I noticed Strange thing Some or most of the exchanges (require KYC to withdraw) - This is no problem
But Allow users to Deposit Even if they are not Complete KYC (in exchange require KYC) - Here the problem
after that exchange do not allow withdraw Their money !!
why this ?!
Why they allow them to deposit before Complete KYC
They say we follow the law Does the law recommend doing so? Something weird!
Often exchanges hide KYC paragraph (in Privacy Policy or Usage Policy) Or users do not know Only when They want withdraw!!
what I think from like this exchanges They want Attract Volume Without regard to the interest of users
I hope the post on the right place if not Please Tell me right place
Sorry if the translation Incorrect !
Majority of exchanges are doing that, so expect to do KYC even if you are not going to withdraw your funds I deposit on one exchange I will not name it, there was no mention of KYC if you are going to deposit and trade, I'm ok with it, but surprised that when I tried to withdraw a small amount like $20 they ask for a KYC I deposit $500 it's ok with them and they will accept it, seems they want to make it hard for people who want to get their money out, however small.