What the fuck does binance want?

[o_e_l_e_o]

There is no guarantee that at some point FTX or even Bisq will not require KYC.

FTX, sure. It's a centralized exchange, and so regulations will catch up with them eventually and they will require KYC eventually. Better make sure you don't have any funds stuck on their exchange when they spring unannounced KYC requirements on you as many other exchanges have done, or else you can wave your funds goodbye if you don't/won't/can't complete the KYC.

Bisq, I disagree. Bisq is not a company. They have no offices and no headquarters. You don't trade via a centralized website. It is software which you download and run yourself, and you connect peer to peer to other Bisq users over Tor. Trying to force Bisq to collect KYC would be like trying to force "Bitcoin" to collect KYC. There is simply no mechanism to do so, and it is impossible to prevent anyone from continuing to use it without completing KYC.

[ultrloa]

. Please
re-upload valid & colorful passports and selfies in the director/UBO/Trader sections. (Please do not use portraits, photocopies, cropped, black&white or filtered images, instead use new "selfies" and "take new images of passports" as 4 corners and two pages
are visible).

I already scanned my passport. 4 corners show up.

Do not use portraits or photocopies. So what must I do? Scanned? I did.

They are strict towards their verification so make sure that the you include the whole corner of your ID also make sure that the details on your ID is not blurry so that they can verify it clearly.

I also struggle with their verification but give a shot to send again until you get verified on their platform.

[The Cryptovator]

I had verified my KYC with my passport and there wasn't an issue at all. It was verified in the first chance. I used a clear scam copy which was from a scanner machine. They need everything transparent copy and must should readable. So I think to make a clear and readable scam copy from the scanner machine without editing. So you would verify successfully IMO. It was long ago though, not sure about the current situation. But Binance was quite strict from the beginning as well.

[Slow death]

I checked my account years ago but the procedure regarding the passport is the same, just take the passport photo and don't edit the image that will be fine, in my time the person needed to take a selfie holding the passport and then there was that scanner irritant that always missed my ears. but i got it after many tries

[pornluver]

. Please
re-upload valid & colorful passports and selfies in the director/UBO/Trader sections. (Please do not use portraits, photocopies, cropped, black&white or filtered images, instead use new "selfies" and "take new images of passports" as 4 corners and two pages
are visible).

I already scanned my passport. 4 corners show up.

Do not use portraits or photocopies. So what must I do? Scanned? I did.

(and selfies) 'do not use portraits'
it is asking for a real life selfie of you. your face, today.. not some photo of when you were a kid

 (valid & colourful passports) 'do not use .. or photocopies'
it is asking for a image of your passport in live colour.. no picture of a picture(photocopy) no black and white previous copy.

in short.
take selfie of your face
take selfie of your face holding your passport
take selfie of passport, not zoomed in too much to not show edges(EG1) and not zoomed out to not be readable(EG2)


EG1
this

is a bad example of not fitting any of the requirements

EG2
this

is the good example of "showing 2 pages and edges"
but a bad example of quality camera as its not very clear to read that its james bond
may require high res camera if blurry and unreadable

THis is true.

The reason why I am confused is because scanned copy is basically a photo.

It seems that they want me to take photo.

[bbc.reporter]

pornluver's problem with his KYC will be nothing when this new issue in Coinbase begins being published on the news hehe. I am not quite certain if this is real or are they trolling, however, this might be the beginning of something that might become normal for users of Coinbase who are living in America.

Can anyone who use Coinbase confirm this? Kraken and Binance US users might be next, I reckon.

[o_e_l_e_o]

That whole exchange is hilarious. Why is Gavin Andresen expecting any shred of privacy while using Coinbase? I guess if he is naive enough to think an obvious scammer is Satoshi then he's naive enough to believe Coinbase's lies about protecting your data? And then Brian Armstrong offers no explanation at all, just says "Sorry, but still give us your info!" And they are using yet another shady third party to collect this info?

I am firmly convinced Coinbase are an exchange only in the same way Meta are a social media platform. They are data harvesters, first and foremost. Everything you send them will be shared, monetized, and used against you.

[BlackHatCoiner]

[...]

Stay tuned on the next episode of the "Gavin supporting scammers" series with our special guest, Changpeng Zhao!

And then Brian Armstrong offers no explanation at all, just says "Sorry, but still give us your info!"

What part of the ".eth" don't you understand? It implies how awful and corrupted solutions he may propose. BTW, it's general truth that the Bitcoin community moves like a cult, but I've seen no Bitcoiner who puts a "btc" after their full name. That's just cringe.

[bbc.reporter]

That whole exchange is hilarious. Why is Gavin Andresen expecting any shred of privacy while using Coinbase? I guess if he is naive enough to think an obvious scammer is Satoshi then he's naive enough to believe Coinbase's lies about protecting your data? And then Brian Armstrong offers no explanation at all, just says "Sorry, but still give us your info!" And they are using yet another shady third party to collect this info?

I am firmly convinced Coinbase are an exchange only in the same way Meta are a social media platform. They are data harvesters, first and foremost. Everything you send them will be shared, monetized, and used against you.

KYC is okay for exchanges to remain compliant with American regulators, however, asking for 3 months of bank statements is too much, I reckon. I have mentioned this in the press subforum before, I predict in the next years people below a certain level of annual salary will not be permitted to invest in the cryptospace.

[The Sceptical Chymist]

For some reason they all seem to demand pixel-perfect photos.

Need to have good quality photos for when they get sold on the dark web and used to open accounts elsewhere.

I wouldn't think that'd be true for a business like Binance, though if they had their database hacked and those docs made their way to the darker corners of the interwebz, that could be a problem.  I'm just not sure why so many pics of people holding their driver's licenses and whatnot get rejected--and I've had that happen to me before on exchanges like Kraken.  I couldn't make the photo any clearer, so I finally just thew up my hands in disgust.  Now I wonder what happened to the pics I tried to upload.

I'm actually now watching a decent Youtube video about Roobet, KYC, and all the scammy stuff that can happen.  It's from last year, but it just popped up on my home page and it's interesting.  KYC is truly the enemy of everything bitcoin and crypto in general stands for.

[o_e_l_e_o]

BTW, it's general truth that the Bitcoin community moves like a cult, but I've seen no Bitcoiner who puts a "btc" after their full name. That's just cringe.

It's a URL, that's why. It leads to a page of something to do with expensive scams NFTs.

KYC is okay for exchanges to remain compliant with American regulators, however, asking for 3 months of bank statements is too much, I reckon.

As long as people comply with it, it will only get worse. If every single Coinbase user said "No, we aren't giving you 3 months of bank statements, please close our accounts intead", then you can guarantee Coinbase would be in court by tomorrow to overturn this legislation. But instead people upload three months of bank statements. So next year they will ask for 6. Then 12. Then they'll ask for a complete breakdown of all your purchases. Then they'll want to see your credit card statements. Then your entire tax return. Just keep giving us more data to monetize!

I wouldn't think that'd be true for a business like Binance, though if they had their database hacked and those docs made their way to the darker corners of the interwebz, that could be a problem.

Yup, already happened:
https://decrypt.co/4629/darknet-hacker-provides-evidence-binance-hack-kyc-fake
https://www.binance.com/en/blog/all/update--action-response-thirdparty-vendor-kyc-matter-371631019142385664