Best nonKYC exchange? | Bitcointalksearch.org

Symmetrick

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Quote from: jeraldskie11 on August 29, 2023, 06:47:22 AM

That's huge, and I think only few users will choose arbitrum for withdrawal especially in my country because they didn't yet accept arbitrum.

It doesn't matter what happens in your country. The important thing is that the AscendEX exchange does not match the very affordable fees you are talking about. I can use more common examples like USDT TRC20 which is the most popular direction among stablecoin transactions. On all popular exchanges, the cost of withdrawing USDT TRC20 is $1, but not on AscendEX, it costs $2 there, although there are exchanges where such withdrawals can be made for FREE.

If you asked me, name the top 3 exchanges, where are the most affordable fees, then my list would be as follows:

Binance
OKX
Bitget

These are the most fee-friendly exchanges. It is a pity that all these exchanges are full-KYC, but if we consider exchanges without KYC, then it is cheaper to withdraw cryptocurrency from exchanges such as MEXC or BingX.

libert19

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Quote from: Doan9269 on September 05, 2023, 03:17:00 AM

Instead of using a non KYC centralized exchange, why not completely go decentralized and make use of any of these available decentralized exchange for you own good, i have some few ones you can try out if you think it's worth going for, they are as follows:

decentralized exchange
https://bisq.network/
https://localcryptos.com/
https://hodlhodl.com/

Some centralized exchanges that are not KYC exchages are now demanding for updates gradually on KYC and some of their users are finding it very challenging, so it's more better and convenient not to use a centralized exchange at all than having issues with using them later.

Aside from these, op can use instant swap exchanges to move from Tron to cheap evm chains (Polygon/Arbitrum/Optimism) and trade on dexes/perp-dexes [1]. CEXes offer everything at one place, it's hard to find exact replacement but we can combine few ecosystems to get similar experience, it'll just be bit of headache.

[1] No-kyc Derivatives Exchanges.

mv1986

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Quote from: Doan9269 on September 05, 2023, 03:17:00 AM

Instead of using a non KYC centralized exchange, why not completely go decentralized and make use of any of these available decentralized exchange for you own good, i have some few ones you can try out if you think it's worth going for, they are as follows:

decentralized exchange
https://bisq.network/
https://localcryptos.com/
https://hodlhodl.com/

Some centralized exchanges that are not KYC exchages are now demanding for updates gradually on KYC and some of their users are finding it very challenging, so it's more better and convenient not to use a centralized exchange at all than having issues with using them later.

This is probably the best way to go and specifically bisq.network is reliable and has been around for quite a while, but users should know that they need to make a security deposit for the transaction to work eventually. But one thing is certain and that is no user would ever be surprised by being suddenly required to provide documents.

I have had my fair share of experience with so called "no KYC" exchanges and it ended with them requiring KYC of course and sometimes they just disappeared altogether or banned accounts. The last example was Hotbit, no KYC, but suddenly KYC and then they shut down.

Doan9269

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Instead of using a non KYC centralized exchange, why not completely go decentralized and make use of any of these available decentralized exchange for you own good, i have some few ones you can try out if you think it's worth going for, they are as follows:

decentralized exchange
https://bisq.network/
https://localcryptos.com/
https://hodlhodl.com/

Some centralized exchanges that are not KYC exchages are now demanding for updates gradually on KYC and some of their users are finding it very challenging, so it's more better and convenient not to use a centralized exchange at all than having issues with using them later.

mv1986

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Quote from: pkersey on August 26, 2023, 12:17:36 PM

I'm in the US but I also can use a VPN. Kucoin is now full KYC so I'm looking for a reliable alternative. Any suggestions? I have alot of USDT sitting on the tron network so I need tron support.

Are you only looking for exchange platforms where you can also park your cryptocurrencies or would you make use of swapping services as well? You could have a look at the service section in this forum and as of now there are a few providers that offer seamless swapping of cryptos and I believe that USDT (TRON) is also a supported currency. You could also have a look at some aggregators, but I am not very familiar with the risk exposure. I have never used those services to swap larger amounts. Anything else worked just fine for me. But pay attention to the fees if that should turn out to be an option for you.

JunaidAzizi

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Quote from: ?? on ??

This is impossible.

Sir, I think it is possible as he is now living in the US and Binance provides that opportunity for the US residence. According to Binance US, it supports USDT on the Tron network. It does not require KYC for a person who is living in the US, but there is a small limitation there like if you have no KYC you can trade just a few thousand dollars which is $10,000 I think per day. However, Binance.US is not working in all states of the US, so we don't know in which state of the US he living. According to me, binanace.US is the best exchange for those who don't want KYC. If you are not sure plz DYOR.

cryptocointrade.com

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Are you looking for futures trading from the US?
If so, check BTCC and BYDFi

If you are looking for non-KYC, MEXC Global has the most generous withdrawal limits.

