ID

nd289

must be Venezuela ID or can foreigner with their passport can create an account?

nd289

Binance Venezuela check ID & upload require to create an account?

robeewankenobee

It was never a purpose, imo ... that is, to keep stuff private in some respects. Imagine the Volume of Laws it would go against in 2021. Crypto has nothing to do with the Current state of surveillance affairs, it's simply processed the same by the society that's adopting it. You can't move more than 10k anyhow without undergoing the verification process... heck, you can't buy a SIM card without giving some ID due to 'terrorism' concerns. This narrative has a certain spin to it, but it's not crypto fault by any means, it's Just The Way It Is.

Dwarfdeaths

> It’s not that there can’t be other ways to do these things, it’s that NFTs are also a good way to do it, it’s usually cheaper to do, and requires less subscriptions to services. By definition, it will be more expensive than a centralized solution because you have to pay for more computers to store your code, run it, and store the output forever. If it's the standardized "ecosystem" that you think is valuable, there's no reason you can't develop an open source library that gets adapted to each of these in a centralized fashion. The fact that some of these concepts don't exist yet as centralized services means either (a) they are slow to adapt information technology to their business model, or (b) it has a fundamental flaw in the business model. > Ticketing, medical records Details please. I can't know what use case you have in mind by "make noun an an NFT or smart contract." But again, ask yourself how "trustless, permissionless, and decentralized" applies to each of these. Medicine is an inherently trustful and centralized subject. You trust your doctor and you visit them in person usually. Do you want them to be able to update your (encrypted) medical record on an internationally shared database? Fine, we could do that today if we got all the hospitals and/or states on board. But why does it need to be trustless, permissionless, and decentralized? Do you even want it to be permissionless? Perhaps each institution and personnel would need to be approved by the state before joining the database with a provider ID? Tickets (e.g. for concerts) I could actually see as an application of NFTs. Their ownership is entirely opinion-based, like money, and they are easily enforced when the time comes to redeem them. I have my doubts as to the necessity of it being decentralized/trustless/permisisonless if the issuance of tickets is an inherently centralized process, but let's chalk this one up as a real use case. Why, now, does this DApp need to be run on a generalized smart contract platform? > fractional ownership of intellectual property. Intellectual property is enforced by nation-states. A patent or copyright just lets you sue people who infringe. As far as splitting profits, proof of ownership is generally not the bottleneck in enforcement. If you have a contract saying that you get X% of proceeds from Y intellectual property, most disputes will center around defining what the proceeds are, what X% of them should be, and whether or not they have been paid. Proving whether the two parties signed a contract is generally not the issue. I don't see how a signature on a blockchain improves that process. If you want to make a smart contract that completely automates the process from collection of revenues to distribution of profits, then you might have a case, but that becomes increasingly prone to loopholes stemming from the oracle problem as the IP becomes more involved and multifaceted. Plus you'd still need a spendable (read: globally scalable) currency as your settlement layer if you want to avoid a centralized bottleneck. > There can be a kiosk at every national park, and you can mint a commemorative NFT for that park and keep it in your wallet. Digital Scrap booking I think will be big. You can put your ticket stubs, places you’ve visited. Digital scrapbooking is already a thing, without NFTs... They even have phone apps for it. How does turning your visit into a nonfungible token make someone money? And if it does, why does it need to be decentralized, trustless, and permissionless? > Digitally collectable card games. Where you own your collection and load it into the game to play and trade. These already exist. Why do they need to be decentralized, permissionless, and trustless? Doesn't a centralized authority issue the cards? Makes sense that they would also then manage the ownership of those cards on a centralized server, which is exactly what they do. What if you made the entire game a decentralized app? Well, that's an interesting idea, but it seems like you would just have participants run that DApp on their own like BitTorrent, rather than purchasing computing resources from a third party. > NFT in game equipment that you can own yourself and trade outside the game. Same idea as cards. Doesn't this already exist? Doesn't EVE do something like this? > NFTs can help a ton with helping cut out the middle man for art distribution. How? It's not going to stop piracy. If you want to get paid without a middleman... that's what cryptocurrency is for. > And truthfully, we don’t even know what else people will come up with. People literally cannot resist ending a discussion of NFTs and smart contracts with a line like this. I think you're physically incapable. My takeaway is this: I can't claim that all possible applications of smart contracts are pointless, only that people are gravely overestimating the utility of the concept. I think what is fundamentally needed to enable a whole slew of decentralized applications is a global settlement layer, which then frees up proposed DApps to just do their thing, perhaps with their own protocols rather than an inefficient generalized platform like ETH. What makes absolutely no sense to me is turning an idea for a decentralized application into a currency just for the sake of it -- aside from the fact that people will dump millions of dollars into such projects. For instance: BitTorrent was a great idea for a DApp and has been in use for years, before cryptocurrency even existed. They introduced a new token called BTT that acts as a settlement layer for a system of economics to influence data transfer. But unless BTT becomes a globally adopted, globally scalable currency, it's going to have to go through a centralized exchange to be actually spendable. Meanwhile, you could accomplish the same outcome by just having Nano as the globally scalable, globally adopted settlement layer and exchange Nano for data within the DApp. But you can't speculate on that, only push for adoption in the BitTorrent protocol, which is way less exciting to speculators.

