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?
It's transparent what is said.
If you're using web3 wallet connection and deposit withdraw through the connected wallet there are no kyc requirements or restrictions in withdrawal.
It's not a marketing stunt lol.
We've clearly stated kyc is required for alternative address withdrawals.
Standalone none custodial cold wallets are not included in our no kyc option yet.
Therefore kyc is required.