Someone detected the importance of privacy

[Hewlet]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

Is the use of a centralised exchange a mess and at this point, is it even possible to do without them? Because a lot of users are actually following after what we can rightly term to be convenient for them, centralised exchange will continue to be in high use and about the issue of your privacy, users data has never been completely private so you just have to come to terms with that fact and face the obvious realization that you're relatively exposed in terms of your private data being seen by third party.

Safety wise, I'm more concerned about my privacy not being known by people that are docile in my surroundings which is the only way I might get physical arm. For others that are far away from me, You just have to ensure that they don't get to steal your asset from you. That's what matters most because there's nothing like an 💯 privacy regardless how you try. Kyc reduces your privacy to a reasonable degree.

[BitJannik]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

Is the use of a centralised exchange a mess and at this point, is it even possible to do without them? Because a lot of users are actually following after what we can rightly term to be convenient for them, centralised exchange will continue to be in high use and about the issue of your privacy, users data has never been completely private so you just have to come to terms with that fact and face the obvious realization that you're relatively exposed in terms of your private data being seen by third party.

Safety wise, I'm more concerned about my privacy not being known by people that are docile in my surroundings which is the only way I might get physical arm. For others that are far away from me, You just have to ensure that they don't get to steal your asset from you. That's what matters most because there's nothing like an 💯 privacy regardless how you try. Kyc reduces your privacy to a reasonable degree.

Yeah, once you've done KYC, that part is already out there. You can't really take it back. But it doesn't mean your privacy is gone completely. You can still be more careful moving forward. Simple things still help, like not linking your identity to every wallet you use, avoiding address reuse, and keeping your holdings private in real life. Exchanges are convenient, so people will keep using them. Just don't rely on them for everything. It's not about having perfect privacy, it's about reducing how much you expose.

[Aanuoluwatofunmi]

Privacy is not that expensive to achieve and many people that are into cryptocurrency don't know how they could maintain having this, everyone of us need privacy and we need to make sure that we achieve this in our journey in Bitcoin, if you don't know how to go about it, we can seek for sources to help us learn more about what to do in order to maintain having this for a longer time, because in so doing makes us stand on the right part from what the centralized institutions provide.

[macson]

What and what do you think they should start doing? Can such mess even get cleaned up?

If they've already completed KYC online, there's no way to erase their footprints, as they'll be recorded online forever. But they still have privacy options even after doing so. All they need to do is withdraw all their funds from centralized exchanges and start using decentralized exchanges and self-custodial wallets to store their Bitcoin. This will allow them to regain their privacy.

[Patrol69]

When you do KYC verification with your personal information on an exchange or any other platform, the KYC verification information will remain with that particular platform and once submitted, it is impossible to get it back. As long as you have your personal information, it is not a matter of concern, but when you share your personal information with others, it is not possible to get that information back completely, but you can do something like this for security reasons, such as refraining from submitting your personal information on all types of exchanges or other platforms. You can use non-custodial wallets instead of keeping money on different exchange sites, as well as try to do everything as an alternative. Hopefully, these small steps will make you more aware and keep your information safe.

[TheUltraElite]

A lot of our information is already flying around online. We cannot do much about it. There are people who are trying fight this, but I feel this is a futile fight.

You have to use services and you have to show your data. That data will get leaked to others and eventually whatever method you try to save it from leaking you will find your data still leaked.

So why bother? Let is be leaked.

[Harchive]

The deal is done already, you cannot un-KYC yourself from every crypto exchanges available, but one thing remains the truth, if you can detach yourself from the addresses connected to all the exchanges where KYC was passed then that's an escape.

Abandon all withdrawal addresses you have used on the exchanges, that exposure ends there.

The only way a KYC information can be traced back to you is the withdrawal addresses you have used on those platforms, even the deposit addresses that you used.

[Furball808]

Privacy is not that expensive to achieve and many people that are into cryptocurrency don't know how they could maintain having this, everyone of us need privacy and we need to make sure that we achieve this in our journey in Bitcoin, if you don't know how to go about it, we can seek for sources to help us learn more about what to do in order to maintain having this for a longer time, because in so doing makes us stand on the right part from what the centralized institutions provide.

Privacy is costly maybe not in money but it costs convenience. People now have chosen convenience or ease of use over real privacy and it’s difficult to steer away from that mindset when we’ve gotten so used to it. It should be still a choice to make.

[DiMarxist]

The fact is that there is a level of risks that you are exposing yourself to when ever you do a KYC on a centralized exchanges. Because that information sits with the exchanges and in case the exchange gets hacked your personal information can be at risk. That is why we need to be careful when it comes to doing a KYC online before you do any KYC in an exchange try and find out how long such exchange has been in operation because there are allot of fake exchanges out there just trying to steal the personal information of the public.

[Mia Chloe]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?
What and what do you think they should start doing? Can such mess even get cleaned up?

First I'll reemphasize what blackhatcoiner said, which is some damages can't really be fixed. You shouldn't have too much of your data out there and suddenly want to get back to a private life. The biggest problem of this whole KYC stuff is you can't just out of the blue choose to make things different and get your data back.

