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why kycnot.me?
Cryptocurrencies were created to revolutionize the way we pay for goods and services, aiming to eliminate reliance on centralized entities such as banks and governments that control our economy.
Exchanges that enforce KYC (Know Your Customer) operate similarly to traditional banks. Users are required to provide identification, such as a photo of their ID, to use these exchanges. Moreover, most of these exchanges are centralized, meaning that users do not own their keys. In short, this implies that the cryptocurrencies belong to the exchange and not the user. These requirements go against the decentralized and self-sovereign nature of cryptocurrencies.
With KYCNOT.ME, I hope to provide people with trustworthy alternatives for buying, exchanging, trading, and using cryptocurrencies without having to disclose their identity, thus preserving the right to privacy. I want to help preserve the original ethos of cryptocurrencies.
what is kyc?
KYC stands for "Know Your Customer", a process designed to protect financial institutions against fraud, corruption, money laundering and terrorist financing. Or at least this is what they want you to believe.
The truth is that KYC is a direct attack on our privacy and puts us in disadvantage against the governments. True criminals don't care about KYC policies. True criminals know perfectly how to avoid such policies. In fact, they normally use the FIAT system and don't even need to use cryptocurrencies. Banks are the biggest money launders, the HSBC scandal, Nordea or Swedbank are just some examples.
Chainalysis found that only 0.34%!o(MISSING)f the transaction volume with cryptocurrencies in 2023 was attributable to criminal activity. Bitcoin's share of this is significantly lower with 25%! (MISSING)Illicit transactions with Euros accounted for 1%!o(MISSING)f the EU's GDP or €110 billion in 2010. [1] [2]
KYC only affects small individuals like you and me. It is an annoying procedure that forces us to hand our personal information to a third party in order to buy, use or unlock our funds. We should start boycotting companies that enforce such practices. We should start using cryptocurrencies as they were intended to be used: without barriers.
why only btc and xmr?
Bitcoin: it's the initial spark of the decentralized money. A solid project with a strong community. It is the most well-known and widespread cryptocurrency.
Monero: if digital cash was to exist, it should be like Monero. Fungible, private by design, fast and pretty low fees. Also, one of the oldest cryptocurrencies around with a very active community.
No other currencies will be added. Most sites listed here also accept other cryptocurrencies, such as Ethereum or Litecoin.
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Jack Onion
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