OnlyFans vs Crypto Exchanges: Which KYC Process Is Tougher?
Cointelegraph tested KYC processes on adult platforms and crypto exchanges to compare their difficulty. OnlyFans required ID, selfie, address proof, social media links and multiple resubmissions. It approved only 35% of July creator applications, and Cointelegraph’s attempt was rejected twice. Pornhub also denied an initial application but approved a passport submission after media inquiry.
In contrast, Coinbase, Bybit and Bitget applied structured financial KYC. Coinbase needed ID, a July bank statement and source-of-funds details; its application was approved after resubmission. Bybit and Bitget completed ID checks in minutes, with Bitget enabling crypto transfers within 10 minutes via eKYC. Crypto exchanges rely on clear AML compliance, while adult sites use manual or varied age-verification rules.
Both industries tightened KYC after scandals. Pornhub and OnlyFans overhauled to block underage content. Crypto exchanges upgraded due to FATF guidance and fines for AML failures at BitMEX, Binance and KuCoin. Although OnlyFans’ KYC hurdles seem tougher, crypto KYC is more standardized and efficient. Traders benefit from predictable verification on exchanges, ensuring compliance and market access.
Neutral
Differentiating KYC difficulty on adult and crypto platforms has limited direct impact on cryptocurrency prices or trading volumes. Crypto traders prioritize efficient and compliant on-boarding to access markets. The article reassures that major exchanges like Coinbase, Bybit and Bitget maintain structured, fast KYC aligned with AML standards. While more cumbersome OnlyFans checks highlight regulatory complexity outside finance, they do not alter market liquidity or asset valuation. Historically, KYC enhancements on exchanges have improved user trust but rarely trigger immediate bullish or bearish movements. Therefore, this comparison is unlikely to sway short-term price action and supports market stability by underscoring transparent verification. Long-term, clear KYC processes can encourage institutional participation, but the immediate outlook remains neutral.