If you want to go for a DEX I think GMX still doesn't require KYC

Potato Chips

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Quote from: o48o on September 03, 2023, 03:35:51 PM

I wouldn't count on that list. Just out of curiosity i checked poloniex that was listed as no-kyc, because i know they comply with regulators, like most of the CEXes in the world.
You can find poloniex requirements under:

Quote

3. REGISTRATION PROCESS; IDENTITY VERIFICATION

Where did you get this? I'm guessing it's either outdated or out of context

According from their help article, KYC is not mandatory

Quote from: https://support.poloniex.com/hc/en-us/articles/360040600934-Level-1-Account-FAQ

Q: What features and limits am I eligible for?

Our Level 1 account tier allows customers to access unlimited trading, unlimited deposits, $10,000 per day in withdrawals, and lending simply by entering their email address and password and verifying their email. For more information, please go here.

I'd say the list -- No-KYC exchange encyclopedia is for the most part reliable as it's personally checked. Updates are not real time of course but it's regular enough for most use cases. It's a good guide that cuts a good amount of steps when trying to research about a particular CEx. I've used it as a guide and then cross-checked with the picked exchange to be extra sure, it worked well.

o48o

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Quote from: Eternad on August 26, 2023, 12:23:20 PM

Quote from: pkersey on August 26, 2023, 12:17:36 PM

I'm in the US but I also can use a VPN. Kucoin is now full KYC so I'm looking for a reliable alternative. Any suggestions? I have alot of USDT sitting on the tron network so I need tron support.

You can refer to this list https://bitcointalksearch.org/topic/m.62640260 to check what's available CEX that currently doesn't require KYC but most of them is not that high confidence in terms of reputation.

Why not consider using DEX since there's already P2P and AMM exchange that will cover almost same experience on CEX.

I wouldn't count on that list. Just out of curiosity i checked poloniex that was listed as no-kyc, because i know they comply with regulators, like most of the CEXes in the world.
You can find poloniex requirements under:

Quote

3. REGISTRATION PROCESS; IDENTITY VERIFICATION

Even if some CEXes won't require kyc right when you register, it doesn't mean that they wouldn't freeze your account and require kyc in a heartbeat, if they suspect that your accout is linked to criminal activity or that you live in restriced terrority.

jeraldskie11

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Quote from: Ratimov link=topic=5464677.msg62764495#msg62764495

Very affordable? Is 50,000 satoshi for withdrawing bitcoins considered affordable for you? On OKX, for example, the withdrawal cost is 16 times less and is only 0.00003 BTC. Everything is known in comparison, and if you have nothing to compare with, then even 0.001 BTC will be a good commission for you.

I haven't tried yet in OKX because Binance is enough for me. Well, if we want a lower fee then we can find any exchanges out there. You're right, it's just a very wise decision if we choose those exchanges who have the lowest withdrawal fee yet secured. Even though we can afford 50k satoshi of fee, but if we keep on withdrawing and this all this is huge. However, there are options what network you will be using for withdrawal.

Quote

And one more interesting fact, AscendEX is the only exchange from the top 100, which has a fee for withdrawing USDT in the ARBITRUM L2 network for $6 (!!!). I haven't seen this anywhere. Indeed, the commissions on this exchange are "affordable", especially considering that in all normal exchanges, withdrawing USDT ARBITRUM costs 10 cents. Cheesy

That's huge, and I think only few users will choose arbitrum for withdrawal especially in my country because they didn't yet accept arbitrum.

jeraldskie11

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Quote from: ?? on ??

The exchange used to be called BitMAX. AscendEX is not the most attractive exchange due to very expensive withdrawal fees.

Ascendex withdrawal fee is very affordable. The fee for Bitcoin withdrawal is just 0.0005 which is almost the same with other exchanges out there. Maybe there are still people looking for a fee lower than that. But for me that is enough, the most important in the exchange is the volume because it will be difficult for you to do a trade if there's a lack of orders in that specific pair. And also it's not attractive if people see there's no volume and it does mean that there are few users only.

Source: https://ascendex.com/en/feerate/withdraw-rate

OmegaStarScream

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Quote from: ?? on ??

The exchange used to be called BitMAX. AscendEX is not the most attractive exchange due to very expensive withdrawal fees.

Something else that's worth mentioning is that the exchange has certain restrictions on who can register (based on the IP address). Obviously, you can use a VPN and bypass that, but I wouldn't recommend doing that just in case they take that as suspicious activity.

GeorgeJohn

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Quote from: ?? on ??

Quote from: pkersey on August 26, 2023, 12:17:36 PM

I'm in the US but I also can use a VPN. Kucoin is now full KYC so I'm looking for a reliable alternative. Any suggestions? I have alot of USDT sitting on the tron network so I need tron support.

Exchanges that actively support USDT TRC20 & TRON are Huobi, Poloniex and Bitrue. All these exchanges do not have KYC, and Bitrue has free withdrawals on the TRC20 network and the most developed spot trading in relation to TRX.

But I think that binance do exchange USDT and TRC20 in their platform and you most verify your account before much exchange can take place in their platform, I want to know the different between exchanges that does KYC verification and exchanger that KYC verification is not required, because if Huobi and Poloniex does not require kyc that means they be alot of controversial complains to customers who patronize the exchanges.

