LBC ID - The unofficial guide...

So… you have had since the March 25th 2019 to sort out your sh*t ….. but you waited till now….

Here is the best guide I could come up with regrading ID verification on Localbitcoins. You will see this response cut n paste to the numerous requests (apologies in advance for the stalwarts here)

First thing first.

Do not blame support, do not blame Localbitcoins, Do not blame any individual (me included) the entity to blame for the ID and Regulation that is now mandatory is the European Union who (along with all member states) require that AML (Anti Money Laudering) and KYC (Know Your Customer) is enforced. LBC reside in Finland so have to follow Finnish AND EU Law – or they close. (There is no grey area here)

Ref – Blog Post “AML regulation and new features update”

On Wednesday 13th March 2019, the Finnish Parliament has voted and approved a proposal for a new Act on Virtual Currency Service Providers and an amendment to the Act on Detecting and Preventing Money Laundering and Terrorist Financing ("AML law") that will bring virtual currency services (i.e. custodian wallet providers and exchanges) like LocalBitcoins under the AML law supervised by the Financial Supervisory Authority of Finland. The Virtual Currency Service Providers Act will come into full effect in the beginning of November 2019 creating a legal status for crypto assets, which should improve significantly Bitcoin’s standing as a viable and legit financial network.

Ref - https://ec.europa.eu/info/policies/justice-and-fundamental-rights/criminal-justice/anti-money-laundering-and-counter-terrorist-financing_en

Ref - http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32015L0849

So everyone was told in March 2019 this was coming into effect. In order for this to be achieved LBC have on boarded a known third party to carry out ID verification for them.

From LBC blog entry - “ https://localbitcoins.com/blog/tier-verification-deadline-extended/ “

And the company used is https://onfido.com/

So what does this mean …

LBC do not have the responsibility of checking and storing YOUR private credentials, they will get a response from Onfido regrading the validity of both your documentation and “Risk” you pose, this risk will then be combined with the data LBC hold on you which may (MAY and I did not say DOES) include previous bitcoin addresses used … people and accounts you have dealt with, information entered into trade chats, previous disputes AND third party validators .. that will “score” your risk - this is a standard operating procedure for any company in the EU that even has a hint of touching anything to do with FIAT ( Cash, mullah, dough, shekels, whatever you call real money ) all of which you must agree to … as per the privacy policy ( https://localbitcoins.com/privacy_policy/ ) and Terms of Service (TOS) ( https://localbitcoins.com/terms_of_service/ ) which by the way you have already agreed to in order to use LBC. Also bear in mind that blockchain analytics's and tracing is required for exchanges like LBC / Paxful / etc ( In order to comply with the EU directive ) and this comes from companies such as https://www.chainalysis.com/ and https://www.elliptic.co/ and unless you understand “Taint” or exploring bitcoin SHA256 wallets I will not bore you further…. In fact DO NOT get me started on taint …..

Lovely story TheBitcoinKing, but lets get on to how to help …

First off …

Personal and Company verification are different.

Personal.

Take note of the limits and criteria required depending on your trade volume available - https://localbitcoins.com/blog/id-verification-update/

Complete the tiers ( https://localbitcoins.com/settings/verification/ ) as far as you can

DO NOT USE iOS or Safari .. these seem to break the “Liveness test” and will give spurious errors

Make sure your ID is listed under https://onfido.com/supported-documents/

Make sure (When you take any pictures of your ID) they are high resolution and without glare and fit the frame, do not cut corners, do not use low resolution.

If you hit problems try again, using different ID if possible.

All else fails raise ONE 1 UNO 0 +1 the number below 2 support ticket.