If most of the KYC was done in probably things restricted to a particular region and you change regions there might be a chance for you to start afresh but it doesn't mean you'll have your data back.

[promise444c5]

You can have two sides so far you can maintain it without collision. People eventually mess it up at the end , it better you stick with one.

You can’t escape KYC in some cases but you can manage how it’s been linked to you. Avoid continuous giving out  like you used to.

If you live in a country like mine, exploring alternate options to trade between fiat and Bitcoin (back and forth) can be difficult.. but if you will be using Bitcoin or other altcoins for direct purchases  and payments then you could archive your  privacy.. the hardest part will just be getting the coin through fiat.

I prefer to just HODL what I got directly from CEX btw, it’s quite easy for me to sell it anytime in the future. 

[Dunamisx]

Privacy is not meant for some particular people; instead, it is expected of all of us to know and have achieved in cryptocurrency, that is where we have to depend on ourselves and be able to learn the more every time to be well updated and also prevent anything that could cause loss to our assets in cryptocurrency and bitcoin specifically, so there are still benefit we are going to solve each other with time.

[lovesmayfamilis]

Confidentiality on the Internet after all documents are shown? It sounds like utopia. Today, only those who have never gone online, written anything there, posted photos, or done anything that can identify them can be anonymous and confidential. We are being watched even when we are unaware of it. All our preferences are known; I don't think anyone goes unnoticed. The only difference is how much interest those who represent law enforcement agencies have in us, or, conversely, the interests of fraudsters, for whom we may look like victims of their future crimes.

It is worth teaching our children not to tell anything personal about themselves on the Internet but to create a separate virtual personality that will be completely different from what they look like in reality.

[tabas]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

What and what do you think they should start doing? Can such mess even get cleaned up?

The exchanges have already our data stored in them, and not only them but whenever there's a leak that they've been hacked. We don't know for how many hands it has been passed down and that's why it's probably everywhere now and stored to the database of these hackers. Thinking of them to give us some privacy, that won't happen. Using a decentralized exchange will give us privacy but, the expense of it is about the little volume and the lesser security measure because they've been always targeted of hackers and many times they've been successful against them.

[Out of mind]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

What and what do you think they should start doing? Can such mess even get cleaned up?

For those who have been using Centalize exchanges for years, privacy has not been preserved. Since you have given your identity to all these Centalize exchanges, it is impossible to completely reset it here. However, privacy can be preserved for the future, but not with what has been done in the past, but everything has to be created anew for the future.
We all know that it is not possible to completely clean it, so to protect privacy again, create a new wallet and use non-KYC exchanges and do not mix anything with the past. However, we know that keeping money on the exchange will not protect privacy at all, but at some point they will ask you to do KYC, at which time your identity will be leaked, so it is best to use a hardware wallet. If you want to keep yourself private for the future, you must bring a lot of changes to yourself and act smartly, all plans should be made according to the tools, only then can privacy be protected.

[liasbaa]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

What and what do you think they should start doing? Can such mess even get cleaned up?

You can't break the rules of your country even if you want to. In the financial sector, every transaction record is kept at any level, whether centralized or decentralized. Once you have verified your KYC centrally, it means that you have only completed the identification on the relevant site and your financial transactions will be centrally monitored. If you make any unusual transactions, the government of that country can easily identify you.

Some people don't want to deposit funds on any platform without KYC verification this is a completely personal matter. In my opinion it is better to follow local rules to protect yourself from AML complications.

[Kruw]

What and what do you think they should start doing? Can such mess even get cleaned up?

They should coinjoin to prevent their identity from being tied to their future Bitcoin transactions.

[pawanjain]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

What and what do you think they should start doing? Can such mess even get cleaned up?

Ofcourse its possible but you have to be smart about it. Only you know how messed up you are and only you clean your mess.
Going underground isn't a new thing and if we do it right then we can attain full privacy.
Every thing we use should be privacy focused including your IP address and the transactions you make to move your funds from your primary wallet to your new wallet.

[Dr.Bitcoin_Strange]

What and what do you think they should start doing? Can such mess even get cleaned up?

Such mess can be cleared up by doing a reversal of what has been done. How do I mean? Simply sell all those Bitcoin back to your local Fiat which you spent in buying those coins and after the money has settled in your account, use it to buy back the coins you sold but this time around, only buy from a decentralized exchange or from a p2p physical agent. The second suggestion which some people don't like is to use a Bitcoin mixer. Although the first option is very preferable and easily doable.

[lionheart78]

For someone who have spent his years buying on centralised exchanges only to have found privacy, passed countless KYC verification online, almost all their information is online, do they still have a choice at privacy?

If you are talking about user privacy with the exchange then no.  Since the user submitted his documents, the exchange already know his identity.  But I believe exchange have user privacy policy so you can just convince yourself that your data is safe despite hacks.

What and what do you think they should start doing? Can such mess even get cleaned up?

If you want privacy with your Bitcoin, then better to hold it in a non-custodial wallet.  And make sure that your online accout is not connected to your Bitcoin wallet.  But if you already submit KYC to exchange, you cannot do anything about it,  Your data has already been saved in their server,