Quote from: wwzsocki on November 09, 2018, 08:41:40 PM

I will add a suggestion about KYC.

Don't send your documents scans to an unknown exchange especially when you will be dealing only with cryptocurrencies.

There are plenty of decentralized and P2P exchanges which are capable to do this same with lower fees and full anonymity.

These shady exchanges ask for your documents only to scam you later by selling them or even worse they will use it to hack you.

Not a joke with this hack because a friend of mine was hacked lately 2 days after the first time he sends documents to an unknown crypto exchange only to be able to lift crypto withdrawal limits.

This exchanges do it on purpose and remember that they have a lot of info about you and the capacity of your wallet.

Don't forget that your documents and all additional info this exchanges already have (emails, phones, addresses, coin holdings, etc.) about you combined together are a very solid tool for an attacker.

This is also a valid suggestion @wwzsocki. Thank you for input. I will add this one too.

I thought that P2P and decentralized exchanges will change the crypto landscape when there where all this new peer to peer exchanges ICO's running last year. As we see they haven't disrupted anything because people need the possibility to withdraw at some point in FIAT, I assume.

What are your thought about this exchanges?