Post
Topic
Board Exchanges
Re: Binance introduces KYC for all users
by
tippytoes
on 01/10/2021, 23:58:39 UTC
Wasn't everyone's accounts who weren't verified turned to withdraw-only status? Cause it is for me, where I think I can only withdraw until mid october and I still have my daily BTC withdrawal rate of 2.0 BTC a day. Isn't it the same for everyone?

Also wanted to know, what are the thoughts of everyday binance users who didn't verify yet. Are y'all gonna verify or go find another exchange? Curious.

Yes, that happened yesterday but that was not the plan at first as I previously mentioned. They were supposed to simply lower the withdrawal limit and not enforce KYC.

Personally, I don't see myself verifying my identity unless, for some reason, I find myself stuck with no alternatives but for now, I would go with OKEX since I didn't have a good experience with Kucoin.
Whats your thoughts on OKEX? I have never used it, I would like to know how your experience with the platform has been thus far.

With that said, I don't know why Binance thinks giving 10$(??) for their users to verify their accounts is going to do any help? Regardless of the "gamified" way of getting you to verify yourself on their platform, their move towards adopting to KYC is gonna have two sides; those who chose to verify and those who don't. Not to mention the whole "500$" voucher bs. Very crappy imo.

One would think binance would have better ways to attract their customers given FTX and their partnerships in recent history but N O P E.

Wondering what bad experience did OmegaStarScream has on kucoin? I have never used OKEX but used kucoin several times and had no problem with each of them. The withdrawal limit is still 5btc at the moment for unverified account in kucoin. But let us see if they will stick to this or lower down the daily limit or ask kyc also from all their users. But right now, for those who don't want to comply kyc in binance have no choice but find another good alternative that will pretty secure their funds.