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RE: An Update on Tauchain & Agoras (Exchange Listing + Interview Questions)

in #tauchain6 years ago (edited)

Probably something for you to put in your disclaimer is that OKEX only works for certain countries. US citizens are specifically excluded from withdrawing from this exchange. The exchange has some of the most strict KYC in the industry (even more strict than Coinbase, Bittrex, etc)

The above appears to be incorrect. My own stupidity here. But I do think BCEX is a bit shady as no one knows who runs it or how it works as it's not very transparent. If anyone knows more feel free to let us know.

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OKEX? Or you mean BCEX? Or are they the same??

(agrs is getting listed on bcex)

Whether it is the same company or not they both follow the same policy of blocking US and some other customers. So what I said about OKEX seems to also apply to BCEX. If you try to sign up they require a phone number (non US phone number). If you do manage to create an account then there is the chance they will do KYC before you can withdraw and block you if you're a US citizen.

There may be a way around this for US customers but I don't know the details to say how it works. So if any US customers have used this exchange feel free to post your experiences.

References

https://www.abitgreedy.com/bcex/

My mistake. I thought they were the same company. Website looks very much the same in terms of layout too.

Oh if that's the case, at least there's openledger/bitshares.. why they have such weird measure is beyond me..

It always bothers me when I see a mysterious organization (non transparent) yet willing to do KYC but at the same time refusing to accept US customers?

If they are going to go so far as to do KYC in the first place then they already are complying with regulations so what is there to lose accepting US customers at that point? So the policy would only make sense if there were going to be no KYC. Then it's a decentralized exchange or is it centralized? If decentralized then it's even more confusing and if it's centralized they need to be more transparent before I can recommend any serious person trade on it.

But yeah at least it's an exchange and hopefully it's enough to get AGRS back on Coinmarketcap.

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