I have been wondering of people telling me exchanges can freeze accounts, that makes me very afraid to use exchanges to trade, a friend of mine told me hitbtc freezed his account. That makes me here to ask the reason why exchanges can freeze account.
Why are exchanges freezing accounts?
What can I do to make them not freeze my account?
What are the best exchanges to use?
I like no kyc exchanges, please do not advice me to use any kyc exchange. I prefer exchanges that do not demand for kyc or the ones that makes kyc not mandatory?
The problem with freezing funds is that some people are prone to not giving KYC or similar stuff, privacy reasons and so on. hitbtc is a exchange that doesn't require KYC up front, but if you're withdrawing large amounts of money you're likely to be asked for KYC, and you can't withdraw until you fulfil it. A good way to not get frozen funds is to fill KYC and just follow whatever support responds, people ignore support responses sometimes lol.