Quote from: Mahanton on Today at 07:59:53 PM

Quote from: brainactive on July 25, 2021, 02:51:18 AM

Up until now, I thought the only way to convert fiat to BTC is through KYC exchanges. It seems like there are alternatives such as Bysk. Did I shoot myself in the foot by purchasing through KYC exchanges?

KYC is common.The best thing is p2p but somewhat risky.

Exchange platforms are regulated and its expected that they would really be having this kind of system when buying up directly BTC on them.

Even legit exchanges asking KYC can't fully guarantee that we are safe and our personal details won't fall into the other hands as they are also prone to hacking leading to such scenarios. But I think, as we are started to join crypto, using centralized and decentralize platforms, we are also aware of the consequences we might have in the future. However, we are not praying for that and that is why we still risky our life in here and continue. if we are too afraid about this, it is simply not to try being in crypto as it is possible that years from now KYC is mandatory and we have no escape anymore.