Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: Why KYC is extremely dangerous – and useless
by
noahark
on 29/06/2020, 06:40:14 UTC
⭐ Merited by 1miau (1)
It seems to me that very soon it will become a mandatory procedure for all exchanges, trading platforms, and possibly for the entire Internet!

AFAIK, Binance one of exchange that not asking KYC for members who not needed to withdraw more than or equal 2 BTC/day. It's mean, if you are joining in exchange that asking KYC to activate your account, you should avoid them. How to do this, you can join them, but don't use real personal information first. Or, if you want to play safely, you can try to search/ask in the forums before join and find information about KYC on exchange you want to join. This exchange list articles[1] can be an option that not asking KYC as mandatory for members.

[1] DYOR/DWYOR

A BIG WARNING here! STAY AWAY from Binance Free Accounts! At some points, they will freeze your assets and force you to provide KYC. THis happened to me! This Exchange is not serious at all!