Bitmex Goes KYC

And in this case they want a lot of things, including where you got your money from and are you leet or nub trader with the exchange stating:

“The User Verification Programme will require individual users to go through a four step process…

Individual users will be prompted to upload a photo ID and proof of address, take a selfie, as well as answer a few multiple choice questions about source of funds and trading experience.” Also dik pik is required.

“Corporate accounts will continue to go through the existing verification process, with our team ready to guide them through as quickly and efficiently as possible.”

This is the latest exchange to require people’s home address for some reason, cutting off many countries where they don’t have postal addresses.

Nowadays however there’s all the defi exchanges where people can derivatives gamble all they want without risking their home address becoming public through some hack.

There was one just recently with some 10,000 home addresses revealed in a worrying event for those affected.

Names is arguably too much, but fine. Income, ok whatever. Home address however? That’s going too far especially as if they are of that sort it can probably very easily be faked, but for many honest men and women (vagina pik here) this home address requirement might make them feel a bit naked.

Well, temporarily presumably because the only plus Bitmex has over defi is liquidity, although fees are getting very high on eth currently so there is that ongoing scalability problem which can be addressed through contract scaling.