5min chapter

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A Bitcoiner's journey towards privacy w/ BitcoinQnA

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CHAPTER

The Risks of KYC and Cryptocurrency Exchanges

There are almost infinite risks associated with keeping up KYC info when you're buying Bitcoin or other cryptocurrencies. There's no real benefit because there's been some pretty fascinating research on how ineffective KYC email measures are in preventing fraud and other issues with cryptocurrency. The only person that loses with KYC exchanges is the little man, it's you or I who gets the information carelessly lost or hacked from one of these exchanges.

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