Be cautious of newly created services or fake no-KYC exchanges and swap services that pretend to be legitimate but actually they are just resellers!
Passing your crypto to another platform like WhiteBIT etc. If your funds get flagged or frozen, these resellers won’t be able to help you resolve the issue.
Best regards,
— Trêvoid
This is good advice. In this industry, new platforms and fake exchanges and services show up almost every day. They may use features like No KYC, No AML, and No Logs, along with competitive fees, just to lure users into their scheme.
Also, most of these new platforms are are just resellers, and I don't know why some people choose to use resellers instead of dealing directly with the official providers.
That's why I believe using resellers is risky. I don't see them offering any real benefit or being able to solve problems if they have problems with the original providers.