Quote from: Bitcoiner69 on December 24, 2019, 05:41:02 PM

Hi Guys,

just wanted to let you know. I've already changed on coinswitch.co several times.
When I wanted to show to a Friend how CoinSwitch works I've sent them 30 Euro to change.
No Coins arrived, so I was asking in the Chat what happen. And they told me, they Request KYC.
So I've asked them to return the Funds, because I dont want to do any KYC for changing 1 Coin to another.
Coinswitch is always advertising that there is no KYC to Change one Coin into another.

Cheers

Seems like something similar to changenow, where they used to advertise that all of the exchanges will be no KYC and prided themselves on being anonymous, but now, they are quite open to holding up people's money with KYC as the excuse to do so.

Honestly, these instant exchangers shouldn't be taken for their word.

Regulators are tightening up on their policies and there is no reason to believe that any instant exchanger, despite their current status, will be able to withstand these types of regulatory pressures for a prolonged period.