Pages:
Author

Topic: KUcoin forcing KYC for every users - page 2. (Read 262 times)

legendary
Activity: 1302
Merit: 1018
Cashback 15%
May 11, 2018, 03:13:10 PM
#3
They haven't said any withdrawal limit for unverified members so we might still be able to withdraw without verification.

In verification field they are even asking for source of fund which is terrible for any crypto user.

I also have some fund there quite terrified with this decision, this is the reason why all this new exchanges that are popping up everyday are not good for serious trading. Binance is still number one....
Sooner or later most exchangerts would really be already into this path where they would impose KYC because they do really need to comply on what have been asked specially if government would really took involvement.Ive seen that situation and aware on what happened to bittrex after implementing kyc proceedings.It do took its rank which we can really presume that most members wont really always prefer to show up their identity.
legendary
Activity: 1218
Merit: 1006
May 11, 2018, 09:36:25 AM
#2
They haven't said any withdrawal limit for unverified members so we might still be able to withdraw without verification.

In verification field they are even asking for source of fund which is terrible for any crypto user.

I also have some fund there quite terrified with this decision, this is the reason why all this new exchanges that are popping up everyday are not good for serious trading. Binance is still number one....
full member
Activity: 870
Merit: 125
May 11, 2018, 08:20:39 AM
#1
KUCoin has decided to force KYC for every of it's users.

Quote
In an attempt to remain as one of the most trustworthy and transparent exchanges in operation, KuCoin will start enforcing KYC checks on users. This measure is to ensure KuCoin remains compliant with the developing regulations in the crypto industry.

Forcing KYC was the one of the reason for once number one exchange Bitrex to move down to 7th position at current time.
KUCoin is not even in top 30. What will be the effect of such move be on the exchange and cryptocurrency overall?

https://news.kucoin.com/en/kucoin-will-enforce-kyc-for-users/
Pages:
Jump to: