I see there are still some small and shady ones out there. Or at least very small in volume.
How's the verification process for them?
I'm asking because I've been away for some years and I remember the times when you could open an exchange account in 5 minutes and start trading.
Are those times long gone now with the big guys?
Thanks.
Welcome back first of all, yes times are different, now you can open an account but if you are going to withdraw huge amount, then you have to undergo KYC process, it's mandatory for some. So you have to submit your personal documentation + selfie.
And there are occasion that centralised exchange might confiscate your alts without warning and will just throw a lot excuses in your face. So don't open account on those mid to small tier exchanges as most likely they are faking their volumes or worst do exit scams.