submitted 2 weeks ago* (last edited 2 weeks ago) by Vitaly@feddit.uk to c/crypto@lemmy.ml

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I want to invest in some crypto, I know that this requieres ID verification usually. Is https://www.kraken.com/ a good website for investing? Because I don't really want to send my ID to some dudes on the internet. Thank you

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[-] demesisx@infosec.pub 6 points 2 weeks ago

They’re pretty sketchy.

[-] Vitaly@feddit.uk 1 points 2 weeks ago

Why?

[-] demesisx@infosec.pub 6 points 2 weeks ago

Look it up.

[-] Vitaly@feddit.uk 2 points 2 weeks ago

Can you send me the source please?

[-] pythia@lemmy.dbzer0.com 3 points 2 weeks ago

Just a side-note: That ID requirement is because of the "Know-Your-Customer" thing. A helpful user pointed me to this site -> https://kycnot.me/ Helped me to quit Coinbase and own my own keys/coins on Electrum.

[-] Vitaly@feddit.uk 3 points 2 weeks ago

Thanks, how are the fees in bisq compared to coinbase and other centralized services?

[-] pythia@lemmy.dbzer0.com 1 points 2 weeks ago

can't tell you about Bisq. That looked complicated af ^^ I've used EXCH and for swapping 100 $ ETH to BTC the gas was 0.96 $ a few weeks ago...

[-] shaserlark@sh.itjust.works 2 points 2 weeks ago

They are as alright as a centralized exchange can be, getting more and more corporate tho, it’s not the same company it was 5 years ago anymore. But they’re still very close to the community, they aren’t a big fan of KYC themselves but they have to do it. If you want to avoid that better go with decentralized exchanges.