You then go into the Q

Await a response. Updating, raising a new ticket, adding to the existing ticket simple resets your position to the back of the Q. Recently a test was done and it was worked out that LBC receive a new support ticket every minute of every day …. ( 60 x 24 = 1440 daily ) Now if only 10% of those are disputes … that require checking documents, responding etc … let say 30 mins …. you can quickly see the explosion of tickets can easily overwhelm support .. new people require training, vetting and checking thoroughly ( you do want vetted people looking after you hard earnt coins? )

LBC do not operate a live chat, telephone, email, twitter, reddit, IRC, telegram response or chat facility to support tickets. They have 1 Q and concentrate on that – opening other channels would create 2 Q’s more work and a slower response time. No one can “speed up” or otherwise nudge along your inquiry …

Deal with support in a prompt, timely and courteous manner. They are jusy the same as me and you and you pee them off .. well it is up to them how long you wait. And last but not least .. LBC is a privately owned company and they get to decide who they deal with. Pee off LBC and you will be banned and it is YOU banned not the account. No likey? Well you know where the door is … trust me the volume will NOT take a hit and we will not miss you.

And finally .. when the price goes up and you have hodled your precious you will be glad that the regulation, and LEGISLATION of bitcoin was enforced … however painful times are now.

( PS – UK Trader? - Jan 2019 you owe the FCA £5000 - https://www.fca.org.uk/firms/financial-crime/cryptoassets-aml-ctf-regime )

I thank you … + Peace + Love McV

[uncensored-r/BitcoinMarkets] [Daily Discussion] Friday, November 08, 2019

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---

Thread topics include, but are not limited to:

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Other ways to interact:

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[uncensored-r/Bitcoin] Binance Verification: Find out what you need

The following post by joepile is being replicated because the post has been silently removed.

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---

Thought some people would appreciate more details on what exactly is required of them to sign up and get verified on Binance US.

There's 3 levels of verification, each step unlocking new features and higher limits upon completion. For Fiat features you will need to complete all 3 levels.

Level 1 — Basic Verification enables users to Trade Crypto-crypto pairs, Deposit & withdraw crypto with a daily withdrawal limit of up to $5,000 USD.

Level 2 — Advanced Verification enables higher daily crypto withdrawal limits of up to $1,000,000 USD.

Level 3 — Fiat Account Verification enables users to Deposit and withdraw USD and Trade fiat-crypto pairs

Here's the list of things required for each level:

Level 1 - First and Last Name, Gender, DOB, Social Security Number, Address

Level 2 - Phone Number for SMS Verification, Photo ID (Passport/Identity Card or Driver’s License), and Selfie

Level 3 - Answers to a Questionnaire (Purpose of Account, Source of Income, Association with Prime Trust, Anticipated Volume Fiat Deposits & Withdrawals, Anticipated Number of Fiat Deposits & Withdrawals)

For a step-by-step guide with pictures, I put together: Link

[Daily Discussion] Friday, November 08, 2019

Thread topics include, but are not limited to:

• General discussion related to the day's events
• Technical analysis, trading ideas & strategies
• Quick questions that do not warrant a separate post

Thread guidelines:

• Be excellent to each other.
• Do not make posts outside of the daily thread for the topics mentioned above.

Other ways to interact:

• Get an invite to live chat on our Slack group
• Set your flair to trade pretend money in the Flair Game
• Weekly threads: Newbie Mondays and Fundamentals Fridays
• Altcoins Discussion: Altcoin Discussion

[Altcoin Discussion] Friday, November 08, 2019

Thread topics include, but are not limited to:

• Discussion related to recent events
• Technical analysis, trading ideas & strategies
• General questions about altcoins

Thread guidelines:

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11-08 03:03 - 'Binance Verification: Find out what you need' (self.Bitcoin) by /u/joepile removed from /r/Bitcoin within 33-43min

'''

Thought some people would appreciate more details on what exactly is required of them to sign up and get verified on Binance US.

There's 3 levels of verification, each step unlocking new features and higher limits upon completion. For Fiat features you will need to complete all 3 levels.

Level 1 — Basic Verification enables users to Trade Crypto-crypto pairs, Deposit & withdraw crypto with a daily withdrawal limit of up to $5,000 USD.

