Bitcoin and crypto currencies are getting dangerous

[Reid]

you are confusing bitcoin with centralized services.
bitcoin is the same way as it has ever been regarding the level of privacy and freedom it provides. but when you decide to use a centralized service with this decentralized currency then obviously you are subjecting yourself with all the rules that centralized service forces on you.
if you don't like that then don't use them!

Oh, I really hope I have huge amount of merits for this one.
After reading the OP all I can think about is to say "stay away from it if you don't like it".
Well, pooya87 already got it covered.

The control of privacy is still on you. You decide, your choice. Why go for an exchange? I bet you have a different purpose.

[Nhor1011]

I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.

KYC has nothing to do with freedom.ID verification is required when you use any fiat financial service(opening a bank account,forex trading account,using services like Paypal or Skrill,etc.)
Why the crypto exchange platforms should be different?They are considered to be financial services as well,so they have to abide by the same rules as fiat financial services.
The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities.

Exactly! If anyone has nothing to hide in authority ,should not be afraid of taking kyc and abiding the rules implemented by some exchanges in digital world which is the same rules as fiat financial services. If the Government will impose taxes one day ,then we have nothing to do but to follow.

[affandi]

a few days ago I was trading on BitMart, the reason was because the altcoin / token I wanted to sell was on that site. after registering then I made a deposit without seeing the withdrawal limit, it turns out that to make a withdrawal a document is required for KCY, otherwise my altcoin / token will be buried there. Like it or not I have to do KYC to withdraw my funds there, but I feel fine (because I'm not a problem person). It seems like nowadays many trading sites require KYC in order for us to trade there (perhaps for regulatory reasons), so the decision is yours. If you prefer privacy, never choose a trading site that requires KYC.

[kryptqnick]

I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.

First, not every exchange is always enforcing KYC. A friend of mine has been doing some trading on Binance, and he wasn't asked for KYC yet. Moreover, local exchanges where I exchange BTC for fiat regularly have never asked for my ID. I mean, I'm sort of exposed to them because they transfer money to my bank account and thus know my name, but at least I don't have to deal with this uncomfortable 'send a photo of you holding your passport' thing. Furthermore, I agree with pooya87 that exchanges are one thing while Bitcoin is another. Nobody's forcing you to give away your identity to make Bitcoin transactions. And finally, I'm not so sure about mixers being ineffective. Of course, with the right amount of resources on behalf of the stalkers and stupidity on behalf of the users it's possible to trace BTC and link an address with an identity, but that's not the fault of Bitcoin or of mixers.
P.S. If one wants to minimize the risk of being identified, one should use a coin that gives anonymity (like Monero), not pseudonymity.

[famo457]

I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.

KYC has nothing to do with freedom.ID verification is required when you use any fiat financial service(opening a bank account,forex trading account,using services like Paypal or Skrill,etc.)
Why the crypto exchange platforms should be different?They are considered to be financial services as well,so they have to abide by the same rules as fiat financial services.
The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities.

Exactly! If anyone has nothing to hide in authority ,should not be afraid of taking kyc and abiding the rules implemented by some exchanges in digital world which is the same rules as fiat financial services. If the Government will impose taxes one day ,then we have nothing to do but to follow.

It's not about "got nothing to hide" type thing, it's about being exposed, and never know who that KYC data might get in hands of who.

[FlightyPouch]

Not all of us though are using those exchanges or maybe these services that offer KYC. These platforms may accept bitcoin but I don't think you should say that it is the entirety of bitcoin and crypto currencies. People might be forced to do KYCs since they might use them for certain purposes or maybe they have no choice since it might be the only way to use it in their country. In terms of other transactions, you can still use bitcoin anonymously.

[wxa7115]

I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.

This just means that we need to go back to the roots of bitcoin if you want to retain your privacy, you can either have privacy for convenience you cannot have both, centralized exchanges offer convenience and you get access to a market in which billions of dollars are moving every day but if you want to access it then you need to accept that know your customer policies are going to be there.

