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(JaiChai) "It's a jungle out there. Be safe." RE: Kraken & Binance

jaichaiPosted for Everyone to comment on, last year


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"Taking Point"

Years ago, during Kraken's KYC/AML witch-hunts, I saw some of my friends' get their accounts frozen indefinitely.

I managed to liquidate just in the nick of time.

Then Binance decided to hold my trading privileges hostage unless I went though their KYC process - for the third time.

They didn't freeze my funds and allowed me to withdraw - AFTER raising the minimums required for withdrawal; meaning, if I wanted to get all my funds, I had to deposit more first.

That wasn't gonna happen.

I guess whatever I left behind is the price of another lesson learned.

"It's a jungle out there, indeed."

In Lak'ech, JaiChai

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