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Author Topic: Crex24 ~ No Verification  (Read 543 times)
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November 16, 2019, 07:56:49 PM
 #21

I think not strange. We use exchanges that do not require KYC verification. It's the same as using a wallet in general. It does not require KYC to make a wallet, which is stored in various kinds of coins. And this is safe. The difference between a wallet and an exchange is: if the wallet loses a private key / phrase, the wallet developer cannot recover, while the exchange if the password is lost can be retrieved by reset. This means that the exchange system stores our database, while dompen does not store the database. This is the importance of KYC for exchange users.

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