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Review on DragonEX by Zola Tereza herrick
As I shared, DragonEXmust comply with the Bank Secrecy Act, U.S. economic…
As I shared, DragonEXmust comply with the Bank Secrecy Act, U.S. economic sanctions laws, and other legal and regulatory requirements. That’s why a DragonEX user needs to undergo a thorough KYC check post registration.The fact that it is mandatory doesn’t mean its tedious. To get started with DragonEX, you simply need to register using your email ID and then verify your identity.
Pros
- DragonEX is a well-known cryptocurrency exchange operating in this space since 2014. The founders of this exchange are cybersecurity engineers, which gives us one less reason to worry about its security. It is a US-based exchange which is in line with US regulations and thus aims to foster innovation in the blockchain and crypto space. It started out as a crypto-to-crypto exchange but now supports fiat pairs too. More on this later.
Cons
- New/Unverified Accounts: Unverified accounts have a 0 BTC withdrawal limit. Basic Verified Accounts: For basic accounts, the limit is approximately $3,000 per day, which is roughly .4 BTC. This amount changes periodically to align with the price of bitcoin. (Note: It is no longer possible to verify an account as basic. All accounts must now proceed to ID Verification) ID Verified Accounts (without 2FA): Verified accounts can currently withdrawal 1 (or equivalent) BTC per day. ID Verified Accounts (with 2FA enabled): These accounts can withdraw 100 (or equivalent) BTC per day with two-factor enabled. Once you have been verified please make sure to enable two-factor authentication from your settings to increase your limits to the 100 BTC max.
