Crypto exchangers and kyc - page 4. | Bitcointalksearch.org

OpenCryptoSystem

jr. member

Activity: 182

Merit: 3

Quote from: Primaryio on September 21, 2018, 06:11:25 AM

Well, in practice, withdrawing money from an exchange with KYC verification is far more complicated and time-consuming than sending money to the exchange. Such exchanges often require their customers to submit two or more pieces of personal identification, and the submission itself doesn’t guarantee verification.

So then here is the business idea opening good exvhanger.
Without kyc.
I think this business will run nice Wink

Primaryio

newbie

Activity: 14

Merit: 1

Well, in practice, withdrawing money from an exchange with KYC verification is far more complicated and time-consuming than sending money to the exchange. Such exchanges often require their customers to submit two or more pieces of personal identification, and the submission itself doesn’t guarantee verification.

OpenCryptoSystem

jr. member

Activity: 182

Merit: 3

If some big company dont ask kyc it might be exit scam!
So you should be very suspicous about companies like binance!

But we need exchanger services without kyc.

richminded

sr. member

Activity: 798

Merit: 268

Quote from: DU3O on September 20, 2018, 01:24:20 PM

I think KYC is not that bad. The main purpose of it is for added security and protection not only to your account but specially to the exchange itself. So they could prevent from being used, intentionally or unintentionally, by criminal elements or money laundering activities.

We cannot prevent it anyway, all the exchanges will do the same thing in the future but still there is some risk with regards this thing. We should be careful by giving our information because not all exchanges is worth the risk. Binance I think is still not asking for KYC, this is a good exchange and maybe in the future KYC will be done with this exchange.

OpenCryptoSystem

jr. member

Activity: 182

Merit: 3

Quote from: OpenCryptoSystem on September 21, 2018, 05:38:02 AM

Quote from: manggis97 on September 21, 2018, 05:19:47 AM

There are many crypto exchange not required KYC with limited daily withdrawal but only for deposit and withdrawal in cryptocurrency. But for deposit and withdrawal in fiat that exchanges should be ask for KYC to comply AML. Some exchanges that offer unverified account with daily limit withdrawal 2 BTC daily is Binance, Okex, Bibox and Cryptopia with maximum daily withdrawal 5000NZD.

I mean we need also Fiat exchangers without kyc.

Western union money gram, bank transferss, iban sepa, wire transfers.
TrAnsfer wise transfers.
And more options.
And this all should be without kyc at all.

Because when you go to send money with western union the agent will ask kyc anyways !

His person who make his own rules he dont care about kyc.

My friend told me he dont care he can do it if he only have enough customers!
His asking me what is the % fee he might take for this kind of service.

Second option is:

We can start service you can buy tokens without using your own ID.

Many people from usa will like this service

)
We can provide persons who will buy tokens for you but what could be the prices for this service ?

OpenCryptoSystem

jr. member

Activity: 182

Merit: 3

Quote from: manggis97 on September 21, 2018, 05:19:47 AM

There are many crypto exchange not required KYC with limited daily withdrawal but only for deposit and withdrawal in cryptocurrency. But for deposit and withdrawal in fiat that exchanges should be ask for KYC to comply AML. Some exchanges that offer unverified account with daily limit withdrawal 2 BTC daily is Binance, Okex, Bibox and Cryptopia with maximum daily withdrawal 5000NZD.

I mean we need also Fiat exchangers without kyc.

Western union money gram, bank transferss, iban sepa, wire transfers.
TrAnsfer wise transfers.
And more options.
And this all should be without kyc at all.

Because when you go to send money with western union the agent will ask kyc anyways !

His person who make his own rules he dont care about kyc.

My friend told me he dont care he can do it if he only have enough customers!
His asking me what is the % fee he might take for this kind of service.

manggis97

member

Activity: 476

Merit: 10

There are many crypto exchange not required KYC with limited daily withdrawal but only for deposit and withdrawal in cryptocurrency. But for deposit and withdrawal in fiat that exchanges should be ask for KYC to comply AML. Some exchanges that offer unverified account with daily limit withdrawal 2 BTC daily is Binance, Okex, Bibox and Cryptopia with maximum daily withdrawal 5000NZD.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: OpenCryptoSystem on September 20, 2018, 01:03:35 PM

Is anyone know there is any crypto exchangers who dont ask kyc ??

