To be honest.  They have a lot of activity.  That is the most often Local board I ever visited and I am pretty sure I even wrote some replies there a few times.  I am guessing that b1exch thought there was some potential for customers from that part of the world.

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My problem is not that they are not pushing back.  If you had a multi million dollar business you may not want to fight back either.  It means putting your current life environment under risk of becoming 'broke' again.  It could even put your freedom at risk.  Would you seriously have the balls to do that?

My problem is with the way they are doing it.  It is often imposed in a very cunning way.  For example, not asking for any documentation or identity when depositing but requiring it to withdraw.  That is very evil.  I understand why an Exchange wants to follow regulations strictly and I actually respect the Exchanges that have a clear, fair policy.  If you are asked upon registration, it remains your choice to either give up your identity or not.  In the other example I gave, you are pretty much forced to give it up.

If the platform clearly states there is a Know Your Customer policy, it is us who should stop choosing them and move on to other platforms like b1exch.  Unless we collectively do this, these regulations will continue to exist.  But even if we stop choosing them, it would still be partially a win for the people who want to destroy the Cryptocurrency industry.  They could keep Know Your Customer policies in the book of law while Exchanges are losing customers, which ultimately destroys their businesses.  Who is that really a loss for?

I don't know if Nigerians dominate the forum but I'm very sure that we've many good members on the forum who're from Nigeria. The art contest was somehow related to Nigerians and that might be the reason why B1exch launched it for members for Nigeria. I'm pretty sure there will be more contests for the whole forum in future. All we have to do is to wait for those contests.

They use it as an excuse for scam, as operate without a license or with a license purchased from internet or require users to prove their identities and the source of funds  to steal from those who fail to send their documents. If identity verification is required, use good exchange with a known license.

We have updated the information on your exchange page at KycNotList.

Page: https://kycnotlist.com/en/exchanger/b1exch

If the exchange owner or users notice any incorrect, outdated, or missing information, please let us know and we will review it.

Best regards, KycNotList.

You're not alone, because of that mixer connection many people faced issues on Binance and that's why one should always be cautious when depositing funds to a centralized exchange because they can literally freeze those funds anytime.

Well, you were still lucky that they listened to you and refund your funds, but in some cases users might not get their funds back. If I'm not wrong your funds weren't that high, that might be the reason why they refund it to you. I've also faced some issues with Binance but they're somehow good at solving issues. Although, that's a centralized exchange, but to be honest, it's not that bad.

Very true, services like b1exch never ask for source of funds because they value privacy of their users and for them privacy matters more than anything else.

Many simply have no choice: if an organization becomes highly significant in the market and is centralized, it must either comply with the rules set by regulators or face being forced out of business - either abruptly, if possible, or gradually. Here and in other forum threads, we’ve already mentioned major CEXs that were initially noKYC, but no matter how much they might have wanted to operate that way, various requirements (we don’t know, maybe even threats) began to emerge, demanding user identification in one form or another. In some cases, you just need to send a photo of your passport; in others, you have to take a selfie and fill out a bunch of personal information; and in still others, there are additional document requirements. Here, it’s more a matter of a lack of real choice than a reluctance to fight back.

You are wrong; the funds they froze were bigger. As far as I can remember, it was round $56K, and the total fund was frozen. It was a costly lesson for me; I have suffered for my stupid decision to keep funds in a centralised exchange. To be honest I was depressed for those funds; it was my total savings that I had been using for trading there.

Later I decided to not keep large funds in the centralised exchange that I can afford to lose. Now I store my funds in a hardware wallet; when necessary to trade, I move them into a different exchange. After the trade, I move them back again to the hardware wallet. I am also thinking of using an instant exchange like b1exch; I'm just looking for an opportunity in the market.

$56k without any doubt is a big amount, and when such amount gets frozen one most probably get depressed. You were fortunate enough to get your funds back because such high amount could be a huge loss mate. At least most of us can learn a lesson after hearing your story and that's to not keep your money at a centralized exchange. That's why everyone says that not your keys, not your coins, however, you were smart enough to approach them again and again and I believe you were lucky that your got your funds back.

That's a good thinking, since all your funds get deposited in your own wallets thus using a platform like b1exch is a best choice for you. At least you'll have peace of mind that your funds are in your control instead of an exchange's control.

Congratulations to our last event winner! f150!

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No more long wait because another set of Price Prediction arrived!

✅ b1exch.to | Bitcoin Price Prediction - Apr 28 | 🎁 Prize $75!


b1exch.to is a fully automated exchange that accepts .Bitcoin, Litecoin, Monero, Ethereum, DAI ' USDT. and exchanges take minutes. Financial privacy is not a crime, but rather a matter of basic common sense. No registration is required, and there are no logs or JavaScript. Welcome!

• Rules/Prizes

➥ Post Bitcoin price prediction for April 28th (once submitted, you cannot edit your post).
➥ Thread will be closed on April 26, 2026, 23:59 UTC
➥ The winner will be determined based on the Bitcoin price at 23:59 UTC, Apr 28(CMC). 🕐
➥ The one closest predictions will WIN $75. 🎁
➥ Double/Triple prediction if you've already tested the swap and left a comment on kycnot/b1exch or monerica/b1exch.

Good luck to all participants!