Round 2 after huge susses with cripto // debit i wanted to dust off an old plan.
We were building a (centralized) exchange that runs on Binance liquidity which allow user to trade free without any limits and KYC. I would love to get some feedback and ideas. The exchange is already finished. But there are thousands of exchanges to choice from, and I don't know if here is a big interested in this idea. Love to hear your side.
Of course KYC ( know your Customers) the best process where an exchange would more trusted. But decentralized exchanges have no kyc process because decentralized exchanges a userbased exchange. I always support kyc based centralized exchanges.
passing kyc request at centralized exchanges will help our account recovery if someday we face problem. its will prove ownership to assets in our account, if compare with non KYC account, there is differences in withdrawl limit. as verified account has bigger limit, so when our assets growth alot we have no problem here. decentralized exchanges actually correlated with decentralized exchange when we want to withdrawl our crypto into fiat. so far no decentralized facilitate this feature.