Hello every one please post your valuable suggest, why an exchange required bank account details to complicate their user verifying, are is it legal for crypto market , generally we give passports, or national Id card to verify exchange account . I see some one exchange require bank details to verifying their user account. Please everyone give suggestion about this. Thanks everyone
Having a bank account is actually, telling how legitimate citizen you are.
in my country, it requires a lot of Identification for an instance before allowing you to open an account.
regardless on how much you are going to deposit or transact with.
i guess this a basis to some exchange, they might make it a basis for your legitimacy and for further more secured KYC requirement for them.