Quote from: TimeTeller on April 06, 2022, 11:59:24 PM

Quote from: LotusHedel on April 06, 2022, 11:52:35 PM

Quote from: Bitcoin_Arena on April 06, 2022, 11:47:46 PM

How are you going to run the centralized exchange minus KYC/AML compliance policy. It may look easy to you, but eventually law enforcement authorities are going to catch up with you.

Correct no KYC/AML just free crypto trading. You must see our service as a platform that can be hosted from anywhere in the world, so it's operated from everywhere in the world.

Quote from: Bitcoin_Arena on April 06, 2022, 11:47:46 PM

One day and exchange like Binance may block a user's funds and will request for KYC verification before releasing the funds. How will you go about this?

We use Binance internally as an "institution" we are fully KYC/AML verified. User won't interact directly with Binance we only use their "api' for trading and liquidity.

That means, you are a verified organization to use Binance?
Sorry, but don't understand how it goes using binance as your trading platform.
The traders will think, why not use binance itself for security purposes?
What is your assurance that people won't get screwed using your services.
I believe that's one major factor how you can gain the trust from traders.

I agree.

I'm just going to use Binance instead of using their platform which provides almost the same as Binance. In order to gain trust from traders, they have to offer something else that Binance doesn't have, it's a business, you can't make it big if you're just copying someone's else's business. People will of course choose Binance because it's reputable and well-known already, that's for sure.