Palau Digital Residency ID: Any Use Cases?

[ucgmedia]

I didn't know it was possible to KYC with these residence card. Will give a check.

 

[jetski761]

I didn't know it was possible to KYC with these residence card. Will give a check.

It doesn't work yet if they want address verification.

 

[rodmarb2b]

I've found most places here in the USA will not take it. I can't even buy cigarettes with them half the time without arguing with them. They will take Canadian ID but they won't take Plauauian ID. They use the excuse well if we can't scan it... I called the commission and they said no we don't take that (I've tried in multiple states). Then my next favorite question is are you a us citizen why not just use your normal ID. Works good for crypto though...

You are right but I mean to use for crypto or any other open online accs in general like investment platforms (forex, options...) so you can pass KYC and they don´t inform to your real country.

And for address verification it is easy to get any document for it.

 

[jetski761]

You are right but I mean to use for crypto or any other open online accs in general like investment platforms (forex, options...) so you can pass KYC and they don´t inform to your real country.

And for address verification it is easy to get any document for it.

Is it? The id doesn't have an address and if they want it verified to photo I'd that can't happen? I haven't tried this, just read about it

 

[rodmarb2b]

Is it? The id doesn't have an address and if they want it verified to photo I'd that can't happen? I haven't tried this, just read about it

I've had it for 2 years and I was able to pass several KYCs, but I didn't renew it last year because I didn't need it. I honestly don't remember what the KYC process was like with Palau residency, but I was able to do several on several exchanges.
I'm sorry I can't give you specific data, but when I used it, it was 3 years ago and I don't remember.

 

[jetski761]

I've had it for 2 years and I was able to pass several KYCs, but I didn't renew it last year because I didn't need it. I honestly don't remember what the KYC process was like with Palau residency, but I was able to do several on several exchanges.
I'm sorry I can't give you specific data, but when I used it, it was 3 years ago and I don't remember.

That's very good to know. I didn't even bother to try but I guess now I may try with it. I just got the email that my renewed one has shipped.

 

[mrgurko]

Just asking to make sure, are you sure this is legal?

 

[jetski761]

Just asking to make sure, are you sure this is legal?

To have a digital residency? Sure is.

 

[fivel]

I have one! This is a great way to open accounts for crypto exchanges. Bybit only makes you complete the KYC one time. My palau ID just expired last week, but my bybit account is still active. 10/10 recommend this.

Is your account still active even with the expired Palau ID, or have there been any issues since?

 

[champp]

Is your account still active even with the expired Palau ID, or have there been any issues since?

no issues. Bybit only makes you complete KYC once

 

[ponta_del_sol]

Has anyone been able to sign up, pass KYC for Payoneer successfully with the card-ID in question?

 

[Linkora]

It's a legit KYC tool. Great for crypto exchanges & some fintech onboarding when your local ID fails. Limited elsewhere.

 

[ponta_del_sol]

It's a legit KYC tool. Great for crypto exchanges & some fintech onboarding when your local ID fails. Limited elsewhere.

Re-read the question. Have nothing to say - say nothing.

 

[uweb3bank]

Has anyone been able to sign up, pass KYC for Payoneer successfully with the card-ID in question?

As for my knowledge , just some exchanges would accept this doc. besides that i believe payoneer would not approve it.