I’ll be speaking here as a Nash user who is under a location restriction (Canada) but could apply to others that can stake, but not trade.
In here you’ll see that Tier 0 (those who never KYC) have a trading limit of $5000 a day and $30,000 a month. I think this is more than reasonable and allows those to do some basic trading. No issue here, but for those that have KYC’d in order to stake, we cannot trade even $1 on the exchange.
Where the issue really shows up is with the dividends of staking NEX. I have coin dust in a lot of channels and even if I reach the threshold to withdraw NOIA or LINK, it would require an ETH fee for every coin. Its been discussed of having a “Convert all to USDC” button, but that does no good to those that can’t legally use the exchange portion.
How can we fix this? Understanding that the laws of my country of residence dictates if I can and can’t trade, but if I open a second account, and never KYC, I can trade up to $5000 a day? Of course this doesn’t fix my issue of the dust in the channels.
I know there is an explanation but it seems a little backwards. Can we find a way to apply the same low daily trading limits to the restricted KYC accounts?