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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.

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Discussion

Luxas 1y ago

Do they accept gift cards?

stl1988 1y ago

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

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.

Keel 1y ago

Check out Bittr too. I think they still have a "Soft KYC" procedure for buying Bitcoin.

http://getbittr.com

Bittr 🐷💰 1y ago

Yes, can confirm. Still "Soft KYC" or "KYC Light".

ede3d957... 1y ago

Is there something like a soft kill?

KYCNOT.ME 1y ago 💬 4

I find Soft-KYC equally harmful as KYC, if not more so, since it may give a false sense of security to inexperienced users. Although not as direct as traditional KYC, data points such as bank accounts, credit cards or phone numbers can still be used to trace a user's identity, often with minimal effort by authorities or determined third parties.

Thank you for for all your comments. I will maintain the decision not to list such services.

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