Level 2 — Advanced Verification enables higher daily crypto withdrawal limits of up to $1,000,000 USD.

Level 3 — Fiat Account Verification enables users to Deposit and withdraw USD and Trade fiat-crypto pairs

Here's the list of things required for each level:

Level 1 - First and Last Name, Gender, DOB, Social Security Number, Address

Level 2 - Phone Number for SMS Verification, Photo ID (Passport/Identity Card or Driver’s License), and Selfie

Level 3 - Answers to a Questionnaire (Purpose of Account, Source of Income, Association with Prime Trust, Anticipated Volume Fiat Deposits & Withdrawals, Anticipated Number of Fiat Deposits & Withdrawals)

For a step-by-step guide with pictures, I put together: [Link]¹

'''

Binance Verification: Find out what you need

Go1dfish undelete link

unreddit undelete link

Author: /u/joepile

1: me*ium.com/*cr*pto*u*fett/h*w**o-registe*-ge*-*erifie*-*n-bi**nc*-us-2141*d09*5*2?***92**f*98dfe**eb455*4799032a8*78c

Unknown links are censored to prevent spreading illicit content.

[Offer] Sign up on abra app and deposit $5 (us only) - get $25 from them and 10$ FROM ME - (Confirmed payout) (super easy)

Make an account, deposit $5 After sign up and the bonus comes in after about a week, send me your paypal/venmo/square to get paid

Must follow my link: https://invite.abra.com/SuYkFhp03Z

Terms: https://www.abra.com/referral-terms-of-use/

Terms pasted:

These are the Terms and Conditions of the Referral Program operated by Plutus Financial, Inc. d/b/a Abra, which is referred to in these Terms as “Abra”, “we” or “us”.

Eligibility and Agreement. If you use our Referral Program, these Terms apply. If you do not agree to these Terms, you must not use our Referral Program. If you use our Referral Program, you agree to do so in compliance with these Terms and with applicable laws and regulations.

Changes to These Terms. We may make changes to these Terms, including when there are changes in our Referral Program, technology, regulation or for other reasons. If we do, we will provide you with notice of such changes by posting the updated Terms on our website and changing the “Last Updated” date above. Any amended Terms will become effective no earlier than 5 days after they are posted and apply prospectively to use of the Referral Program after such changes become effective, except that changes addressing new functions of the Referral Program or changes made for legal reasons will be effective immediately. Your continued use of the Referral Program following the effective date of such changes will constitute your acceptance of such changes. If you do not agree to any amended Terms, you must discontinue using the Services.

You must be 18 years of age and older. Employees of Booking Holdings Inc. and its affiliates, as well as participants (including their representatives and staff members) in the Abra Affiliate Partner Program, are excluded from participation. All Referrers must be natural persons.

You agree that Abra, in its sole discretion, may suspend or terminate your participation in the Referral Program if Abra believes that you have violated or acted inconsistently with the letter or spirit of these terms. Any suspected fraudulent, abusive or illegal activity may be grounds for termination of your participation in the Referral Program. Abra may also in its sole discretion and at any time discontinue providing the Referral Program, or any part thereof, with or without notice.

Referral Fee

Unless otherwise agreed upon, by us, in writing, you will be entitled to earn a referral fee payable in USD or Bitcoin, [as determined by Abra in our sole discretion] for each new user wallet registered through your referral link that either (i) links their Abra wallet to an approved bank account and deposits a certain minimum in funds within 90 days, as communicated by Abra to you on a campaign-by-campaign basis; (ii) deposits a certain minimum in Bitcoin (or other currency) into their Abra wallet within 90 days as communicated by Abra to you on a campaign-by-campaign basis,; or (iii) otherwise meets the conditions communicated by Abra to you on a campaign-by-campaign basis. The amount of the referral fee will be communicated to you on a campaign-by-campaign basis by Abra. Abra shall pay the referral fee to you within seven (10) business days after the occurrence of either (i) or (ii).

