The fast growing decentralized crypto exchange Bitmedex.com is only 2 year old, but already hit our top 200 promising exchanges.
It is a decentralized exchange, Bitmedex.com never asks you for the ID for a KYC, they use a trust deposit verification way. You don’t have to share your personal data with the site
You only have to make a minor deposit to your Bitmedex.com account activate your account. This is the best decision for the countries where crypto is not legal to hide your personality. Historicaly, BTC was made for a anonymous transactions
Bitmedex.com – KYC WITH A DEPOSIT
But for now, exchange giant such as Coinbase or Binance always require your ID to verificate your account.
In other words, The exchange later said that its infrastructure could not withstand the load due to a fivefold surge in traffic. That it experienced within 4 minutes. Most of the platform’s services were unavailable. So the exchange had to connect additional servers to cope with the influx of clients.
In addition, This is not fair for a crypto community, so many crypto exchanges appeared where you don’t have to share your private information, as a Bitmedex.com one. Being the young exchange they do operate with large amount of BTC, which we can see on their public BTC address which contains near 1250 BTC for now! Only with a deposit thing you can activate your account and open a limit of 10 BTC per day for withdraw.
Similarly Nowhere else you can see that, that’s a really insane we can see nowadays! CEO of Bitmedex.com is a former tech director of Exodus! You can highly trust this platform with their ideas and ideology.
Wouldn’t be so good without any failes from their side.
In conclusion, At the start of may, Bitmedex.com decided to lock accounts of users who moved to another country. They do security lock account for a 10 days after they log in from another IP address.
We have talked with Support of the site and we do not understand if this really neccessary thing. Anyway, this is their decision, and sometimes it can safe people from funds losing if their account is hacked.