Post
Topic
Board Trading Discussion
Re: List of P2P/no-KYC exchanges
by
Arkann
on 30/04/2020, 07:57:14 UTC
Are you seriously gonna believe your KYC info there is perfectly safe and secure? Once their system been jeopardized, and you know hacks and data breaches happened regularly in the crypto space, your identification is gonna be listed for sale at $1 or less on some dark web market. In one week you will receive a court warrant for some crimes you did not commit in places you've never been.
That why I only stick to no-KYC exchanges: Coinex for spot trading, and BaseFEX for margin trading.
For the sake of launching financial affairs in trading, I am still willing to do KYC, except on the bounty or airdrop site I will never do it.
The use of KYC in trading is not much different from the purpose of KYC in banking. So, in the KYC trading also aims to provide security for the user, and the market itself also oversees trading transactions, minimizing fake accounts that can lead to cybercrime.
But are you sure, that your provided KCY Data are safe there? I have not been read anytime about data breach or stolen KYC Info from Banks but I have read a lot of stolen KYC Info from crypto exchanges. Before I provide my KYC Info to crypto exchanges I must be very sure, that they a reliable and trustworthy. And even then I still have a stomachache.
Believe me, there is quite a lot of information on the network that practically any resource, including banking institutions, is losing control over the security of their customers' personal data.  literally recently, I read information that on the network you can buy personal data of customers of the largest Bank in my country, whose client I also have, namely, the series and number of the passport, of course, name and surname, as well as registration and identification code.  Based on this, you can’t be sure that our personal data doesn’t go anywhere on some resources on the Internet as a trading lot.