Yes its giving them a few things you wouldn’t give anyone else, you can btw also black out many things not necessary on your ID, they are also not storing the data for longer than necessary for the verification, at least in EU idk how they do it outside.
But tbh, i trust them regarding these things, not deeply but enough to give it to them within the given lines.
I think they might even be required to do this due to money laundering and bank safety regulations. But I’m not entirely shure about it. I just had my account locked once i transferred 10k€ to someone else (the transaction was locked for some time as well as the receivers account) i had a talk to their support obviously and they said they need to do some stuff due to these regulations (in my case money laundering laws)
norimee@lemmy.world 1 week ago
If you don’t trust their security why would you even want to use them and trust them with your money?
kinttach@lemm.ee 1 week ago
Sometimes it’s the only option or the preferred option.