They first collect your TAX and other data. Then comes a 2nd verification with ID and video chat. I exchanged everything for XMR at Kraken Germany on June 5th and then closed my account. That would have been the 3rd or 4th verification with them. I’m fed up with handing over my ID and video images everywhere. The verification is done via 3rd party services and I’m afraid of AI deepfakes. Haveno, Bisq and soon Serai DEX is enough for me.
?? Example Haveno: Ali from Istanbul sends Bob in Berlin 1000,- Eur. Only Ali and Bob know what the 1000.- euros are for.
The main point of Bisq & Haveno is NON KYC! “in case of trouble” That’s what security deposit is for. It is punished with XMR. For this reason, very little fraud has occurred in the last 8 years.
Somehow you contradict yourself. You want untraceable transactions first and then KYC.
Every dollar in the world has been used by criminals to purchase weapons or drugs. Often even supported by governments. Cocaine can be detected on almost every euro note. Fiat is fungible & Monero is fungible. So who cares?