- Joined
- Nov 7, 2019
- Messages
- 262
- Reaction score
- 64
- Points
- 83
I’ve been using Cryptomus to accept payments on my website and also as a personal wallet for receiving payments from clients directly.
I picked it because it offers free cross-chain transfers. Other exchanges have that too, but you have to go through KYC and deal with crazy taxes, especially if you’re in India (flat 30% with no deductions).
But today, I noticed a change. Now, Cryptomus requires KYC for more things. It used to be just for P2P and trading, but now it’s needed for:
I picked it because it offers free cross-chain transfers. Other exchanges have that too, but you have to go through KYC and deal with crazy taxes, especially if you’re in India (flat 30% with no deductions).
But today, I noticed a change. Now, Cryptomus requires KYC for more things. It used to be just for P2P and trading, but now it’s needed for:
- Receiving funds
- Withdrawing funds
- Creating a merchant account