Questions tagged [kyc]

StarlitFantasy Wed Oct 09 2024 | 7 answers 1474

I understand that many cryptocurrency exchanges and trading platforms require users to go through a Know Your Customer (KYC) process for security and regulatory compliance purposes. Given this context, I have a question: Does Deribit, a popular derivatives exchange for cryptocurrency, require its users to undergo KYC verification? If so, what specific information and documents are typically required for the KYC process on Deribit? Additionally, are there any exceptions or special circumstances where KYC may not be necessary for trading on Deribit? I'm interested in learning more about the platform's policies in this regard.

Raffaele Wed Oct 09 2024 | 6 answers 1598

I'm considering whether to trust KYC, but I'm not sure if it's reliable and secure. I want to understand the background and implications of KYC before making a decision.

Andrea Wed Oct 09 2024 | 6 answers 1061

Could you please elaborate on which digital wallet specifically offers a no-KYC (Know Your Customer) option? As digital wallets are becoming increasingly regulated, finding one that doesn't require KYC verification can be challenging. However, there might be some decentralized or privacy-focused wallets that prioritize anonymity and don't enforce KYC. It's important to note that using such wallets might come with risks, such as limited access to certain services or increased vulnerability to scams. Could you please provide some insights or examples of digital wallets that offer a no-KYC option, and also discuss the potential risks and benefits associated with using them?

Arianna Wed Oct 09 2024 | 7 answers 1690

I'm wondering if it's possible to use Coinbase, a popular cryptocurrency trading platform, without completing the Know Your Customer (KYC) process. I've heard that KYC is required for certain transactions on the platform, but I'm not sure if it's necessary for all users or if there are ways to use Coinbase without undergoing KYC verification.

GyeongjuGlorious Wed Oct 09 2024 | 0 answers 0

Could you please clarify whether Hotbit, a cryptocurrency exchange platform, requires users to undergo Know Your Customer (KYC) verification? KYC is a standard process in the finance industry that involves verifying a customer's identity and understanding their financial background. It's often mandated by regulatory bodies to prevent money laundering, terrorism financing, and other illegal activities. Is KYC a necessity for users to access all features and services on Hotbit, or are there certain exceptions or limitations?