Poloniex Exchange drops KYC and In tier 1 with just an verified email and password users can withdraw up to $10,000 daily.
This new tier 1 also allow unlimited deposits and Spot Trading ,this feature has been enabled most due to customer feedback.
Centralized Exchanges mostly has a free account allowing users to take out up to $5000 daily with just a verified email, Binance is the one who give the customers opportunity to cash out up to 2 BTC (around $15,000) and now Poloniex will give also their customers to take out up to $10,000.
One thing to note also is that existing unverified accounts will be upgraded to this new tier 1 account.
Mandatory KYC is a step to fight money laundering and control criminal Behaviour from members but some exchanges are very strictly and even don't allow customers to withdraw funds without doing the Verification.
That behaviour from those Exchanges make customers to run and try to find user friendly and comprehensive Exchange rules that allow them to Trade and withdraw their funds below $5000 daily.
One thing That lead Traders to start using more DEX's are because this kind of Exchanges are user friendly and you can also control your assets without fear of losing them from Hacking because you have the control on them and, this move from Poloniex surely will bring to them more customers worldwide.
