Quote from: hulla on September 30, 2020, 03:13:50 PM

Quote from: TeslaMotors on September 30, 2020, 11:28:53 AM

After all, there was an entry here that KYC makes no sense at all and even helps criminals to act at the expense of innocent victims. This is all one big absurdity!

Firstly, I believe this is not the first time paxful will ask their user to go through some KYC before he/she can access his/her fund and if you search through this forum you will understand that youre the first victim but I believe they usually do that when they notice something fishy account the account or some report the account accordly to their rules/regualtions.

Meanwhile, KYC make no sense within the crypto community but to P2P and centralized exchange site it a real deal. However, KYC help criminals at the expense innocent victim if a data breach occur. I will advise you not to use p2p and centralized exchange you dont trust or understand their rules and regulations in future.

Quote from: nutildah on October 01, 2020, 04:35:49 AM

I looked at an old version of their Terms of Service page and found that they've said they may request KYC from customers since at least March 2020:

Quote

The information we request may include certain personal information, including, but not limited to, your name, address, telephone number, e-mail address, date of birth, social security number, taxpayer identification number, and a government identification.

It looks like they made the change around that time. Even though they should, I don't think they will release the funds to you without ID at this point; it might have been a different story in April or May.

My account has only the positives and apart from this small number of transactions, just a month ago I had a limit of about 300 usd to work and now they have reduced it to zero. I think it is a deliberate misleading and also a deception. You know that you have a limit and here suddenly this limit is reduced to zero. This is the action for all accounts i think

I think it should be publicized.

Let's assume another case.

You have money on BINANCE and you know you don't have to do KYC.
Suddenly they force it on you or you lose money ?

Would BINANCE still be the number 1 exchange? NO
They would lose a lot MORE

I think the same should be done with paxfull - that is, completely WARNING FROM PAXFULL !