I think in some countries exchanges are strictly required to ask KYC no matter how small amount you're willing to withdraw.
I'm also looking for this regulation in my country.
Topic: Should We do KYC for withdrawal in Coin Tiger? (Read 258 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Damn it, one of my asset got high price if using that exchange, If I sell it to another exchanges, the prices are cheaper
I am curious about what you decide after you see one of your assets is increasing. Did you doing KYC or do you still use a non-KYC user on Coin Tiger? Maybe you can do KYC on that site to break the limitation of the withdrawal and hopefully, you do not get any problem while trading on that site. I do not trade on Coin Tiger but if you can reach the minimum level to get a higher limit than a non-KYC user, that will be no problem.
Mandatory or not, i think KYC is a must, because it will make us more easy to get services from the marketplace. With KYC, we will get many advantages from them, such as a larger withdrawal limit, also, when our transaction is stuck, it will be easier for the admin to track it. But even so, there are also our data leaked to the public with our KYC, so be careful where you will share your personal datas.
If you have to use the cointiger exchange, you will need to submit your data. It's necessary to do it to all centralized exchanges since the market is regulated already. But why did you chose cointiger in the first place?
The only reason why I get to signup for another exchange is if an altcoin I've invested is only listed to a particular exchange. If you just have to trade BTC, just stick to the exchange where you already have a verified account.
It depends on the value of the token you want to withdraw, almost half of the exchange (centralized exchanges ) Demand KYC when the value of the token exceed 1000$.
everyone who has ever done and used this exchange, will definitely feel annoyed with the system which doesn't seem to make it easy for users to transact and the number of fake orders/bots that make us think twice about using the cointiger exchange.
We should not but there will be a limitation for our withdrawal for non KYC users up to 2 BTC and 10 BTC for users that already complete the KYC verification
You can see that from the announcement that already made by cointiger
Looks like they are also same as Binance? That offers 2 btc for non KYC user, though this change recently as they are not requiring kyc to anyone .You can see that from the announcement that already made by cointiger
https://cointiger.zendesk.com/hc/en-us/articles/360010835153-CoinTiger-Daily-Withdrawal-Limit-Update
i don't know about this site actually , why use this when there are more popular sites?We should not but there will be a limitation for our withdrawal for non KYC users up to 2 BTC and 10 BTC for users that already complete the KYC verification
You can see that from the announcement that already made by cointiger
Looks like they are also same as Binance? That offers 2 btc for non KYC user, though this change recently as they are not requiring kyc to anyone .You can see that from the announcement that already made by cointiger
To be at the safer side you need to do KYC before moving your funds to any exchange to execute trade, i most cases you don't need to do kyc before trading but it all depends on the volume and amount you wanna trade.
\If you are not a Big trader, you don't need to require yourself for KYC because therea re many sites that allows users with small trading volume to not perform KYC at all.Yes even as that, that is why i said if he wanna move his funds to any exchange he/she should make sure to pass KYC to avoid stress and though time passing KYC. i noticed during KYC, if you have already moved in funds before performing it takes longer time to be approved because they would like to be sure is from right owner and any mistake or increase details will lead to immediate frozen of the account.
If that us the only exchange that has your funds then you have no option but to comply, but if not then go around the forum and you will find more exchange that does not require KYC if you are dealing with small transaction .
Damn it, one of my asset got high price if using that exchange, If I sell it to another exchanges, the prices are cheaper
If you are sure that the orders are legit? then yeah continue the trade but be aware that it is not the prices in a certain exchange that always matter but the legitimacy of the exchange itself.upon checking the site, if shows there is only a given amount to process without KYC but at least needed to provide 2 factor authentication in which will require you to submit either Phone number or email that means there is a slight value of providing personal things for your own safety .
Damn it, one of my asset got high price if using that exchange, If I sell it to another exchanges, the prices are cheaper
Don't get too carried away, before continuing I suggest to make sure that there are no fake orders there. You can deposit a minimum tradable amount (this depends on their terms, usually only equal $10) and then try to withdraw it.
If it works, then I think it's safe not to submit KYC.
I have never used cointiger but as seen, you have the limit and if you think that it won't be enough for your withdrawal then you know what to do.
It's for you to decide if you think you're going to hand them your identification if you're going to withdraw a lot. Seeing some doesn't have problem with them, I've seen in the past that there were a lot of problems that has been encountered on that exchange.
It's for you to decide if you think you're going to hand them your identification if you're going to withdraw a lot. Seeing some doesn't have problem with them, I've seen in the past that there were a lot of problems that has been encountered on that exchange.
when it comes to KYC, so many exchanges has lost traders and investors due to this KYC issues. although it is a good means to check mate multiple users and to reduce scam in the exchange. it is also not secured because users are exposed to providing their data and they are not sure of what will be the out come of the exchanges holding this information. it is not safe to trade with coin tiger anywhere.
