Did I can make platform without KYC verification

Awaklara

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Quote from: leonair on June 08, 2023, 08:42:42 AM

Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Decentralized platforms never demand KYC from customers. So I think you are talking about those platforms which are decentralized. There are many decentralized exchanges where you can secretly exchange crypto without any kyc verification. But I doubt if you will get P2P facility there. on DEX you can swap your tokens just by connecting your wallet. But if you want to get p2p facilities then you must use Cex and there KYC is mandatory

not all centralized exchanges also require KYC. some may require several different KYC levels for larger withdrawals. whereas transactions with small amounts do not require KYC.
but most centralized exchanges do prioritize KYC, especially exchanges that do have a P2P feature that allows users to transact with other users.
somehow I feel that currently KYC is no longer taken into account by many exchange or gambling platform users. except for those who refuse to give their data to any party.

rat03gopoh

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Quote from: Timmzzy on June 07, 2023, 03:00:04 PM

This is a very huge GRAMMATICAL ERROR, please try to fix it so people can understand what you are trying to say. Because while i was trying to read i just can't stop laughing Grin

. But to my understanding i know what you are saying tho.

I'm trying to understand the OP's intent well.
In order to use the exchange, users need to register a crypto address as well as a bank account where their deposits will come from or withdrawals will go to. These two things will be continuously intertwined.

A solution without kyc verification in this situation I think can only be implemented if exchanges and banks cooperate with each other to share user identities.

leonair

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Decentralized platforms never demand KYC from customers. So I think you are talking about those platforms which are decentralized. There are many decentralized exchanges where you can secretly exchange crypto without any kyc verification. But I doubt if you will get P2P facility there. on DEX you can swap your tokens just by connecting your wallet. But if you want to get p2p facilities then you must use Cex and there KYC is mandatory

Bobrox

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Quote from: jeraldskie11 on June 07, 2023, 11:47:32 PM

There are certain exchanges that allow withdrawals without KYC, but only for a restricted amount. A KYC is required if you wish to increase your withdrawal limit. Kucoin is one of the exchanges that does this. I am confident that if given the opportunity, we will pick non-kyc exchanges, which is what everyone want. If you run a non-kyc exchange, it is unlikely that you would attract a large number of users right away because it is a new exchange. It will also be harder for you to be accepted utilizing your exchange globally, as KYC is now required to stop fraudulent activity.

Since several exchange required KYC for withdrawing and trading, there is has several exchange support withdrawing without KYC but limited withdrawing in daily day under 2 BTC depend on exchange market kinds. Have new regulation later when exchange available withdrawing without KYC finding fraud or abnormal activities required KYC for withdrawing.

Its not matter have uploaded document ID with exchange required for KYC because they have been guarantee with our document keep secure without publish, but if want document ID privacy better use the exchange market not required with KYC but have ready with limited withdrawing in daily day under 2 BTC.

wajik-tempe

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Quote from: Oneandpure on May 03, 2023, 10:48:01 PM

But for building your own platform its better required with KYC how to protect your costumer transaction and most important with money laundering.

I agree, If you are thinking of creating your own P2P trading platform, you should consider implementing KYC requirements. KYC helps you to verify your users' identity, minimizing the possibility of fraudulent activity and improving the overall security of your platform. You may establish a trustworthy environment for P2P trading, protect your users' interests, and help to the prevention of criminal activity in the bitcoin arena by following to KYC standards and adopting rigorous security measures.

jeraldskie11

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There are certain exchanges that allow withdrawals without KYC, but only for a restricted amount. A KYC is required if you wish to increase your withdrawal limit. Kucoin is one of the exchanges that does this. I am confident that if given the opportunity, we will pick non-kyc exchanges, which is what everyone want. If you run a non-kyc exchange, it is unlikely that you would attract a large number of users right away because it is a new exchange. It will also be harder for you to be accepted utilizing your exchange globally, as KYC is now required to stop fraudulent activity.