DanProtonMT

Yes like I said Proton is a fork of EOSIO with some goodies like Decentralized ID, fiat integration, @ name addresses and KYC/AML added on.

stuntmanKEV

everest ID. fully regulatory-compliant, vertically integrated full stack. partnership with oracle software, chainlink, aave, and other big players. they just hired 2 key staff from ADA. only a 40 mil mcap with good potential to skyrocket. check out their recent update: https://everestdotorg.medium.com/everest-q3-progress-update-8630c198fbb6

Senor-Theodore

No, a lot of climate pollution is uncomfortable. Our early is legitimately dying. I see it. I went snorkeling and the coral reef was a lifeless gray. It had no fish or movement. You know what it had? Fucking garbage. Peoples soda bottles and napkins. Shit is unacceptable. I’ve never been a “climate change” person but ID BE FUCKING PISSED IF SOMEONE WALKED IN MY HOUSE AND STARTED TO THROW THEIR GARBAGE

titosuave69420

Is you may need to verify your account With an ID if you haven't yet. https://youtu.be/G2ZW5hDrDEg

comesaylorway

You can't identify a specific order to sell on Coinbase. This is a tax/accounting issue and not a Coinbase issue. If you are going to you Specific ID for tax purposes when calculating capital gains tax you can do that, but you need to be consistent and can't then go back to using FIFO or LIFO. Point is...sell the amount on Coinbase and then track it yourself.

Noxage_88

Imagine thinning exchanges will let you cash out! “Sorry can you resubmit KYC” “Can you post a pic of you With your ID doing a handstand” “Can you please phone tech support who don’t speak English as your account activity is suspicious” Etc etc etc.

DessieFahy

NFTs are the future (legals contracts, ID etc). The bullshit at the moment is just proving the concept. 99.9% of those jpegs gona be worth nothing down the track though

alwxcanhk

The banking industry has reached its peak. It’s up to crypto now to advance. Human touch is very important. People need to interact with people. A couple of weeks ago I sent money to Binance using swift. One week later I didn’t receive the money in Binance account. I tried to contact them over the app but it was a copy and paste replies. I picked up the phone and called my bank. After speaking to a human being for 5 mins, I got the reply that the receiving bank didn’t accept the transfer and returned it and that they will investigate why and refund the money in 48 hours to my account. Try solving a problem with trust wallet or any DEX. If I loose my ID card, my money is safe in my bank account. If I loose the 24 word seed, my money is gone! Don’t get me wrong.. I’m a big investor in crypto but there’s a very long way to go for crypto. Until exchanges open up rep offices and have a phone number to contact with proper man power and a safety net or until banks start accepting crypto accounts, it won’t be widely adopted. Not everyone wanna run away from taxes and not everyone wants the decentralised secretive aspect.

ksnizzo

It now requires KYC. Not super detailed but you have to take a pic of an ID. Haha…wonder why that happened 🤔🙄😂

q78FBD

>OFAC So if I am an international user on either Binance / [FTX.com](https://FTX.com) / others, where I did full KYC, all they do they collect my government ID and ensure I'm not on OFAC? That's it? They don't report anything to the government? Is this correct? Thanks.

simplelifestyle

The Bitcoin network/protocol will take over everything. Check out what happened with the [Internet in the 90's till the bubble popped in 2002](https://en.wikipedia.org/wiki/Dot-com_bubble). Also, regarding the other "better and faster, more efficient" competing protocols, all those vanished into nothingness because didn't have the most important thing: The Network Effect (that's the cemented foundation). EVERYTHING needed/wanted (offered in isolation by those other protocols) was then built on second layer apps on top of the Internet (TCP/IP) base protocol. Base layers/protocols are basic infrastructure built for security not for 'speed', are a strong and stable foundation upon which all the functional layers are built on top of. In your house you are building you want high-voltage electrical wires, solar panels, double-panneled windows, central AC, a pool and jacuzzi, extra rooms for visitors. etc? You build all of that on top of the strong foundation, not buried on the cement and unable to change, upgrade or even use them. So, **EVERYTHING will be implemented on top of Bitcoin**, just see some the advances so far this early in the game: (Note: Everytning shown below are NOT shitcoins, all of them are projects/apps on 2L's, Side-Chains, State-Chains, Sidetrees,etc. ALL ON TOP OF BITCOIN). Check out this awesome list of [Bitcoin Use Cases](https://zenimal.xyz/use-case). > Try RSK (Rootstock) Bitcoin sidechain, RIF (Rootstock Infrastructure Framework), SOV (Sovryn), STX (Stacks), RGB (scalable Smart Contracts), DLC's (Discrete Log Contracts), Suredbits (BTC Derivatives), DID's (Decentralized ID network like Microsoft's ION), WBTC (Wrapped Bitcoin) or L-BTC (Liquid Network).

dnzdgn17

Take it to the police. If it's real they can take action. If it's a fake, it's probably a stolen identity and you'll have helped the victim and maybe prevent this ID from being used in future scams. It's the right thing to do. Sorry for your loss OP. Hope you can do something about it.

chenda_lin

She lives in Toronto. The ID has the address. The ID looks real with very small details all around but I'm no expert.

mode90x

Contact your bank and/or the police dude. Even if it was a fake ID. The money can be tracked from the bank account.

chenda_lin

The ID name matches the bank registered name.

dnzdgn17

If you've got a photo ID and bank number, then I'd always press charges. Because you can prove you were scammed. I'd also contact my bank to let them know what happened. If she's lives in Canada also maybe legal action can be taken. If she's not in Canada, maybe international collaboration between the countries can lead to her getting informed of the charges. Maybe your bank will let her bank know what happened, and her account will be frozen. Even if none of it wil help, at least you will have done everything in your possibilities.

