Yeah this coin is seldom on any exchanges and it has most likely to due with the fact that CSW was harassing people all over Twitter and Binance CEO got pissed off and delisted the coin. After they delisted the coin lost its popularity. Another place it was widely traded was FTX which is also gone.
This is the issue with coins which are not tokens on the ERC20 ethereum network. You cant easily trade them with a DEX and need to rely on a CEX. However most CEX are KYC these days and depending on how much BSV you hold, might be better just to leave it on your cold storage and see if it appreciates value in the future. But with CSW losing the trial, I don't see any future for this coin. Might do well since we are in a bull market but the long term future isnt bright.
Topic: BSV trading in USA (Read 208 times)
To the best of my knowledge, using safepal will not make mexc ask the user for kyc because their account is basically verified in the name of the safepal company.
Hm. I don't think it works in such a way. I've seen many wallets or websites implement third party services on board but none of them shouldered the KYC/AML policies imposed by such services for their users. Typically, the third party service in question's terms of service still applies.
Looking at safepal's terms of service also affirms this.
Quote from: https://www.safepal.com/en/about/terms
3.3 Account Opening and KYC. As mentioned in clause 3.2(b) above, the User may be required to provide Personal Information for Third Party Service Provider’s account opening and KYC process. All such Personal Information and KYC information are retained and stored in the relevant Third Party Service Provider. SafePal does not obtain, store or have access to the User’s Personal Information and KYC information provided to the Third Party Service Provider.
3.4 Restrictions imposed by the Third Party. Each of the Third Party Service Provider may have their rules and policies to accept their clients, according to their respective Third Party Agreements and Policies. A User who has access to the Service may not be able to use Third Party Service. The User shall be abided by the Third Party Agreements and Policies and is encouraged to contact with the relevant Third Party Service Provider if he/she has any inquiry in relation to any restrictions imposed.
3.4 Restrictions imposed by the Third Party. Each of the Third Party Service Provider may have their rules and policies to accept their clients, according to their respective Third Party Agreements and Policies. A User who has access to the Service may not be able to use Third Party Service. The User shall be abided by the Third Party Agreements and Policies and is encouraged to contact with the relevant Third Party Service Provider if he/she has any inquiry in relation to any restrictions imposed.
Third party service is defined as:
Quote
3.1 As part of the Service, SafePal connects User with other Third Party Service providers, whether via API or in other manner, including but not limited to:
... b. Centralized Digital Asset exchange,
d. Fiat currency and Digital Asset on-ramp and off-ramp service provider,
... b. Centralized Digital Asset exchange,
d. Fiat currency and Digital Asset on-ramp and off-ramp service provider,
VPN is needed but not safepal -- use at their own risk.
The no-mandatory KYC from mexc is actually userwide so safepal would not be a requirement in this case.
OP is located in the US, that is the reason why he is not advised to access mexc directly. Quote from: https://www.mexc.com/terms
Currently, MEXC does not provide Services, nor do we accept registration of Users or trade applications, in the following countries: North Korea, Cuba, Sudan, Syria, Iran, Crimea, Mainland China, Indonesia, Singapore, Venezuela, the United States, and Canada (altogether referred to as 'Prohibited Countries').
Exchanging large amounts will definitely attract the attention of their AML detectors.To the best of my knowledge, using safepal will not make mexc ask the user for kyc because their account is basically verified in the name of the safepal company.
Exodus describes their swap service as “fast & frictionless atomic swaps” and also "Customers can deploy their holdings without the need for KYC. No registration, no personal info, no account”. I guess that is just misleading advertising like Atomic Wallet which uses ChangeNOW for their “atomic” swaps.
It indeed is one big fat lie. Either they don't exactly know what atomic swaps are, or they are just trying to mislead newbies who are trying to use their platform to exchange coins. I don't think old users have time to use such platforms. It's usually those that are new to the game and are not yet aware of better alternatives.On top of the high fees, wallet service source code being closed source and risking having one's funds held hostage in exchange for their sensitive data. I don't see any advantage regarding their internal exchange.
*Attention: Safepal itself doesn't support bsv, it only acts as a 3rd party to open Mexc account without kyc.
The no-mandatory KYC from mexc is actually userwide so safepal would not be a requirement in this case.
This is from their automated help bot:
Also, services such as ChangeHero, Changenow, and Changelly have a bad reputation on the forum, and some of them are scammers.
Imagine unknowingly getting matched with exchanges like n.exchange who has a history of asking KYC of their user's counterparties lol
EXODUS + N.Exchange = SCAM | STAY AWAY
I think what he has to do is just withdraw the BSV to one of those exchanges that is not yet strict on KYC and not yet blocking US citizens.
Mexc listed bsv.Recently I checked my safepal wallet (where they allow having a Mexc account without kyc), they limit up to 10k bsv for deposits and withdrawals. I don't know if safepal shares user location information to Mexc servers. This is not a recommendation, at least I only give 2 suggestions for this method:
- Use vpn when accessing Mexc via Safepal;
- Do it gradually with small amounts first.
*Attention: Safepal itself doesn't support bsv, it only acts as a 3rd party to open Mexc account without kyc.
Most of the exchanges that support BSV trading restrict US customers from using their service. You can still use Exodus wallet’s built-in instant exchange to do a cross-chain swap for a coin that is supported on US exchanges.
1. Service fees are very expensive. I tried exchange 100 USDT to USDC and what I was to receive 96.5 USDC that's about 3.5% 
2. They use third party API providers which may request for KYC. Pretty sure most of those exchanges don't want US citizens to use their platforms
Exodus wallet is a closed source wallet and you will not know whether they record/know your private key or not. It is also bad in terms of privacy, fees, and does not support many features.
