Yes this is true. The other day I tried to register for Qryptos, but they require verification. On coss did not manage to go at all. These inconveniences deter investors.
Qryptos require verification if you withdraw anything. However I registered and bought some Vezt before I got verified. After 2-3 days I were verified and I bought some more Vezt. It is a small site, but its seems like a legit site after some research.
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that is good, qryptos is very powerfull, small exchange but very good security, it is a good idea for other exchange