Post
Topic
Board Bitcoin Discussion
Re: Should We Avoid US Based Exchanges Now?
by
davis196
on 21/12/2020, 11:59:15 UTC
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.

I don't think that there's any big difference between using a US based or non-US based cryptocurrency exchange.In both cases,you will have to comply with the rules and submit personal data and ID photos.
If you think that Binance is better than Coinbase,then good luck.They are all bad,in one way or another and they all have flaws.
I wish that there will be a time,when we won't have to necessarily use crypto trading platforms,in order to trade coins.
Unfortunately,the governments won't let this happen.