Cryptocurrency Q&A
Is Nominex a KYC?
Is Nominex a KYC?
Martino
Wed Oct 16 2024
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7 answers
1892
I'm wondering if Nominex requires Know Your Customer verification. I'm trying to understand the platform's security and compliance measures, specifically whether they implement KYC for user identification and verification purposes.
7 answers
Eleonora
Fri Oct 18 2024
Nominex's "no KYC" policy is a unique aspect of the platform that appeals to many users. However, this policy comes with a limitation.
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CoinMasterMind
Fri Oct 18 2024
According to user reviews, the "no KYC" policy is only applicable if the user intends to withdraw no more than 3 BTC worth of cryptocurrency per day.
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AndrewMiller
Thu Oct 17 2024
With spot trading, users can buy and sell cryptocurrencies at the current market price. Futures trading, on the other hand, allows users to speculate on the future price movements of cryptocurrencies.
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BlockchainBaron
Thu Oct 17 2024
For users who aim to withdraw more than this amount, the policy no longer applies, and they are required to provide identification documents.
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CosmicWave
Thu Oct 17 2024
This requirement is in line with many other cryptocurrency exchanges that enforce KYC (Know Your Customer) procedures to comply with anti-money laundering regulations.
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