You are limited to twenty (20) referrals in any one calendar year. We may impose additional restrictions on the number of referrals for which you can earn a referral fee. Any such restrictions will be communicated to you on a campaign-by-campaign basis. You may not create additional wallets for purposes of earning additional referral fees.

Display of Referral Links

You will not share or publish your referral link in a manner that would be in violation of applicable anti-spam laws or where there is no reasonable basis for believing that recipients would be interested in joining the Abra platform. You will indemnify and hold Abra, its directors, officers, employees, shareholders, agents and successors harmless, from and against any claims that may arise from any unlawful forwarding or sharing of the referral link.

Additional Restrictions

You agree that you will not directly or indirectly do any of the following in connection with your participation in the Referral Program:

Infringe on our intellectual property, publicity, privacy or other rights. Violate any law, rule or regulation. Post any content that is threatening, harassing, defamatory, obscene, harmful to minors, or contains nudity, pornography or sexually explicit materials. Transmit any viruses, Trojan horses, worms, time bombs, cancelbots, or other computer programming routines that are intended to damage, interfere with, surreptitiously intercept or expropriate any system, data, or personal information. Create multiple wallets for purposes of earning Referral Fees. Advertising & Publicity

We reserve the right to review and request changes to any materials that make reference to our Referral Program in our sole discretion. In the event we request any changes, you will cooperate and fulfill any such requests in a prompt manner. If you intend to promote our Referral Program via e-mail campaigns, you must adhere to the following:

E-mails must first be submitted to us for approval prior to being sent or we must be sent a copy of the e-mail. E-mail must be sent on your behalf and must not imply that the e-mail is being sent on behalf of Abra. Abide by the CAN-SPAM Act of 2003 (Public Law No. 108-187) with respect to our Referral Program. E-mails must first be submitted to us for approval prior to being sent or we must be sent a copy of the e-mail. Social Media

Promotion on Facebook, Twitter, and other social media platforms is permitted following these general guidelines:

You ARE allowed to promote Abra to your own lists; more specifically, you are welcome to use your referral links on your own Facebook, Twitter, etc. pages. You ARE PROHIBITED from posting your referral links on Abra’s Facebook, Twitter, Pinterest, etc. company pages in an attempt to turn those links into referral fees. You ARE PROHIBITED from running paid ads with Abra’s trademarks. You ARE PROHIBITED from creating a social media account that includes Abra’s trademarks in the page name and/or username. FTC Disclosure Requirements

You must include a disclosure statement within any and all pages, blog/posts, or social media posts where referral links for our Referral Program are posted as an endorsement or review, and where it is not clear that the link is a paid advertisement. This disclosure statement should be clear and concise, stating that we are compensating you for your review or endorsement.

For more information about FTC disclosure requirements, please review the FTC’s “Dot Com Disclosures” Guidelines at http://www.ftc.gov/os/2013/03/130312dotcomdisclosures.pdf (example 21) and the FTC’s Endorsement Guidelines at http://business.ftc.gov/advertising-and-marketing/endorsements

Indemnity

You shall defend, indemnify and hold Abra harmless from all claims, damages, and expenses (including, without limitation, reasonable attorneys’ fees) relating to: (i) your acts or omissions in connection with your participation in the Referral Program; or (ii) breach of this Agreement.

Disclaimers

We make no express or implied warranties or representations with request to the Referral Program or any Abra products and services (including, without limitation, WARRANTIES OF FITNESS, MERCHANTIABILITY, NON-INFRINGEMENT, OR ANY IMPLIED WARRANTIES ARISING OUT OF COURSE OF PERFORMANCE, DEALING, OR TRADE USAGE). In addition, we make no representative that the operation of our website will be uninterrupted or error free, and we will not be liable for the consequences of any interruptions or errors, including the tracking of information concerning referred users during any period of interruption.