Strict_Suggestion

Yeah but did you get a pic with her holding the ID or could it just be anyone's? If you know it's definitely her then start giving her a huge headache....hope you get it sorted anyway. And don't let it spoil your weekend don't get too mad about it. Sorry bro

chenda_lin

I ask for ID as a precaution but I never had to deal with a situation like this. It was online communication. Once we agreed on the price she sent me the money and I sent the ETH to the address that she said..

Strict_Suggestion

Are you really sure that's her in the ID? If so go and get your money back or police either way

ThePonyExpress83

It's alive, been getting some random partnerships going. Has potential as a digital ID. Price just isn't doing much yet.

nora

**✨How to purchase SOL100 on the Raydium DEX ✨** 1. Add https://phantom.app to your desktop browser 2. Copy your wallet address by clicking it at the top of Phantom 3. Withdraw Solana (SOL) to your wallet address from an exchange or other Solana wallet 4. Click the bottom center button in Phantom to convert SOL into USDC 5. Go to https://dex.raydium.io/#/market/8WoPkAps3uBz5Uz2CA8aL9qgYzUozLCffK6L294bkMid and Click the "Trading" tab 6. Connect to the DEX with your wallet 7. Click the circular + icon above the top left of the chart (Screen Shot attached) 8. Set the Market ID to 8WoPkAps3uBz5Uz2CA8aL9qgYzUozLCffK6L294bkMid 9. Set the Market Label to SOL/USD 10. Set the Base Label to SOL100 11. Trade USDC for SOL100 12. Click the "Balances" tab 13. Click "Settle"

Mediocreety

Same, I only have a really small amount of bitcoin from mining few months ago. I still can't buy yet since I'm still waiting for my ID

featuring_42

Nah, had fo prostrate myself in front of the Binance Customer Service team to get it back. ID verification, etc....

KP7KP

Nice to hear Neo being mentioned. Don’t forget along with the built in Oracles, decentralised file storage, decentralised ID and new governance is all implemented in N3 making it Web 3.0 ready.

homologoswegano8nd

I like what Ore is doing with identities and multi-chain accounts, the ORE ID is give seamless access to multiple accounts with a single sign on.

KSirys

I have another client who sent me his wallet ID and that had 19,000 BTC but he's being a dick about the procedures.

amasterblaster

It is an interesting point. But this is not what is happening in practice. Gaming is a good example. You have Apex tokens (apex legends). You have currency in every game. BUT, check out [https://enjin.io/](https://enjin.io/) They (in our game in development) allow people to move guns, swords, and buildings out of our game and into others. So this is an example where enjin coin actually lends itself to portability. Another, [https://www.digi-id.io/](https://www.digi-id.io/) Digi id provides authentication services. No more passwords for gmail, hotmail, facebook, instagram, reddit etc. In the future you will have one ID (perhaps digi ID). We are already fragmented. What crypto is already accomplishing is a sharing of these services across all systems. The classic example is BTC. BTC can be sent worldwide without banks and stopping in seven spots. Finance is the worst for fragmentation. All great crypto projects have a consolidating nature where they decrease fragmentation. BUT, you have a point, just like real life many people want to try. So we dont have just Bitcoin. We have BTC, WBTC, LTC, and similar. We don't have just ETH, we have ETH, MATIC, SOL, DOT (etc). So to your point, we have many competing teams trying to do similar things. This is because it is an early competitive market. This makes it hard to invest in, and since so many people are competing, we have a cottage industry of people advertising different projects, leading to a large (and silly) amount of speculation. So I agree it is messy. But, just like when Yahoo search, Google Search, Bing, and other all competed , eventually the dominant players in each space will emerge.

coinfeeds-bot

tldr; US tech giants are driving adoption of a new type of identification that uses the blockchain. The Decentralized Identity Foundation, W3C, IBM, and Microsoft are involved in producing and managing an open source ID standard. Ontology is a blockchain for self-sovereign ID and data on Binance Smart Chain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Logsarefun

My HEI Points ID: beb8dba50dde0314bf0be1139dde2dac I'll buy someone a pizza with HEI Points.

