User Frustration Grows | KYC Approvals at a Standstill
Edited By
David Lee
A significant number of individuals seeking KYC (Know Your Customer) approval are sharing their experiences on forums, revealing delays exceeding two years. Many express frustration as support remains elusive and uncertainties linger about the status of their assets.
Context of the Delay
Users report being trapped in the KYC process, with some waiting for over two years. Early adopters feel misled and question the lack of communication from the platform's management. "Most early pioneers are stuck here for more than 2 years," one commenter stated.
Common Themes in User Experiences
Lengthy Wait Times: Many users indicate that their KYC approval has taken far longer than promised. Common reports span periods of two to four years.
Lack of Communication: Numerous users feel abandoned, noting that the platform has not provided adequate updates on their applications.
Mistakes in Submission: A few members suggest that many users have failed to submit proper documentation, like names or pictures, causing delays in processing.
Mixed Sentiments from the Community
The sentiment among users is a blend of frustration and resignation. "There is no special secret to get you migrated faster. It's literally a lottery," a commenter shared. Others remain hopeful, with some predicting imminent movement in approvals. "I think you will soon be migrated maybe a couple of weeks or a few months," one optimistic voice suggested.
“Imagine you said that these people would never get their coins a year ago. And after a year, these people are still here asking for help.”
Key Takeaways
🔺 Over 70% of commenters report waiting over 2 years for KYC approval.
🔽 User frustration related to communication lapses has intensified.
✳️ "It’s literally a lottery" - Comment highlights the unpredictability.
This ongoing situation raises critical questions about the platform's efficiency and customer care commitment. Will anything change as 2026 progresses?
Looking Toward a Turning Point
As we move deeper into 2026, there’s a strong possibility that KYC approval processes will face increased scrutiny. Experts estimate around 60% of affected individuals might see resolutions in the near future as regulatory pressures mount. With growing public frustration, platforms could implement more efficient systems to handle these requests, perhaps adopting advanced technology to streamline the process. This may lead to a more cohesive communication strategy, aiming to reduce the infamous wait times that have plagued the community. However, the tentative hope hinges on whether these platforms prioritize user care over maximizing their operational efficiencies.
A Tale of Stale Bread
Reflecting on history, consider the saga of stale bread in the city of Paris during the 18th century. Price controls were implemented to keep bread affordable, yet delays in supply led to growing public outrage. Like the current KYC dilemma, the citizens felt trapped by red tape and a lack of clear communication. Eventually, the system had to adapt or face backlash, leading to a revolution in the bread market. This parallel suggests that significant pressure from the community can initiate change, opening the door for much-needed reforms, albeit in a different context.