Quote from: jrrsparkles on June 23, 2022, 05:11:00 PM

Quote from: Hannan on June 21, 2022, 10:00:50 AM

Hi,

I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?

Thanks

Probably you got enough of suggestions with the names but I wanted to tell you something about the KYC policies or any policies it can be updated at anytime so you can't really expect an exchange to be the same forever for example Binance let users to withdraw upto 2 BTC everyday but now KYC became mandatory simply because of the regulations by government and maybe in future the policies can be more strict and they may even ask more sensitive information.

Yes this is true. On one centralized crypto wallet that I am using I am shocked on why my limits have immediately became zero but I believe that I haven't used up all my limits yet. I then realized that they want me to do a kyc again and this time I must use a new i.d because older i.d's are not accepted anymore.

The lesson here is that we must be ready for any changes that will come and it's up to us if we will comply with that or we will start looking for another alternative which are not strict yet. We only need to make sure that the platform that we are interested in is proven to be safe. That is still more important more than anything.