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Ask HN expansion: It would be good to know as well the degree of KYC enforced by each of them (KYC = know your customer)
by dest 9y ago
Ask HN expansion: It would be good to know as well the degree of KYC enforced by each of them (KYC = know your customer)
- serg_chernata 9y agoAlmost all exchanges have tiered KYC. Almost all allow you to deposit any amount but limit withdrawal. Thus, this is largely dependent on how much information you're willing to share and how much money you want to be able to move within 1 day. Basic KYC is typically name and address, while highest tiers require passports.