Post
Topic
Board Bitcoin Discussion
Re: Should We Avoid US Based Exchanges Now?
by
avikz
on 21/12/2020, 15:31:03 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.

Without going into the debate whether you should use a US based exchange or not, I would rather request you to please be prepared to become kyc verifiable in future. The meteoric rise of bitcoin's price will not go unnoticed by the governments around te world.

At some point in future, every crypto exchanges will impose KYC if they want to run their business legally. So it's better to have yourself prepared for this!