Vaculin (OP)
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October 02, 2020, 11:32:11 AM |
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More than half of all crypto exchanges have weak or no ID verificationMore than half of all exchanges worldwide have weak KYC identification protocols — with exchanges in Europe, the U.S. and U.K. among the worst offenders, according to a new study by blockchain analysis firm CipherTrace Sa akin lang naniniwala ako dito dahil napakadaling gumawa ng account sa mga sikat na exchanges gaya ng Binance dahil pwede namang walang KYC or yung iba gumagamit ng fake ID para lang ma approve ang KYC nila.
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mk4
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📟 t3rminal.xyz
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October 02, 2020, 11:41:06 AM Last edit: October 02, 2020, 02:52:53 PM by mk4 |
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It's a safe assumption na karamihan talaga ng exchange e ganyan. Lalo na't ung mga iba e mataas taas ung minimum amounts nila para magrequire ng KYC. Don't be too comfortable though, eventually may gagawin rin ung mga gobyerno about sa mga no strict KYC exchanges. Ito kagabi lang balita to, inarrest na ung isang co-founder ng BitMEX, tapos ung isa pang founder is hinahanap na. Just another reminder na wag mag iiwan ng funds sa exchanges pag hindi naman ginagamit sa pagttrade. Mga iba kasi ginagawa nilang holding wallet ung exchange. Topic: United States CFTC Charges BitMEX Owners! https://bitcointalk.org/index.php?topic=5279466
EDIT: Hmm. Binance next? 👀
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Vaculin (OP)
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October 02, 2020, 12:05:20 PM |
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It's a safe assumption na karamihan talaga ng exchange e ganyan. Lalo na't ung mga iba e mataas taas ung minimum amounts nila para magrequire ng KYC. Don't be too comfortable though, eventually may gagawin rin ung mga gobyerno about sa mga no strict KYC exchanges. Ito kagabi lang balita to, inarrest na ung isang co-founder ng BitMEX, tapos ung isa pang founder is hinahanap na. Just another reminder na wag mag iiwan ng funds sa exchanges pag hindi naman ginagamit sa pagttrade. Mga iba kasi ginagawa nilang holding wallet ung exchange. Topic: United States CFTC Charges BitMEX Owners! https://bitcointalk.org/index.php?topic=5279466Ngayon ko lang nalaman nag balita na yan, so delikado pala ang Bitmex exchange, naku, napakalaki pa naman ng exchange na yan. Nasa $2 billion ang daily trading volume nila. Kung na charge ang owner, tiyak good bye na yan sa exchange nila dahil diyan rin naman tutungo yan. Tama ka kabayan, dapat hindi gawing wallet ang online exchange, mahirap na.
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mk4
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📟 t3rminal.xyz
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October 02, 2020, 12:39:44 PM |
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Kung na charge ang owner, tiyak good bye na yan sa exchange nila dahil diyan rin naman tutungo yan.
Un lang ang di ko talaga alam. Pero mostly 2 possible scenarios lang naman as far as I know: 1. Kulong ung 2 co-founders, and ma sshut down ung exchange(temporarily or permanently, idk) 2. Pagbabayarin sila ng malaking fine, tapos irerequire sila na higpitan ung KYC
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AicecreaME
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October 02, 2020, 01:51:13 PM |
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I don't get it, I mean if an exchange doesn't require KYC then they are weak when it comes to security? if that's what your thread means then I disagree.
Kahit merong KYC o wala, that's not enough to conclude that an exchange is weak. KYC is just for verification that all of the users are legits but it could be tampered as well. So having KYC is nonsense as well as not requiring it. I mean we all wanted to earn money and the exchanges as well. Why require KYC if you wanted more clients who doesn't want KYC?
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bL4nkcode
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Limited in number. Limitless in potential.
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October 02, 2020, 02:31:28 PM |
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I don't get it, I mean if an exchange doesn't require KYC then they are weak when it comes to security? if that's what your thread means then I disagree.
[...]
