Topic: About my safety on exchange (Read 515 times)
Unless things have changed recently, I would suggest to try KuCoin as they didn't have KYC requirements. It could depend on your country, but give it a shot and see if it works for you.
I’m only comfortable submitting KYC on huge exchange since some mediocre exchange already have a reputation on leaking KYC info to sell in the deepweb market.
Huge exchanges like Coinbase, which admitted to selling customer data to third parties? Or like Binance, which have been hacked for KYC data which then appear across various darknet markets? Or maybe other huge platforms like OpenSea, Robinhood, Coinmarketcap, or BlockFi, all of which have had data breaches resulting in user data being strewn across the internet?It doesn't matter how big, how well known, how long established, or how reputable any platform is. Every single time you complete KYC you are taking a significant risk. The only safe KYC is no KYC at all.
They're only look from the past history where the exchanges have very high popularity and no KYC leaked so far, but the future is different and you can't predict the future with the past history. They thought as long as now there's no problem, why should I care about it? but when the exchange got hacked, they will regret what they've done.
I’m only comfortable submitting KYC on huge exchange since some mediocre exchange already have a reputation on leaking KYC info to sell in the deepweb market.
Huge exchanges like Coinbase, which admitted to selling customer data to third parties? Or like Binance, which have been hacked for KYC data which then appear across various darknet markets? Or maybe other huge platforms like OpenSea, Robinhood, Coinmarketcap, or BlockFi, all of which have had data breaches resulting in user data being strewn across the internet?It doesn't matter how big, how well known, how long established, or how reputable any platform is. Every single time you complete KYC you are taking a significant risk. The only safe KYC is no KYC at all.
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Hello 👋 how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.
Most of the exchange platforms require that you pass KYC to buy cryptocurrencies and to trade and there is no harm to you, the exchanges do this to prevent money laundering and to prevent scams so do not worry at all and submit documents while you are assured, or you can deal on decentralized platforms such as Bisq.Network or you can deal through escrow in this Forum and buy from people, or if you want to buy bitcoin then you must have altcoins where you can buy bitcoin through ShapeShift without verification.Exchange like Kucoin doesn’t require users to KYC but with limit amount per day. But the limited amount is already enough for normal traders that has a normal balance. It’s true that KYC purpose is for the AML requirements of the exchange that needs to be submit on regulators that provides them license to operate. Buying P2P here in the forum is very hassle unless you are very trusted and other party can send you directly first the token to save escrow fee but it’s not advisable on buying and selling to stranger because it’s very hassle base on my experience before.
Kucoin is my preferred exchange when it comes on trading without KYC. I’m only comfortable submitting KYC on huge exchange since some mediocre exchange already have a reputation on leaking KYC info to sell in the deepweb market.
To be able to use P2P, all must KYC, this is to prevent money laundering and trade fraud.
That's not accurate at all. There are a number of peer to peer platforms which not only don't collect KYC, but don't even have a mechanism in which they could collect KYC even if they wanted to since there are no accounts or registration required. Check out Bisq or RoboSats for example, or others available here: https://kycnot.me/.Further, there is no evidence that KYC is effective at preventing money laundering. KYC is about surveillance and control, nothing else.
As for buying bitcoins on Kucoin exchange, I don't think it is too bad since they do not force you to do KYC
Until you trigger one of their unknown algorithms and they lock your account and demand KYC.If am wrong pls you can list atleast one exchange which you can use their P2P without submitting kyc.
Bisq, RoboSats, LocalCryptos, HodlHodl, LocalMonero, AgoraDesk. More here: https://kycnot.me/There's nothing really wrong with KYC
Apart from the complete lack of privacy. And the risk of your details being hacked/stolen/leaked/sold. And the risk of identity theft literally ruining your life. No, nothing wrong at all. 
[...] there is no harm to you, the exchanges do this to prevent money laundering and to prevent scams so do not worry at all and submit documents [...]
That's potentially harmful advice to give, IMO. As pointed out earlier in this thread, there are very serious risks associated with sharing PII (see Why KYC is extremely dangerous – and useless).[...] or you can deal on centralized platforms such as Bisq.Network [...]
I think you mean decentralized platforms. Bisq is great and that's a fine suggestion! 
Hello 👋 how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.