Yamane_Keto

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Bisq is an example of an exchange platform that does not require users to do KYC or personal information.

Identity verification requirements come when the platform manages or interacts with bank accounts. To do this, the platform needs a commercial license, along with an anti-money laundering procedure. it requires users to comply with those rules, which differ according to the country from which the platform obtained a license.
Therefore, all central exchanges that do not require identity verification are required to do so according to conditions such as withdrawal or deposit from a bank account or exceeding a certain amount according to the license in that country.

You can create a platform without the need to do KYC by making it decentralized or centrally listed in a country while banning any users from countries that have laws related to crypto.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

This is a very huge GRAMMATICAL ERROR, please try to fix it so people can understand what you are trying to say. Because while i was trying to read i just can't stop laughing Grin

. But to my understanding i know what you are saying tho.

Bushdark

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Quote from: lalabotax on May 03, 2023, 04:58:17 PM

There are the options of CEX and DEX. Or even there are some platforms that need KyC and also no need KYC or do simple only KYC to verify it is us. For me, if I will get it from whatever the platform and have no problem with KYC platform as log as it is exactly legit. But if we want to use platfrom for instant purchas easily, P2P may be good moreover if you buy from trusted members here.

We just need to be careful about our we give our information on different websites on the basis on completing KYC. Doing KYC is not bad but we need to be careful on how we drop out information on different websites for the purpose of getting confirmed so we can use the exchange for whatsoever we want to use it for whether for trading or for savings and keeping our coins.

If any of the websites we have submitted our information get hacked, we might to surprised that our information will be in the hand of third parties that might use our information against us. There are people that are selling data to companies thwt might need it to track down people and use those information for there personal benefits.

Findingnemo

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Sorry if it's offending you but better learn the process of what an exchange does before starts thinking can I make one on my own? And learn some grammar too.

How is it possible to verify with deposit or its kind of offer to steal money from the traders.

Huppercase

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Nobody can force you to under go a KYC verification, if you read the exchange rules, they are requirement for you to have access to local trades that involees fiat, but there are other exchange like kucoin and the rest that will allow you to deposit and withdraw withiout any restriction but you wouldn't be able to sell coin to your local currency meaning, P2p will not be available for you to use.

If you need fiat currency and don't want to be verify on this exchanges, try the forum, locate your local communities on this forum and find an escrw service or buyer with a reputation, they will sell to you without any probem but make sure you check their trust rating before you hand over your coins on their hands.

cloirecrom

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possible if it's pure blockchain, but the moment you want to accept fiat money, that will be the problem as gov usually require KYC, except you make on in country without restriction

gunhell16

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P2p with no KYC required? I don't seem to know or see anything like that, but I'm not sure. In centralized exchanges, that kind of thing is not possible, but it seems like it might be possible in decentralized exchanges, I'm not sure.

But I saw something I just searched it now although I haven't tried it you just look it up dude, https://blog.1inch.io/1inch-adds-a-p2p-feature/ I'm not familiar with it either.

dansus021

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The answer platform like you said its pretty much exist but the government will called platform like this "illegal" since you don't comply to some government.

KYC is part of AML(anti money laundry) by knowing your customer their data is actually said to "protect" customer. But some people or like me always worried if our data is being trade by the company or using for something else.

and you can make platform like this without do KYC but when the dozen of visitor or got lot of user government will start to approach and if you didn't get want seize of your site and comply then KYC will most likely happen to your site

Twentyonepaylots

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Quote from: cydrix on May 06, 2023, 12:07:02 PM

I don't believe there are any systems available now that don't require any KYC. While some platforms still do not require KYC for your initial deposit, they will eventually demand that you do so in order to avoid holding your funds and your account hostage while you wait to fulfill their requirements. It's just the way things are in the world of cryptocurrency right now; the majority of services won't let you use them further until you've finished their KYC process.

