The KYC process annoys the hell out of me. I remember a time when you could trade coins freely and without owning up to your identity at all. Not that I'm hiding anything, I just don't like every man and his dog having a copy of my government ID - I feel that's very intrusive. I mean the whole idea of cryptocurrency was anonymous peer-to-peer trading without government intervention. Now it seems you can't fart in the wrong direction without someone breathing down your neck.
I mean I get it, exchanges, ICO's, etc, want to be on the safe side -- although what I really object to is these places accepting my crypto first and then telling me that I need to give them a mugshot if I want to use it, or withdraw it again. It's a nightmare.
Anyone else a bit miffed with all this identity craziness we're in right now?
Or am I just being a grumpy old man?
KYC is really killing the decentralization or anonimity of cryptocurrency . I hate it but we have no other choice on investing we need to send and verified first same as the exchanges right now . its not a good idea it is like we are risking our identity if anything happens like in the past months there was an issues and leaked identification id cards in the public. asmuch as possible if they let me enter and not required kyc i will go in that investment or exchanges it is not a problem for me beacuse i don't have that big amounts to release if they want to require me to send kyc .