Your use of built-in instant exchange will increase problems, as if a problem occurs, you will be directed to third-party services. These services have different terms of use and may require a lot of unnecessary data from you. Also, services such as ChangeHero, Changenow, and Changelly have a bad reputation on the forum, and some of them are scammers.
They use third party API providers which may request for KYC. Pretty sure most of those exchanges don't want US citizens to use their platforms
Exodus describes their swap service as “fast & frictionless atomic swaps” and also "Customers can deploy their holdings without the need for KYC. No registration, no personal info, no account”. I guess that is just misleading advertising like Atomic Wallet which uses ChangeNOW for their “atomic” swaps.
Simpleswap sometimes needs KYC according to their TOS. Be careful
I should have stated that it is KYC-light rather than KYC-free. It’s still not ideal but there aren't much better options for trading BSV in the United States. I would only recommend swapping in small batches, to minimize potential losses, for an altcoin with low fees and then transferring to an exchange.
I have a few (BSV) that I'd like to sell from my Kucoin account, but being located in the US, it does not seem to be cooperating.
Is there a platform that will allow me to sell/convert so ultimately I'll be able to sell and transfer the money into a US bank account?
Thanks
Is there a platform that will allow me to sell/convert so ultimately I'll be able to sell and transfer the money into a US bank account?
Thanks
BSV means Bitcoin Satoshi vision . The BSV trading is a difficult fork of Bitcoin cash , and its not presently available for trading on any US-based exchanges.
That's main the cause of legal situation surrounding BSV, and is presently embroiled Ina lawsuit with developers of Bitcoin cash.
Most of the exchanges that support BSV trading restrict US customers from using their service. You can still use Exodus wallet’s built-in instant exchange to do a cross-chain swap for a coin that is supported on US exchanges.
1. Service fees are very expensive. I tried exchange 100 USDT to USDC and what I was to receive 96.5 USDC that's about 3.5% 2. They use third party API providers which may request for KYC. Pretty sure most of those exchanges don't want US citizens to use their platforms
Simpleswap.io is another no-KYC instant exchange that supports BSV.
Simpleswap sometimes needs KYC according to their TOS. Be careful1. https://www.bestchange.com/simpleswap-exchanger.html
2. https://simpleswap.io/aml-kyc
3. https://simpleswap.io/privacy-policy
4. https://simpleswap.io/terms-of-service
Most of the exchanges that support BSV trading restrict US customers from using their service. You can still use Exodus wallet’s built-in instant exchange to do a cross-chain swap for a coin that is supported on US exchanges. Simpleswap.io is another no-KYC instant exchange that supports BSV.
The easiest solution is to open a VPN for any of the Southeast Asian countries and then use Instant Exchanges. exchange BSV to XRP or LTC, and then you can convert XRP or LTC to any cryptocurrency.
Or use https://www.liquid.com/ or https://www.okx.com/ or https://www.mexc.com/
Or use https://www.liquid.com/ or https://www.okx.com/ or https://www.mexc.com/
You likely have to use 2 services for this
1. To convert BSV to any major crypto
2. Once you have any major crypto, you'll have many choices for fiat conversion: either go to a US regulated exchange or to no-kyc exchange like agoradesk.com
For step one, I could suggest:
1. CryptopreneurBrainboss's exchange service on bitcointalk, see: https://bitcointalksearch.org/topic/brainbossxchange-service-btcngn-altcoinsbtcstablecoins-rate-changed-5200468
2. Find a no mandatory kyc exchange as others have mentioned. Keep in mind that they could still request for an identity verification + you'll likely have to use a paid VPN.
As a last note, make sure you're on official links/handles, don't get phished.
1. To convert BSV to any major crypto
2. Once you have any major crypto, you'll have many choices for fiat conversion: either go to a US regulated exchange or to no-kyc exchange like agoradesk.com
For step one, I could suggest:
1. CryptopreneurBrainboss's exchange service on bitcointalk, see: https://bitcointalksearch.org/topic/brainbossxchange-service-btcngn-altcoinsbtcstablecoins-rate-changed-5200468
2. Find a no mandatory kyc exchange as others have mentioned. Keep in mind that they could still request for an identity verification + you'll likely have to use a paid VPN.
As a last note, make sure you're on official links/handles, don't get phished.
Alternatively, you exchange BSV to BTC first on Kucoin, then send BTC to your US exchange account.
Being a US citizen, I don't think he can even perform any of trading in his Kucoin account. Everything is probably disabled except for the withdrawals. I think what he has to do is just withdraw the BSV to one of those exchanges that is not yet strict on KYC and not yet blocking US citizens.It will however be very risky since such platforms are less popular.
https://coinmarketcap.com/currencies/bitcoin-sv/#Markets
Check out the US based exchanges that list BSV coins here https://coinmarketcap.com/currencies/bitcoin-sv/.
Alternatively, you exchange BSV to BTC first on Kucoin, then send BTC to your US exchange account.
Alternatively, you exchange BSV to BTC first on Kucoin, then send BTC to your US exchange account.
I have a few (BSV) that I'd like to sell from my Kucoin account, but being located in the US, it does not seem to be cooperating.
Is there a platform that will allow me to sell/convert so ultimately I'll be able to sell and transfer the money into a US bank account?
Thanks
Is there a platform that will allow me to sell/convert so ultimately I'll be able to sell and transfer the money into a US bank account?
Thanks
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