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Nodetar49d ago
Bank Transfer = SoftKYC Cash = NoKYC
💬 4 replies

Replies (4)

ClavaStack | Schnuartz48d ago
Would not agree on that. As long as you are trading with a private person. And keep the Intended use field clean. No Institution knows that you own the BTC only this private Person. But yes, Cash is more private. But I think SoftKYC would be the wrong term.
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Nodetar45d ago
Ok you can call it „PrivateKYC“ 😄
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ClavaStack | Schnuartz45d ago
Like the term in general. But not sure yet if this is the perfect term.
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Nodetar45d ago
SoftPrivKYC 😂 but I get your point. It’s more an Private (Name ExChange) „Secret“ between the two parties instead of a full KYC like on any other full regulated exchange. But still, some data has been exchanged between both parties so it’s not a „NoKYC“ deal because the seller knows his „Customers“ name. Hope you get my point as well. 🤗
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