In recent years, both adult platforms and cryptocurrency exchanges have been scrutinized for their user verification processes. This article examines how KYC (Know Your Customer) on OnlyFans and Pornhub compares to processes on popular crypto exchanges.
Comparison of Verification Processes
Registration on adult platforms such as OnlyFans and Pornhub begins with the provision of personal data and the upload of identification. This is similar to the process faced by users on cryptocurrency exchanges, such as Coinbase or Bybit. However, KYC systems in these spheres differ in strictness and structure. While crypto exchanges focus on financial data, adult platforms are subject to more extensive requirements, including age verification and identification.
Challenges and Rejections
In an attempt to register on OnlyFans, Cointelegraph encountered many difficulties. The application was rejected due to an image mismatch and other requirements being unmet, despite adherence to the guidelines. Only 35% of applications on the platform are confirmed, highlighting the challenges faced by new content creators. Furthermore, Pornhub also rejected Cointelegraph's application with an unclear reason, but a subsequent attempt using a passport was approved after a media request.
Causes for Stricter Controls
Both sectors, adult platforms and cryptocurrency exchanges, have had to tighten their verification processes after scandals and regulatory pressure. Pornhub reformulated its systems in 2020 following uncovered cases of child exploitation, while the pressing issues brought crypto exchanges under heightened scrutiny.
Crisis events have acted as catalysts for changes in verification processes for both crypto exchanges and adult platforms. Despite the apparent complexities and high demands, research results indicate that the systems employed by these platforms may still leave much to be desired.
