Would you trade ?

[Kate]

Heya stakers , 

So i want to ask like all of you or mostly traders that if you would trade on a website that has KYC ? 

Personally , I wouldn't since its not safe at all for another random stranger to have my details since the owner could like go bad or change his behaviour and do something mean like sell those informations ? Maybe i aint sure but my answer would be no 

What would your's be and why ? 

[allisonn]

Selling info is one thing but shouldn't you be more concerned about the security of your btc to start with 

KYC is usually forced on companies, feels like backwards logic to argue a site is less trustworthy because they don't have KYC.

[Kate]

27 minutes ago, allisonn said:

Selling info is one thing but shouldn't you be more concerned about the security of your btc to start with 

KYC is usually forced on companies, feels like backwards logic to argue a site is less trustworthy because they don't have KYC.

Site is more trustworthy if it runs for a long period of time with no problem

[Kargai]

If you want to trade "safely" with your money you want a trustworthy exchange platform. Most of the countries nowadays have laws asking the exchanges to have a KYC process. So having the KYC mean the exchange is legit according to their country laws. It's a good thing.

If an exchange don't ask a KYC that mean they are not totally legal, they are in countries with no crypto laws or they try to wait until the very end to not follow the laws. In all those cases it's not an exchange i would trust with my money.