The post is regarding sa weak KYC identification protocols ng mga exchanges hindi yung security by code. Regarding sa topic, somewhat naniniwala ako dito, nung sa binance, what I input on the form is different sa id na sinubmit ko but then na verified account ko. Different, by means na di kumpleto first name na linagay ko, at ibang address din ang linagay ko di tulad ng nasa id but then na verified, pero don't get me wrong ako pa rin yung nasa ID lol. Idk if pag nag check sila is iko'compare nila yung nasa form na ininput at ID pero but na verified? So, this research/study is somewhat right if binance is ganyan ang pagcheck ng kyc so how about other exchanges? Baka mas malala pa.
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Ezmael Wright
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October 03, 2020, 12:23:06 AM |
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Naniniwala ako diyan, katulad ng kucoin na hack. Ibig sabihin weak yung site nila kaya nananakaw. Ingat din tau at sa mga wallet kung nasaan ang mga hinohold natin. Wag masiyado magpakampante.
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Jayrmalakas
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October 03, 2020, 04:01:27 AM |
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totoong halos kalahati ng exchanger ang walang id verification ,mas mabuti ng mas ma promote ang kyc id verification sa mga exchanger ng sa ganon maiwasan ang mga spammers ,fake account at dummy account, kadalasan din dyan nag kakaroon ng mga scams dahil sa walang id verification ang isang exchanger
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erikoy
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October 03, 2020, 05:51:44 AM |
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Syempre marami ang takot or magamit sa maling paraan ang kanilang Identiy kaya maingat sila na hindi makapag KYC. Anyway, marami naman mga exchanges ngayon at yung iba ay decentralized kaya hindi na kailangan pa ang KYC. Yung iba naman ay gumagamit ng non custodial wallet at saka decentralized exchange para mkapag day trade. Pero sa atin sa Pilipinas meron lang tayo ang centralized exchanged at centralized wallet pa wala tayong hold sa bitcoin natin at anytime pwede ra review ng gobyerno ang holdings ng bawat user sa exchange. Anyway, wala rin naman silang mapapala kung kokonti lang ang bitcoin natin siguro minomonitor lang nila kung sinong users ang malaki ang holdings ng bitcoin at kung paano ito na acquire.
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akirasendo17
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October 03, 2020, 01:23:52 PM |
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More than half of all crypto exchanges have weak or no ID verificationMore than half of all exchanges worldwide have weak KYC identification protocols — with exchanges in Europe, the U.S. and U.K. among the worst offenders, according to a new study by blockchain analysis firm CipherTrace Sa akin lang naniniwala ako dito dahil napakadaling gumawa ng account sa mga sikat na exchanges gaya ng Binance dahil pwede namang walang KYC or yung iba gumagamit ng fake ID para lang ma approve ang KYC nila. madami talagang mga ganitong exchange, at ito ang madalas na pinapasukan ng mga fake coins or ung mga scam coins tapos exit scam, correct me if mali ako, kaya ako madalas ako magtrade duon sa mga may kyc na exchange, saka mostly yung mga may kyc na exchange pag nahack sila almost all of them naibabalik ung funds mo half or kung hindi man buo, kaya maganda din iyong ganun
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john1010
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October 04, 2020, 02:28:28 PM |
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Kaya talagang mapeke lahat, kahit pa yung type ng KYC eh may kasamang video hawak ang ID, dahil pwede namang gawin na kahit yung totoong mukha ng tao ang gamitin eh iba namang identity ang nakalagay sa hawak na ID, let say Driver's license, PRC at iba pa, siguro except passport dahil medyo mahirap mapeke or kung pwede, mahal malamang yan sa recto. Hindi lang sa recto malamang maski sa ibang bansa, dahil sila mas advance mga gamit nila dun at kaya nilang gumawa ng sariling identification using fake ID's, kaya tingin ko may danger din talaga, kaya nasa atin na lang ang pagiingat at pagiimbestiga bago tayo sumugal ng pera.
