Post
Topic
Board Service Announcements
Re: [ANN] luty.io - Fiat to Bitcoin On-Ramp - No KYC <1000 EUR - Low Fees
by
luty.io
on 16/10/2022, 14:40:44 UTC
Quote
Do you mind explaining the reason behind including "Trustpilot and Stripe" as your partner [e.g. Trustpilot partners and Stripe partners]?
- Using someone else's services, doesn't equate to having a partnership with them!

Yes, this is a great point and something that has been changed. Obviously we are not strictly partners of these organisations rather we use their services. This small piece of content was overlooked and should not have been added to the site. It has been changed to "We Use"

Quote
What about license question?

To be clear we do not, nor will ever, have a "Licence" to operate a wholly ethical and moral service based on Natural Law. We don't seek out approval from centralized and bureaucratic organizations who are the total antithesis of Bitcoin and what it stands for. I'd love to go on a massive AnCap rant, but I think you get the point.

Quote
Your site asks for the the card holder's name and address. Unless you use a stolen card, that's pretty much the same as KYC.

This is an interesting point, obviously there is a conflict in that we would rather not require any card holder information, other than card number and expiry date. However, we are also very aware that our site is very attractive to carders looking to cash-out stolen BIN's. We have to record the card holders name and address in order to fight any cases of fraud, through chargeback appeals and internal fraud measures.

To address your second point directly - I don't think recording the card holders name and address is in any way in the same league as typical KYC practices, which includes taking copies of passports, proof of address, and selfie pictures/videos. This information is a honeypot for malevolent centralised organisations and outright criminals. For exmaple, with this information I can very trivially setup bank accounts and request other financial services in your name.


Hope that all makes sense  - and we welcome more questions, please !