After all, there was an entry here that KYC makes no sense at all and even helps criminals to act at the expense of innocent victims. This is all one big absurdity!
Firstly, I believe this is not the first time paxful will ask their user to go through some KYC before he/she can access his/her fund and if you search through this forum you will understand that youre the first victim but I believe they usually do that when they notice something fishy account the account or some report the account accordly to their rules/regualtions.
Meanwhile, KYC make no sense within the crypto community but to P2P and centralized exchange site it a real deal. However, KYC help criminals at the expense innocent victim if a data breach occur. I will advise you not to use p2p and centralized exchange you dont trust or understand their rules and regulations in future.
My account has only the positives and apart from this small number of transactions, just a month ago I had a limit of about 300 usd to work and now they have reduced it to zero. I think it is a deliberate misleading and also a deception. You know that you have a limit and here suddenly this limit is reduced to zero. This is the action for all accounts i think
I think it should be publicized.
Let's assume another case.
You have money on BINANCE and you know you don't have to do KYC.
Suddenly they force it on you or you lose money ?
Would BINANCE still be the number 1 exchange? NO
They would lose a lot MORE
I think the same should be done with paxfull - that is, completely
WARNING FROM PAXFULL ![/quote]
I understand your message but you seems not to understand that every exchange site have there own rules and regulations which they must follow. However, paxful cant be compare to Binance because paxful is a peer to peer crypto marketplace and every peer to peer crypto site usually force KYC procedure on their user whenever they see something which seems to violation rules and regulations.