Quote from: btcinfo891 on Today at 06:06:03 AM

Quote from: mindrust on Today at 05:34:33 AM

That’s because I don’t trust international exchanges even more. If the international exchange scams me I can’t do anything about it. If the local exchange scams me I can find a local lawyer and try my luck. When a international CEX asks impossible questions, it is over for you because they have the advantage over you. They know you can’t do anything. I would never hold big positions on the international exchanges because of that.

OK, I see. Thanks for the clarification. Relying on legal action for protection means that one has to provide KYC information beforehand, otherwise he would have no way to prove that it was actually him that lost the money.

I don't use KYC exchanges, so I don't really have reasons to prefer local exchanges to foreign ones. Moreover, I actually prefer foreign ones, as in my case the local exchanges have mandatory KYC.

I hate kyc more than anyone but it is almost impossible to cash out without using these centralized pro-kyc exchanges.

I wish we were living in a world where could spend crypto directly but the govs already put restrictions on these actions.

In the US if you purchase a hamburger using btc, you trigger a tax event as far as I know.
In my country, the businesses can’t even accept crypto legally for the services and products they offer because the gov don’t acknowledge crypto as a currency.