BlockaFett

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Quote from: adultcrypto on August 27, 2023, 12:25:10 PM

Quote from: ajiz138 on August 26, 2023, 02:40:24 PM

I am now using MEXC exchange which does not require KYC maybe OP can try it?
With Ratimov's review it is clear to me.

Yes why not use DEX has many USDT-trc20 networks available even it is simpler than CEX, I hope you can take good advice because maybe you will exchange more USDT as you mentioned.

Most non KYC CEX have daily withdrawal limits. MEXC is definitely a good exchange but they have a withdrawal limit of 5BTC per day. Unfortunately, is not available for US citizens unless the OP can use VPN.

Have you tried ascendex?
Not trying to advertise, i used them once like 3-4 years ago because of some shitcoin. Few months ago I remember of this exchange and i find my crypto still there after so long not using the exchange. I think they changed the name, it was called something else in the past. Anyway, i had some small amount of eth and i tried to withdraw, worked like a charm. I dont remember the limits now, but it's worth to try.
Always remember, cex are not 100% safe, don't hold crypto there for long.

FresheIvis

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If you can move them off the exchange to your own wallet and then exchange in real life or trade onLine for cash to bank or PayPal (Must be careful here)

bhadz

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Quote from: adultcrypto on August 27, 2023, 12:25:10 PM

Most non KYC CEX have daily withdrawal limits. MEXC is definitely a good exchange but they have a withdrawal limit of 5BTC per day. Unfortunately, is not available for US citizens unless the OP can use VPN.

That's right and most of these non KYC cexes are also likely to change that rule of having a nonkyc account and limits. Soon, it's possible that they're going to remove those free(nonkyc) accounts.

Quote from: BlockaFett on August 27, 2023, 01:11:02 PM

In my opinion mexc is the best one out there but you can even use binance without full KYC, your limit will be low tough.
Maybe dex are the future, who knows, no KYC so far on metamask...

I don't use mexc but if that's the only option and it supports TRC20 USDT which is what OP needs, yes it does since 2 years ago and this is what I have seen: MEXC now Supports USDC Deposit and Withdrawal on Tron Network(TRC-20)

BlockaFett

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In my opinion mexc is the best one out there but you can even use binance without full KYC, your limit will be low tough.
Maybe dex are the future, who knows, no KYC so far on metamask...

safar1980

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Quote from: OmegaStarScream on August 27, 2023, 12:59:28 PM

Quote from: safar1980 on August 27, 2023, 12:43:04 PM

I was explained that the user who agrees to provide their documents for registration on the exchange does not know the name of the exchange. To do this, you need to take a passport photo and a photo with a passport.
-snip-

Okay, I see what you mean but this might become an issue for the seller. If the seller is not doing the verification himself, how can he trust that the buyer is actually using the documents for an exchange, and not something else which could harm him?

Also, this method may not work with all of the exchanges out there. AFAIK, Some of them do require live selfies or even pictures with you holding a piece of paper with the current date and the exchange's name on it.

Why jeopardize a business that makes a profit? People who sell their documents have risks, but most likely they do not think about it. But that's their own decision.
But people who provide such services have a constant stream of people who will provide any photo online. In my country, changing a passport after registration costs $30, so the risks can be reduced.

OmegaStarScream

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Quote from: safar1980 on August 27, 2023, 12:43:04 PM

I was explained that the user who agrees to provide their documents for registration on the exchange does not know the name of the exchange. To do this, you need to take a passport photo and a photo with a passport.
-snip-

Okay, I see what you mean but this might become an issue for the seller. If the seller is not doing the verification himself, how can he trust that the buyer is actually using the documents for an exchange, and not something else which could harm him?

Also, this method may not work with all of the exchanges out there. AFAIK, Some of them do require live selfies or even pictures with you holding a piece of paper with the current date and the exchange's name on it.

safar1980

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Quote from: OmegaStarScream on August 26, 2023, 03:04:33 PM

Quote from: safar1980 on August 26, 2023, 02:45:04 PM

And why should you look for an alternative if you are already used to Kucoin? You have not tried to pay another person to pass KYC on the Kucoin exchange.
It is safer to trade on the exchange on an account with KYC. I heard that soon all exchanges will force users to provide their documents. And it makes no sense for you to constantly change the exchange for trading.

OP doesn't want to verify his identity. As for your advice (assuming I understood you correctly) then that's something he definitely should stay away from. Let's say he pays someone to verify his account for him, what happens later when that person decides to contact Kucoin and tell them he has an account with them, but he can no longer access it because he lost his email, password, and 2FA? They will most likely freeze the account, and ask him to re-submit his documents. OP will obviously fail to provide these documents because it's not his identity, and the seller could then use his documents once again, gain access to the account and steal the funds.

I was explained that the user who agrees to provide their documents for registration on the exchange does not know the name of the exchange. To do this, you need to take a passport photo and a photo with a passport.
And a person who agreed to provide his documents for money in any case will not receive the coins of another user, because he will not answer standard questions.
Technical support will ask him about the latest trading operations and withdrawal addresses.

Topic: Best nonKYC exchange? (Read 533 times)