Is it true that I cannot withdraw fiat from Kucoin to a bank account, whereas on FTX it is possible to do so but you'd have to be fully verified?
Not sure about KuCoin but yes you can do so with FTX, probably depending on what country you're in. And yes, you need AML/KYC. I don't think there's a single legitimate exchange that allows bank withdrawals that doesn't need AML/KYC lol.