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Twentyonepaylots
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October 04, 2020, 08:14:26 PM |
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Even me, myself I can't imagine how they verify a person through their Identification cards. Parang napakaimposible naman kasing kokonekta pa sila sa Pilipinas or at least ilalakad nila bawat isa to verify na tama nga yung taong nasa ID. Sa tingin basta may mga information na naglalaman ang ID ay kusa na nilang vineverify,
-Name - Citizenship ( once na makita nila na hindi restricted yung country) - Birthday pero siguro optional - Serial number ng ID - Clarity ng Picture
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Theb
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October 04, 2020, 10:37:27 PM |
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I can't speak for exchanges operating in other countries pero sa Pilipinas naman masasabi naman natin na present naman ang KYC requirements maski sa mga custodial wallet services na meron tayo, makikita ko din sa mga posts sa local boards natin na medyo "strict" sa tingin nila ang mga KYC requirements na meron ang mga services na ito like proof of income to selfies with IDs. If base naman sa mga iba kong nababasa masasabi ko naman na kahit sa USA ay medyo strict pag-dating sa kanilang mga KYC requirements for one they aren't allowing international exchanges to operate in US soil pag wala silang local office dito kaya may period na nawala ang Binance sa USA dahil hindi sila locally registered aside sa ganun makakakita din tayo ng mga balita na ginagamit yung mga crypto exchanges dito to track illegal activities at na-aidentify naman nila yung mga criminal gamit dito which they recently used on the Twitter hack that happened.
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maxreish
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October 06, 2020, 02:04:33 AM |
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Kung WEAKNESS ang pag uusapan. Agree rin ako. Pwede rin kasing a certain user will create multipe accounts tas gamitin ang KYC ng relatives, etc. At madaming ganyan ang nakakalusot. Dito pa lang sa Pilipinas for example coins.ph, abra. I know someone who are doing this kind of activity. Nakakalusot it's because from their protocols, magpasa ka ng valid ID with selfie and they'll gonna approved it.
However, lately ay medyo nag strict ang coins.ph dahil sa AMLA. Isa ako sa mga inistriktuhan at na hold ang account dahil naghanap pa sila ng other proof of identity and proof of income.
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peter0425
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Vave.com - Crypto Casino
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October 06, 2020, 06:05:08 AM |
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More than half of all crypto exchanges have weak or no ID verificationMore than half of all exchanges worldwide have weak KYC identification protocols — with exchanges in Europe, the U.S. and U.K. among the worst offenders, according to a new study by blockchain analysis firm CipherTrace Sa akin lang naniniwala ako dito dahil napakadaling gumawa ng account sa mga sikat na exchanges gaya ng Binance dahil pwede namang walang KYC or yung iba gumagamit ng fake ID para lang ma approve ang KYC nila. No doubt na kung ang paguusapan ay security protocols ng Identification maluwang at weak angmga exchange in which di naman natin sila masisisi. dahil kung magiging strict talaga sila at pagbubutihan ang pagbabantay sa bawat KYC na ipapasa malamang bumaba ang users nila dahil alam naman natin nasa crypto hanggat makakapag tago ng identity ay gagawin ng bawat isa, siguro dahil na din sa kanilang seguridad or dahil meron silang gustong itago or pagtakpan.
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ice18
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October 06, 2020, 01:48:24 PM |
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Mahirap naman talagang ma filter kung fake ba talaga o real ang isang KYC details na pinasa kasi sobrang dami lang naman na edit ngaun id kahit sa isang android app pwede na gawin lalo na kung international users mahirap malaman yan kung fake nga ba kaya dapat mas mag higpit ang mga exchanges pagdating sa KYC dapat irequired nila ung kagaya sa coinsph na selfie or ung video ng sarili mo online habang nagreregister sa exchange kagaya sa UB kapag gagawa ka account kilangan may video ng anggulo ng mukha mo.
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jaypiepie
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October 09, 2020, 10:49:28 AM |
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I don't get it, I mean if an exchange doesn't require KYC then they are weak when it comes to security? if that's what your thread means then I disagree.
