Cointolab removed KYC. Now it’s even easier to start using cointolab. Exchange, like many other exchanges, used KYC to verify users. It was possible to use the services only after the verification was passed. Cointolab removed the KYC for better user experience and highlighting the status of the cryptocurrency as a secure exchange.
However, exchange has introduced external address verification for users to secure the assets of all exchange participants. The procedure is simple and most users will not notice it. Verification of the external address takes place automatically as soon as the user makes his first deposit on the exchange. Cointolab believes that this policy will protect accounts from fraudsters and keep assets safe.