Solid-Context-7623

I'd recommend to first check your tax situation, then I would move forward as follows: register a bank account with your preferred exchange and do their ID verification, withdraw $10k, then $100k, then $500k, and finally a million USD. and never put more crypto assets on the exchange than you plan to liquidate/trade. I'd be fully prepared to be contacted at some point and do some additional verification -- maybe they even suspend the account until they are fully satisfied. they have to follow rules regarding money laundry, terrorism, whatever... so it is expected to be painful, before you are allowed to move "larger" amounts of money/value...

brattyprincessslut

Like remember if a bank account needs you to provide ID or proof of address you can just make one up Banks go through thousands of applicants a day they’re not going to like take your bank statement and phone the issuing bank and ask them if it’s real Just make up the documents in Microsoft word Make fake electric bills and a fake ID and you’re golden. Just apply a template to Microsoft word and add a title and date and make up some phony metrics and numbers in a table and google your local electric companies logo and put it on. Boom done

brattyprincessslut

It doesn’t have to be an American bank account, there’s many countries with lighter restrictions Google “corporate service provider” most of them will let you register a foreign bank without even providing your ID. Just ask around at least 20% of them will let you do this there was a study done on the willingness of corporate services providers to supply bank accounts without providing your ID. There’s a YouTube video on it too a presentation It costs around $300 using a corporate service provider. There’s American ones too. Email 10 of them and at least one will let you do this. Make sure they’re reputable You can do it yourself too just get creative. Pick a country like some weird third world country and like email their bank saying you’re a foreigner opening an account Then make up some bullshit ID documents and utility bills and bank statements (you can do the latter in Microsoft word) and send it to them 100% they’ll just open the account , there’s a good chance no African bank employee has even seen documents from the country you’re from The last (easiest) but most insecure way is again just ask a friend. Or ask your friend to ask their friend, to use their bank account. Send $1000 to it and tell them they can keep $20 for the troubles Do it again and again and they won’t have incentive to steal your money because you’re providing them more future work

hocusseswrathfulb3

The listing was talked about everywhere and the project usecase is also a good one; connecting web 2.0 and web 3.0 accounts to give a single sign-on access through the ORE ID.

Beatnik77

The voting rights thing is massively overblown. Requiring ID and not allowing gifts for voters is not abusive. They never proposed to make homosexuality cures mandatory. The handmaid Tale thing is completely false. Qanon morons also have their equivalent all over reddit.

ahh_bo84

I have traded cryptos for several years now. I have accounts with Kraken, Binance, Coinbase and before Quadriga. Being in Canada it's become more difficult to fund my accounts with fiat to purchase crypto coins. During the recent Bitcoin crash I was unable to fund any of my accounts with my bank... It was frustrating. I joined netcoins a month ago to test my luck. I was setup, ID verified, transferred fiat, purchased crypto, transferred out all in about 40 mins. By far best user experience for simplicity I have had thus far. Their interface reminds me of the early days of coinbase. Very basic right now but clean. I love the live balance reader that keeps refreshing. I am excited for when they integrate more coins and financial products. Great place for a beginner!

HumbleGeniuz

How can they tell the photo ID submit is really you? You don't show your I'd somewhere to 'prove' you 'have' an ID. You show your ID to match against your face. Hence the selfie proves you are who you are.

olddogenewtrick

Got no problem with ID. No phone for me, thank you. Anyway who says there's coverage where I am?

Crypto_fan_am_I

I have also faced that problem - after all I trade crypto because the anonymity and show my ID on camera is not the best way to stay anonymous))) Personally I switched to 7b - it is based on the Binance Brokerage API, so all my trading pairs are available there + they require only email for registration and KYC is not obligatory at all.

alin_DFN

Internet Identity is simply a map of anchor (a sequential number) to a generated principal (ID) plus one or more public keys that can be used to authenticate as that principal. There is literally no other information in there, not even a username, much less anything that could be used to identify you. When you use it to authenticate with e.g. [dscvr.one](https://dscvr.one), a new principal is generated that cannot be used to link back to your II principal. And, by extension to your principal on e.g. Distrikt. I.e. in a very practical sense you cannot be tracked across applications. As for Windows Hello, that's simply a way for the TPM chip on your laptop to sign a message with the secret key corresponding to the public key that II uses to identify you. While preventing that secret key from leaving the TPM chip so it can be stolen by random malware running on your computer. And finally, you don't have to use Windows Hello. You can use the fingerprint reader on your phone (to do the exact thing, your fingerprint isn't leaving your phone); and someone even created a (working) proof-of-concept that allows you to log in with a MetaMask wallet, if you actually prefer your secret key being stored by a browser extension instead of a secure token/chip. (With apologies for the sarcasm.) Could you clarify how exactly this is a turn off?

PM_me_your_btc_story

The extra you pay is also the price of anonymity. If you dont want high fees, you can sign up on a crypto exchange and give them all your ID's.

SinisterProfit

Do they ask for an ID or phone number?

kraigka212


DrJingleCock69

Ah so still like the old ways with local Bitcoin. I thought there was a decentralized exchange type thing online to do it. Depends if broker asks for ID really most do, I know atms do to so I guess there's no great way to do it scalable with larger amounts

brattyprincessslut

Fake ID made in Microsoft paint Get a real ID, zoom in, and copy paste the characters of your name and ID number and rearrange them until it makes a new identity Use color dropper tool to fix any solid vertical lines from pasting Then print it on gloss paper for $0.1 at local print shop and wear your mask and sun glasses Then cut it out and take picture with your phone. Boom done. You’ll pass any AI ID verification or even manual verification services now Whoop whoop

brattyprincessslut

Yeah fuck the government I’m not paying shit Think about ways to turn Bitcoin into fiat without involving your name. Do transfers over mobile data registered to someone else’s name Open Binance accounts or whatever exchange account either in fake IDs or other peoples names If people here don’t like this, go pay some tax. I couldn’t care less about making a fake ID. I hate the government. They’re so dumb you can fool them with Microsoft paint