Kahit merong KYC o wala, that's not enough to conclude that an exchange is weak. KYC is just for verification that all of the users are legits but it could be tampered as well. So having KYC is nonsense as well as not requiring it. I mean we all wanted to earn money and the exchanges as well. Why require KYC if you wanted more clients who doesn't want KYC?
ang kyc ay para lamang sa mga exchanger na nangangailangan ng id veification para sa withdrawal pero hindi naman lahat ay may ganitong system sa mga exchanger at hindi din basehan ang kyc para malaman kung weak ang exchanger o hindi naka base padin yan sa mga kilalang exchanger
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███ p2pcash.net ▬ ███ SMART CONTRACT PLATFORM
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Vaculin (OP)
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October 09, 2020, 12:52:22 PM |
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Kung na charge ang owner, tiyak good bye na yan sa exchange nila dahil diyan rin naman tutungo yan.
Un lang ang di ko talaga alam. Pero mostly 2 possible scenarios lang naman as far as I know: 1. Kulong ung 2 co-founders, and ma sshut down ung exchange(temporarily or permanently, idk) 2. Pagbabayarin sila ng malaking fine, tapos irerequire sila na higpitan ung KYC Mas okay na yung fine kaysa ma shut down, for sure kaya naman nilang bayaran ang fine dahil malaki ang revenue na nakukuha nila from their operation, plus these people are early investors of bitcoin, so meron rin silang nakatagong yaman na kayang kuhanin kung kulangin ang pundo ng exchange nila.
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erikoy
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October 10, 2020, 07:21:04 AM |
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Mahirap naman talagang ma filter kung fake ba talaga o real ang isang KYC details na pinasa kasi sobrang dami lang naman na edit ngaun id kahit sa isang android app pwede na gawin lalo na kung international users mahirap malaman yan kung fake nga ba kaya dapat mas mag higpit ang mga exchanges pagdating sa KYC dapat irequired nila ung kagaya sa coinsph na selfie or ung video ng sarili mo online habang nagreregister sa exchange kagaya sa UB kapag gagawa ka account kilangan may video ng anggulo ng mukha mo.
Depende kasi sa mga KYC instruction or anong KYC ang required nila. Meron din naman medyo strikto yung hindi makakalusot gaya na lng ng mg required ng bank statement kung nakita yung address mo or utility bill na pwde pang palit sa bank statement para ma verify nila yung address ng user. Of course kasama na din yung I.D back and front tapos selfie while holding the I.D. Ito yung medyo strikto pero yung ibang KYC nilulusotan lang dahil nga yung iba kumuha lang ng picture pang KYC sa google or saan identity nila nakuha tapos yun na gagamitin at pag na aapprove din naman kaya parang sayang lang yung KYC na ganyan ang requirements. Pero dahil nga importante parin ang Identity natin mas mainam mg join ng exchange na hindi ng rerequire ng KYC at mas maganda rin kung ito ay decentralize para ikaw lang talaga may hawak ng pera mo walang iba. Itong mga decentralized exchange ay gaya ng UNISWAP exchange kung saan maganda din naman syang gamitin.
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bL4nkcode
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October 10, 2020, 05:40:19 PM Last edit: October 10, 2020, 06:04:52 PM by bL4nkcode |
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Kung na charge ang owner, tiyak good bye na yan sa exchange nila dahil diyan rin naman tutungo yan.
Un lang ang di ko talaga alam. Pero mostly 2 possible scenarios lang naman as far as I know: 1. Kulong ung 2 co-founders, and ma sshut down ung exchange(temporarily or permanently, idk) 2. Pagbabayarin sila ng malaking fine, tapos irerequire sila na higpitan ung KYC Mas okay na yung fine kaysa ma shut down, for sure kaya naman nilang bayaran ang fine dahil malaki ang revenue na nakukuha nila from their operation, plus these people are early investors of bitcoin, so meron rin silang nakatagong yaman na kayang kuhanin kung kulangin ang pundo ng exchange nila. Yeah malaki nga kita nila but they still failed to comply kahit na mas maliit yung need nila bayaran for compliance ng pag operate sa US market. I really think na malaki chance na i'shutdown ang bitmex hopefully not though or jail time sa co-founders/owners or... EDIT: BitMEX announces leadership changes after U.S. government charges Seems bumababa lang yung 4 accused executives.
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