Re: CCE.Cash - Instant, low-fee exchanges for LTC, BTC, DASH, XMR, and other cryptocurrencies
Binance Exchange asks for information and declarations several times a year. I expect that this is a very bad exchange. If this service has a refund without providing documents, then it sounds very good. This exchange also frequently requests information about withdrawals.
I agree mate with you that it frusturate a lot when exchanges ask for these kinds of user information, and it really frustrated me when Binance exchange asked me two times for the same thing, but we have to agree with the fact that we have to provide fund information to the trusted exchange we are using because there can be many cases that can be untracked/uninformed if exchanges don't ask any inquiry. These cases can be of money lundering or black money cases, and you also know that these kinds of money are illegal from the agecy point of view. I think we have seen such a case recently on the forum; a big known platform, Exch, was down by agencies, and I think their funds were also frozen by the agencies. So, if we are using any such kind of platform, we should provide information to the trusted platform in such cases.
In my point of view, in the case of this exchange, Exchange will ask such an inquiry question from its suspected users to keep Exchange safe for future purposes from angencies. What do you think?
They get information from blockchain analysis companies and other parties that deal with AML checks. There are certain services that trigger higher risk scores than others. For example, if you use a mixer and then deposit into a CEX, chances are you will trigger some of their alarms and they will want to you know more information about you and your money. Similar things can happen if the money originates from addresses from sanctioned individuals, services or entire countries. Even crypto from gambling and online casinos can be considered "dirty" by certain parties.
Yes, buddy, I got the idea about this from an old friend of mine when I was facing that issue. Actually, I told him the whole situation I was facing at that time. He helped me very well to reach out of this frusturating problem that time. Other than that, I also thank you for confiming me about such information.