Wise-Grapefruit-1443

Go to settings and make sure that a pin or facial ID is required in order to transfer funds

Wise-Grapefruit-1443

Facial recognition is a powerful ID tool

DrJingleCock69

The top 1% is people making $400k+ or so aka big time private practice Doctors, big time lawyers, wall street, small business owners. They are the ones paying taxes It is INSANELY easy to start a shell company tax haven https://pca.st/episode/aa901c04-a507-43cb-8b1c-5aced47f1963 In the US you can even do it in some states WITH NO ID!! Delaware and Nevada are a couple. US is the only place in the world that will let you do it with no ID it's international law required everywhere else. Anyways you start a fake company, sell your crypto on a non-kyc method, cash to shell company boom how easy was that. They can't find you because the company is using a fake name you made.

proloyster

Well there's not really a way to measure that except for simple HBAR transfers which account for a very small proportion I'll admit. That's because the coin is only useful to pay gas fees or to speculate on as of now. As the token service was recently introduced, there should be more transfer of value (with promising dapps such as nft.com or Calaxy). These "transactions" do have value because they're part of a service provided by a company, for which people pay for. They're not transfers of assets per se. It all amounts to the same thing in the end. When you transfer Bitcoin, you just obtain consensus on a small bit of information that says "this address A has sent x bitcoin to this address B". With that consensus you obtain an immutable log of events of bitcoin transfers, which makes bitcoin money you can't double spend or fake. The HCS is the same thing, and with AdsDax it's used to log things like "this website A has properly displayed this advertisement for this B company", to prevent ad fraud (making companies pay for ads you barely display on sites). Some other company uses it to create a temperature log for vaccines that can't be faked. Avery Dennison's Atma.io uses it to assign an unique ID to items to track their provenance, temperature logs for fresh goods...etc. Of course you could do this on ETH but it would cost a gorillion dollars in gas fees and so you would never be able to use it for information of little value such as "the temperature of this vaccine at this time" or "this $5 coupon has been redeemed" because you'd have to wait ages for the information to be logged. This is why ETH is only used for information of "high value" such as significant token transfers. I agree it's confusing to call them transactions because it's most of what supposedly happens on a blockchain today. To be rigorous they should be called "consensus logs" or something. But they're not records of when nodes speak to each other like Solana, they're as much information as a crypto transfer.

Greenhoused

I would also have replacement plants same age - That is a good point that it would have a different ID

siglawoo

First of all cashing it out to paper money is extremely easy. Each transaction you cash out should be less than $10000, through various different brokers. Now a days even all those gold shops are buying/selling crypto. Don't trade with the brokers asking for ID. Plus you will always find relatives and friends wanting to buy some crypto, They are your p2p customers too. And about how do you buy a million dollar property with that cash? You don't! You don't have to buy a mansion, you dont have to follow the Lamborghini mentality. Lay low, rent a nice place and live your cash without a job..what more could you ask for?

CryptographerNo9254

Use your Face ID

Sportfreunde

Gotta find a way to buy without doing ID verification then imo. It's really sad that bitcoin is supposed to be this decentralized thing but you have to verify if you use any exchange.

Elie0_0

He's covering the part of his ID where it says "The foundet of Bitcoin"

kyle_h2486

His ID doesn’t lie though….

kwayzzz

This prevents none of that. All those inflows and outflows occur through shell corporations with their own tax ID’s, into i vestment accounts to which billionaires take out leveraged debt against which is already tax free and fully reported to the IRS. This prevents none of what you are saying or thinking it does.

McBurger

For a serious answer, it's actually a new frontier legally. Every other BTC theft happened by committing some other crime in the process. But a truly random private key collision may not qualify. Having the private key *IS* ownership in BTC. There is virtually no other asset class that serves as a good comparison. In any case, you'll get caught as soon as you try to send it to an exchange. You'll have every set of eyes in the world closely monitoring the movement of those coins; you can't outwait it, you can't hide it. Best thing you can do is try to swap the BTC into Monero and pass the buck off onto someone else. In terms of legal consequences, the fact is that the prosecution, judge, and jury would all be ignorant of how crypto works. I'm sure the law would consider it theft. But the best analogy is more like... phone numbers? Imagine if phone numbers were just assigned randomly, and they were 256 bits long. It's considered impossible for 2 people to receive the same phone number. But one day, you get a new phone, and by pure chance someone else had the same number. You're able to receive calls that were intended for them, and when you dial anyone else they see their number (YOUR number) appear on their caller ID. Did you commit a crime?