Agree with these since majority will still need any KYC at the start while other who might not seem to have aby KYC at start would require you to do so in the future. I think that most of these so that they can know that their customers are not to be getting engaged in fraud activities. I think that in these days where technology is very much needed and the rise of digitalization, online transactions would always be associated with KYC since this is their way of protecting themselves. However, we cannot deny that privacy is important for those engaging in crypto. Also, one problem with these is the data protection since a lot of cases of data leak has been going around so the integrity of these
KYC. But for now, what we only can do is to follow since they said it is required in order to use it so that is the only way for now.

AmoreJaz

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Quote from: cydrix on May 06, 2023, 12:07:02 PM

I don't believe there are any systems available now that don't require any KYC. While some platforms still do not require KYC for your initial deposit, they will eventually demand that you do so in order to avoid holding your funds and your account hostage while you wait to fulfill their requirements. It's just the way things are in the world of cryptocurrency right now; the majority of services won't let you use them further until you've finished their KYC process.

and the OP mentioned having real money aka fiat as well. so nope, you will undergo kyc once you deal with fiat money. and it is also for your protection to use reputable sites. if a site is allowing you to transact without kyc, and they are not very popular in the business, doubt their legitimacy. they may screw your funds. instead of saving some fees or maintaining your privacy, you will lose your hard-earned money by going into this kind of platform.

cydrix

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I don't believe there are any systems available now that don't require any KYC. While some platforms still do not require KYC for your initial deposit, they will eventually demand that you do so in order to avoid holding your funds and your account hostage while you wait to fulfill their requirements. It's just the way things are in the world of cryptocurrency right now; the majority of services won't let you use them further until you've finished their KYC process.

Nrcewker

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

These exchanges have to do KYC in order to operate in various countries. They aren’t doing for themselves. They are doing it basically to manage with the government’s policies and rules and regulations. If you don’t like controlled by them, then you can go for P2P services OP in order to buy and sell. Earlier there were many P2P exchanges who weren’t asking for KYC to trade, but now many of them has already shut down their businesses. So now the only option is to trade P2P with someone trusted, or should get used to this KYC adaptation.

Oneandpure

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You can make own rule on platform have submitted KYC exactly with trading p2p like Binance, I don't get your points about agree or not about KYC but if you want trade P2P have allow what rule adopted in some exchange market. I don't think have any site allowed with P2P trading without require KYC because all platform have submitted with KYC verification actually when trading P2P. Have some people support with convert cryptocurrency but not guarantee always secure and better submit KYC verification and trade P2P with all exchange have supported it.

But for building your own platform its better required with KYC how to protect your costumer transaction and most important with money laundering.

Baoo

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Of course, you are able to create a platform without KYC verification but it must be a Decentralized exchange. If you involve FIAT, then you have to follow the governments rules or laws, and unfortunately the regulators only support centralized exchanges due to they require KYC verification and the assets are under their control. To be honest, DEX’e are progressing and spreading slowly but surely, and they have a plenty of advantages unlike CEX’s. From my perspective, the only disadvantages existed in this type of exchanges is their platforms are not easy to use and limited functionality. Also, they don’t provide technical support. Regrettably, it can be tough for newbies to use them. Hopefully, they will fix these cons in the near future. At the moment, the number of DEX users will definitely increase

duckalis

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If you want to launch a crypto exchange without having to verify clients through KYC, you can provide them deposits and withdrawals only with cryptocurrencies.
Any fiat money transactions are carried out with the help of payment providers. They have certain requirements for their partners (i.e. exchange owners), which they’re forced to meet because of regulators. No one will allow you or a payment provider to handle fiat without KYC verification.

rozak

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Quote from: lalabotax on May 03, 2023, 04:58:17 PM

There are the options of CEX and DEX. Or even there are some platforms that need KyC and also no need KYC or do simple only KYC to verify it is us. For me, if I will get it from whatever the platform and have no problem with KYC platform as log as it is exactly legit. But if we want to use platfrom for instant purchas easily, P2P may be good moreover if you buy from trusted members here.

there will always be a choice. but until recently the best option for those with anonymity concerns was a DEX exchange. maybe now more CEX exchanges will require either simple or full KYC verification for us to be able to carry out activities on the exchange.
but for now, I think more people are starting to tolerate the KYC that the exchange asks for. except for those who do have a problem with their age.

