Recently several sites exchange give a reward for pass kyc! Do not use new exchange sites Because no one knows if it is legit or not
Always use old and safe exchange site like yobit.net , binance.com, this two sites does not require kyc
Topic: A lot of large exchanges with high risk (Read 210 times)
Not your keys, Not your coins.
As long as you do not have the private key in your wallet, you are not safe even if you use Binance.
Using a "large exchanges" will reduce the risk of losing your money but will not prevent it.
In the near future all platforms will be subject to laws so even if you are safe now, you should think in the future.
Just like what happened on Poloniex back in the past where it is still famous and top tier once and when regulation is implied then its rankings dropped down to the bottomAs long as you do not have the private key in your wallet, you are not safe even if you use Binance.
Using a "large exchanges" will reduce the risk of losing your money but will not prevent it.
In the near future all platforms will be subject to laws so even if you are safe now, you should think in the future.
but still they are operating but as expected users count do drastically dropped.We cant say that Binance wont go on the same direction, for now it do still managed to be non-kyc exchange
but later on it might changed.
But in fact there are no exchanges that are 100% absolutely safe because crime always targets from all sides. It's not just about exchanging, but we also have to be careful in managing our assets from the hunters who always wait when we are careless.
Not sure what KYC procedures and riskiness have to do with one another, aside from criminal behavior that would be facilitated by exchanges that don't have strict KYC policies--but that doesn't affect the average trader. It's more a risk to society at large than to the average guy who uses the exchange to do a little trading. So all in all, the title here is a bit misleading.
They surveyed 2016 exchanges? That number blew my mind! I didn't realize there were so many of them in existence, and I can guarantee I've only heard of probably 5 of them. And as far as exchanges like Binance and Poloniex go, I'm not at all concerned about how stringent their KYC enforcement is. I don't trade with fiat and thus have never had to verify my identity, nor am I a money launderer or terrorist or a criminal. So I don't think I'm at risk of anything adverse happening because of this.
They surveyed 2016 exchanges? That number blew my mind! I didn't realize there were so many of them in existence, and I can guarantee I've only heard of probably 5 of them. And as far as exchanges like Binance and Poloniex go, I'm not at all concerned about how stringent their KYC enforcement is. I don't trade with fiat and thus have never had to verify my identity, nor am I a money launderer or terrorist or a criminal. So I don't think I'm at risk of anything adverse happening because of this.
Not your keys, Not your coins.
As long as you do not have the private key in your wallet, you are not safe even if you use Binance.
Using a "large exchanges" will reduce the risk of losing your money but will not prevent it.
In the near future all platforms will be subject to laws so even if you are safe now, you should think in the future.
As long as you do not have the private key in your wallet, you are not safe even if you use Binance.
Using a "large exchanges" will reduce the risk of losing your money but will not prevent it.
In the near future all platforms will be subject to laws so even if you are safe now, you should think in the future.
Probably the exchanges with full kyc and aml policies are more secure because they care more about security. Btw. Binance classified as high risk. Take a look at Coinfrim AMLT raport.
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
I do not understand what this high risk means. Is it considered high risk for investors because they do not know who their customers are? Or high risk for the countries involved because of possible laundering money activities and financing of terrorism?
For me, what does it matter whether an exchange asks me for KYC or not? If they want to steal my money they will do it.
Probably the exchanges with full kyc and aml policies are more secure because they care more about security. Btw. Binance classified as high risk. Take a look at Coinfrim AMLT raport.
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
KYC does not grantee that the exchange is not risky or it cannot be compromised. KYC is only for the site to discourage any money laundering or any such illegal act. Binance is the No. 1 exchange and they have implemented good security which is hard to break.
Also hackers keep on attacking the exchanges, so it is never advisable to keep all your funds on the exchanges.
Probably the exchanges with full kyc and aml policies are more secure because they care more about security. Btw. Binance classified as high risk. Take a look at Coinfrim AMLT raport.
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
This has already been discussed, but I'll say it again: if Binance is a high risk exchange, then what name will we give to exchanges like: Yobit, Mercatox, BiteBTC? and has many other exchanges that does not have good quality like binance has
look here:
https://coinmarketcap.com/rankings/exchanges
has many exchanges, but less than 10 exchanges provide good services
Risk can be interpreted as a reality that does not match what was previously expected. Each type of investment, of course, has risks including if you choose deposit interest as an investment.
