What the fuck is this shit? is this for real?

>kyc
OP's fucked if he doesnt live in asia i think huobi is only allowed for use by asian residents

the only reason i signed up is cuz i dont wanna do kyc

it had the best liquidity for the coins im interested in, i got accounts on multiple exchanges but since i did a lot of arbitrage i just got a big dildo in the ass

Does binance pull shit like this? I know there is a daily limit im not too nuts about.

pls tell me ur joking

source?

you have to do kyc to get any sort of real withdrawal limit. i hope you live in a country that huobi allows to be on their system otherwise youre screwed

binances daily limit for people who have verified accounts is 2 BTC and for KYC accounts its 100 btc
i might be wrong actually but you have to pass their KYC. their daily withdrawal for unverified accounts is like $200 worth

How hard is it to trick binance KYC? If I said I was some guy from somalia and used a photoshopped picture of some random guy off the internet, how would they know?

they would know, they require your picture with you holding up your id and a timestamped piece of paper

Could I just hire a somali man off fiverr to do this for me and use that photo to register an account?

unless you want to also give this somali man access to your photo ID no, since you actually have to hold it in the picture...why are you so tinfoil hat? KYC is just so drug dealers and terrorists cant launder through binance but legit people like you and me are fine and if youre worried about the IRS, binance is offshore so there is no US jurisdiction therefore IRS cant touch their records.

However, a new provision of the Foreign Account Tax Compliance Act (FATCA), originally passed in 2010 that will take effect in July 2014, is poised to create a whole new level of scrutiny of foreign bank accounts held by American citizens. This new provision will require foreign financial institutions to report information about their American account holders (including both citizens and green card holders, regardless of where they live) to the IRS.

I am not verified on binance and I've withdrawn a Bitcoin or more on numerous occasions. Binance is nice

>he got his funds locked in

CHINKED

and binance is not a foreign financial institution that has bank accounts...its a cryptocurrency exchange...

let me ease your mind more. its really easy to report taxes enough to keep the irs off your back. if you daytrade i cant help you there and good luck with the mountain of paperwork but if you make a trade like example buying eth on coinbase then buying xlm on binance then selling the xlm for eth at a profit then selling the eth on coinbase back to bank account. you would only report the eth>eth>usd gains. but if youre a daytrader making tons of trades per day then again good luck with the paperwork but if you are small time trader who holds then sells for profit its literally as easy as just reporting coinbase gains/losses

tfw you are forced to hodl meme

Attached: brendo Frewudiwe.jpg (577x711, 66K)

i should also add if you have a w-2 job that makes it even easier to skirt the irs as you can make up the excuse that all the money you got to buy the crypto came from your job paychecks

I think a lot of these exchanges know that the hammer is coming soon. Seems like they are on a slow exit scam. Take everyones money in an incremental manner, then run off with it and live their retirement hoping they won't be found and put in jail.