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.
Running an exchange without KYC cam be complicated because that will be random complains from users about their accounts being compromised which we all know that that is what most scammers are majorly interested in so as to make more money from users by compromising their accounts since there is no way exchange can know the true owner of the account. You can start at the beginning as no KYC exchange but with time, as the exchange becomes more bigger there will be nothing to do than to make it a KYC exchange even though the requirements will be less.