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 !
This is an old practice that exchanges do so they can force you to undergo KYC, sone exchanges impose minimum amount even if you did not go KYC, the moment you use their platform you need to go through KYC and of course since you are withdrawing your funds you have no choice but to undergo, so only deposit on exchange that you trust that you will not have second thought to undergo KYC because it is something that you should expect, the moment you use an exchange.