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Listing criteria and evaluations
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- What is the KYC Level?
+ What is the KYC Level?
It is a way to rank the KYC types and probability for a particular exchange. The levels go from 0 (No KYC at all) to 3.
- - Level 0: No KYC. The exchange ToS do not mention that it will ever request the user for a KYC verification.
- - Level 1: KYC is rare. The platform does not mention KYC/AML procedures as such, but the service has the right to share acquired data with representatives of the authorities and block funds or reject transactions.
- - Level 2: The exchange may request KYC. Although KYC is not mandatory, the exchange reserves the right to require KYC for a certain user at a certain moment and may block funds. May be that a transaction is detected as suspicious or any other reason.
- - Level 3: KYC is mandatory in order to use some features. Also, a non-KYCed user can be asked to verify their identity at any time or any moment for any reason.
+ - Level 0: No KYC. The exchange ToS do not mention that it will ever request the user for a KYC verification.
+ - Level 1: KYC is rare. The platform does not mention KYC/AML procedures as such, but the service has the right to share acquired data with representatives of the authorities and block funds or reject transactions.
+ - Level 2: The exchange may request KYC. Although KYC is not mandatory, the exchange reserves the right to require KYC for a certain user at a certain moment and may block funds. May be that a transaction is detected as suspicious or any other reason.
+ - Level 3: KYC is mandatory in order to use some features. Also, a non-KYCed user can be asked to verify their identity at any time or any moment for any reason.