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May 13, 2019, 11:23:27 AM |
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Hey, tiCeR.
'I came across people discussing about Nova exchange here and there, but just don't have any experience with them, hence the question.'
I finished trading there only weeks ago: don't have sufficient docs to pass the KYC/AML. But here is my review:
Nova changed hands last year. Was off-line for months. New owners began slowly re-opening earlier this year. They're Swedish, I think, so full cavity-search KYC/AML. I had Special Status for some time because I was an existing account holder. It seeeeeeemed that there'd be a little low-volume 'niche' that didn't require full KYC. But no.
Support was patient. Answered my questions cheerily.
Big Picture?? IMHO all crypto communities need to, at this point, see their suites of exchanges as divided into four parts, and balance the development of those parts. Certainly that is what is happening in the IndiaMikeZulu/DLX alliance:
One: old-fashioned CEXes, almost all now Total KCY/AML
Two: DEXes that are not anonymous -- like Cryptobridge -- which have the same KYC/AML requirements(!!).
Three: fully anonymous DEXes -- XBTS?? We all gotta pile in there!!
Four: p2p, which means developing trust with fiddly little in-house trades
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