Binance is officialy a KYC sh.thole now

[fdsa]

https://www.binance.com/en/support/announcement/9df8225c061b455da5c7cc293cd08a70

 

Quote

Fellow Binancians,

Daily withdrawal limits will be adjusted to 0.06 BTC for accounts which have completed only Basic Account Verification. This change is effective immediately for new account registrations and will be made effective for existing users in phases starting from 2021-08-04 00:00 AM (UTC) and completed by 2021-08-23 00:00 AM (UTC).

Please complete identity verification to increase your daily withdrawal limits to up to 100 BTC.
Note: Withdrawal limits refresh daily at 00:00 AM (UTC).

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!

Binance Team

2021-07-27

 

Does anyone know a somewhat large exchange with larger withdrawal limits (at least 1 BTC/day) ?

 

[GrandPapillon]

regulators are looking for ways to shutdown all those "unregulated" exchanges, so they increase the pressure slowly and discourage people from using them.

 

We had the same problem 5 years ago in the Futures market space, where they started to see "drug dealers" everywhere using Futures market to clean their money, forgetting the level of financial knowledge you need before participating into Futures securities. Ridiculous, but that's the way it is ????

[Jenkins9039]

On 7/28/2021 at 12:00 PM, fdsa said:

Does anyone know a somewhat large exchange with larger withdrawal limits (at least 1 BTC/day) ?

With the criminal case going on (SEC Thai - Binance) they will be providing all personal identification details to the Thai SEC (AMOL) and where not identifiable, then the details for connecting to Binance.

 

I access Binance on behalf of a fund and it already shows "Thai" based lol even though the fund is Dubai, just because of the amount of times i have logged in over the years, and even though Its KYC'd for elsewhere, so there's going to be a lot of upset when the tax man comes demanding, or freezing assets just because an account was accessed routinely through Thailand.

[EdrigoSalvadore]

Good luck. I hope there will be a neutral exchange one day.