4. Flexible KYC and Withdrawal Options: Bitcointry offers a flexible approach to KYC, making it optional rather than mandatory. There are no restrictions when withdrawing to a connected Web3 wallet. However, KYC is required when withdrawing funds to a different wallet or for users with alternative (email) logins exceeding $2,000 in withdrawals. This ensures security while maintaining user privacy and freedom.
So if I am withdrawing funds to a standalone noncustodial cold wallet that I have control over, I still have to do KYC? How is this flexible, folks?
I think flexible KYC is just a marketing stunt. Your exchange still enforces mandatory KYC if ones "web" wallet is not "connected to the exchange"… right?