Post
Topic
Board Trading Discussion
Re: Beware when trading @ Kryptono - Stealing your identity?
by
shield132
on 02/05/2019, 20:46:57 UTC
OP is informative for the traders to make aware people from any exchange which has such type of issue. I think everybody should know more about the exchange before depositing any fund. Sometimes people try to deposit panic for arbitrage trading without reading more information about the exchange. Most of the exchanges are asking for KYC now so obviously, always we should mind about KYC, without aware of the term and condition of any exchange trader can lose a huge amount. Thanks

It is a fact that nowadays almost all exchanges are asking for KYC as one of the requirement in order to use their services. So anyone who do not want to do KYC needs to find exchanges without KYC requirement. I myself not against KYC in exchange as I believe it is related to regulation by government to avoid money laundering or other bad things.
To OP, sorry if you have to lose your money because of the KYC thing but if it is a big amount of money then I think you should do the KYC.
Well, if what he says is right, then he is right. Exchangers ask for KYC but in this situation seems it was followed to inability to log in your account, as he claims, entered 2fa was correct and he could use account without KYC but exchanger lost it and now pushes him to upload KYC documents in order to regain access on his account. I don't think that's fair action.