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
Because regulators require minimal verification of users, so that they do not avoid paying taxes. This is a normal practice all over the world and there is nothing unusual here. It seems to me that in the near future it will not be possible to register at any exchange without KYC.