Topic: IDEX is complying to KYC and other regulations (Read 1369 times)
IDEX was the top decentralized exchange. Last year, when I heard that IDEX is going to add the KYC procedure, I quite trading there. Now, Bancor is the top DEX for sure. Token dot store, Forkdelta, Tokenjar just an average DEX, Binance DEX like an eyewash! So, the DEX nature of crypto is going to end!
applying KYC in a decentralized exchange means they are not decentralized anymore.they are dead and centralized exchange and they will lose their trader for sure 
already normal see the market must fill KYC for member even though it's a small market like idex, I personally will do the task, because Idex has a large volume and many new tokens listing on Idex
this case is different buddy. even before that there was never exchange DEX that did KYC. I cannot expect that to happen, how the KYC document management system requested when we access must enter our own wallet. 
I see DDEX taking over from idex, still finding it absurd for a decentralized exchange to require kyc, had it been it's a CEX that's another case entirely, and the level of withdrawal for tier 1 is low to talk about
https://t.co/BOlh4wF1Ju
Another big "DEX" falls down to the regulations, it's safe to say that they shouldn't be called a dex anymore. Same thing happens with Binance "DEX" they are all complying to these things killing the aspect of a DEX exchange.
The reactions from the customers is obviously negative, the exchange betrayed their audience and it will be interesting to see what happens to IDEX now. I won't use it anymore.
SwitchDex took advantage of this situation and published. https://twitter.com/SwitchAg/status/1151580771762786306
Their DEX looks good and they making sure privacy is the primary focus.
What other DEX you think will fall into the KYC hands and what DEX will you use now?
Another big "DEX" falls down to the regulations, it's safe to say that they shouldn't be called a dex anymore. Same thing happens with Binance "DEX" they are all complying to these things killing the aspect of a DEX exchange.
The reactions from the customers is obviously negative, the exchange betrayed their audience and it will be interesting to see what happens to IDEX now. I won't use it anymore.
SwitchDex took advantage of this situation and published. https://twitter.com/SwitchAg/status/1151580771762786306
Their DEX looks good and they making sure privacy is the primary focus.
What other DEX you think will fall into the KYC hands and what DEX will you use now?
Regulations from the US government make more DEX exchangers make KYC regulations for investors. After cryptobridge is now Idex, one of the largest DEX ethereum. On the one hand, KYC is good for the development of cryptocurrency but many also disagree with this new regulation.
I'm yet to believe that IDEX will ask users to comply with KYC. Decentralized systems are gradually turning centralized with this recent developments. IDEX has always been my favorite DEX but if the KYC stuff is true, then I'll back off entirely from using IDEX.
There's no good DEX now, even Binance DEX are not fully decentralized exchange. It's pretty sad that things changes like this but that's not our control, it's the government that are making this a centralized for them monitoring, that's why regulation is created to protect investors and to avoid illegal activities such as money laundering.
Yeah in my opinion DEX is better should still be the privacy market, many user and also me choosing dex not because i have a power to still keep my asset on my own, but because i dont want my data to exposed. I hope in future, new big DEX will launch and keep their exchanger private
If an exchange requires KYC, it is not a DEX.
In top ten exchange KYC is for high amount currency withdraw. Idex is decentralized and volume isn't very good, now why KYC.
https://t.co/BOlh4wF1Ju
Another big "DEX" falls down to the regulations, it's safe to say that they shouldn't be called a dex anymore. Same thing happens with Binance "DEX" they are all complying to these things killing the aspect of a DEX exchange.
The reactions from the customers is obviously negative, the exchange betrayed their audience and it will be interesting to see what happens to IDEX now. I won't use it anymore.
SwitchDex took advantage of this situation and published. https://twitter.com/SwitchAg/status/1151580771762786306
Their DEX looks good and they making sure privacy is the primary focus.
What other DEX you think will fall into the KYC hands and what DEX will you use now?
Another big "DEX" falls down to the regulations, it's safe to say that they shouldn't be called a dex anymore. Same thing happens with Binance "DEX" they are all complying to these things killing the aspect of a DEX exchange.
The reactions from the customers is obviously negative, the exchange betrayed their audience and it will be interesting to see what happens to IDEX now. I won't use it anymore.
SwitchDex took advantage of this situation and published. https://twitter.com/SwitchAg/status/1151580771762786306
Their DEX looks good and they making sure privacy is the primary focus.
What other DEX you think will fall into the KYC hands and what DEX will you use now?
