After what Bitstamp, HitBTC, Changelly, Freewallet and others have done it's only common sense. Lots of services already employ selective KYC scams under the guise of similar AML regulations. We can only expect things to get worse as the regulatory burdens pile on.
I've long fucked off Bitstamp and not for one second did I ever entertain those other services mentioned.
Even I've never went through these services except HitBTC that wanted me to do KYC for no freaking reasons and being the shittiest of all exchanges, but I needed to give out my details just to get my money moved.
I plan on only two routes back to fiat should I ever require it.
The first is OTC for significant amounts. Why anyone would use a bog standard exchange for a decent sum is beyond me. I do not intend to wind up as a ticket number with no way of accessing money. A competent OTC deal will sort any question marks before the exchange proceeds. That's the way ALL crypto to fiat services should operate with no exceptions.
The best advantage in our hands here - I try to find reliable traders with broader background in the field of trading Bitcoins and trade with them only (directly) rather than transferring my coins to an exchange, waiting for the deposit to confirm, waiting for a trader to buy my coins (and that takes a lot of time because it's all done partially and not in one shot) and finally, the hassle of releasing them, all with the so-called KYC regulations to be abide by as there's "No KYC, No Trading allowed" policy here.
For the day to day fripperies I'll stick with crypto debit cards. They may cost a little more but if they croak it's no big deal, they never go anywhere near my bank and nothing more than piddling sums is placed on them.
I'm afraid I can't get a debit card to use in my country knowing that the heat to stopping crypto here has taken an enormous form, but all I do for nominal things like buying groceries online to doing recharges and even paying my bills, I simply sell my BTC to the trader, give the bill details and/or number to recharge upon and get it done almost immediately without any issues.
I find it weird that exchanges dominate everyone's thinking when they're the shittest and most dangerous option by a country mile.
Exchanges are dominating because they've got volumes (whether real or fake) and that's why they've taken over the OTC deals at a higher pace these days. I wouldn't prefer giving my details to any shady exchange (even the most reputed one) just because they won't let me withdraw my money, but would rather prefer going out of the box and remain private (not so safe if the trader turns out bad).
