The government doesn't protect you especially online

[Amphenomenon]

As the title stands says a lot. I realized something recently how vulnerable they made us all thanks to their crypto regulations that isn't really clear.

Before the binance p2p ban, majority of us were only having one or two CEX having done kyc but after this, some created many more in the hunt to convert their crypto to naira and vice versa but how many of us have realized this has increased the chances of us falling into identity theft or key data breach from any of these platforms or CEX in the long run?

We have been informed how kyc can be dangerous in the forum and unfortunately we found ourself in an ironic tight spot, deleting our accounts from platforms or CEX we are no longer using will be a good solution but it's not guarantee they will actually delete especially if this was shared with a third party.

But still yet I'm bringing this as a remembrance that we need to outweigh the risks and benefits before testing any platform to avoid putting ourselves in more risks or dangers especially with kyc and this goes beyond exchanges and platforms, Nigerian government does little to nothing to fight against it and even the body enacted for this I doubt it is functioning effectively.

Here are key post about the danger of kyc in the forum:
Why KYC is extremely dangerous – and useless

What happens when your identity is stolen -- real story || Avoid CEXs!

[Agbamoni]

Totally agree with you there. I can bet 100% of our LB members have interacted with one or more KYC exchanges due to government regulations.
The only KYC exchange we should have right now is the one we do P2P trades with because it is rare to find a tier 1 exchange with less scam that does not require KYC.
Another exchange we should interact with should be a non-kyc exchange. There are few non-kyc exchanges that are out there, so ill suggest if privacy is important to us, using MEXC or CoinEx. I fully recommend MEXC.

Note: DYOR

[DubemIfedigbo001]

Binance was the best and only P2P I ever used before the ban and it worked really fine. Since we lost Binance, I've done KYC on at least 3 exchanges including Kucoin. Not to mention that I lost funds on Kucoin due to its nonsensical high minimum deposit for segwit address. I almost lost big funds on OKX too because I used the wallet tied to the exchange and didn't know I'll export the keys which I wasn't asked to save in the first place and paid fees too in just sending coins from the wallet to the exchange which is within the same app. Honestly I wouldn't have done all these or lost these funds if not that the government is only interested in collecting their lion share from digital providers as against protecting citizens.

Anyways I thank them in a way, they let me explore the digital space, got burnt a few times and I got more experienced, sadly the numerous KYC's I've done cannot be erased but I got wise going forward.
Dudes in my circle have started taking about an exchange Roggu with his rates but I'm least interested because I've let out my data so much and I'm unwilling to continue being lose with my data going forward, make I still dey manage Bitget.

[Jegileman]

You made a very valid points in your posts. Before now, I only have an account with Binance which happen to be the best exchange platform you’ll get to hear about and involve with as a newbie to cryptocurrency. I used it for my p2p services not until when a ban on them was enacted, then I went to KuCoin or OKX so. They also lost their access to provide p2p services in their platform and this made me to also have another platform namely Bybit which allows for the p2p services. One thing is that I don’t also delete the past accounts on those forum as I’m still actively using some of them for their bonuses or rewards they share time to time since I trade partially. Identity theft is a strong criminal act, and I hope it’s rectified before it gets more escalated.

[Amphenomenon]

There are few non-kyc exchanges that are out there, so ill suggest if privacy is important to us, using MEXC or CoinEx. I fully recommend MEXC.

Note: DYOR

I don't like doing kyc often avoid it as much as I can and so I'm curious if MEXC or CoinEx allows some level of p2p or trading without the usual full scale kyc?

Binance was the best and only P2P I ever used before the ban and it worked really fine. Since we lost Binance, I've done KYC on at least 3 exchanges including Kucoin. Not to mention that I lost funds on Kucoin due to its nonsensical high minimum deposit for segwit address. I almost lost big funds on OKX too because I used the wallet tied to the exchange and didn't know I'll export the keys which I wasn't asked to save in the first place and paid fees too in just sending coins from the wallet to the exchange which is within the same app. Honestly I wouldn't have done all these or lost these funds if not that the government is only interested in collecting their lion share from digital providers as against protecting citizens.

See na who CEX never do something na nor know how dirty they can be. Omo, you see that kucoin I hate them, every of their fee and TOS dey expensive.

Anyways I thank them in a way, they let me explore the digital space, got burnt a few times and I got more experienced, sadly the numerous KYC's I've done cannot be erased but I got wise going forward.
Dudes in my circle have started taking about an exchange Roggu with his rates but I'm least interested because I've let out my data so much and I'm unwilling to continue being lose with my data going forward, make I still dey manage Bitget.

I still dey manage the bitget and bybit, I just dey shine my eye more because na be the way to survive there and avoid so many irrelevant kyc.

I hope it’s rectified before it gets more escalated.

Sadly, it is better to believe no one is going to save you and defend yourself. Calculate your risks before taking always and never exclude your privacy and security offline and online notably.