Overview of Verification Challenges on OnlyFans
The process of securing a creator account on OnlyFans is notably more complex and involved than many other platforms, including some cryptocurrency exchanges. Aspiring content creators on OnlyFans are required to provide personal identification, a selfie, home address, multiple submissions, and social media handles. Despite exhaustive efforts to meet these demands, many find their applications unjustly rejected.
OnlyFans' Strict Verification Leads to Low Approval Rates
Statistics from July reveal that OnlyFans received 184,844 creator applications, out of which only 35% were approved. This low acceptance rate underscores the strict, and sometimes seemingly arbitrary, standards imposed by the platform. These strict measures are part of OnlyFans' intensified verification procedures following significant scandals, such as the 2021 BBC News investigation which uncovered minors using fake IDs to sell explicit content.
Comparison with Other Platforms and Industries
In contrast, the verification processes at other adult content platforms like Pornhub also show inconsistencies. One account of the verification process noted the rejection of a creator application without clear justification, only to be accepted later under the scrutiny of a media inquiry using a different form of identification.
Comparatively, the cryptocurrency sector, known for extensive regulatory scrutiny, shows a different picture. Platforms like Coinbase, Bybit, and Bitget generally feature less stringent identity verification procedures, often limited to ID and selfie submissions, with some requiring additional information like employment details or source of funds. Crypto exchange Bitget notably approves transactions swiftly, within minutes post-identity verification.
Expert Insights on Verification Standards
Joshua Chu, asset recovery lawyer and co-chair of the Hong Kong Web3 Association, commented on the rigor of these processes. Chu highlighted that despite increased regulatory scrutiny, cryptocurrency exchanges often have streamlined procedures focused on financial compliance, appearing less rigorous than those at platforms like OnlyFans.
Conclusion: The Need for Consistent and Fair Verification Processes
The ongoing challenges in verification standards across different platforms underline a crucial issue: while rules on paper are stringent, their implementation can be inconsistent and sometimes arbitrary. This not only frustrates users but also undermines the effectiveness of such measures, suggesting a reactive rather than proactive approach in regulatory compliance and user verification.
