KYC/AML for smaller, regional exchanges - how does it scale?

asked by u/farid10 · 6d · 2 answers

I'm looking into some smaller, regional crypto exchanges for specific altcoin access, and I'm curious about how their KYC/AML processes typically scale compared to the big players. Are there common pitfalls or simplified approaches for these smaller entities that we, as users, should be aware of, or are the standards pretty much universal across the board?

Join the full discussion

Top answers

  • u/jasmine_p· 1 pts· 6d

    Smaller exchanges often rely on third-party KYC providers, which can mean varying levels of scrutiny. Don't assume the same robustness as a Coinbase or Binance; there's often a trade-off between accessibility to niche coins and regulatory oversight.

  • u/nattapong.sangthong· 1 pts· 5d

    ก็คงต้องระวังเรื่องมาตรฐานความปลอดภัยหน่อยครับ ของเจ้าเล็กๆ บางทีก็ไม่ได้เข้มเท่าเจ้าใหญ่ๆ ที่ต้องโดนตรวจสอบเยอะอ่ะเนอะ

Related questions