Quote from: joniboini on January 31, 2021, 08:18:29 AM

Quote from: jrrsparkles on January 31, 2021, 06:00:12 AM

Almost every centralized crypto exchange needs KYC to be verified before making withdrawals from there

I think the point is this "strict KYC", not just about "KYC". I think most people won't mind if they ask for ID and stuff like that, but a source of income and salary slips are definitely not usual. I'd rather use DEX or something less strict, but hey it's a personal choice. As long as you understand the risk.

They have different tier system IIRC so people can avail 10K limit per annum by verifying their address and photo ID which is decent for someone who convert occasionally. And when our country doesn't really support cryptos or high taxes for crypto conversion then choosing the DEX is best even though the price offers are lesser.