In terms of centralized exchanges do you think it would be better to use ones not based in the US now?
I'm thinking of avoiding Kraken and Coinbase completely now and just using ones not based in US such as Binance, Kucoin, Huobi.
Btw I'm not personally a US citizen and the KYC rules and regulation on transactions the US government doing seem like a huge hassle now, so would be good to avoid that.
Hello
I do believe that you have to understand that no matter what these exchanges won't change their policies or anything . I do think no matter what , stick to a local exchange. If you are a US resident, you cannot avoid it for sure. Binance is a good choice more or so but I do believe the local exchanges will give you good chances of making profits and you won't have to convert them into other currencies before trading.
These exchanges too will make KYC mandatory soon though.
Where are you from ? Plus now a days KYC is everywhere not just in the US and for the safe side I do prefer exchanges which use KYC since this gives us the right to stand up for any issues in the future if god forbid something happens. If the cryptocurrencies are protected by laws in that particular state and at the same time their policies state you can do it. Use it ! Don't make much of the KYC. If you do like that exchange go for it , if no go for a good local one.
**But let us please remember the fact that all these KYC etc... Is just secondary, if you do have FB in your mobile and KYC attached to your bank account which is essential everywhere your information is already tracked and registered**