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Re: A KYC database sold on the Darkweb ?
by
perla
on 02/02/2019, 03:54:28 UTC
That's the weakness of KYC and we had a taste of it when facebook got hacked and another one when this forum's database got stolen. I miss the times when we could trade freely without having to deal with KYC on sites like bittrex and poloniex, but things change. Unfortunately, in most cases they change for the worse.
I used to be and still am against KYC and government agencies trying to oversee crypto trading, but reading the posts of some forum members here makes me thing that I'm in the minority.  

VPN + download Google Auth for PC = No more KYC  Cheesy
I tried as a test 1 year ago and I successfully bypass all KYC verifications, I forgot on which one of exchanges... it was one of the most popular.
How could you bypass a KYC verifications using only VPN and Google Auth? Aren't you aware what is KYC means? It just means that they want your real name and address while some of it asking for a any verified government ID's. Don't make KYC as easy as you think, it is not that simple.
Maybe what he means is about KYC still used only to increase withdrawal limits. Because he said in last year, when we put 2fa we get more limit, and if we do KYC, our withdrawal limit is increased again. Like we must pass any tier of security level in that exchange.