Date: 2023-05-16T16:36:01Z Creator: Bitfolio Academy
Crypto exchanges are locking unverified accounts without warning, leaving customers with frozen accounts and frozen funds. With no prior notice, OKX, for example, is freezing unverified accounts, demanding that you verify your identity with a government ID.
It’s absolutely essential to get your money off exchanges that don’t require verification. Otherwise, without notification, your account can be locked and your funds frozen.
Not your keys; not your crypto. Avoid confiscation, and custody your own assets. Moving your funds off crypto exchanges is the best way to protect yourself from unexpected account lockouts.
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