Hey Guys
I need your help and opinion here
I've made an exchange through Cahngelly Float (Dynamic), and they are holding my coins for KYC
What are my options here?
And giving the fact that I choose Changelly Float (No Fixed Rate), and the process may take some time, will my transaction get affected because of the rise of bitcoin price, in another word wil I get less coins?!
I have seen previous cases that were exactly like yours. IIRC the guy who sent the funds to Changelly ended up getting a lower rate on his exchange than when he sent the funds.
I'd suggest asking them why KYC is needed, and also if sending back the funds to the sending address is an option instead of going through verification. Especially for larger amounts, it is possible that Changelly is selectively scamming users given their previous reputation through using KYC as an excuse to hold onto funds for longer.
If that's not an option, unfortunately all you can do is probably negotiate with support whether or not a price lock-in can be done. But if they don't agree to that, then you're pretty much stuck with having to accept whatever rates you get when the verification passes. It's a reason why I don't like Changelly.
