Exchanges freezing funds due to KYC reasons question

BurnedShipMan
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Exchanges freezing funds due to KYC reasons question

This post/question is NOT about the recent events! Please read the post below.

When I look at Trustpilot, ALL exchanges have bad reviews. People complain they can’t get their funds off the exchanges due to KYC reasons and support tickets not being answered etc. It has been like this for the past 5 years.

My fear is not the exchange going bankrupt, but that I can’t withdraw my funds due to some made up KYC reasons.

Question: What’s up with these reviews? Is this something I need to be afraid of?

Sure, you can go to court if this happens. But seriously? Who is going to do that, especially internationally… Maybe, for a large amount of money yes, but not the average person.

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