Aqua wallet - Bitcoin, Lightning, Liquid

[AprilioMP]

I am sure both require KYC as they deal with fiat payments.

Ooo ... I don't need to continue if possible both need KYC in terms of purchasing Bitcoin. I think if using this feature can facilitate purchases without having to complete KYC.
Okay. Thank you for this.
Besides, what for the onramp and transfi services for me to use.
It is better for me to choose to use local exchanges like Indodax and Tokocrypto to buy because both of them have finished KYC.

[Pmalek]

Ooo ... I don't need to continue if possible both need KYC in terms of purchasing Bitcoin.

I haven't checked if they require KYC, but such services do 99% of the time. Being an on-ramp to bitcoin and a bridge between the fiat and crypto worlds, it's only natural that you can't use their platforms and remain anonymous. They comply with whatever regulations their regulating authorities demand from them. So, expect KYC and SOF.

[AprilioMP]

Ooo ... I don't need to continue if possible both need KYC in terms of purchasing Bitcoin.

I haven't checked if they require KYC, but such services do 99% of the time. Being an on-ramp to bitcoin and a bridge between the fiat and crypto worlds, it's only natural that you can't use their platforms and remain anonymous. They comply with whatever regulations their regulating authorities demand from them. So, expect KYC and SOF.

When I try to test the purchase of Bitcoin on the site
https://www.transfi.com/, there is a fiat currency of my country of origin, but because I have not been registered there, so I have to register first.
With curiosity to find out whether it requires KYC in making a purchase, it turns out that transfi does not require KYC. But make no mistake, I did not continue the purchase until successful by using mobile wallet as a payment method.
It could be that for the next process it is required to complete the KYC.



This picture shows that I did not do until success.

Yesterday, the release version 0.1.53 was published.
Fix a bug on USDt sends via SideShift
Source: https://github.com/aquawallet/aqua-wallet/releases/tag/v0.1.53

[Pmalek]

With curiosity to find out whether it requires KYC in making a purchase, it turns out that transfi does not require KYC. But make no mistake, I did not continue the purchase until successful by using mobile wallet as a payment method.
It could be that for the next process it is required to complete the KYC.

Perhaps it will let you start the exchange, but then to actually finalize it, you will have to submit your documents. Maybe it's one of those typical "we don't require KYC unless it's necessary", and it always turn out to be necessary.

Here is just a small part of their Privacy Policy dealing with the AML and KYC procedures that confirms identity verification is necessary:

The Company will verify the identity of its customers and users under its “Know Your customer” processes. For individual users, this will include name and date of birth that is verifiable electronically through an accepted and valid Government issued document accurately containing the users name and date of birth. Acceptable forms of identification for an individual user varies by country of operation and includes one or more of the following:

National ID;
Passport;
Residence permit for a foreign national;
Any other acceptable ID allowed by regulation; and as additional verification form
Valid Address document like a Utility bill/bank statement (could be any of the above if they have the complete address and not merely a PO Box).

https://www.transfi.com/policies#aml-kyc-policy

[JayJuanGee]

With curiosity to find out whether it requires KYC in making a purchase, it turns out that transfi does not require KYC. But make no mistake, I did not continue the purchase until successful by using mobile wallet as a payment method.
It could be that for the next process it is required to complete the KYC.

Perhaps it will let you start the exchange, but then to actually finalize it, you will have to submit your documents. Maybe it's one of those typical "we don't require KYC unless it's necessary", and it always turn out to be necessary.

Some folks refer to that as "shotgun KYC," and surely such practices could be referred to in a variety of ways, including maybe creeping KYC - and maybe it is not even the companies purposefully engaging in such potentially higher level of requirements as they go.. and they might well start to realize that they could get in trouble, or they might even get some contacts by agencies that might be interested in their KYC practices.

[AprilioMP]

With curiosity to find out whether it requires KYC in making a purchase, it turns out that transfi does not require KYC. But make no mistake, I did not continue the purchase until successful by using mobile wallet as a payment method.
It could be that for the next process it is required to complete the KYC.

Perhaps it will let you start the exchange, but then to actually finalize it, you will have to submit your documents. Maybe it's one of those typical "we don't require KYC unless it's necessary", and it always turn out to be necessary.

My concern for services related to Fiat currency at the end will require us to complete the KYC process even though I do not continue when doing a test through transfi.
I also listen to the opinions of some of my seniors locally about the possibility of this process.
In the sentence you quoted in my opinion it's reality. And what I underlined was that it was the right answer about KYC.

Here is just a small part of their Privacy Policy dealing with the AML and KYC procedures that confirms identity verification is necessary:

The Company will verify the identity of its customers and users under its “Know Your customer” processes. For individual users, this will include name and date of birth that is verifiable electronically through an accepted and valid Government issued document accurately containing the users name and date of birth. Acceptable forms of identification for an individual user varies by country of operation and includes one or more of the following:

National ID;
Passport;
Residence permit for a foreign national;
Any other acceptable ID allowed by regulation; and as additional verification form
Valid Address document like a Utility bill/bank statement (could be any of the above if they have the complete address and not merely a PO Box).

https://www.transfi.com/policies#aml-kyc-policy

I think that from a small part of the privacy policy related to AML and KYC it further strengthens that the buy Bitcoin process in Aqua Wallet using Transfi requires KYC.
Moreover, they out there are very sensitive to transactions without KYC. So that's it.