Most of the exchange platforms require that you pass KYC to buy cryptocurrencies and to trade and there is no harm to you, the exchanges do this to prevent money laundering and to prevent scams so do not worry at all and submit documents while you are assured, or you can deal on decentralized platforms such as Bisq.Network or you can deal through escrow in this Forum and buy from people, or if you want to buy bitcoin then you must have altcoins where you can buy bitcoin through ShapeShift without verification.
There's nothing really wrong with KYC, but you should pick your exchange carefully. I use the Binance exchange, and I've been verified for KYC there for about 4 years now, even though they don't require it of their users. You can still use the Kucoin and CoinEX exchanges without having to be verified for KYC, though. If you intend to buy in large quantities, centralized exchanges are not secure. They will become suspicious of your actions the instant they realize you are buying in small amounts.
That means you still have lot of lapses regarding that because they are centralized exchanges and can at any fucking time demand for KYC, expose you to government or got your assets lost completely if they were attacked, why not use a decentralized exchange and remain safe just as advised by o_e_l_e_o here you can independently had access to your coins without barriers at any point in time since you're in possession of the keys to get them even if you have a change in device used.
Regarding KYC, some exchanges that initially did not do KYC are currently asking all members to do valid KYC. The security of each exchange will be different and no system is secure, everything will be hackable. the best way is to store assets in a personal wallet with full access and only we ourselves can access it. But for the use of the exchange it is only used when you want to trade with some of the assets that are used and in some time will be back deposited into a personal wallet.If you really don't want to do KYC better do use a DEX exchange as o_e_l_e_o said.
Exactly right, another loophole many gives little attention to is privacy with their gambling experience, they focus on having only privacy with their bitcoin investment and trading but risk that with gambling, i believe if one must make use of of a secured network like that in bitcoin then it must be maintained althrough in every activities that involved the use of bitcoin even while gambling, there are many online casinos that are free of kyc, just as one avoided centralized exchange then KYC casinos must be avoided as well.
Thanks for your replies I am now using Huobi and Bitgert, they don't make KYC 100% compulsory
Just don't surpass the limit that they've given to unverified accounts. Yeah, they may not require you 100% KYC for now but eventually, anything can happen. So, should you be asked for KYC, it's because of the policies that they have and it can be done to any of their customers so just be prepared for that to happen at any moment.
Also, when your withdrawals are quite high for them, they'll force you to KYC. That's the other side of these non-kyc centralized exchange at first. Binance was once like that.
Not all P2P platforms are no KYC, Binance P2P is the example of P2P platform that would ask KYC.
I think you don't get my Point, maybe you should try and read the post again, I said you can buy coin in some exchange but if you want to make use of any exchange P2P you have to submit your documents, If am wrong pls you can list atleast one exchange which you can use their P2P without submitting kyc. You can make use of kucoin exchange even without submitting kyc, but you can't access their P2P futures if you don't submit your kyc. You're wrong to suggest Pancakeswap and Uniswap as the decentralized exchange to buy Bitcoin, there's no way you can buy Bitcoin using Pancakeswap and Uniswap since they're only use ETH and BSC chain. You're only can bought fake Bitcoin e.g. BTCB (Fake Bitcoin run in BSC chain) and WBTC (Fake Bitcoin run in various chain). It's not even a decentralized exchange, but a swap exchange.
Am not really sure about what you mean by bitcoin runs in different chains are fake, I don't know how true it is, but the OP mentioned coins and he didn't specify if he is buy bitcoin or not, the OP said coin so its not compulsory he buys bitcoin, and I can tell you if you don't want to reveal your identity to any exchange then its better you go for decentralized exchange. To be able to use P2P, all must KYC, this is to prevent money laundering and trade fraud.
Huh? I think you got your wires crossed there. If a P2P platform requires KYC, stop using it, because then it's not genuinely peer to peer. On a properly designed P2P exchange, you will never be required to attach your real identity to your account or to any given trade (although your payment method might expose you, so be careful).
I use Huobi, Bitget and Gate.io for crypto purchase without KYC verification, there will be some limit on buys per day but that's if you want to buy a very big amount worth of token or coin, so far only Binance exchange forced KYC on users from the list of the best exchanges that I like.
Hello 👋 how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.
