I don't like the idea of KYC for a small new exchange platform. I can understand down the track that it may be needed for when broader financial instruments are included, but seriously they should have levels of verification where users who exchange small amounts of crypto are exempted from Kyc. If binance can do it that way, I'm not sure why hibtc can't do the same.
You don't need KYC to trade, but you need KYC to withdraw.
I don't like the idea of KYC for a small new exchange platform. I can understand down the track that it may be needed for when broader financial instruments are included, but seriously they should have levels of verification where users who exchange small amounts of crypto are exempted from Kyc. If binance can do it that way, I'm not sure why hibtc can't do the same.