I have to verify my blockchain account?

[BitMaxz]

Hello.
I have an old account on the blockchain.com, which I have not used for a very long time. For all the time, I didn't have a need for the KYC procedure. Recently, I went to check my account (due to a warning from the service that support for my region is ending and I wanted to check the balance) and there were no problems with KYC. It is possible that this website selectively requests a KYC from its users.

I think it depends if you are actively using their wallet according to Blockchain they do have a crypto withdrawal limit for non-verified users it's around $2000 annually which means if you exceed this limit blockchain will ask for KYC verification.

Read more here https://support.blockchain.com/hc/en-us/articles/4417087640468-What-are-Blockchain-com-s-withdrawal-limits-

[SFR10]

It is possible that this website selectively requests a KYC from its users. Not sure if that's the case. Just guesswork.

For sending and receiving alone, they're not going to ask you anything but for "other stuff", you have to go through the KYC procedures and I believe that was/is "the problem" for OP.
^{- In addition to the trading limits that @BitMaxz provided, they also have "swap limits".}

[hosseinimr93]

I think it depends if you are actively using their wallet according to Blockchain they do have a crypto withdrawal limit for non-verified users it's around $2000 annually which means if you exceed this limit blockchain will ask for KYC verification.

From my understanding from the article you shared, only people from United States are allowed to withdraw 2,000 dollar worth of cryptocurrencies without going for verification.
People from other countries have to verify their identity for withdrawing any amount of cryptocurrencies.

We currently offer Limited Access (US residents only), Full Access and Platinum levels.

It may worth mentioning that the withdrawal limits apply to their exchange and it has nothing to do with their wallet.

[Lida93]

OP why are you shying away from having full access? Blockchain company's usually make use of kyc so as to avoid impersonation or an intruder from having access into your wallet as they may not have the informations you provided during kyc process which is why the kyc it's in your best interest. Another way is that you will need contact their customer support , that's if you have all day.

[Tony116]

OP why are you shying away from having full access? Blockchain company's usually make use of kyc so as to avoid impersonation or an intruder from having access into your wallet as they may not have the informations you provided during kyc process which is why the kyc it's in your best interest. Another way is that you will need contact their customer support , that's if you have all day.

KYC is to avoid impersonation and prevent others from breaking into your wallet, or is it just an excuse for them to control your privacy? If you don't care about privacy, it won't affect you, but if someone cares about their privacy, they won't agree to do that. Blockchain.com is also a good wallet, but since they changed their policy of requiring KYC users, they have lost some loyal users, possibly because the government required them to do so.

Instead of using a wallet or exchange that requires KYC, we also have many options to secure our privacy, like the Electrum wallet. And I believe using Electrum your assets will also be safer than blockchain.com.

[fortunecrypto]

OP why are you shying away from having full access? Blockchain company's usually make use of kyc so as to avoid impersonation or an intruder from having access into your wallet as they may not have the informations you provided during kyc process which is why the kyc it's in your best interest. Another way is that you will need contact their customer support , that's if you have all day.

I've been using blockchain for so many years and so are my relatives for the last 10 months there's always been a pop-up asking us to verify so we can use the trading features of the wallet, I can still use my wallet for sending, and receiving and they are not limiting or forcing me to verify because I never get over their threshold limit.
The key to continuing using your account without having to go through verification if you don't want to go through that is to never use Blockchain in storing a big amount, the biggest amount I stored on Blockchain was $150 a month, make Exodus and Electrum your main wallet, they also have an exchange feature, don't let any wallet limited you for accessing your coin use a noncustodial wallet.

[fuguebtc]

OP why are you shying away from having full access? Blockchain company's usually make use of kyc so as to avoid impersonation or an intruder from having access into your wallet as they may not have the informations you provided during kyc process which is why the kyc it's in your best interest. Another way is that you will need contact their customer support , that's if you have all day.