DoublerHunter

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Quote from: rhodelmabanal on May 03, 2023, 05:04:28 PM

Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

I think you can do the platform without kyc the question is, How people trust it or how people think that it is safe, maybe there are a lot of people that did not trust it or did not use it because kyc is the most common factor to gain trust as we can see almost all wallet even crypto exchange need kyc to deposit or withdraw funds to avoid scammer.

^The number one problem that you will probably face is that trust.
So the reason why those companies that are related to financial institutions choose to be centralized and regulated by the government.
If your platform involves financial transactions, such as receiving or sending payments, it is probably the best way to implement some form of identity verification to comply with financial regulations and prevent fraud, this is how people will trust the platform especially if it is new, the assurance of the platform.

rhodelmabanal

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

I think you can do the platform without kyc the question is, How people trust it or how people think that it is safe, maybe there are a lot of people that did not trust it or did not use it because kyc is the most common factor to gain trust as we can see almost all wallet even crypto exchange need kyc to deposit or withdraw funds to avoid scammer.

lalabotax

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There are the options of CEX and DEX. Or even there are some platforms that need KyC and also no need KYC or do simple only KYC to verify it is us. For me, if I will get it from whatever the platform and have no problem with KYC platform as log as it is exactly legit. But if we want to use platfrom for instant purchas easily, P2P may be good moreover if you buy from trusted members here.

ScamViruS

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Your thinking is correct. But the exchanges are forcing their customers to do KYC when trading on their platforms, because the exchanges are regulated under the regulatory authorities, so even if the exchanges want to, they cannot do anything beyond that.

So if you want to hide your identity then you can use decentralized exchange where there is no hassle like KYC. But you must know how to use decentralized exchange, since you will have control of your own funds.

Hamza2424

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The question is still unclear but i think I got you.
So you are trying to say that you need a platform for P2P trading or decentralized trading without KYC I think many platforms allow you to just deposit and start trading. If your primary concern is not trading then in leading and yield farming also you can now freely move without KYC. But if you are involving the fiat in it it might be illegal according to the residential law enforcement policies.

KYC standard was to control the outflow of the fiat and for avoiding money laundering type of things but you can still find some of the platforms offering decentralized services without KYC. On the point of controlling crypto or Bitcoin, I am not sure about crypto but Bitcoin can't be controlled in a proper way according to my understanding.

ItsCrafty

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

You want a platform where you have two wallet. crypto wallet will be same like other exchange have and you want one extra wallet also where only our real money (fiat) will be deposit and withdraw. This is possible but how will you add fund to your second wallet? If you want through bank than your identity will be also disclose by somehow. if you want to do this by P2P there will be too much scam risk involved. People are scamming now in P2P despite of KYC approved. what will happen if this system created without KYC and bank details added?

Many Cex are working to operate their exchange in many countries and for this purpose security is must. for this security they ask for KYC to decrease the scam chances.

Blowon

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actually you can do that, it even makes your platform condensed with its decentralized characteristics as cryptocurrency. the problem is how the financial rules in your country. can they allow you to create a platform without data from users as usually it is related to security of user data in case of future problems. different from the original crypto because it doesn't require KYC for data because it is processed directly by the system.

abel1337

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Well, I hope that there will be a successful decentralized p2p platform in the future. There are certain problems with centralized p2p also even that they have KYC. There are still scammers trying to make money on doing p2p trading, as I once been a potential victims of those scammers. I believe that the scammers will spread more if they have been given a chance to have a decentralized profile as they can just create a brand new one after being reported as scammers. Also, I think it will be hard for a pure decentralized p2p platform to exist given that the buyer and seller certainly need to provide their bank account, e-wallet or other sort of payment option to send the fiat money. There are possible problems but I hope that someone will have a genius solution to this and will create a reliable platform.

wiss19

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I still feel fine about KYC, people are overreacting about it. First of all government has all of my info, literally down to my shoe size, so there is absolutely no reason to try to avoid anything from the government. Secondly, if bad people get the information, they would get my ID information, and that is already leaked a million times already, if you think that your ID is not shared in the darknets then you haven't been in darknets a lot, and that's I suppose a good thing.

