Are you ready to send your IDs to verify an account on a bitcoin Exchange

[jbrnt]

I don't mind (in principle) giving my ID to a reputable exchange knowing that they will keep it safe and will not sell my information to a 3rd party. The fact is there is no such exchange at the moment, and I have not given any exchange my private information. There are too many identity thieves around to be careless about these things.

[1715098605]

1715098605

[1715098605]

1715098605

[1715098605]

1715098605

[mayax]

personally i won't send my personal information and documents to an online bitcoin exchange, we are in crypto world where we believe in anonymity and sending documents won't keep us anonymous anymore
some exchanges request them because they are regulated or don't want to be charged for money laundering for allowing anonymous accounts

good point. I am wondering why some people when Coinbase said "we are regulated"... If so. they have to report to IRS everything

[Madness]

Obviously different exchanges got different rules regarding account verification. For instance Bitstamp wont let you trade at all without submitting lots of docs. On the other hand there are some exchanges like btc-e.com or indacoin.com that let you sell bitcoins and withdraw USD without any verification. Whats your attitude? Are you ready to send you passport copies and utility bills to verify the account? Why?

Hell no I'am not ready to send my real informations to a website , trusted , long existant or not .
It dosen't make sense anyway ... This defeats the whole purpose of using Bitcoin which is staying annonymus and most of people use Bitcoin for that purpose exactly.
It will even make it worst then Paypal since Paypal don't really need those informations unless you get limited (if something suspicious happens)

~ Madness

[mayax]

very stupid thing to give your IDs to a "website"....

[strangerdanger101]

nope, no way

[picolo]

very stupid thing to give your IDs to a "website"....

If you trust them, why not?

[croato]

I will never send picture of me holding my ID in hand over internet to anyone. It is just redicoulous and against whole idea of cryptos not to mention possibility of identity theft.

[NeuroticFish]

It all depends... if it's some well known exchange and I want to withdraw fiat, yes, I have to.
If it's an exchange I use for crypto only, I will do my best to avoid that.
I don't give real identity to most e-mail providers (y, ms..), why would I do that for crypto that is supposed to be anonymous?