I've read that KYC is not needed on the platfrom, am I correct? if yes then does it mean that users will have their owned private-key on this platform? crpto-fiat and fiat-crypto is a very good idea nowadays as the crypto sphere is growing rapidly and surely there will be a lot of demands in the near future so I hope you succeed so we people could easily exchange their cryptocurrency anytime and anywhere.
Answers from the WP:
One of the most important things of cryptoriya is no KYC needed from our valuable users. It is KYC free, so any user is free to use our services globally.
We use only cold storage for every P2P exchange & wallet transaction, users need to provide 2FA code for the security. The reason is so as the transaction proceeds, our user operation is safe and secure.
As per my understanding from CryptoRiya's whitepaper, KYC (Know Your Customer) is not required for the general membership of users.
Those who went under a non-KYC can avail of the regular debit card of CryptoRiya.
But those who would like to receive maximum features of withdrawals and cash-out limits would have to go through the KYC to be able to receive CryptoRiya's Luxury Debit Card.
And as Nkrypt rightfully quoted from the whitepaper, CryptoRiya will be issuing cold wallets only to ensure safey, security and full control on their crypto assets.