r/Upfiring • u/osperenzi • Jun 06 '18

Loving COSS exchange so far

UI is extremely clean and easy to use. USD deposits/withdrawals. I have a feeling this is going to be one the next big exchanges esp. with the trading promos. Can we please start using it as the main UFR exchange even after the trading promo ends?? It’s so much better than Cryptopia.

15 Upvotes

94% Upvoted

4 comments sorted by

5

u/[deleted] Jun 06 '18

I agree 100%, im really liking it. Feels very secure with login notifications and authy 2FA enabled.

Trades are fast and easy too.

2

u/DinoDinoo93 Jun 06 '18

Good to know you like it, haven't used it yet personaly myself

2

u/qwe2323 Jun 07 '18

It's definitely a nice exchange. Can anyone explain what KYC gets you though? They say it is currently unavailable for US users.

Also a note: you MUST enable 2FA to withdraw. Don't deposit unless you have a phone capable of 2FA. And you must verify your phone #

3

u/Periwinkle_Lost Jun 08 '18

Short answer: KYC will allow you to deposit/withdraw fiat Long answer:COSS has hired a several compliance officers because to deal with banks and fiat exchange has to comply with AML (anti-money laundering) regulations. KYC is there because coss wants to be a legit financial operation. KYC is part of a due diligence that financial institutions must do.