From what I read, KYC regulations only apply to US citizens. This regulation may change and apply to everyone but if it is, then IDEX cannot be said as DEX exchanger because DEX should be a direct transaction between the seller and the buyer
It's a shame, no better than the centralized xchanges then so no reason to use it. Let's wait for the 100% decentralized dexes that actually are user friendly.
IDEX was the top decentralized exchange. Last year, when I heard that IDEX is going to add the KYC procedure, I quite trading there. Now, Bancor is the top DEX for sure. Token dot store, Forkdelta, Tokenjar just an average DEX, Binance DEX like an eyewash! So, the DEX nature of crypto is going to end!
I'm yet to believe that IDEX will ask users to comply with KYC. Decentralized systems are gradually turning centralized with this recent developments. IDEX has always been my favorite DEX but if the KYC stuff is true, then I'll back off entirely from using IDEX.
There's no good DEX now, even Binance DEX are not fully decentralized exchange. It's pretty sad that things changes like this but that's not our control, it's the government that are making this a centralized for them monitoring, that's why regulation is created to protect investors and to avoid illegal activities such as money laundering.
https://t.co/BOlh4wF1Ju
Another big "DEX" falls down to the regulations, it's safe to say that they shouldn't be called a dex anymore. Same thing happens with Binance "DEX" they are all complying to these things killing the aspect of a DEX exchange.
The reactions from the customers is obviously negative, the exchange betrayed their audience and it will be interesting to see what happens to IDEX now. I won't use it anymore.
SwitchDex took advantage of this situation and published. https://twitter.com/SwitchAg/status/1151580771762786306
Their DEX looks good and they making sure privacy is the primary focus.
What other DEX you think will fall into the KYC hands and what DEX will you use now?
Another big "DEX" falls down to the regulations, it's safe to say that they shouldn't be called a dex anymore. Same thing happens with Binance "DEX" they are all complying to these things killing the aspect of a DEX exchange.
The reactions from the customers is obviously negative, the exchange betrayed their audience and it will be interesting to see what happens to IDEX now. I won't use it anymore.
SwitchDex took advantage of this situation and published. https://twitter.com/SwitchAg/status/1151580771762786306
Their DEX looks good and they making sure privacy is the primary focus.
What other DEX you think will fall into the KYC hands and what DEX will you use now?
Seems like IDEX became just a regular small exchange, without any interest from the customers side... Looks like DEXs just cant handle a regulation pressure, thats pity, but it is a nowadays reality, maybe it is too early for real DEXs. Use Etherdelta, TRUE DEX haha
This has been known for a while that IDEX will be requiring KYC. Their verification is even worst than known centralized exchanges. I mean submitting name, birthday, and country for a $5,000 limit (tier 1) is just absurd. With this change, I think DDEX will take over as the top DEX.
That's truly absurd. I havent bothered to go ahead with that KYC after I heard the processes involved. I mean what's the essence of a Dex then? I rather continue with the centralised platforms than such
I think you should not be upset,because FATF everyone will obey listen,even decentralized exchanges. I had expected that a similar situation should occur.On the other hand, we all pass KYC on other exchanges and do not complain!
We do not complaint on those exchanges because they are centralized exchanges, idex will be the first decentralised exchange to request for kyc, does it mean blockchain will never be decentralized which oppose it's primary feature and objective. 
I'm yet to believe that IDEX will ask users to comply with KYC. Decentralized systems are gradually turning centralized with this recent developments. IDEX has always been my favorite DEX but if the KYC stuff is true, then I'll back off entirely from using IDEX.
There's no good DEX now, even Binance DEX are not fully decentralized exchange. It's pretty sad that things changes like this but that's not our control, it's the government that are making this a centralized for them monitoring, that's why regulation is created to protect investors and to avoid illegal activities such as money laundering.
I'm yet to believe that IDEX will ask users to comply with KYC. Decentralized systems are gradually turning centralized with this recent developments. IDEX has always been my favorite DEX but if the KYC stuff is true, then I'll back off entirely from using IDEX.
I believe the outstanding feature of Dex is the anonymity of their operation, so If any decentralised exchange turns around to demand for kyc such exchange should no longer be referred to as a Dex.
When I read the news I was really surprised that a top Dex like Idex will take such approach without really thinking of the end result. Nevertheless, I think many users will go for other Dex as this is hard to believe and will also pave way for others to grow thus dominating the market.
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