Quote from: tygeade on Today at 08:55:41 AM

Quote from: EXMON on February 19, 2023, 08:26:19 AM

what are your thoughts on exchanges with and without KYC? Do you prefer exchanges with strict KYC requirements, or do you value anonymity and privacy more and prefer to use exchanges with little to no verification process? What are the disadvantages and advantages of each approach? And what measures do you take to ensure your anonymity when exchanging cryptocurrencies?

I get that our data could be hacked and be shared, and I am willing to take that risk. People think that KYC is just there for exchanges to comply with government requests and nothing more, which is very wrong.

KYC is there to protect you, in case someone tries to hack into your account, if you have KYC enabled that means you could provide proof that you are in fact you, whereas hackers won't be able to, because being able to hold a piece of paper that has that days date is not something they could replicate. Hence, having KYC, even with all the risks involved is still better for me and makes me feel a lot better about it in the long run.

It's like a game of chance, really. People are out here, willin to take on the unknown and untested by tradin on unverifid exchangis with no KYC. They assum that it's a good ideea to avoid givin out their persnal informashun, but hav they really thought it through? Wat if somethin goes rong, like some hacker decides to take a swing at their account and runs off with all their hard-earned cash? Without KYC, how will they prove ownershp of the account? It's a precarious balancing act, sure, but ya need to be smart and take the risk. It's like when ya ride a bike; ya may think helmets arent kool, but they're necessary to keep ya from gettin hurt. So, before ya sign up for that sketchy unverified exchange without KYC, take a minute and consider that enablin KYC is a constructive and creativ way to keep yourself safe from any security breaches.