Post
Topic
Board Bitcoin Discussion
Re: Should We Avoid US Based Exchanges Now?
by
Silberman
on 22/12/2020, 22:42:14 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.
While each person thinks differently I really think that we should begin to avoid US exchanges, the regulations are only going to get worse as time passes and you do not want to have your coins there and then be hit with a notice that you cannot withdraw your coins until you pass some new and more intrusive version of KYC you now have to comply, it is better to save yourself the headaches and use other exchanges, after all it is not like we do not have many more options that are on par or that are even better than what the US centralized exchanges offer.