What is the Meaning of Selling Crypto Exchange Verified Accounts?

[Suba]

I often read articles about selling verified crypto exchanges on various sites, both forum sites and social media such as Binance, Paxful, Kraken, Coinbase, Kucoin, Nexo, etc. Of course, for buyers, the account cannot be used for the long term, so only for a short time, while for sellers there will certainly be legal risks if the crypto exchange account is used by the buyer for crimes such as selling hacked crypto, money laundering, etc. So what do you think about buying and selling verified crypto exchange accounts?

 

[Starmix]

To be honest with you, I do not have any idea about it. I am not expert on crypto thing. In my own opinion, a crypto of someone else cannot be sold if have not passed the verification process the time it was bought.

 

[Suba]

To be honest with you, I do not have any idea about it. I am not expert on crypto thing. In my own opinion, a crypto of someone else cannot be sold if have not passed the verification process the time it was bought.

I never had any bad intentions so I'm not interested in buying someone else's account that will only be used temporarily, it's better for me to create my own account, using my real name and identity.

 

[Stardom22]

For sure l have never ventured on that kind of gigs. However that is something that l hear of very oftenly.

 

[Fidelia]

I think that people who can't get their accounts verified for one reason or the other are the ones that have to buy verified accounts. They can actually use those verified accounts for a long time if they so desire.

 

[Starmix]

I never had any bad intentions so I'm not interested in buying someone else's account that will only be used temporarily, it's better for me to create my own account, using my real name and identity.

OMG, it is better to se your own account. That was not intentional though. Who would nw that it was a scaM

 

[kerryjoy]

I've never ventured into that type of gig myself, but I hear about it quite often.

 

[Nomad]

I was not aware that people are selling verified accounts on exchanges. I don't think it is necessary to buy as you can easily verify accounts

 

[riberet19]

I was not aware that people are selling verified accounts on exchanges. I don't think it is necessary to buy as you can easily verify accounts

Basically this is done so that you can "launder" money without it being related to your name, at least that's what I think.

 

[Nomad]

Basically this is done so that you can "launder" money without it being related to your name, at least that's what I think.

Aha, I just forget that people are also using crypto for money laundering and finding criminal activities. Thanks for bringing this to my attention.

 

[King Belieal]

I don't know the motive but people actively buy and sell verified crypto exchange accounts. Maybe, some people might not have the documents to verify and would rather buy a verified account.