Guys if You want to trade on localbitcoins Just little ammount like 30-50 $ you are going trhough some very Strong KYC. THE Question is is that really Neccessary? The other Question is how we can trust someone who collection our Information? I think this is serious subject! Instead of Checking the regular retail trader  nobody Don't check what the Exchangers are doing?  They can do what ever they want its no laws Wild West still! My Question is Why the retail trader are most checked?  You do KYC Even for small money? And You are giving ur Information to just someone who might do Something Bad with it. KYC is required by law in most jurisdictions in order to stop people from doing money laundering. If you're using an app that doesn't use assets or things that have value which can be transferred, you are most likely not required to verify with KYC. Instead, KYC helps solving certain problems such as hiding income taxes, stealing money from other people, etc. Now the problem is that some COMPANIES can use KYC for malicious purposes. For example, an attacker could run a "trusted exchange" and collect your KYC details to create an account elsewhere. If you want to trade without KYC, I may be totally wrong however I think you need to go back in the past: 2013 - 2015 is calling you baby! I doubt there are places exchanges without KYC. You can bypass KYC if you trade in person and find buyers/sellers in real life. @CristianOff, did you notice that the guy who started this thread said "....even for a tiny amount..."? Yes, even for a small amount you are required to verify your ass in & out. Well, i bet there are already losing Xsmn 3d's of their customer's. let's who is going to pay their hosting  & mainteinance fee's within the next couple of year's. Thanks Soldierwitlittlefaith
Guys if You want to trade on localbitcoins Just little ammount like 30-50 $ you are going trhough some very Strong KYC. THE Question is is that really Neccessary? The other Question is how we can trust someone who collection our Information? I think this is serious subject! Instead of Checking the regular retail trader  nobody Don't check what the Exchangers are doing?  They can do what ever they want its no laws Wild West still! My Question is Why the retail trader are most checked?  You do KYC Even for small money? And You are giving ur Information to just someone who might do Something Bad with it. KYC is required by law in most jurisdictions in order to stop people from doing money laundering. If you're using an app that doesn't use assets or things that have value which can be transferred, you are most likely not required to verify with KYC. Instead, KYC helps solving certain problems such as hiding income taxes, stealing money from other people, etc. Now the problem is that some COMPANIES can use KYC for malicious purposes. For example, an attacker could run a "trusted exchange" and collect your KYC details to create an account elsewhere. If you want to trade without KYC, I may be totally wrong however I think you need to go back in the past: 2013 - 2015 is calling you baby! I doubt there are places exchanges without KYC. You can bypass KYC if you trade in person and find buyers/sellers in real life. @CristianOff, did you notice that the guy who started this thread said "....even for a tiny amount..."? Yes, even for a small amount you are required to verify your ass in & out. Well, i bet there are already losing Xsmn 3d's of their customer's. let's who is going to pay their hosting  & mainteinance fee's within the next couple of year's. Thanks Soldierwitlittlefaith

Guys if You want to trade on localbitcoins Just little ammount like 30-50 $ you are going trhough some very Strong KYC. THE Question is is that really Neccessary? The other Question is how we can trust someone who collection our Information? I think this is serious subject! Instead of Checking the regular retail trader  nobody Don't check what the Exchangers are doing?  They can do what ever they want its no laws Wild West still! My Question is Why the retail trader are most checked?  You do KYC Even for small money? And You are giving ur Information to just someone who might do Something Bad with it. KYC is required by law in most jurisdictions in order to stop people from doing money laundering. If you're using an app that doesn't use assets or things that have value which can be transferred, you are most likely not required to verify with KYC. Instead, KYC helps solving certain problems such as hiding income taxes, stealing money from other people, etc. Now the problem is that some COMPANIES can use KYC for malicious purposes. For example, an attacker could run a "trusted exchange" and collect your KYC details to create an account elsewhere. If you want to trade without KYC, I may be totally wrong however I think you need to go back in the past: 2013 - 2015 is calling you baby! I doubt there are places exchanges without KYC. You can bypass KYC if you trade in person and find buyers/sellers in real life. @CristianOff, did you notice that the guy who started this thread said "....even for a tiny amount..."? Yes, even for a small amount you are required to verify your ass in & out. Well, i bet there are already losing Xsmn 3d's of their customer's. let's who is going to pay their hosting  & mainteinance fee's within the next couple of year's. Thanks Soldierwitlittlefaith

Guys if You want to trade on localbitcoins Just little ammount like 30-50 $ you are going trhough some very Strong KYC. THE Question is is that really Neccessary? The other Question is how we can trust someone who collection our Information? I think this is serious subject! Instead of Checking the regular retail trader  nobody Don't check what the Exchangers are doing?  They can do what ever they want its no laws Wild West still! My Question is Why the retail trader are most checked?  You do KYC Even for small money? And You are giving ur Information to just someone who might do Something Bad with it. KYC is required by law in most jurisdictions in order to stop people from doing money laundering. If you're using an app that doesn't use assets or things that have value which can be transferred, you are most likely not required to verify with KYC. Instead, KYC helps solving certain problems such as hiding income taxes, stealing money from other people, etc. Now the problem is that some COMPANIES can use KYC for malicious purposes. For example, an attacker could run a "trusted exchange" and collect your KYC details to create an account elsewhere. If you want to trade without KYC, I may be totally wrong however I think you need to go back in the past: 2013 - 2015 is calling you baby! I doubt there are places exchanges without KYC. You can bypass KYC if you trade in person and find buyers/sellers in real life. @CristianOff, did you notice that the guy who started this thread said "....even for a tiny amount..."? Yes, even for a small amount you are required to verify your ass in & out. Well, i bet there are already losing Xsmn 3d's of their customer's. let's who is going to pay their hosting  & mainteinance fee's within the next couple of year's. Thanks Soldierwitlittlefaith