Post
Topic
Board Beginners & Help
Re: About my safety on exchange
by
Rufsilf
on 02/09/2022, 05:31:21 UTC
Hello 👋  how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.
Never mind the KYC as it gives you additional funds and account security especially if you are dealing huge amount but provided that you are sending it to the right person or exchanges or else it will fall into the wrong hands. But if you are too concerned about this KYC thing, I will say that it was hard to find reputable exchanges that never ask that. In fact, Binance doesn't ask this before but due to an increase in scams and hacking incidents, leads to such actions.