Sorry for the late response guys!
It was weekend & today is my birthday, so my thoughts currently are not really around KYC.
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Time you need to wait to get approval is heavily dependant on registration time. I mean if you try to use this guide in times of a bubble, multiply this times provided at least 10 times.
If its time without bubble like now, you have quick times like you tested already
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You might be right with that, though i think the timeframe will not be x10. Several exchanges are using an
automated process without manual confirmation, so, as long as their severs aren't overloaded, it should approx. take the same time.
Thanks for the list. It'll be pretty useful for sure for those who want to have the smoothest and quickest verification process that is possible when choosing their exchanges, in that they are able to base their choice off these criteria with actual data backing it up.
I'd like to see you experiment with localbitcoins - recently they have started to force traders with significant volumes to start verifying their accounts, and I have no idea how long their verification process would take.
However, it's important to note that individual cases will still vary between the time taken for verification, and that's the ultimate flaw of this table. I've seen cases where it took weeks for users to get verified on poloniex, even though it was almost instant for you.
Unfortunately, i can't do it for
localbitcoins since it is restricted in germany.
Great test, to know which exchanges are actually quite fast in processing their data; even though the data might be quite inaccurate due to multiple possible reasons(e.g. exchange X might have employees for KYC in a different timezone, hence a half day difference in speed). Though I'm definitely going to watch this topic for a bit.
Mind doing one for COSS[1]? Exchange is quite new, and I'm curious how it will go against these bigger guys.
[1]
https://coss.io/Coss will be the next one for verification! (though it gives me headaches -
the limit for filesize is only 1 MB (!) and i am going to need an english written & notarized proof of residence)
Great! Appreciate it. I suggest
using an image optimizer like imagesmaller[1] for this. using an picture editing software like paint or Gimp to decrease the image size to decrease the filesize. Best of luck, and thanks again.
Thanks for that, i am planning to do so.
Despite that, i am wondering why they can't use a filesize of 3 MB like most exchanges offer. This would guarantee a good image quality and therefore less issues.
I am still figuring out how & when to get the english-written, notarized document in my spare time (
regarding KYC on coss.io).
To keep this thread running, i will probably add
Kraken &
Okex as well.