MMO CR Cryptomus now asks for KYC (Know Your Customer) verification.

Adtecarmp

Well-known member
Joined
Nov 7, 2019
Messages
271
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:

  • Receiving funds
  • Withdrawing funds
  • Creating a merchant account
I really don’t get it. We’re basically just using it as a wallet. This update is a big letdown, and I’ll have to start looking for other options now.
 
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