without KYC most exchanges are not allowed you to withdraw sometimes, to hell with Decentralization system. and anonymity of your money trail.
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without KYC most exchanges are not allowed you to withdraw sometimes, to hell with Decentralization system. and anonymity of your money trail.
Log in to join in Reading is open to everyone. Replying needs an account.
8 comments
for me it is a case of being independent. I dont mind KYC I just want to be liberated from the banks!
sometimes its just pain in the ass to pass their terms to prove KYC
I had some probs once trying to get a clear and high enough quality picture of my ID
But I’ve a question : if I buy cryptos on Coinbase spending fiat, then I transfer suppose BTC to a Defi, I earn a lot of money and go back to Coinbase, converting in fiat? Most transaction are covered without KYC
you can't buy crypto without KYC from coinbase account right?
Usually KYC was necessary to unblock deposit and withdrawal limits
not deposits, only withdrawal limit.
withdrawal yes