We should not but there will be a limitation for our withdrawal for non KYC users up to 2 BTC and 10 BTC for users that already complete the KYC verification
You can see that from the announcement that already made by cointiger
Looks like they are also same as Binance? That offers 2 btc for non KYC user, though this change recently as they are not requiring kyc to anyone .You can see that from the announcement that already made by cointiger
To be at the safer side you need to do KYC before moving your funds to any exchange to execute trade, i most cases you don't need to do kyc before trading but it all depends on the volume and amount you wanna trade.
\If you are not a Big trader, you don't need to require yourself for KYC because therea re many sites that allows users with small trading volume to not perform KYC at all. 
We should not but there will be a limitation for our withdrawal for non KYC users up to 2 BTC and 10 BTC for users that already complete the KYC verification
2 BTC was the limit in Binance until this week's "upgrade" of the Terms and Conditions. To me, it is more than the necessary daily amount for the average mortals, so, as you ask whether we should do it or not, I wouldn't do KYC ever as long as it is not mandatory, taking into account the convenient limits we are talking about.It's about cointiger, it's not even related to the binance exchange site. Maybe you're missing something from what already explained by the thread starter
I was just stating that the limit of 2 BTC is the same as in Binance, and that it is a decent amount to withdraw without doing KYC in general, and by analogy in this particular case of Coin Tiger too. I know that the OP has nothing to do with the Binance exchange, but I think that I asked his question about whether he should go through the KYC.
We should not but there will be a limitation for our withdrawal for non KYC users up to 2 BTC and 10 BTC for users that already complete the KYC verification
2 BTC was the limit in Binance until this week's "upgrade" of the Terms and Conditions. To me, it is more than the necessary daily amount for the average mortals, so, as you ask whether we should do it or not, I wouldn't do KYC ever as long as it is not mandatory, taking into account the convenient limits we are talking about.
It's about cointiger, it's not even related to the binance exchange site. Maybe you're missing something from what already explained by the thread starter
Damn it, one of my asset got high price if using that exchange, If I sell it to another exchanges, the prices are cheaper
that's why you must becareful with it. You can also try to use a small amount to test it. If you will able to withdraw your money and then you can try to continue with small amount of assets to be sent to your account. This to prevent when exchange site was not giving permission for you to withdraw your amount of money. There are bunch of bots on cointiger.
To be at the safer side you need to do KYC before moving your funds to any exchange to execute trade, in most cases you don't need to do kyc before trading but it all depends on the volume and amount you wanna trade.
I have use cointiger severally and no kyc is required for smaller amount, you can see the limit above, I like that fact about them unlike gate.io that will require kyc must be completed before withdrawal can be done, worst experience I have had with exchange withdrawal.
Damn! Sorry to hear that, Anonylz.
I have never used gate.io before, but I have ever heard about it, so thanks for the piece of advice. I suppose that most exchanges that want to operate legally in every jurisdiction will have to comply with mandatory KYC, but as long as there are other alternatives and in your country cryptos are not illegal, better to chose the latter in the meantime.
I have use cointiger severally and no kyc is required for smaller amount, you can see the limit above, I like that fact about them unlike gate.io that will require kyc must be completed before withdrawal can be done, worst experience I have had with exchange withdrawal.
We should not but there will be a limitation for our withdrawal for non KYC users up to 2 BTC and 10 BTC for users that already complete the KYC verification
2 BTC was the limit in Binance until this week's "upgrade" of the Terms and Conditions. To me, it is more than the necessary daily amount for the average mortals, so, as you ask whether we should do it or not, I wouldn't do KYC ever as long as it is not mandatory, taking into account the convenient limits we are talking about.
Damn it, one of my asset got high price if using that exchange, If I sell it to another exchanges, the prices are cheaper
We should not but there will be a limitation for our withdrawal for non KYC users up to 2 BTC and 10 BTC for users that already complete the KYC verification
You can see that from the announcement that already made by cointiger
https://cointiger.zendesk.com/hc/en-us/articles/360010835153-CoinTiger-Daily-Withdrawal-Limit-Update
Are you sure using this exchange site? As far as i remember that if this exchange site got so many complaints and people are also feeling so difficult to withdraw their money from there.
You can see that from the announcement that already made by cointiger
https://cointiger.zendesk.com/hc/en-us/articles/360010835153-CoinTiger-Daily-Withdrawal-Limit-Update
Are you sure using this exchange site? As far as i remember that if this exchange site got so many complaints and people are also feeling so difficult to withdraw their money from there.
Anyone, I want to ask, should we do KYC if We want to withdraw any crypto token from Coin Tiger? Please, I need that Information
Jump to: