"Light KYC" Means Nothing Until Someone Lists the Fields

in #cryptocard17 days ago

The marketing gap
Verification depth is used as a selling point across crypto card products, almost always without specifying what data is actually collected — making the claim unverifiable.

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What's actually collected
Per BeeXpay's published privacy policy: identity information (first and last name), email address, postal address, KYC documents (identity document, proof of address, selfie), transaction history, and technical information such as IP address and device type.

What it's used for
Account creation and management, card issuance and delivery, identity verification, fraud prevention and legal compliance, customer support, and service security. The policy states plainly that data is not sold to third parties.

The tier tradeoff
Completing full KYC reduces reload fees from 4% to 2.5% and raises limits — a decision worth making deliberately rather than defaulting into.

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