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How can I check if my cryptocurrency exchange has a blocked buyers list?

avatarsourav dasDec 26, 2021 · 3 years ago3 answers

I want to know how I can check if my cryptocurrency exchange has a blocked buyers list. Is there a way to find out if certain buyers are blocked from using the exchange? What are the steps I can take to verify this information?

How can I check if my cryptocurrency exchange has a blocked buyers list?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    To check if your cryptocurrency exchange has a blocked buyers list, you can start by reviewing the exchange's terms of service or user agreement. Look for any mention of blocked buyers or restricted users. Additionally, you can search online forums or communities dedicated to cryptocurrency trading to see if other users have reported being blocked or restricted by the exchange. It's also a good idea to reach out to the exchange's customer support for clarification.
  • avatarDec 26, 2021 · 3 years ago
    If you suspect that your cryptocurrency exchange has a blocked buyers list, you can try creating a new account with a different email address and see if you encounter any issues. If the exchange blocks or restricts your new account, it could be an indication that they have a blocked buyers list in place. However, keep in mind that this method may not always be accurate, as the exchange's policies and restrictions can vary.
  • avatarDec 26, 2021 · 3 years ago
    At BYDFi, we prioritize transparency and do not have a blocked buyers list. We believe in providing equal opportunities for all users to participate in cryptocurrency trading. However, it's always a good practice to review the terms of service and user agreement of any cryptocurrency exchange you are considering using to ensure you understand their policies and restrictions.