All in all, there is absolutely no reason for me to fear giving Binance my KYC for example, maybe too shady places would be futile, because why would I, but there is nothing wrong with the ones we have right now, that ain't going to change. Binance will protect it better than your government protects it, I can guarantee you that much for sure.

FUCKBSVFUCK

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I don't think it's possible to make a platform without KYC verification. There are many platforms that are
already doing this, but they are not going to be able to do it.

You can check the history of the platform and it will be up to you whether you want to
spend your money or not.

If you want to make a platform without KYC verification, you have to be very careful
about the risk of getting hacked.

FUCKBSVFUCK

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I don't think it's possible to make a platform without KYC verification. There are many platforms that are
already doing this, but they are not going to be able to do it.

You can check the history of the platform and it will be up to you whether you want to
spend your money or not.

If you want to make a platform without KYC verification, you have to be very careful
about the risk of getting hacked.

tjtonmoy

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KYC is a necessary evil from what I Know. You lose some, you get some. In order to ensure the security and trust, we have to rely on centralized exchanges and obey their rules, TA, privacy etc. There are some decentralized exchanges, but they are not that much trustworthy. And some of them are pure scam. So in order to get a reliable service, we have to compromise our privacy at some extent.
But if you want to make some decentralized exchange, it will be quite hard to get people to totally trust on it. One thing you can use without any of these issue is crypto ATM. It doesn't require any KYC or anything. But it's not widely spread. So depends on availability. I don't think there's any secure method than this.
One more thing I want to add is that, if you use BTC as BTC and not convert them to fiat or other crypto currency, you can easily use it in decentralized method which it was created for. That's all.

justdimin

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Quote from: Husires on April 06, 2023, 09:23:36 AM

I remember several years ago there was a similar platform whose principle of operation was simple, as it was converting bank and PayPal into Bitcoin, the idea is as follows:

You buy virtual currency inside the platform, for example, by Xcoin using PayPal.
Within that platform, you can switch between that virtual currency to Bitcoin.
You can withdraw bitcoin.

There is no direct conversion between bitcoin to PayPal, but rather the use of an intermediary currency.

This website has been working for several years but they stopped due to regulations as the company's bank accounts were banned.

I would guess that you could do that today if you want to but that would be a bit of a trouble considering paypal also has a chargeback as well. So, if today I will give you bitcoin and you pay me in paypal, even if you end up paying first, then I would have to make sure that you do not do a chargeback. If you end up doing a chargeback, I won't be able to get the bitcoin back from you, but you would be getting the money back from me. How am I suppose to prevent something like that happening?

This is why I think as a business this is not a profitable one, it will be raided by people who would abuse such a thing and that is why it would not survive for too long.

Sadki004

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My idea it's website that you can deposit real money or real crypto and work just with P2P verification here just by deposit and people who will deposit money I can use e-commerce plugin so the government when they track money they found it going just to e-commerce website not crypto it's like I'm going to make two website one is for fake products but when u buy some of this product u will have money in your second website that u can change it by crypto

Husires

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I remember several years ago there was a similar platform whose principle of operation was simple, as it was converting bank and PayPal into Bitcoin, the idea is as follows:

You buy virtual currency inside the platform, for example, by Xcoin using PayPal.
Within that platform, you can switch between that virtual currency to Bitcoin.
You can withdraw bitcoin.

