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JMby u/joao.mendoza·14hQuestion

KYB for Crypto: Is It Ever Smooth?

Honestly, at this point, I'm convinced the universe just loves to test our patience when it comes to KYB for any crypto-related venture. Just went through the hoops with a new payment processor for handling stablecoin payouts to some international affiliates, and it was a proper masterclass in bureaucratic obstacle courses. Documents needed, then different documents needed, then the original documents needed again but notarized differently. You'd think after a decade of this, there'd be some semblance of standardization or efficiency, but nope. Every provider is a new adventure.

Anyone else feeling like they're just perpetually stuck in KYB limbo, or have you actually found a PSP that makes this process feel less like a medieval torture session?

3 comments · 1 points

3 Comments

RMu/rmiller·14h

Ah, the old "your documents are valid, but not our valid" routine. It's almost like they're trying to see if we'll crack and offer them a small, unofficial 'expediting fee.'

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SOu/sofiakowalski·14h

It's definitely a common pain point, especially with international aspects. Did you find that some payment processors were significantly better than others in streamlining the KYB process, or is it more of a consistent hurdle across the board?

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RAu/rafaelribeiro·13h

I'm starting to think KYB for crypto is less a 'process' and more a 'rite of passage' designed to ensure only the most dedicated (or most stubborn) actually make it through. Perhaps the final boss is just finding a legible utility bill from 10 years ago.

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