Quote from: pbies on January 19, 2025, 12:14:44 PM

Changes to Crypto Deposit and Withdrawal Procedures:

Crypto Deposits to Binance (for transfers above €1,000 or equivalent): Users will be required to provide the sender’s information when receiving funds.
Withdrawals from Binance: Users will need to provide the beneficiary’s information when sending any amount of crypto.
Affected Transactions: These updates apply only to crypto deposits and withdrawals.

€1,000 is a very low limit, it should be at least €5,000 to my mind. Btw do users have to provide beneficiary's information if they withdraw lower than €1,000? Many people might be withdrawing €5 - €10 per day multiple times, it will become tiresome to provide that information every time.

Quote from: BlackHatCoiner on January 19, 2025, 03:32:30 PM

For yet another time, I'd encourage every CEX user to just download Bisq and see how easy it is to trade your bitcoin there. No KYC, no shitcoins, no 3%+ trade fees, no data theft. Decentralized, permissionless, private and peer-to-peer, as it should.

Quote from: pbies on January 19, 2025, 12:14:44 PM

Sending Crypto Assets to Another Crypto Exchange or Self-Hosted Wallet: You will need to provide additional information on the beneficiary, such as:
Full name
Country
Name of the crypto exchange (if applicable)
Receiving Crypto Assets from Another Crypto Exchange or Self-Hosted Wallet: You will need to go to the crypto deposit page of your Binance account and click on transactions pending credit. A pop-up message will then request additional information on the originator, such as:
Full name
Country
Name of the crypto exchange (if applicable)

Consequences of Not Providing Required Information: Transactions may be delayed or not processed if the necessary information is not provided. In some cases, we may be required to return the transaction to the originator. Please ensure you provide all required information during the deposit and withdrawal procedures.

This is ridiculous.

Quote from: pbies on January 19, 2025, 04:03:50 AM

This does completely ruin anonymity of crypto.

You didn't have any anonymity by using Binance to begin with, because of KYC.

Yes, it requires KYC but do we have a better option to trade smoothly with lots of pairs and make different kinds of investments? I use CEXs because they are easy and fast, I can use them on my iPhone and MacBook. As it seems, this requirement is limited to EU citizens because I'm from a non-EU country and I haven't received such a letter. I imagine it is a nightmare for EU people because you have to declare everything. I don't know what's in their mind, instead of making things easier, they are making everything extremely hard.