If you want to retain your privacy then you need to use peer to peer trades and you need to be willing to sacrifice time and effort to make those trades but you will get your privacy back and that is invaluable.

[verita1]

I do not agree with your thinking because not all exchange platforms need KYC. There are many and reputable exchanges that you can choose and manage your bitcoin freely and anonymously.

According to my experience, the exchanges that have asked for KYC is because I need to make an exchange to Fiat like the local P2P exchanges. I think you need to give details of the exchanges in which you have felt invaded.

[Zionatin]

There are still many exchanges that don't need KYC. I'll never use a KYC exchange. Let the exchange send me their KYC then I will send back mine. There many people who think like us and still want DEX exchanges. IT is not like the demand has gone away.

I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.

KYC has nothing to do with freedom.ID verification is required when you use any fiat financial service(opening a bank account,forex trading account,using services like Paypal or Skrill,etc.)
Why the crypto exchange platforms should be different?They are considered to be financial services as well,so they have to abide by the same rules as fiat financial services.
The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities.

What a load of crap. Why are you even here? GO use fiat. I don't feel I need to tell someone who I am to use their service. What laws are you talking about? You have no idea what you are saying. Btw you don't need documents to use skrill or payeer so it just shows how little you know. Crypto doesn't abide by any rules since its not fiat. Again I asl why are you even here???

"The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities." more like the authorities have something to hide from us. Dude go to sleep. The fact you in a paying signature campaign disgusts me.

You are a joke. You talk about "hiding something" what about these places that ask for KYC why wont they give us their KYC huh??

I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.

KYC has nothing to do with freedom.ID verification is required when you use any fiat financial service(opening a bank account,forex trading account,using services like Paypal or Skrill,etc.)
Why the crypto exchange platforms should be different?They are considered to be financial services as well,so they have to abide by the same rules as fiat financial services.
The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities.

Exactly! If anyone has nothing to hide in authority ,should not be afraid of taking kyc and abiding the rules implemented by some exchanges in digital world which is the same rules as fiat financial services. If the Government will impose taxes one day ,then we have nothing to do but to follow.

It's not about "got nothing to hide" type thing, it's about being exposed, and never know who that KYC data might get in hands of who.

Those two are total idiots. Saying you don care about your privacy because you have nothing to hide is like saying you dont care about freedom of speach because you have nothing to say. Why in the hell would I pay tax incrypto? Its not fiat. There is no law about it. It is not owned by the goverment.

[Rengga Jati]

I noticed how every exchange now enforces KYC on every individual that registers on their site, ... Snipped..

It depends on what exchange it is, decentralized or centralized exchanges. if it is a centralized exchange surely you need to KYC in order to make certain limits of the transaction. However, if you register on the decentralized, it does not need any KYC approval. Of course, you must also consider what to choose whether the centralized and also decentralized.
In this case, it is not in the Bitcoin but in the platform itself. We may ignore the T&C if we do not register on that kind of site. So, please analyze first about the exchange to make and cash out your Bitcoin into cash.

[wxa7115]

KYC has nothing to do with freedom.ID verification is required when you use any fiat financial service(opening a bank account,forex trading account,using services like Paypal or Skrill,etc.)
Why the crypto exchange platforms should be different?They are considered to be financial services as well,so they have to abide by the same rules as fiat financial services.
The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities.

Exactly! If anyone has nothing to hide in authority ,should not be afraid of taking kyc and abiding the rules implemented by some exchanges in digital world which is the same rules as fiat financial services. If the Government will impose taxes one day ,then we have nothing to do but to follow.

And once again I got to see the I got nothing to hide argument, this is not about that this is about your rights and the huge risk that you are taking by sending your information to a bunch of people in another country that most likely are going to sell it in the black markets, and even if they do not do that they could get hacked and then your information ends up in the black markets anyway.

Your privacy is a right, I know that a lot of people do not see it that way because they are willing to give their information for free to social networks about what they like, what they don't like, the persons they know, how do they look like, their hobbies, where do they live and a lot of other information including financial information, but not everyone thinks like that and I'm surprised to see that in a market that was created with the express purpose of giving you your privacy back people are so willing to part with it and defend that point of view in the forum created by the founder of cryptocurrencies.

