Quote from: The Pharmacist on Today at 12:30:38 AM

No kidding--that's way too much money to be leaving it on any crypto exchange, even if it's one with an excellent reputation.

Yep. Binance, Coinbase, FTX, you name it. Not a single centralized exchange I would entrust six digit number of dollars.

Quote from: The Pharmacist on Today at 12:30:38 AM

Cryptsy had a similar reputation right before they absconded with all of their customers' funds, and I'm sure there are at least a dozen other exchanges that have pulled the same crap over the years that I'm just not recalling at the moment.

Tbh, I am not so much afraid that Coinbase or Binance will suddenly disappear with everyone's money, but that they will choose to lock my funds for whatever bullshit reason they come up with. And then what to do, go to the legal battle against them? Good luck with that.

Quote from: The Pharmacist on Today at 12:30:38 AM

The KYC requirement probably has to do with the amounts in question, because smaller traders don't usually have problems with Kucoin or have to submit their ID documentation for any reason.

Yeah Kucoin has a decent exchange and in almost 5 years never had any issues or was asked for KYC, but I also never had more than low 4 digit number worth of crypto there, and it was only for a couple of days max.