Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: These Anti-KYC Stuffs Tiring Non-Techies Up
by
mk4
on 08/04/2020, 23:34:01 UTC
⭐ Merited by o_e_l_e_o (1)
The only safe KYC is no KYC.

While true, just a heads up that if you use a centralized exchange for trading, you either always withdraw your funds after a day of trading(annoying I know, knowing that txs can take a while sometimes), or get ready to bend the knee and submit KYC(if you don't want to lose your funds). Sudden mandatory KYC(disabling withdrawals if you don't submit KYC) has happened in the past already and I don't think it's impossible for the same to happen to non-KYC exchanges like Binance.