Yes, they are likely to be decentralized exchange.

Quote from: OpenCryptoSystem link=topic=5033852.msg45952663#msg45952663

Like its no bs transaction you send them coin they send you money with western union monegram or bank transfer.
Or you transfer them money they dont ask stupid questions they just make the trade happend.
Is anyone like this ? I spoken my friend from former soviet union country he said he dont care if only customers he can do exchanger without kyc.

Of course we don't want to submit our precious data to anyone not even a exchange. We are here to be anonymous and make money. Here is a link: List of Decentralized/Centralized Exchanges.

Besides, if a exchange that requires KYC has been been compromised, not only is your money taken, but your identify as well, (identity theft.)

OpenCryptoSystem

jr. member

Activity: 182

Merit: 3

Quote from: Slow death on September 20, 2018, 04:22:48 PM

Quote from: OpenCryptoSystem on September 20, 2018, 01:21:41 PM

Binance i dont trust anyways i never use and never will.
Poloniex is good enough at least its backed by people who i know who they are.

are you serious? Are you comparing binance and poloniex? I'm sorry, but ploniex is not a good exchange, in the past it was a good exchange, but today poloniex is an exchange that people should not use because they do not provide good services

Quote from: OpenCryptoSystem on September 20, 2018, 01:21:41 PM

My friend told me that he want to start international exchange without kyc request at all.

your friend will be forced to ask KYC

Quote from: Harlot on September 20, 2018, 02:17:41 PM

If you really don't want KYC there are straightforward exchanges out there such as Shapeshift.io where you will just send the payment and input your receiving address. KYC is not a requirement nor you don't even have to sign up an account in order to obtain their services.

SHAPESHIFT ENDS ANONYMITY WITH ANNOUNCEMENT OF MANDATORY KYC DATA COLLECTION

Introducing ShapeShift Membership

My friend dont care who force who not.

Drobek

sr. member

Activity: 504

Merit: 251

Quote from: OpenCryptoSystem on September 20, 2018, 02:28:24 PM

There is difference between showing kyc to exchangers or giving them just your bank acc for them to send money to you.

Now days kyc is biggest problem!
I think we need exchanger who dont ask questions just deal done thts it.
Kyc is pointless... money loundring Huh

Cmon... people do bad activities still with kyc.

Money is money !

There are many exchange sites you can use without doing KYC but most of them are low volume exchanges. But come to think of it, is there any crypto exchange that will pay you through your bank? I yet to see that. Maybe it's because of the part of that world I live in.

allahabadi

full member

Activity: 952

Merit: 166

Quote from: palle11 on September 20, 2018, 03:20:20 PM

Kfc is not a bad idea to me. That is even an added security guard to funds in the exchange. Also, it limits multiple transactions because some require a personal photograph which is usually one show someone's face.

I kind of like kfc too, but I think it's KYC and alot of people ain't comfy with that.

Slow death

legendary

Activity: 3136

Merit: 1122

Leading Crypto Sports Betting & Casino Platform

Quote from: OpenCryptoSystem on September 20, 2018, 01:21:41 PM

Binance i dont trust anyways i never use and never will.
Poloniex is good enough at least its backed by people who i know who they are.

are you serious? Are you comparing binance and poloniex? I'm sorry, but ploniex is not a good exchange, in the past it was a good exchange, but today poloniex is an exchange that people should not use because they do not provide good services

Quote from: OpenCryptoSystem on September 20, 2018, 01:21:41 PM

My friend told me that he want to start international exchange without kyc request at all.

your friend will be forced to ask KYC

Quote from: Harlot on September 20, 2018, 02:17:41 PM

If you really don't want KYC there are straightforward exchanges out there such as Shapeshift.io where you will just send the payment and input your receiving address. KYC is not a requirement nor you don't even have to sign up an account in order to obtain their services.