Although there are terms of high risk, high return or higher risk, it means that the higher you can get. However, what needs to be understood is that there are risks in investments that are not separated. You must know any risks and then look for solutions.
Here is one type of risk that is sure to exist in the investment world;
Interest Rate Risk
This risk can be interpreted as a risk caused by changes in interest rates on the market that will affect investment income.
For example, the bond interest rate is 8-10% in general, but then the government issues a Retail Tribe that has interest rates of up to 12%. That way, of course investors prefer the Retail Tribe.
Although there are terms of high risk, high return or higher risk, it means that the higher you can get. However, what needs to be understood is that there are risks in investments that are not separated. You must know any risks and then look for solutions.
Here is one type of risk that is sure to exist in the investment world;
Interest Rate Risk
This risk can be interpreted as a risk caused by changes in interest rates on the market that will affect investment income.
For example, the bond interest rate is 8-10% in general, but then the government issues a Retail Tribe that has interest rates of up to 12%. That way, of course investors prefer the Retail Tribe.
I don't think KYC is really the best criterion for judging the security of an exchange.we have seen projects in the past with full kyc turning out to be scams.Kyc deployment with adequate security measure (from hackers) does not solve any problem.
It is recommended that you mention specifically and include the proof or link information that you get.do you mean binance or all exchanges?
I don't think all exchanges are at high risk, although some show failures in security.
Probably the exchanges with full kyc and aml policies are more secure because they care more about security. Btw. Binance classified as high risk. Take a look at Coinfrim AMLT raport.
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
I just prefer the well known exchanges. Another this is that, I just use exchanges when converting coin from another, I don't store coin in an exchange, I transfer it immediately in my secure open source wallet called Hodler. In this way, I can be sure that I have the full control over my funds. It's important to have the full access over our private key, this assures us that no one is doing something with our assets. https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
I don't think KYC is really the best criterion for judging the security of an exchange.we have seen projects in the past with full kyc turning out to be scams.Kyc deployment with adequate security measure (from hackers) does not solve any problem.
Binance at high risk? okay it's your analysis or probably that article's. What you should consider in choosing exchanges? those who doesn't have it's integrity and reputation to protect. A lot of scam exchanges are existing today that can't even provide the quality customer service that everyone wants. If your basis for these exchanges will be like that, what people are going to choose anyway?
This has already been discussed, but I'll say it again: if Binance is a high risk exchange, then what name will we give to exchanges like: Yobit, Mercatox, BiteBTC? and has many other exchanges that does not have good quality like binance has
Exactly!
Probably the exchanges with full kyc and aml policies are more secure because they care more about security. Btw. Binance classified as high risk. Take a look at Coinfrim AMLT raport.
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
This has already been discussed, but I'll say it again: if Binance is a high risk exchange, then what name will we give to exchanges like: Yobit, Mercatox, BiteBTC? and has many other exchanges that does not have good quality like binance has
look here:
https://coinmarketcap.com/rankings/exchanges
has many exchanges, but less than 10 exchanges provide good services
Probably the exchanges with full kyc and aml policies are more secure because they care more about security. Btw. Binance classified as high risk. Take a look at Coinfrim AMLT raport.
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
This has already been discussed, but I'll say it again: if Binance is a high risk exchange, then what name will we give to exchanges like: Yobit, Mercatox, BiteBTC? and has many other exchanges that does not have good quality like binance has
look here:
https://coinmarketcap.com/rankings/exchanges
has many exchanges, but less than 10 exchanges provide good services
Probably the exchanges with full kyc and aml policies are more secure because they care more about security. Btw. Binance classified as high risk. Take a look at Coinfrim AMLT raport.
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
This was discussed already: https://bitcointalksearch.org/topic/binance-a-high-regulatory-risk-5126451
Probably the exchanges with full kyc and aml policies are more secure because they care more about security. Btw. Binance classified as high risk. Take a look at Coinfrim AMLT raport.
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
https://www.cryptonewsz.com/most-of-the-crypto-exchanges-still-lack-strict-kyc-policy-says-report/13123/
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