• PrivateLemur@lemmy.one
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    1 year ago

    I’ve tried it. Their KYC is so intrusive.

    They asked me to scan my face through a third-party identity verification provider called Sumsub. Which seems like maybe the exclusive third party ID checker that CEXs use, because it came up with 2 other exchanges, including Binance.

    I’d say stay way from it like fire. Maybe look for your local crypto ATM/Exchange or LocalMonero, as you’ve mentioned. So you could at least use cash and some pseudonymous information.

  • Horixon
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    1 year ago

    These services have usually stricter KYC requirements than regular CEXes. They often ask for source of funds.

    Also their site states they accept SWIFT but when I try to buy the payment method didn’t appear. That was really annoying