Nostr Web Client

Should services like relai.app and dfx.swiss be listed on kycnot.me?

These services allow users to buy/sell cryptocurrencies for fiat (card/transfer) without KYC under certain limits. However, using a bank account (or card) is considered "soft KYC":

While the service doesn't require a formal KYC process, the bank account used for fiat transfers is typically linked to the user's identity. This allows the bank and the provider to potentially identify the user if needed.

If listed a warning would be displayed informing the user about this issue. Also, a new attribute for services would be set up to reflect this.

stl1988 1y ago 💬 2

relai now has full kyc, so don't list it.

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Discussion

KYCNOT.ME 1y ago

Thank you for the heads up. I have not reviewed Relai for some time. Either way, with this post, I'm not referring to those two services in particular, but to this kind of "soft-KYC" services, where there is no formal KYC, but the identification is implicit in the interaction with the service.

I want to ask the community, since I have never listed any of these services yet I've been asked many times to do so. Of course, if any were to be listed, they would have low scores, a new "soft-KYC" attribute, and maybe a warning. For now, I am still leaning towards not listing them.

Keel 1y ago

It depends how you define non-KYC, obviously. If you allow some "softness", then services like Bittr or Relai could be listed.