Quote from: squatter on January 14, 2020, 08:56:33 PM

Quote from: Schwarzenberg on January 14, 2020, 01:52:42 PM

Binapex crypto exchange reqires KYC only if you plan to trade on margin market. You do not have to pass KYC to withdraw or to trade on regular market.
All the documents can be sounf here: https://binapex.com/en/cryptocurrency_exchange/information/about/

You should explicitly state your AML/KYC policies. This page indicates that KYC is mandatory:

Quote

While we respect and honor the privacy of our clients, corporate and individuals, we are committed to undertaking thorough due diligence of both our clients' identities and the nature of their businesses. Therefore customers have to provide the following mandatory documents to comply with Know Your Client policy

If unverified accounts are allowed, you should clearly state the limits/features of each account tier like Poloniex does. Traders who don't want to verify will be interested to see that.

Binapex says they employ a risk-based AML approach. Under what circumstances will you freeze an account and mandate KYC?

Quote from: hugeblack on January 14, 2020, 09:49:10 AM

This information is wrong. As long as you impose exchange pairs that deal with fiat money (X crypto/ USD,) you must submit to identity verification procedures.
In other words, the platform does not impose restrictions on identity is wrong information.

That's not necessarily true. Bitfinex operates USD markets and does not mandate KYC. BTC-e did the same for many years. Binapex appears to work with 3rd party fiat processors like PerfectMoney who implement their own KYC.

Quote from: hugeblack on January 14, 2020, 09:49:10 AM

where is the platform is located? Can you provide any legal documents?

Republic of Seychelles
Company #8424785-1
https://binapex.com/uploads/Corporate_Binapex_COI.pdf

I can't locate a Seychelles corporate registry to verify, though.

We may request a trader to pass the KYC procedure in case our system detects suspicious actions from that account. You must understand that we take our security very serious, as well as safety of our clients and in such situations we do what has to be done to prevent violations of Binapex rules.

As for the company registration and location, we have provided all the documents needed.