Screw DAN.com (Wtf these demands??)

[Coindoji]

Hey,
I've sold a name on DNWE (processed through DAN.com), and this is what I received :

Hi there,

If you wish to receive a BTC payout we will need you to send the below details to [email protected]:

- A copy of a Government-issued ID/Passport

- A recent utility bill which confirms your address

An image of you holding your ID/Passport

Mention the domain name of your sale and your own name in the title of the email.

Do note that you will only have to perform this verification once, so we won’t bother you with this again.

Please notify us once you’ve sent the details.

Thank you!




I've selected Bitcoin payout FOR EXACTLY THESE REASONS - TO KEEP PRIVACY. I would understand the request if it was a bank payment, but I've selected cryptocurrency exactly to avoid dealing with this crap.

This is freaking ridiculous... Isn't it?

 

[Tudor V]

Pretty much any registered company that work with cryptocurrencies have am AML/KYC procedure these days, usually because the country's government is taxing the transactions, also if we involve an escrow service, then the company that process the transaction can be hold accountable in an eventual law suit if a domain is purchased with stolen / laundered cryptocurrency. Is very similar with the banks & cash imo, but your point on the privacy thing is still valid mostly for peer-to-peer transactions. Correct me if I'm wrong on this.

 

[NickB]

Pretty much any registered company that work with cryptocurrencies have am AML/KYC procedure these days, usually because the country's government is taxing the transactions, also if we involve an escrow service, then the company that process the transaction can be hold accountable in an eventual law suit if a domain is purchased with stolen / laundered cryptocurrency. Is very similar with the banks & cash imo, but your point on the privacy thing is still valid mostly for peer-to-peer transactions. Correct me if I'm wrong on this.

Yeah, especially after the Panama papers & FinCen files I think companies are going to be even more careful going forwards to make sure their backsides are covered....

 

[Coindoji]

I’ve sold directly through escrow, sedo and afternic - they ask none of this shit.

 

[NickB]

I’ve sold directly through escrow, sedo and afternic - they ask none of this shit.

Afternic & Sedo don't offer Crypto payments though?

 

[Samer]

Let’s @ the owner of DNWE.com
@Josh R, and @DAN.COM

Good luck.

 

[Samer]

Afternic & Sedo don't offer Crypto payments though?

Neither does Escrow.com

Just saying..

 

[NickB]

Neither does Escrow.com

Just saying..

 

[YairDD]

This is weird, I've sold a domain a few weeks ago on DAN and received a Bitcoin payment and they did not ask me for this.

 

[Samer]

This is weird, I've sold a domain a few weeks ago on DAN and received a Bitcoin payment and they did not ask me for this.

Now we’re getting somewhere;
Could it be possible @Coindoji flagged?

It kills the whole purpose of “anonymity”
Require this extra verification new accounts?

 

[gilescoley]

Too many scams involving Crypto/BTC etc

 

[MapleDots]

I’ve sold directly through escrow, sedo and afternic - they ask none of this shit.

I can only assume this will change soon, in Canada the tax code has changed to specifically mention crypto payments. Businesses have to report the transaction just like every other transaction but crypto goes one step further whereas the government will want to be notified for each transaction to assure taxes have been paid.

The only way to get around that now is private transactions or companies that are kind of in a shady grey area where they don't report profits to the government.

Like I said, this is for Canada, I know the IRS is just as eager to tax so I would presume if a similar system is not in place it probably soon will be.

 

[Coindoji]

Now we’re getting somewhere;
Could it be possible @Coindoji flagged?

It kills the whole purpose of “anonymity”
Require this extra verification new accounts?

Too many scams involving Crypto/BTC etc

Scams of what?

I sold the name on DNWE, and I'm a member of DAN for 7+ months.



p.s. Have I ever said about crypto+SEDO/Afternic? No, I don't care how to receive my payments - bank, card, or crypto, but since they offer this option I thought it would be a nice way to keep myself 'somewhat' anonymous - they still have my IP, MAC, cookies and whatever.

 

[pb]

There is no such thing as selling a domain anonymously.

 

[Coindoji]

You really need to learn reading first before posting anything.
The deal is receiving payment not selling domain, let alone the entire issue is that they offer crypto yet they require ridiculous amount of info to use this method.

more-so, they don’t require anything to get paid to my bank account but they want a shit ton of info if I ask for crypto withdrawal.

 

[pb]

You really need to learn reading first before posting anything.

"I've selected Bitcoin payout FOR EXACTLY THESE REASONS - TO KEEP PRIVACY."

I possess the ability of reading, thank you very much. You wanted "privacy", there is no such thing in transactions, you can keep your details private from the buyer but not from the broker / escrow agent. They have to adhere to a lot of different laws, *especially* when dealing with cryptocurrencies.

 

[johnn]

I guess if you look handsome then they don't ask too much.
I just sent them my picture and they did not ask me anything.

 

[wot]

I guess if you look handsome then they don't ask too much.
I just sent them my picture and they did not ask me anything.

Probably scared them in to compliance!

 

[MapleDots]

I guess if you look handsome then they don't ask too much.
I just sent them my picture and they did not ask me anything.

And it looks like you've aged a bit since your Johnny Depp days

I have to say I prefer the current avatar if it is truly you.

 

[gilescoley]

Scams of what?

Loads of scams involving bitcoin and other cryptocurrencies, just google it and you'll see. This is why all this painful verificatinon is required...and not every registrar will have the same level of verification

Scams involving domains as well. Search this forum for more info.