SHAPESHIFT ENDS ANONYMITY WITH ANNOUNCEMENT OF MANDATORY KYC DATA COLLECTION

Introducing ShapeShift Membership

palle11

sr. member

Activity: 2366

Merit: 332

Kfc is not a bad idea to me. That is even an added security guard to funds in the exchange. Also, it limits multiple transactions because some require a personal photograph which is usually one show someone's face.

OpenCryptoSystem

jr. member

Activity: 182

Merit: 3

There is difference between showing kyc to exchangers or giving them just your bank acc for them to send money to you.

Now days kyc is biggest problem!
I think we need exchanger who dont ask questions just deal done thts it.
Kyc is pointless... money loundring Huh

Cmon... people do bad activities still with kyc.

Money is money !

Harlot

hero member

Activity: 1806

Merit: 672

If you really don't want KYC there are straightforward exchanges out there such as Shapeshift.io where you will just send the payment and input your receiving address. KYC is not a requirement nor you don't even have to sign up an account in order to obtain their services. The only downside to this is rates is not as near as the current market price, so it is up to you to choose if you are willing to sacrifice that kind in order to stay away from KYC.

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: DU3O on September 20, 2018, 01:24:20 PM

I think KYC is not that bad. The main purpose of it is for added security and protection not only to your account but specially to the exchange itself. So they could prevent from being used, intentionally or unintentionally, by criminal elements or money laundering activities.

KYC is not bad but the people on the forum itself looking to be anonymous. As like that exchange users want the same along with that they are investing big funds on hands on cryptocurrencies.
Some of the exchanges keep security norms from the US or European law enforcement. Those law is might be saved you from using the wallet.

Reid

hero member

Activity: 2912

Merit: 642

Quote from: OpenCryptoSystem on September 20, 2018, 01:03:35 PM

Is anyone know there is any crypto exchangers who dont ask kyc ??

Like its no bs transaction you send them coin they send you money with western union monegram or bank transfer.
Or you transfer them money they dont ask stupid questions they just make the trade happend.
Is anyone like this ? I spoken my friend from former soviet union country he said he dont care if only customers he can do exchanger without kyc.

Cmon dude.
Just think about it. Where they are going to send that money to? They need your information to send you the money. At the end of it all you will still need to give that information to receive the money.

Idex is one that doesnt need information when you exchange a certain token to Ethereum.
But that Ethereum exchanged to USD will be the hard part of all. Either use Coinbase which needs your information or others which have the same features.
Actually it is the law for their business to continue.

shivansps

hero member

Activity: 1204

Merit: 502

Vave.com - Crypto Casino

Quote from: reflector on September 20, 2018, 01:36:47 PM

Quote from: DU3O on September 20, 2018, 01:24:20 PM

I think KYC is not that bad. The main purpose of it is for added security and protection not only to your account but specially to the exchange itself. So they could prevent from being used, intentionally or unintentionally, by criminal elements or money laundering activities.

Nowadays all the data's are collect and sell it on private companies so many peoples are not ready to join KYC exchanges but KYC is increase the security level most of the investors are understand why they ask the KYC verification.
It is limit the scammer so we should believe 100 percentage on KYC exchange.

I wouldn't trust all of the exchanges and give them my documents just like that. There are so many scammers and those exchanges can use your data for their own use or sell it to those who needs. I trust only few exchanges on KYC stuff. One of them is Bittrex.

Btw BitMEX has no KYC, but it's also smell fishy despite highest volume of BTC trading

reflector

sr. member

Activity: 826

Merit: 263

Quote from: DU3O on September 20, 2018, 01:24:20 PM

I think KYC is not that bad. The main purpose of it is for added security and protection not only to your account but specially to the exchange itself. So they could prevent from being used, intentionally or unintentionally, by criminal elements or money laundering activities.

Nowadays all the data's are collect and sell it on private companies so many peoples are not ready to join KYC exchanges but KYC is increase the security level most of the investors are understand why they ask the KYC verification.
It is limit the scammer so we should believe 100 percentage on KYC exchange.

DU3O

member

Activity: 476

Merit: 10

I think KYC is not that bad. The main purpose of it is for added security and protection not only to your account but specially to the exchange itself. So they could prevent from being used, intentionally or unintentionally, by criminal elements or money laundering activities.

Topic: Crypto exchangers and kyc - page 4. (Read 727 times)