Exactly what happened to me on Binance happened to me on MEXC but it was not several times and they also change my account to withdraw only. They did not also seized my coins.
I have heard about gambling sites seized people's money when they are gambling from restricted countries but have you experienced this on any exchanges?
You should read this story
https://bitcointalk.org/index.php?topic=5540023.0 and there are more but I have read on few platforms I worked with, they already gave a statement in their FAQs that at some point due to the size of the transactions or size of the funds being deposited on the exchange, they can ask you for the KYC but if you remained under the limit they won't.
These exchanges 70% of the time stick with their words but we should not 100% trust them because they can do the same thing like godex did with the op. We should not deposite big amount on any of these unregulated sites especially the ones we can't open legal cases easily because if the site is in a region we can open cases against them easily, we will at least have a peace in mind that we did something otherwise just like apogio said it will be waste of money and time.
Did you read what I first wrote on the OP? I mean this'
I know some instant exchanges like Changelly or ChangeNow can do that but I am not asking about instant exchanges. but I am not asking about instant exchanges. I am asking about exchanges like Binance, Bybit and others.
The link you referred me to is about Godex.io which is also an Instant exchange just like Changelly and ChangeNow. I am not asking about instant exchanges but exchange like Binance, Bybit, OKX, Kucoin, BitMart, BitMex, Gate.io, BingX, OKX, Bitget, HTX and others. They are different from Instant exchanges.