• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

Bitmex Goes KYC

15/08/2020 14:27
Comments Off on Bitmex Goes KYC
Bitmex abstract

Bitmex has announced all users will have to go through dik pik screening starting in two weeks with the derivatives exchange stating:

“We will be launching our User Verification Programme at 00:00 UTC on 28 August 2020, where all customers will be asked to complete ID checks within the next 6 months.”

The exchange says “user identity verification is increasingly expected in order to meet evolving international regulatory standards.”

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.

Comments

Related Posts

Crypto art

Can Ethereum’s Variable Tokenomics Address Inflation?

MicroStrategy HQ

MicroStrategy Increased Bitcoin Holdings

BlackRock ETF Tokenized on Uniswap

Nationwide Restricts Payments to Binance

Load More
  • Trending
  • Comments
  • Latest
Backed Finance tokenizing stocks, Feb 2023

BlackRock ETF Tokenized on Uniswap

HSBC's HQ at Canary Wharf in London

HSBC Looks to Expand to Crypto

Fed's balance sheet, Jan 2023

Fed Burns Half a Trillion

Investors cash levels reach all time high, Jan 2023

Investors Are Sitting on $5 Trillion

Crypto art

Can Ethereum’s Variable Tokenomics Address Inflation?

MicroStrategy HQ

MicroStrategy Increased Bitcoin Holdings

Backed Finance tokenizing stocks, Feb 2023

BlackRock ETF Tokenized on Uniswap

A Nationwide bank branch

Nationwide Restricts Payments to Binance

Comments

Latest News

  • Can Ethereum’s Variable Tokenomics Address Inflation?
  • MicroStrategy Increased Bitcoin Holdings
  • BlackRock ETF Tokenized on Uniswap

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

(You have to be a paid subscriber)

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2023. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?