4 ms·
Even in a developed country (UK), the KYC is so **ing annoying to use on most websites I have tried. Several times I have wasted an hour waving my passport in f
by anonymousDan 4y ago
Even in a developed country (UK), the KYC is so **ing annoying to use on most websites I have tried. Several times I have wasted an hour waving my passport in front of some poorly implemented image recognition page that failed to capture a photo and I just gave up. Would love if there was a flourishing ecosystem of local transfers without KYC. I wouldn't even mind if banks started providing physical KYC services. Maybe there is an opportunity for a company that focuses on providing KYC as a service such that you can just point each crypto exchange/custodian to that.
- ploppyploppy 4y agoJust did KYC for the Gemini app on my phone walking the corridors between the gym and the sauna at my local leisure centre. How are you having so much trouble?
- stef25 4y agoIt was a nightmare on Coinbase back in the day. I signed up with "Joe Sixpack" but my ID card had my full name "Joe Andrew Thomas Sixpack" - KYC check fails.
- WelcomeShorty 4y agoSame here. They require real mail (ISP, water, gas bill) with the identical name on it as on my ID. That does not happen, no one sends me bills with my full name, just first and last. No Coinbase for me.
- gotorazor 4y agoThat's exactly how airline tickets work. You can't board a plane if the ticketed name don't match your ID name in full.
- anonymousDan 4y agoNot sure, from memory one issue is my passport is from a different country than where I live. Several sites just could no handle this. Or maybe I just have a weird face :)
- boring_twenties 4y agoIt's been a while, but when I tried to verify a Gemini account it insisted that I wire USD to them for that purpose. Are they still doing that?
- seanw444 4y agoGovernments believe that's a feature, not a bug. Add so much friction to the process that people keep using state-issued currency.