9k3d

>So basically each ATM company can decide what is their threshold ..there is no specific law about threshold apart from fincen tells them to have 4 pillar policy and than implement that policy strictly correct? Correct. >I understand atm cos need to keep records of ID info but if someone can give fake name and disposable no. so how can they rely on this type of KYC/id verification and share that with govt authorities ? Low dollar value transactions like $250-$900 or less are not a big deal because there they are not really a money laundering risk because they are such low value transactions. I suppose someone could keep using different phone numbers and fake names, but don't forget that all bitcoin ATMs also have a camera in them. >They can also keep record of where each of crypto went to ..for example which wallets/address it went to but unless it goes to centralized exchange - what is the use of these records because those address will not connect to any person I'm not knowledgeable enough about this because I don't work for FinCEN. I can think of various situations where these records would be useful for FinCEN, the IRS, or police. Most of these records will never be looked at by anyone. But these ATM operators must send a suspicious activity report (SAR) to FinCEN if they detect anything suspicious (like someone using different phone numbers and fake names to avoid providing their ID). >banks will do full kyc even if you want to open an account for only 5$ savings account. Consider this for a moment, when you withdraw cash from a bank, the bank has no idea what you are doing with it. Those dollars are no longer connected to any person. I fail to see how that is any less of a risk than a bitcoin ATM. >so why different law apply to these money transmitter busienss? Because they are just a money service business and not a financial institution with a banking charter.

curiosityv

Excellent - response. So basically each ATM company can decide what is their threshold ..there is no specific law about threshold apart from fincen tells them to have 4 pillar policy and than implement that policy strictly correct? I understand atm cos need to keep records of ID info but if someone can give fake name and disposable no. so how can they rely on this type of KYC/id verification and share that with govt authorities ? They can also keep record of where each of crypto went to ..for example which wallets/address it went to but unless it goes to centralized exchange - what is the use of these records because those address will not connect to any person .. I fail to understand how these businesses run legally? Why govt authorities make it clear to them ..banks will do full kyc even if you want to open an account for only 5$ savings account. ..so why different law apply to these money transmitter busienss?

kraigka212


9k3d

There is no set dollar amount that bitcoin ATM operators in the US are allowed to sell without requiring ID. Some bitcoin ATMs in the US let you buy $2,000 or more worth of bitcoin without ID. For example, bitcoin ATMs operated by Athena allow customers buy $2,000 worth of bitcoin with just their name and phone number. There is varying levels of KYC. KYC can vary from as little as your name and phone number to as much as your home address, social security number, employment, and income. Bitcoin ATM operators in the United States need to register with FinCEN and have an AML compliance policy in place. State level regulation varies from state to state, and targets requirements to register for money transmitter license (MTL) or money service business (MSB). Most of the states will also require a surety bond to run bitcoin ATM machines. Operators need to keep track of records of transactions, conduct and collect identification information and also report information to agencies under particular circumstances. Apart from registering with FinCEN bitcoin ATM operator has to develop its own KYC/AML compliance policy. This document doesn’t need to be provided to FinCEN during registration, however it should be available on request. The main purpose of such a policy is to prevent your bitcoin machine being used to money laundering. AML program has to address the following items, also known as “4 pillars”: Define Policies, Procedures and Internal Controls. Incorporate policies, procedures and internal controls reasonably designed to assure compliance with the BSA and its implementing regulations. These policies need to address risk size expected by operator based on conditions and area of operation, various transaction monitoring and documenting techniques etc.; Dedicated Compliance Officer. Designate a person to assure day-to-day compliance with the program and the BSA and its implementing regulations. This should be a person with expertise in the field. Moreover, such an officer should have relative independence and authority within organization. This should be a person, who doesn’t obtain other functional roles, e.g. to eliminate conflict of interest, while limiting transaction due to prevention measures will potentially reduce revenue volume of operator; Employee Training. Provide education and training of appropriate personnel concerning their responsibilities under the program, including training in the detection of suspicious transactions, to the extent that the MSB is required to report such transactions under the BSA; Independent Audits. Provide for independent review to monitor and maintain an adequate program. This can be done by other employees / team in the organization, as well as by third-party consultancy service providers. Once the program and processes are implemented — it is recommended for operator to do full test of transactions flow and documenting all steps. Tests need to include checking of set thresholds and limits as well as all KYC verification procedures and tracking and documenting of customers data. Manufacturers of ATMs provide integrated solutions in their software. It is recommended to check with each provider what the implementation is, so that it cover needs of being compliant with law. On state level regulators have another requirement to register as money transmitter. This regulation varies from state to state, while some states being more relaxed, some are very strict in this regard. [Bitcoin ATM Regulatory Requirements in USA.](https://coinatmradar.com/blog/bitcoin-atm-regulatory-requirements-in-usa)

Ndivided132

Google Authenticator, Face ID, Pin# and extremely strong password on all my apps/exchange That’s including Reddit too

kraken-sana

This is awkward 😅 We are here to help!! But, never give us any account sensitive information such as account email, username, password, etc... Ticket numbers and [Public Account IDs](https://support.kraken.com/hc/en-us/articles/360028555092-How-to-find-your-account-number-Public-Account-ID-) are gucci to share with [support](https://support.kraken.com/hc/en-us/articles/215601908) 🤙 \~Sana from Kraken 🐙

kraken-summer

Hey u/Ace-of-Spades88, May I please have your ticket number or your [Public ID account number](https://support.kraken.com/hc/en-us/articles/360028555092-How-to-find-your-account-number-Public-Account-ID-#:~:text=Your%20Public%20Account%20ID%20can,16%20characters%20long%20in%20total) so I can assist you further in your verification. Summer from Kraken 🐙

PyramidMarmoset

Since you said "blockchain account", I think maybe you are talking about your wallet ID, which is probably in your mailbox, just search for "blockchain". I would however advise to move away from their services, lots of people have had issues.

kraigka212


f91w593

If someone already registered with your ID it won't open up. In that caae you need to call the Chivo Call center so they can verify your data. You need to take a selfie in order to validate your identity. So there will be someone else there in that case that person will be prosecuted. But chivo will give you the $30 as soon as they verify you were not the person who sign up.

dingosaurus

Many mobile providers will also allow you to opt into a service that will not allow a number to be ported or new SIM issued unless you go into the store and provide gov't ID. VZW in the US has this, and I enabled it straight away.

