decentralized exchanage for p2p - page 2.

Potato Chips

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Quote from: Amphenomenon on August 09, 2023, 10:53:26 PM

in the case of p2p there is a high chance of being scammed especially when you don`t know the person

As long your chosen p2p platform has a good reputation + offer escrow + you've read the common scam schemes on p2p trades, you should be fine. I've been p2p-ing for fiat <-> crypto for years and never been scammed.

Quote from: Amphenomenon on August 09, 2023, 10:53:26 PM

Question
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for kyc ?

Honestly, I only know BISQ. There are other platforms which claimed to be decentralized but if you look closely, they aren't so that's something to keep in mind.

I just wanna add that there are non-fully-custodial alternatives that also don't do identity verification like agoradesk and robosats. They may not be decentralized but they have taken users privacy into huge consideration.

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Quote from: noorman0 on August 10, 2023, 01:36:35 AM

Quote from: Amphenomenon on August 09, 2023, 10:53:26 PM

-snip-
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for kyc ?

Bisq is only the most recommended exchange, not the official DEX sponsored/supported by this forum. If you ultimately want to implement KYC, you are better off using CEX. They are generally legally bound at least in writing to protect user documents. DEX doesn't have that and should never ask for KYC.

I don't know about Bisq but a good number of these DEX are establish themselves as non-kyc required exchanges but at some point you'll find out that the no KYC is limited to a certain trading amount and withdrawal, however, when you go beyond the limit KYC verification is then required, perhaps a Dex was supposed to completely operates as a Dex, if a user was ready to give out his data he would have just settled for CEX at the first instance, right?

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Quote from: Amphenomenon on August 09, 2023, 10:53:26 PM

Question
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for kyc ?

Judging from various user rhetoric, not everyone is comfortable with the concept of KYC over privacy, because the user's personal data is seen and controlled directly by the exchange manager. So, if you want to know other DEX’s that are good for KYC, I think there are many available, but of course you are looking for the safest and easiest one if one thing or another happens in the exchange and it can be resolved without harming you as a user, of course, and that too if it happens from time to time.

My advice, you can try ByBit, about when you make DEPO and WD process is very fast and easy. The important thing is that you have to pay close attention to the address and network before making a depot or WD process. Yes. That's all from me.

noorman0

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Quote from: Amphenomenon on August 09, 2023, 10:53:26 PM

-snip-
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for kyc ?

Bisq is only the most recommended exchange, not the official DEX sponsored/supported by this forum. If you ultimately want to implement KYC, you are better off using CEX. They are generally legally bound at least in writing to protect user documents. DEX doesn't have that and should never ask for KYC.

Solosanz

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DEX and P2P are similar but has some difference.

DEX is an exchange where you trade your coin with someone you don't know who the person is, but you're actually trade via P2P, nothing linked with the exchange's pool. Trading via P2P, you're know the person you trade and it's really depend on the trustworthiness whether the trade is successfully or you get scammed.

This is a good site to know the DEX and P2P that related with privacy level https://kycnot.me/

DaNNy001

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Quote from: Zaguru12 on August 10, 2023, 12:49:40 AM

Quote from: DaNNy001 on August 09, 2023, 11:06:24 PM

Although I know CEX are good for storing of coins since there is always a third party control over your coins but binance has proven it reliability to some extent when it's comes to exchanging your coins.

I think you missed this up here, there is no way storing coins or funds online been good, third party control of your funds has been totally advised against. Because once the exchange or platform gets compromised, so goes your funds. Don’t be confident because of the reputation of binance, many top centralized exchanges have bite the dust in the past with peoples fund going down with them. So just like every usually say it is always NOT YOUR KEYS, NOT YOUR COINS

sorry mate, thats not entirely what I intend in writing, I think I missed out the NOT I wanted to add to that statement and I have duly corrected it. Sometimes we type and make minor errors and for the record I won't advice anyone to actually save their coins in any exchange as I do use them myself for only the function of exchanging your coins. For storing of assets, I think there are couple of good non custodial wallet I would prefer than a third party CEX wallet.

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Quote from: DaNNy001 on August 09, 2023, 11:06:24 PM

Although I know CEX are good for storing of coins since there is always a third party control over your coins but binance has proven it reliability to some extent when it's comes to exchanging your coins.

I think you missed this up here, there is no way storing coins or funds online been good, third party control of your funds has been totally advised against. Because once the exchange or platform gets compromised, so goes your funds. Don’t be confident because of the reputation of binance, many top centralized exchanges have bite the dust in the past with peoples fund going down with them. So just like every usually say it is always NOT YOUR KEYS, NOT YOUR COINS

Quote from: Sim_card on August 10, 2023, 12:12:32 AM

You can try Agora desk. It is a centralized exchange that you will need to use KYC before you can have full access to your trade.

I haven’t used Agora Desk but they said it is a Non KYC P2P exchange according to their ANN here on the forum, so no verification what so ever is required.

Quote from: Sim_card on August 10, 2023, 12:12:32 AM

Kucoin claims to be DEx but there is a volume of trade that you will want to do that they will ask for KYC when using their P2P.

Yes they actually have levels to which there are limitations too. The highest level to which you wouldn’t submit documents is the level 1 and it is limited to trading of less than 500$ per day. Above that needs you to submit or scan documents and get verified. This thread by Ratimov explains each level on the platform.

Sim_card

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Quote from: Amphenomenon on August 09, 2023, 10:53:26 PM

Question
this are the only two legit DEX I know for p2p and so I will like to know other DEX

I guess you are asking a different question here. DEx don't use KYC but if you need to know about other DEx that is legit and reliable. You can try Agora desk. It is a centralized exchange that you will need to use KYC before you can have full access to your trade. Kucoin claims to be DEx but there is a volume of trade that you will want to do that they will ask for KYC when using their P2P.

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Quote from: Cantsay on August 09, 2023, 11:01:23 PM

Quote from: Amphenomenon on August 09, 2023, 10:53:26 PM

Question
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for kyc ?

Dex for KYC? Or do you mean Cex?

You should know that they’re some cex out there that allows users to trade without having to complete KYC verification but the only drawback is that you’ll have a limit to the amount you can withdraw daily from the exchange and if you wish to increase your limit then you can undergo KYC verification.

Current list of exchanges without KYC

I have heard of such CEX that KYC are abit limited although I haven't used any myself and I would also love to try out these because I am currently using Binance and my GOD the KYC requirements there is very hectic and so stressful most times because of all the recent update on the app. Although I know CEX are NOTgood for storing of coins since there is always a third party control over your coins but binance has proven it reliability to some extent when it's comes to exchanging your coins.

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Quote from: Amphenomenon on August 09, 2023, 10:53:26 PM

Question
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for kyc ?

Dex for KYC? Or do you mean Cex?

You should know that they’re some cex out there that allows users to trade without having to complete KYC verification but the only drawback is that you’ll have a limit to the amount you can withdraw daily from the exchange and if you wish to increase your limit then you can undergo KYC verification.

Current list of exchanges without KYC

Amphenomenon

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Most members of this forum knows the dangers of KYC and Centralize exchanage, so will try to avoid the use of them especially when there is a decentralized alternative, in the case of p2p there is a high chance of being scammed especially when you don`t know the person, though top CEX may not be entirely secure but they still offer some protection for this. Also DEX like Bisq exchange offer protection for this and this forum also offer a place for p2p.

Question
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for ~~Kyc~~ p2p ?

Topic: decentralized exchanage for p2p - page 2. (Read 313 times)