Will You Circumvent KYC if You Can?

[Newchanka]

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/

[nicecrypto]

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.

[Pearls Before Swine]

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.

[bittraffic]

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.

[hello_good_sir]

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.

[Tylev]

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.

[veleten]

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 
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

[Kyraishi]

.

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.

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.

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.

[dothebeats]

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.

[Mike Mayor]

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.

[posi]

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.

[d3nz]

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.

[Wintersoldier]

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.

[BADecker]

Is this the way around KYC?


WEB BASED & DECENTRALIZED MARKETPLACES SELLING FOR CRYPTO WITHOUT KYC

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.

OpenBazaar is a free, decentralized, open source program by the US corporation OB1. Having a company behind it provides a control point which makes it less than fully decentralized. It was built to provide everyone with the ability to buy and sell directly with each other freely. The desktop app can be downloaded from https://openbazaar.com .

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.

Haven – Private Shopping mobile app on Android and Apple iOS is the mobile version of OpenBazaar's decentralized market. The app can be downloaded from https://gethaven.app and a non-Google download for the Android app is at https://apkpure.com/haven-private-shopping/io.ob1.nativeandroid .

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

WeShopWithCrypto.com is brand new and easily the best of the website based options for sellers.

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.

[cotton ball]

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.

[mobnepal]

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.

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  

[tsaroz]

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.

[Getmon]

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.

[Casdinyard]

Article is More likely a paid/free press release for Bisq  

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.

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.

[Swordsoffreedom]

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.