SnooWalruses208

I'm in the same boat. I didnt know about the ID # so I'm probably shit out of luck. Just transferred a bunch over as well. So stupid.

sourpickles1979

how many times? I redid my password and it gave me an error just reputting the new password. I tried a new email...it has the same token ID....but my stuff is gone. It wont allow me to reset my password on my original at all anymore either

Thebbwe

What happened to me, was I broke my phone. Got a new phone and logged in with same account. On the new phone the account was started over, but still had my payment info and my ID verified. However no transactions, no coins. NOTHING. So I checked my email, I clicked receipts, it took me back to the coinbase app and I could get some of my withdrawals and deposits to populate. However, coinbase doesn't have any coin transaction receipts so it wasn't like I could click any of them and see if it would populate in the app. So the coins I had staying on my app disappeared. When I ask customer support for help... they just say they see the same screen as me. That none of the coins I'm referring to are there, I ask for details, I ask them to show me where the deposits and withdrawals were spent. What coins did I buy... then they ignored me and sent me another email asking if I'd had my issue resolved and that's the end of every conversation I've ever had with coinbase. The point is the coinbase support is only automated and they could probably help reverse hacks if they really wanted too. I know my 300$ of coins were left on the account. I had 20k$ worth of coins I transferred to coinbase pro to sell for less fees. I did sell and transfer funds to bank before my phone broke. I deliberately left 300$ on coinbase, because of Doge coin 1million doge coin give away. I decided to spend 300$ on doge coin for the chance to win a prize. It was about that time before the contest ended, that my phone broke though... I think I'm going to have to pay to have the phone screen repaired in order to get those doge coins back. I'm lucky I sold the 20k$ and transferred to my bank account, because I'm fairly certain I'd have lost that money if I hadnt.. The point is, coinbase support is absolute shit. They could do so much better, but they ignore customers and solve nothing... The irony of this, is from what it seems... you can possibly just keep getting coinbase on new phones with same account and get the 30$ of free coins forever apparently. I haven't tried it, but if that's the case... you just keep getting a new phone, logging in, and doing the education for free coins... I might do that to get my doge coins replaced.

NvidiaRTX

All current NFT games have centralized databases with a fancy crypto marketplace. It literally adds nothing to the game itself except adding buzzwords to pump their tokens. For example, most NFT games can still ban you like any traditional game, so you never owned the items, just a specific item ID lol.

RockEmSockEmRabi

I do not but only bc I just moved and need to get a new ID so I can get a CB card and then I’ll be using USDC everyday

Heclalava

This is fake news. I contacted Binance about this issue as my wife's account is under her Chinese ID, they said there had been no announcement from Binance to substantiate this article.

Krebbin

Got mine just now...my name isn't Paul:-) This is the sending address: 'Order' <[sales@uniqueskillsurgical.com](mailto:sales@uniqueskillsurgical.com)\> HA! Hello Paul, As requested,we have now deposited 29.7 BTC about ($1,691,681.11 USD) into your bitcoin portfolio, Please login with the below details to confirm your BTC balance. Website: : www.coinforte .net Customer ID : 98740690 Password : hd738ost36 Thank you for investing with Coinforte

Raaaaafi

Not OP or the comment you're asking, chipping in just so people know: if using FTX, go to settings and get your ID/key. Once you're logged off or lose your access, you can enter it and your tracked coins will be visible again.

dreampsi

I got one last week. It simply says "Your coinbase account has been suspended until we can verify your identiy. Please click the button below to log in and upload your ID for verification puposes" That was it. The email is all "official" looking with the cobalt blue, etc. As with a lot of these the wording and feel of the message should be an alert. If he was on the road then he probably logged in through that email and when he did, they had his login and changed his security settings. Never log in or do anything from an email. Logging in to my account normally showed there was no notifications to do any further identity verification. Reporting these emails is a waste of time, they don't do anything to try and track them down.

AcademicChemistry

call the Line you're trying to swap.. if a REAL person Picks up. then guess what. you now have a locked account and need to go provide ID DONE.

thotboss

New here - how can you tell that a one entity is investing large amounts? Are separate purchases (across different days or different buys in the same day, if that's possible) aggregate based on IP address or buyer ID? Without knowing anything I'd imagine it'd be in the best interest of pumpers to try to mask their antics to avoid clueing in watchers.

tookthisusersoucant

If people are able to access their wallets after someone already claimed the $30, how can anyone trust that someone else can't access their wallet with their government ID and another phone number and steal the funds? This sounds worse than just "I lost $30".

DifficultCapital146

This is true. Not recommending SMS over Google authenticator but If you have to use SMS as 2FA, you should call you provider and ask to add a pin to your account. Every time anyone calls the provider, they need to provide the pin before the rep can access your account. The only way to reset the pin is by physically showing your ID at a store.

