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22 sats \ 3 replies \ @orthzar 26 Aug 2023 \ parent \ on: Should I mix my KYC-bought Bitcoin? bitcoin
Do any exchanges actually verify the information you give them?
If they don't have access to government ID databases, it's impossible to verify any information. Even ID cards can be faked.
Correct. I have a friend who did this. Avoid the ones that require selfies.
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Correct. I have a friend who did this.
I would expect that to change once the government asks for KYC info for an important case and the info turns out to be faked. Perhaps the US government would require every exchange to use an API to verify IDs.
Avoid the ones that require selfies.
Those could probably be faked via AI/social media and Photoshop/GIMP.
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I think at that point it's simply easier to move to Bisq or Robosats
Faking selfies already requires more than just Photoshop. Some exchanges ask for live verification so something like a deep fake video generator is necessary.
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