Ninjastic
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Re: about exchanges kyc withdraw!
by
imstillthebest
on 24/04/2019, 07:54:48 UTC
Quote from: Mahanton on April 23, 2019, 08:29:28 PM
Quote from: jvdp on April 23, 2019, 07:09:53 PM
Quote from: Mahanton on April 23, 2019, 06:51:10 PM
Quote from: cellard on April 21, 2019, 05:04:26 PM
I guess they just couldn't care less about money coming, only coming out. So basically, if you put in $10k in a transaction without reading the KYC requirements stuff, you are now in big trouble as you have $10k trapped in the exchange. The ball is in your court so you have to solve the problem yourself, by delivering all the KYC information needed. If you can't deliver that, then it's your fault because you didn't read the KYC requirements, unfortunately this means that they get to keep the money. I wonder how much money they are banking through this. Basically people putting money in then unable to remove it because they refuse to comply with KYC.
When using up any services online specially with exchanges then its always important to have a look on their terms and conditions even on gambling sites too or any other sites because if you don't much pay attention
to these simply or basic informations need to be read up then you would be definitely fucked up in the end but somehow there are exchangers which doesn't need any KYC on having some big withdrawals on daily basis.Just take a look on Binance where giving out 2btc daily withdrawals for unverified accounts which is great.

Terms does not play here in your exchange account you could check what is the minimum withdrawal for non KYC verified account. Even on Binance there are similar rules and trade limit also there for such account.
When you go to verify the account also you can find personal and corporate account which have the big limits for the bigger account.
Yes, I'm fully aware on that one where upgrades would really require that KYC stuff but the good thing where it is optional and hence 2 btc daily limit withdrawal is just sufficient with most traders I believe unless if your a whale or big time trader then these limits wont really be enough.Therefore, you would end up on complying those KYC stuff.

yes . 2btc is huge and even 1 btc is also big enough  . i dont get the point of withdrawing large amount funds but besides you can still use other exchange and withdrew big funds as long as you dont exceed with thier limits or why cant you just create another account so that you can buy/withdrew again  ? isnt that more simplier than doing a kyc  ?  but if your a whale then doing kyc is not really a problem to you since you will always be buying in large volumes  .