and shapeshift, and just be a good exchange, for once?
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