False. Many users report giving all the requested data and still not receiving their money.

Besides, the KYC/AML procedure is invoked for even the smallest of amounts, like $50. This is not a practice focused on security. It's simply scamming, stalling and as mentioned above, possibly even identity theft.

HitBTC has never even tried to prove the IDs/documents are secured and the KYC requests are in any meaningful way justified. It's clear from all the complaints that a lot of users were directly harmed by the exchange and its affiliates. HitBTC is an unscrupulous and shady exchange. Avoid it like a plague.