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Scraped on 14/07/2025, 23:32:35 UTC
By doing KYC you add several new risks to yourself, and you gain absolutely nothing from it. Perhaps if you are located in an unlucky place, you may save a little bit in fees when trying to acquire Bitcoin but the added risk outweighs the savings. For one, your data can be compromised and exposed online. Further, this information may be used against you both by criminals and by the government. If your purchase history leaks, you could be targeted by local criminals. If the government becomes hostile, you will be targeted as well.

I wouldYou should avoid KYC if you can.
Original archived Re: How important is it for BTC to be non KYC?
Scraped on 14/07/2025, 23:28:05 UTC
By doing KYC you add several new risks to yourself, and you gain absolutely nothing from it. Perhaps if you are located in an unlucky place, you may save a little bit in fees when trying to acquire Bitcoin but the added risk outweighs the savings. For one, your data can be compromised and exposed online. Further, this information may be used against you both by criminals and by the government. If your purchase history leaks, you could be targeted by local criminals. If the government becomes hostile, you will be targeted as well.

I would avoid KYC if you can.