Wow a thousand a day? That's called capital controlls and you are totally right to watch out for extreme centralization. This is a potential sign of "fractional reserve" accounting, where only a percentage of the actual currency is actually available to the exchange at any given time. Can we get some kind of rundown on our options? I wouldn't be opposed to officially supporting a well grounded contender or two. Are there any exchange reviews out there? Gathered together? If not.. I sense a development workshop in the making.. At any rate I will be printing up a batch of cold storage paper wallets for impending use.
I may be incorrect as they are being somewhat vague about it, but that is the impression i got from their blog here where they "suggest" verification for users who transfer more then $1k or $20k of value of crypto.
Question 2:
When you do impose limits, what will be limited?
Answer:
Deposit and Withdrawal amounts and daily/monthly limits. Trade activity will not be limited. If you are depositing or withdrawing more than $1k a day or $20k a month worth of cryptocurrencies, then you should go ahead and get the verification process started. If you meet this criteria, we will also be contacting you directly if you are not verified.