Will You Circumvent KYC if You Can?

[audaciousbeing]

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/

Unfortunately, only few politicians who are in sensitive roles are interested in what you are doing the majority of others are only interested in what concerns the masses and how they will win their next term in office and nothing else. Now on the issue of KYC, everyone would avoid it if there is a need whether you are a good person having a nice motive for not wanting to be tracked down or a kidnapper or money launderer who wants a form of currency to further expand his criminal network but for KYC, when you begin to imagine the extent at which people would go to make sure another individual suffers or lose his resources for their own pleasure you will understand that KYC is the least of things that should be done to reduce such activities.

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[Ucy]

Ofcourse, I'd prefer to use money freely without kyc just as we use cash in real world. Online world is unfortunately a weird place to use or exchange money. This is one of the reasons I avoid using money online before discovering Bitcoin. Information about your online purchases with fiats could get into the "wrong hand/hands" one day. Wrong hands could be hackers, extremists, blackmailers, dictators, tyrants, lawless ones etc.

[GideonGono]

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/

Sometimes it’s good that the government is getting involved in the cryptoworld since it simply means that it is getting popular and new regulations are made in order to gave order and proper punishment to those who are abusing the cryptocurrencies since some use it to take advantage of other people that’s why at some situations, KYC is important. Though you can always choose not to and that’s the beauty of Bitcoin. You can always choose how much information will you share to others.

[bounceback]

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/

maybe some exchanges now ask us to send them an identity. I think it's only to limit exchange users for certain countries and to increase withdrawal limits, so you don't need to worry they will definitely not abuse our identity so far. Actually, I personally often do KYC in several exchanges but my identity is still safe until now.

[TRONTON]

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.

just a little anxiety about data misuse and anonymity, in fact it doesn't really matter, this is the second trend after anxiety about its relationship with taxes in the future.

two months ago hackers leaking user data in the 2018 period from binance exchange, if your data and photos (with watermark) are included there, are you comfortable with that? if I were, of course not.

[Aying]

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/

Sometimes it’s good that the government is getting involved in the cryptoworld since it simply means that it is getting popular and new regulations are made in order to gave order and proper punishment to those who are abusing the cryptocurrencies since some use it to take advantage of other people that’s why at some situations, KYC is important. Though you can always choose not to and that’s the beauty of Bitcoin. You can always choose how much information will you share to others.

I agree with you @GideonGono. A lot is happening now inside crypto, there are improvements for the technology and for users. hacking is also prevalent. we can't take any action if no superior handle it. without that rules everyone is still deceiving other crypto users. we know that there is always a cheating happening. but in this way the number involved and the victim decreases. so kyc really helps all of us. we do not have to worry about the consequences, because we know blockchain is transparent they can't fool us.

[Hamphser]

You can use cryptocurrency as much as you can as long as you don't go to any exchanges to trade your crypto to fiat. But no matter how hard you try to avoid it the government will always win because you are outnumbered unless if you don't use cryptocurrency while living peacefully with your business but using cash entirely as an anonymous person without using some of the government that can track you down. But of course, it just happens to some people.

[Dabs]

Not trying to condone any illegal activity, but you should have enough siblings, parents, grand parents, cousins, relatives and friends who don't know how to use computers and have valid ID. Although they are increasingly requiring video phone calls now, which is so annoying.

[Nolimitz84]

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've never done this kind of thing,but I've heard that someone still finds ways to provide fake documents.I think very soon such methods will be less, because in many services KYC already require video verification.It's still harder to get around.

[darkangel11]

They are still registering on revolut and giving them their real data. If you don't there's a risk that if revolut ever blocks your account you won't have a way to prove that you own the account. There are many ways to unblock an account but all of them come down to giving them some of your private data, at the very least your real name, address and phone number. Doe it really help you protect your data? Instead of full KYC where you send them your ID you get to only fill the gaps in their form.

[ReiMomo]

Nowadays, usually, crypto exchanges required KYC/AML to their clients. So, the fact that we can't stay hide and become anonymous in crypto because once we want fiat and our crypto asset will be converted into fiat we must pass first the KYC verification. Bypassing those requirements is really hard to fake because it is also required a video interview which is hard to escape.

[bittraffic]

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.

just a little anxiety about data misuse and anonymity, in fact it doesn't really matter, this is the second trend after anxiety about its relationship with taxes in the future.

two months ago hackers leaking user data in the 2018 period from binance exchange, if your data and photos (with watermark) are included there, are you comfortable with that? if I were, of course not.