Delicious_Recover270

The only problem with that is uphold which manages the payment to users has a history of being sketchy and you have to provide ID and social security for the app. Like I closed my account and now even if I wanted to get a new one they told me I’m not able to open one anymore. So I think if they fixed that it would be more valuable. Another problem is that most YouTube creators aren’t on the BAT platform. Lastly it would be cool if search providers like Ekoru or Ecosia could be provided BAT. TLDR: Uphold is a sketchy company. BAT needs wider mainstream adoption.

bigloko_supreme

using the bitcoin i bought in 2012 for drugs and a fake ID

dado3

First, it's been more a matter of years, but the last couple of months has been more in the public eye. Aside from the Ethiopia deal onboarding 5 million students for digital ID, they're also working with World Mobile to set up solar powered cell towers in places where they have no internet/cell service (connected the unconnected). Project Catalyst has funded several local projects building on and educating people about Cardano. They're also partnering with EBU of Luxembourg to provide Plutus and Haskell training to African students so they can create their own dapps. That's the stuff I remember off the top of my head.

f91w593

Let's say for some reason I'm able to know your social security number and can do to you tons of damage in the states? I can Open Financial Accounts, Get Medical Care, File a Fraudulent Tax Refund, Commit Crimes, Steal Your Benefits and more here with your ID (DUI) people can't do that yeah if they had your ID number (DUI) they could have claim those $30 bucks on BTC on the wallet but they can't actually steal your identity. If someone did claim those $30 believe me they're going to be in hell. Maybe you think el Salvador is a shithole country but if im doing something illegal let's say selling drugs and they have my phone dude I'm screw the authorities will withdraw all the information you have there, phone companies also turn over your data to the government if a judge or an authority with a on going investigation required them to. I know all of this cause I've represented people in court here.

eqleriq

el salvador's poorest benefitted from bitcoin because they gave away $30 of bitcoin for downloading and registering their ID/phone with Chivo

Awhodothey

Brave doesn't leak an ID to websites you visit. It would be impossible to stop sites from tracking you if they did that. You leak your "ID" if you don't use a VPN, accept cookies, are one of the only people with a specific extensions installed on a specific BROWSER (which is why a browser should have as much of this installed as default settings as normal users can stand) on a specific OS with a specific screen resolution, or... KYC TO USE BINANCE.

dajohns1420

PirateChain(arrr) is the most anonymous and secure crypto in existence. Every transaction sheilded with ZK-snarks. The dev team.is constantly putting out work. Most recently wrapped PirateChain(wARRR) on pancake swap for staking liquidity, and for a private on/off ramp to BSC. The same for ethereum will be next. They also released piratelife dot casino recently. It has sevea card games, roulette, slots, and more coming out regularly. You always have control of your keys, and funds unlike sketchy crypto casinos. You need no ID to play with an anonymous account that just uses a password and seed phrase for backup. They have also developed arrr to used by merchants easily and efficiently with arrrmada, something other privacy coins have lagged on. They have a meeting weekly on discord as well where anyone can ask devs anything. Plus it's delegated proof of work meaning it's broadcast to.its own blockchain, plus komodos chain, and litecoins chain. So in order to commit a 51% attack, one would need 51% of all 3 networks. This makes it one of the most secure crypyos ever. PirateChain has am anonymity set of over 400k that grows with every tx. The highest in the industry by many many magnitudes. My favorite projects because it does not compromise on privacy, and they are staying active developing it. No pre-mine, no ico, no dev or makeshift fund. Developed like bitcoin. Website is pirate dot black check it out

xSciFix

No reputable exchange is going to freeze you out over thousands. Millions might earn you some ID verification and phone calls but you'll be able to get it from a real exchange.

nicoznico

I haven’t looked into. But Digital ID, infrastructure and NFTS are all key capabilities of Cardano.

spicolispizza

They have plans to do a lot, digital ID, infrastructure, NFTS. https://www.lukso.network/ Have a look at the team and the advisors and you'll notice there's a lot of big names there.

f91w593

Im from El Salvador look there's no identity theft here what happens since forever every fuckin government agency even corporation want a copy of your ID anyone who has a copy of that could register your account but here's the catch to create a account you need a cellphone number to get a cellphone you need a sim and that sim is linked to your ID so if someone register for you the government just require the phone company to hand over the Records of the people who did it they can even know where they live to pick em up. Sure the app was rushed had bugs in the beginning but this is just FUD people are using BTC and the wallet.

mhmughees

Recent Thoughts bitify gift cards ? Are they legal ? Now that bitify asks buyers for their ID, is it safe to assume that these gift cards are not stolen good ?

teosocrates

Coinbase wallet has a 12 word seed phrase HOWEVER when you sign up they recommend Touch ID, and do t prompt you to actually get your seed phrase, so in the event you get logged out and Touch ID doesn’t work, you’re screwed out of all your funds forever, which yes I’m still salty about as this just happened to me.

CamoKilla223

not my regret, but my friend used 100 BTC to buy a fake ID

migu3333l

Banks here have apps but having a bank account is not a thing here. The banks have many requirements and the Chivo wallet just requires de National ID. Also how banks work is not know by the people here, plus that the bank system in our country was not made for the lower class, it has higher fees than in developed countries and abusive systems, even there are cases when the bank charges you for having an account. When Bitcoin rised it's price in the recent days, many people here got interested in investing and knowing or studying how Bitcoin works.