[CaVO32]

you are confusing bitcoin with centralized services.
bitcoin is the same way as it has ever been regarding the level of privacy and freedom it provides. but when you decide to use a centralized service with this decentralized currency then obviously you are subjecting yourself with all the rules that centralized service forces on you.
if you don't like that then don't use them!

And to add here, why using centralized services is dangerous? If you have nothing to hide and just a regular crypto user, it is normal for these centralized platforms to ask KYC because it is part of their license. Now, if you don't want to use this service, you can opt to p2p platforms but you should be ready with the risk involved. Converting your crypto to fiat usually entails submitting your kyc doc, whether via remittance center or local exchange, so you really can't avoid this step. But one thing you can avoid is submitting your docs to scrupulous websites..

[taufik123]

KYC is an option for you, whether you want to use services with KYC implementation or not. Several exchange platforms like Binance which is the biggest exchange are currently implementing KYC to get to know their customers well. There are several exchanges that do not implement KYC, but with a higher risk of losing assets because there will be no collateral. Freedom in cryptocurrency is indeed an option for everyone. You can use the DEX exchange to sell your crypto assets without the need for KYC. KYC is only a regulation that is established to keep assets safe.

[crzy]

Being anonymous on a centralized exchange or any project is not possible, because they are regulated and they have to comply all the necessary information so they can still operate legally. Don't worry, bitcoin is still decentralized and no once can literally control bitcoin. If you are afraid with your personal details being exposed, they start using DEX and trade anonymously. Being exposed doesn't put you on a dangerous place, not unless you used bitcoin to some suspicious transactions.

[mohunbagan1911]

Cryptiplier is crypto currency related website. This is a very userfriendly website to trade crypto currencty.

[peter0425]

Being anonymous on a centralized exchange or any project is not possible, because they are regulated and they have to comply all the necessary information so they can still operate legally. Don't worry, bitcoin is still decentralized and no once can literally control bitcoin. If you are afraid with your personal details being exposed, they start using DEX and trade anonymously. Being exposed doesn't put you on a dangerous place, not unless you used bitcoin to some suspicious transactions.

there are ways to prevent being anonymous so there is no way how could Bitcoin become dangerous?
maybe OP need to learn more about how and what Bitcoin and crypto is all about.

Cryptiplier is crypto currency related website. This is a very userfriendly website to trade crypto currencty.

Ohh yeah says by the account that created just to make this post.

[shoreno]

Being exposed doesn't put you on a dangerous place, not unless you used bitcoin to some suspicious transactions.

if the exchange is geniune but if the exchange is also suspicious , they wont care with whatever you do because they are going to sell your kyc anyways but lets not be like that  . dont do activities that are inapropriate so that you will live in a peaceful way , no need to hide , no doubts whatsoever . people use dex but this doesnt mean they are suspicious but theres only coins that works better if traded on this kind of exchange.

[bitcampaign]

this method may be done to prevent scammers, so that they cannot withdraw funds from their theft, but did you know that you don't have to do KYC, for example in Binance you don't need to do KYC but you are limited to daily withdrawals of around 2 BTC, I guess if small players are not a problem, are you a whale who always withdraws above 2 BTC or more so that KYC worries you, I just see it's a formality to comply with the rules, there is one project where this project might develop to replace future KYC system, pay attention to my signature

[arayde]

That's the price of adoption. Every government want to control money flows. Sure, there will be even more kyc & aml & tracking in the future

[Janation]

That's the price of adoption. Every government want to control money flows. Sure, there will be even more kyc & aml & tracking in the future

As they says it, it is a choice.

If you want to, you can use their service; if you don't want to have any KYCs then you could use other decentralized cryptocurrencies' exchange for that. In our country, if we really want to use our Bitcoins then we can have some choices but the best choice there is a local exchange with KYC since most of the things I usually pay bills using Btc are there.