The best data policy is to collect no data at all.
Personal information of Coinbase users was stolen in order to scam them.
Use Bitcoin peer to peer or use non KYC exchanges like robosats, bisq and others.
Discussion
This could end up really bad when btc pumps
I fully agree. Unfortunately it's usually the path a newcomer takes when buying his/her first bitcoin.
There are even more risks involved when buying from an exchange that requires you to verify yourself:
https://obtaining-selling-bitcoin.netlify.app/#why-move-bitcoin-from-crypto-exchange
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Welp, this is my calling sign to stop using Coinbase.
Don't hurt me guys. I am still new to btc. ๐
Yeah, I will keep CB as a back up Visa card. Inevitable while traveling my C.C visa gets lost in an ATM or compromised.
Why do they keep copies of passports after verification? ๐คจ
Why do overseas customer support agents have access to passport copies? ๐คจ
Is is possible to set up an exchange dex on Nostr? Maybe there is one. Of course it could never connect to a tradfi bank. It is a a dilemma. This too will be solved.
Which payment method is private for these p2p exchanges? If users pay with Revolut they reveal their real name. Both recipient and sender.
The most private is cash of course. Find a meetup, find people IRL. Or earning BTC. No KYC involved there.
That is why nostr is the futr