Never mind the KYC as it gives you additional funds and account security especially if you are dealing huge amount but provided that you are sending it to the right person or exchanges or else it will fall into the wrong hands. But if you are too concerned about this KYC thing, I will say that it was hard to find reputable exchanges that never ask that. In fact, Binance doesn't ask this before but due to an increase in scams and hacking incidents, leads to such actions. 
Not all P2P platforms are no KYC, Binance P2P is the example of P2P platform that would ask KYC.
You're wrong to suggest Pancakeswap and Uniswap as the decentralized exchange to buy Bitcoin, there's no way you can buy Bitcoin using Pancakeswap and Uniswap since they're only use ETH and BSC chain. You're only can bought fake Bitcoin e.g. BTCB (Fake Bitcoin run in BSC chain) and WBTC (Fake Bitcoin run in various chain). It's not even a decentralized exchange, but a swap exchange.
Yes, the bitcoin you get here are not real bitcoin.The only truly decentralized exchange is only Bisq and it's not good to use Kucoin as been stated by @o_e_l_e_o above.
As for buying bitcoins on Kucoin exchange, I don't think it is too bad since they do not force you to do KYC, there might be some limitations with non-KYC accounts, but I do not see too much impact on Bitcoin buying as a whole. You can buy bitcoin on kucoin and then you can transfer it to your personal wallet it doesn't reveal your identity.
You could use p2p exchanges in your country or could buy from your irl friend or something. I never feel safe with kycs, but then again for fiat >> crypto, you likely have to go through it.
Hello 👋 how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.
Centralized exchanges are the last place you may want to buy coins if privacy is an utmost priority to you, as soon as you submit your documents, that is all. My problem with these exchanges these days is that they do have problems on daily basis with government agencies which makes it difficult for me to even trust them, I know government organizations aren't different but both they have common goals which are always self-interest. Do not do KYC, and don't send your documents to any group of organizations just to buy any coin, you don't know what they might later do with them.
You can make use of any decentralized exchanges of your choice as an alternative to exchanges that require document verifications.
That means you still have lot of lapses regarding that because they are centralized exchanges and can at any fucking time demand for KYC, expose you to government or got your assets lost completely if they were attacked, why not use a decentralized exchange and remain safe just as advised by o_e_l_e_o here you can independently had access to your coins without barriers at any point in time since you're in possession of the keys to get them even if you have a change in device used.
Regarding KYC, some exchanges that initially did not do KYC are currently asking all members to do valid KYC. The security of each exchange will be different and no system is secure, everything will be hackable. the best way is to store assets in a personal wallet with full access and only we ourselves can access it. But for the use of the exchange it is only used when you want to trade with some of the assets that are used and in some time will be back deposited into a personal wallet.If you really don't want to do KYC better do use a DEX exchange as o_e_l_e_o said.
Yes you can buy coin from exchange without doing kyc, but if you want to use P2P in the exchange you don't have choice than to submit your kyc. If you are playing to be buying coin in an exchange and you don't want to submit your kyc then I will recommend you make use of kucoin, kucoin exchange those not make it mandatory for users to complete their kyc but if you want use their kyc they have know the user to have scam. Also you can use decentralized exchange like pancake and Uniswap they don't require kyc.
Not all P2P platforms are no KYC, Binance P2P is the example of P2P platform that would ask KYC.You're wrong to suggest Pancakeswap and Uniswap as the decentralized exchange to buy Bitcoin, there's no way you can buy Bitcoin using Pancakeswap and Uniswap since they're only use ETH and BSC chain. You're only can bought fake Bitcoin e.g. BTCB (Fake Bitcoin run in BSC chain) and WBTC (Fake Bitcoin run in various chain). It's not even a decentralized exchange, but a swap exchange.
The only truly decentralized exchange is only Bisq and it's not good to use Kucoin as been stated by @o_e_l_e_o above.
Hello 👋 how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.
Yes you can buy coin from exchange without doing kyc, but if you want to use P2P in the exchange you don't have choice than to submit your kyc. If you are playing to be buying coin in an exchange and you don't want to submit your kyc then I will recommend you make use of kucoin, kucoin exchange those not make it mandatory for users to complete their kyc but if you want use their kyc they have know the user to have scam. Also you can use decentralized exchange like pancake and Uniswap they don't require kyc. Jump to: