Quote from: nomenclatur on May 11, 2020, 08:05:50 AM

I myself do KYC while buying ico in years 2018 if secure my data I do not quite know that KYC be misused someone irresponsible when I read this thread I realize that personal documents are very important and very dangerous if it is owned by the bad guys and used in any use for the benefit of crime.

PM me a copy of your ID. I swear it will never be misused.

You wouldn't do that, would you? Why would you give it to somebody else? Whether it's a small company, a corporation or simply a person, just why? Moreover, why do you have to give it after registering and depositing funds on most websites?

You could deposit 1 BTC on a website and I may have the password of it and complete KYC to withdraw your money from your accounts into my wallets and nobody would suspect a damn thing, I mean.. "you" have completed the identification process, haven't you? Besides IP, how would Binance know that the guy who completed KYC after their account activity turned "suspicious" is the same guy who registered?

It's just plain nonsense and too many are taking advantage of it. But it's only me and a handful of others complaining about it, everyone else says "well you should give it if you really have nothing to hide" .. -insertEdwardSnowdenquotehere-

Quote from: art_of_bug on May 13, 2020, 01:12:47 PM

KYC makes no sense. On "black" market it's easy to purchase KYC pass. Not necessarily stolen, just people who willingly sell their info to make some money.

Let that be their personal matter. If you'd like to sell your hands to somebody 'cause you want to make money off them, then feel free to do it. They're doing that as they will to, but nobody tells you about the dangers of KYC before registering everywhere. All you're being told is, "obey the law".