I've been using blockchain for so many years and so are my relatives for the last 10 months there's always been a pop-up asking us to verify so we can use the trading features of the wallet, I can still use my wallet for sending, and receiving and they are not limiting or forcing me to verify because I never get over their threshold limit.
The key to continuing using your account without having to go through verification if you don't want to go through that is to never use Blockchain in storing a big amount, the biggest amount I stored on Blockchain was $150 a month, make Exodus and Electrum your main wallet, they also have an exchange feature, don't let any wallet limited you for accessing your coin use a noncustodial wallet.

If they force us to verify, and we don't want to lose our privacy, then I think we can completely switch to a non-custodial wallet like Electrum and stop using blockchain wallets because using multiple wallets won't do any good.

Blockchain.com wallet is the first wallet I used when I first entered the market, and as a newbie, I didn't notice that they collect personal data but when I realized it I stopped using them and switched to Electrum and I am very happy with Electrum.

If we accept KYC, then use a centralized exchange, they will provide a full range of different services for us. For long-term asset storage, we should and should only choose non-custodial wallets.

[SFR10]

Another way is that you will need contact their customer support , that's if you have all day.

Their so-called customer support is pretty much non-existent ^{[unfortunately]}.

make Exodus and Electrum your main wallet, they also have an exchange feature, don't let any wallet limited you for accessing your coin use a noncustodial wallet.

AFAIK, Electrum doesn't have the option to exchange your funds into other cryptocurrencies, and some of the third-party providers that Exodus uses for its exchange feature, already have a history of freezing customers' funds!

[Accardo]

I stopped using blockchain.com when they initiated the KYC thing and offered to pay $100 to customers who summits their documents successfully. I tried to submit and my ID was declined, though, however, I felt that they've gotten my information and refused to confirm it just to deny me of the $100 offer. I had to switch to Trust wallet as it was easier to access my assets without having to verify on email the wallet ID needed to login like Blockchain.com, which dulls the impression of constantly checking one's wallet. They're many other wallets that don't require KYC check them out no need for the KYC on Blockchain wallet.

[dkbit98]

make Exodus and Electrum your main wallet, they also have an exchange feature, don't let any wallet limited you for accessing your coin use a noncustodial wallet.

Exodus wallet can indirectly ask you for kyc verification because they are using third party partners that can freeze your coins if you don't comply with their request.
If you want to use multicoin wallet with some kind of exchange better try Unstoppable.money for mobile devices, or AtomicDex for desktop computers or mobile.
In some cases you can even use Bisq as a wallet and best decentralized exchange that exist today.
It's best to stay away from all online wallets, n matter how ''safu'' they look.

[PX-Z]

I stopped using blockchain.com when they initiated the KYC thing and offered to pay $100 to customers who summits their documents successfully.

Where did you get that offer? Can you post a screenshot of it? Because if i remember correctly, they offered $25 either on XLM or XRP ^{(I can't remember)}, then later on $5, also $50 this was when bull market but you need to do KYC and buy crypto there.

[Potato Chips]

It appears a lot of people here still confuses blockchain.com's private key wallet and custodial wallets. There is no kyc for the former, it is only needed if you wanna use their exchange, hence custodial wallet.

I tried to submit and my ID was declined, though, however, I felt that they've gotten my information and refused to confirm it just to deny me of the $100 offer.

How many times did it fail? once or twice is totally normal as verification softwares are far from accurate. In fact blockchain.com is aware about this and offers manual verification, although I would expect a dreadful amount of time for it to get done 

also $50 this was when bull market but you need to do KYC and buy crypto there.

Perhaps the hazy memory led to $100 bonus because of "buy $100 cryptos and get $50".

[Woodie]

These guys are still in business with all the better wallet options out there , this is quite interesting... I wonder how they keep finding clients till this day...

Anyway, OP If you have no coins stored on the blockchain.com platform then best option is to leave and not trade your personal details for a few coins in the name of KYC, unless access has been limited and you hodl quite a good amount of coins there then you can go ahead