Post
Topic
Board Service Discussion
Re: How to bypass KYC methods?
by
BitHodler
on 12/10/2019, 09:11:15 UTC
Legacy banking institutions are usually laxer on KYC compared with some cryptocurrency services.
I think that's solely related to the fact that crypto exchanges want to keep their bank accounts functional, which explains why they are so paranoid. They are basically a slave of their banks and therefore very strict.

It wasn't all that long ago where Bitstamp randomly started asking their traders very weird questions about their finances---questions I remember my bank asked me too when I created a new bank account with them.