Will they accept it if you put watermarks to your photo? I have tried cropping my photos when I send it to the coineal and they refuses to accept it because they think I have done some cropping. I don't know how they come to such conclusion but yes I did crop to make compress the side at the same time since there is the limit of file size to send. Let alone adding watermark.

Hackers are hacking exchanges though so you having some information there is that they can use your information or sell it to register to something else.

[Kprawn]

Yes. The reason is simple, because the government is just a bunch of people just like us and we do not need to bend the knee to everything they

say. Imagine if these people knew everything that you did with your money... they can use that against you if they wanted to. Let's say they want

something from you and they track all your financial data and they see you visiting brothels or buying g-strings for your girlfriend... then they would

have leverage to force you to do what they want. Information is power and power in the wrong hands are toxic. 

[pixie85]

Nowadays, usually, crypto exchanges required KYC/AML to their clients. So, the fact that we can't stay hide and become anonymous in crypto because once we want fiat and our crypto asset will be converted into fiat we must pass first the KYC verification. Bypassing those requirements is really hard to fake because it is also required a video interview which is hard to escape.

Really? They wanted you to send them a video? This is very rare. I'm using more than 5 different exchanges and none of them wanted a video.

I don't need to circumvent KYC because i'm selling so little every year that I'm fine with the limits exchanges impose on unverified users. Maybe if they all start to demand KYC even if you're withdrawing small amounts then I'll think of something.

[milani]

In my opinion KYC procedure is needed at least in order to avoid frauds, but not everywhere. Some services use KYC for fishing. And of course I am not happy that in some way or somehow may be partially government uses this procedure to control such processes. But we should remember that without any control at all it will become a real chaos in every direction of peoples lives. So may be partially KYC is needed. But it is better to be attentive with unknown and strange services that just may use all the information you gave against you.

[batang_bitcoin]

Bitcoin as Central bank? how can you see up to that point. Bitcoin itself can't implement KYC but the exchanges that has bitcoin listed on their platform. How could bitcoin implement such gov't matters like KYC or being a central bank if its alone?

Does sound like Bisq promotion already.

Yes, most likely. 

[diahsw]

there is no way for it, we must follow the rules provided by the market, and even then one of the prevention of fraud, it is a good step, if you do not agree with it, lest you are the problem, or if you are a criminal and a cheat. . !!

[Slow death]

But what we have today is Bitcoin that is increasingly becoming another central bank.

Bitcoin is decentralized, but service providers such as exchanges and Wallets are privately owned (centralized) and must comply with government laws. Only good bitcoin laws can create good conditions for people to feel good about doing KYC and having their data protected.

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 a serious problem with this question of KYC. Why the hell should people do KYC in an exchange where the owner is anonymous and has no license? It makes no sense that an anonymous, non-government-licensed exchange requests that your customers make KYC

[AmoreJaz]

But what we have today is Bitcoin that is increasingly becoming another central bank.

Bitcoin is decentralized, but service providers such as exchanges and Wallets are privately owned (centralized) and must comply with government laws. Only good bitcoin laws can create good conditions for people to feel good about doing KYC and having their data protected.

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 a serious problem with this question of KYC. Why the hell should people do KYC in an exchange where the owner is anonymous and has no license? It makes no sense that an anonymous, non-government-licensed exchange requests that your customers make KYC

theres really serious prob in that scenario! why would they ask kyc in the first place? but for the users, if the exchange will screw them, they dont have to complain because they should know who they are dealing with to begin with
i accept the fact that we need to comply kyc at a certain level. but for small amounts, i dont think its fair to even submit our vital docs

[adjed]

One of the reasons I fell in love with Cryptocurrencies is the fact that I can make transactions fast and anonymously, people simply like their privacy and this isn't a crime but the society is constantly finding more and more creative ways to part with every details about us and many see Bitcoin and Cryptocurrencies as a way to do this, so ofcourse, we would always find ways to circumvent except in cases where we absolutely have no other choice.

In my opinion KYC procedure is needed at least in order to avoid frauds, but not everywhere.

I strongly disagree with this, KYC just forces criminals to hide their activities better, they would just find better and more creative means to hide their illegal activities, I think the KYC is just enforced so that they would have the upper hand and not because of any practical reasons.