A conversation highlighted disgust at how many CEXs treat customers
Customers are essentially treated like criminals
Want to receive funds? Then the platform demands hundreds of documents and a retina scan
After completing that and receiving $10 in ETH from an external wallet?
The platform still asks for the counterparty's full name, birth certificate, and even the firstborn child before crediting the account
If the user sent the money, the platform insists on the same information regardless
Customers are presumed guilty until proven innocent
These practices drive many toward decentralized solutions