seems ridiculous and a massive invasion of privacy
That's what you choose when you sign up for a centralized exchange. If you would like to continue day trading, then look for an alternative exchange that isn't strict yet. Or you could use no KYC p2p exchanges (
https://kycnot.me)
Almost all of those are instant exchanges, day trading with 0.5-1% fees on each trade would mean losing money for any trader or switching from day to weekly to allow at least a 3-5% swing to make a profit. People that day trade on major CEX with huge volumes can't sometimes wait for even one block confirmation before they buy or sell again.
Take one of those p2p rated 9/10 bets to offer for me right now is 16620.37 EUR per
BTC, spot price is 16,133.54, already losing 3%.
If you want to DCA or just cash in some profits after a good week yeah, but day trading, no way!
Do I need to do it, currently I am not buying btc or other coins on the platform but am day trading
Withdraw only should mean no trading also, otherwise what's actually blocked, only deposits?
I have my account also disabled but funny enough my card with ~2$ on it still worked as I bought for fun a bottle of Pepsi in the gas station.
Unfortunately, I can't test trade anymore since I don't hold even 1$ minimum to see if it still works.