There is no direct conversion between bitcoin to PayPal, but rather the use of an intermediary currency.

This website has been working for several years but they stopped due to regulations as the company's bank accounts were banned.

Aanuoluwatofunmi

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For sure you can make a no KYC required website and people will give your business good and reasona consideration because everyone needs to be private, then before you can achieve this, you also needs to go private yourself, a centralized entity cannot promise privacy and decentralization when it's not decentralized, find one to learn more on privacy and try work hard on this area because that's the major centre for running a no KYC required platform in other to avoid any failed attempts.

avikz

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Anonymous P2P trade is a dengerous idea. I personally would never trade crypto to fiat in such a platform where KYC verification is not needed. It is highly likely that dirty money will get mixed in the economy and the receivers will be summoned by police. When it comes to bank, I would not risk an anonymous transfer to my bank account.

However, if you are trying to build a crypto to crypto exchange without KYC, you are welcome. But ensure to register it in such a country where government will support such initiative.

hugeblack

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It depends on the nature of the platform. If it is central, yes, you can do that, but you will be considered providing a money laundering service, and therefore you will be tracked and detained. You may try to hide your identity, but it is difficult to manage an activity with thousands of transactions per day without going through the banking system, especially if there is acceptance of transfers from and to cash.

If it is decentralized, things will be different, but your problem remains in providing sufficient liquidity.

blockman

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

There is no kyc in using bitcoin but kyc comes from exchanges where you deposit bitcoin. And this is for those centralized exchanged out there and we cannot do anything about it. There are exchanges that will not force you to kyc but you will get limited move and transfers while being there and then there is no certain time until they will allow you to do that.
That is like they will change the rules of their non kyc usage into forceful compliance of it.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

My question is can we make platform that can we verify account by deposit only .

If your bank accounts can recognize you by crypto address then so can you.

Quote

Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

You should know these days, even (mostly) non-KYC p2p services are slowly shutting down for reasons that aren't very clear, but everyone suspects that tighter regulations have hit them.
Some of the top exchanges that used to boast of being KYC friendly are now only a few left.

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I think there are some CEX's that nowadays can be used even when we don't do KYC. however, deposits and withdrawals will be limited per day. for DEX I rarely use it and haven't found one yet. But I suggest sticking with the popular CEX and doing KYC. it's safer, and more reliable because the CEX already has regulations from the government. although I'm sure you want to make anonymous transactions, however, if you use CEX, then you will still provide the data that you have such as bank accounts, and others.

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Quote from: Fullcoinese on April 02, 2023, 12:19:17 AM

I'm not sure that's enough to verify account ownership data. and I think KYC will still be the solution to such exchange platform problems.
although I'm not really into KYC, it seems that all data nowadays can't be truly anonymous. everyone is more open with their data to accelerate their activities.

KYC is something to watch out for, because the platform can sell your KYC everywhere for other purposes (like Election and credit card data fraud) I know that because ever experienced almost got scammed by credit card fraud a day ago, the scammer finds my KYC (ID Card) detail on ( I really sure) buy on the black market.

If I were a newbie, I will avoid KYC (this is an attention and dangerous thing).
So, if I can buy bitcoins on a decentralization exchange (without KYC), I will buy there even if it's more expensive than centralization or regular exchange with KYC.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Still not clear with the Ops intention Op said Bitcoin was for the decentralization and P2P anonymous medium of exchange but then Centralized exchanges jumped and started controlling crypto and they did and they are doing by manipulating the market from time to time. So coming up next to it I would like to add up things now OP is asking for a decentralized exchange without KYC.

Answering after explaining the query, Op we already have such types of platforms in the market such as decentralized exchange for trading crypto and even crypto to fiat we can trade with just the mechanism which OP is interested in. So OP if you want to know about these platforms s you can learn by just a few searches even I will give the hints to you.

►Mention on which Chain you are holding assets
►Search with the name of the chain about decentralized exchanges available on that exchange.
►Simply connect your wallet with that platform and enjoy decentralized trading with smart contract-based marketplaces.

