Post
Topic
Board Exchanges
Re: eXch - instant exchange BTC / LN / XMR / LTC / ETH / ERC20
by
bitmover
on 06/03/2025, 11:23:30 UTC

I'm okay with KYC on some cases, when it's a trusted company with publicly known owners. I'm also okay with (some) anonymous services with anonymous owners. The problems start when anonymous owners demand KYC data, and when they freeze funds, I can only guess what's going to happen to it.

When it happened to me, I had to let the funds go.
And blame myself because I didn’t rely on a trusted non KYC exchange.
I strongly advice against resorting regularly to KYC exchange.



I prefer to make the KYC before sending funds. Some exchanges allow that, dosabling deposits until completing kyc. This is the ideal situation.

Asking for kyc after the deposit is absurd