Quote from: Nazmul012 on December 14, 2021, 09:43:18 PM

Quote from: aria.newman on November 19, 2021, 11:04:26 AM

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Heard the recent Binance news? 97% of users agreed to go through the verification procedure. I think this is a record figure.

Binance was pressurize to ask for kyc from their user. After that, binance lost huge user who don't want to go though this verification process. Even some have Several binance accounts for trading purpose, and it isn't possible that one person can verification all account. So how could they claim 97% of users agreed for kyc? Maybe they published that article for getting their user back by seeing the percentage & how trustworthy they are

They put in the rule of only being able to withdraw 0.06 BTC/day because they knew that they would lose users. But this way they would be able to keep funds on their exchange long enough to make it look like they still have a large market cap.

Also, withdrawing small amounts everday will increase the withdrawal fees by a very large magnitude. They are basically screwing over their users on the withdrawal fees.

All of this is to make some profit and to coerce users into doing KYC.