Anyone else frustrated with how some major exchanges handle KYC verification? The requirements are getting out of hand. Tracking transaction numbers, documenting which countries funds come from, collecting receipts for every small transfer... it's absurd.
I'm just a regular trader, not a professional accountant. My funds come from multiple legitimate sources—my paychecks, freelance gigs, various legal income streams. But the documentation demands? Feels like I'm filing a tax audit just to deposit money.
When you receive small amounts across different channels and legitimate banking platforms, suddenly you're expected to organize everything like a financial institution. It doesn't make sense for everyday users.
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ImpermanentTherapist
· 8h ago
The exchange's KYC process is really ridiculous, requiring receipts even for small transfers? When did they become the IRS...
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Compliance is important, but if this continues, ordinary people really won't be able to play anymore. The barriers are getting higher and higher.
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I feel the same, brother. I've been annoyed by this too. It feels more like doing corporate financial audits rather than trading.
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By the way, are these exchanges overreacting? Are they taking compliance as a way to drive away retail investors?
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They really treat us like money launderers, just trying to make a little profit margin.
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Requiring documents for every transaction is just funny. Who knows how those big accounts are handled?
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The original intention of KYC is good, but the way it's enforced is really frustrating.
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I just want to ask, if this compliance continues, will retail investors still have a way out?
Anyone else frustrated with how some major exchanges handle KYC verification? The requirements are getting out of hand. Tracking transaction numbers, documenting which countries funds come from, collecting receipts for every small transfer... it's absurd.
I'm just a regular trader, not a professional accountant. My funds come from multiple legitimate sources—my paychecks, freelance gigs, various legal income streams. But the documentation demands? Feels like I'm filing a tax audit just to deposit money.
When you receive small amounts across different channels and legitimate banking platforms, suddenly you're expected to organize everything like a financial institution. It doesn't make sense for everyday users.