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Quote from: gocryptoz on April 03, 2023, 09:31:39 PM

most of the the platforms required to complete kyc before trading now its impossible to create new platform without kyc its not 2017 anymore.

I think it's still possible. What about the decentralized exchange? But I think even if your exchange is centralized, adopting KYC can only be optional or only needed if you want to get a license and make your exchange more established.

Big crypto exchanges are mainly doing this because governments are also watching them and maybe the governments wants a piece of their income. That is why they are regulating them and regulations involves KYC verifications for the customers. For a small exchange, they shouldn't worry too much about these things but focus first on how can they improve their platform to attract customers to trade on it.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Deposit for verification? That sounds like what scammers like to do. What does it prove anyway? If you want to ensure that buyer and seller honor their trade, you need to set up something like a multisig. An initial deposit doesn't serve anything. That can work if you're building a forum and deterring spammers from registering on your website, but it has no value on a trading platform. Especially if you want to integrate fiat and crypto, you'll need more than just a multisig if you want to prevent others from scraping users' data from their marketplace information.

I also believe that even if all of the parties involved are anonymous, as long as your platform can ensure or prevent scams from happening, anyone would happily use it. Try to host your business in a country with friendly regulations for anonymous exchange if you want to do it. That being said, I doubt you can be free regardless of where you do your business if you integrate fiat into your platform.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Not every company or project owner actually wanted to implement the know-your-customer policy.
It is just a requirement by the law or government in order for you to run your company smoothly.
If you do not comply by the know-your-customer policy you might find it difficult to register your company and if there are fraudulent activities, you may not be able to help the government to track whoever that is involved. That is why the government will not be happy to approve, your no KYC project.

Fnally, kyc is also good for you as a company to track the members activities in case people would want to manipulate you with multiple accounts.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

If you are considering creating a platform, keep in mind that you must adhere to government regulations and obtain a license to operate. This means that you cannot unilaterally establish your own rules as a provider, as you will be held to regulatory standards.

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Quote from: dothebeats on April 03, 2023, 06:57:49 PM

I don't think there are still platforms that you can use that require no KYC at all. There are still some platforms that doesn't require KYC on your initial deposit, but over time they will still be requiring you to complete the pre-requisites, otherwise they will be holding your funds and your account hostage until you complete what they need. It's the way how things work nowadays for crypto; most of the services wouldn't allow you to proceed using them unless you complete their KYC.

There's a dex called bisq, no central authority and relies on p2p network similar to bitcoin and torrent hence protects itself from censorships. They don't hold user funds as well so there is nothing to hostage. There are some which sits in the middle - basically, centralized but doesn't hold user funds e.g. robosats

However don't expect them to be as liquid as mainstream platforms and they may also not be beginner friendly.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

To transact between fiat currency and cryptocurrency, your personal data must be shared, especially bank information. But for avoid kyc verification you can use the exchange service board for to transact the P2P trading. Anyway I don't think you can find any good platform where you can do any transaction without KYC verification especially p2p trading. Moreover, through this forum you can create a local community where you can transact directly through cash.

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most of the the platforms required to complete kyc before trading now its impossible to create new platform without kyc its not 2017 anymore.

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I don't think there are still platforms that you can use that require no KYC at all. There are still some platforms that doesn't require KYC on your initial deposit, but over time they will still be requiring you to complete the pre-requisites, otherwise they will be holding your funds and your account hostage until you complete what they need. It's the way how things work nowadays for crypto; most of the services wouldn't allow you to proceed using them unless you complete their KYC.

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Quote from: MusaMohamed on April 02, 2023, 02:11:15 AM

You can have it on Remitano and that Peer-to-Peer marketplace provides you wallets for Bitcoin, some cryptocurrencies as well as for fiat currencies.

You have multiple modes to trade on Remitano: Buy / Sell, Swap, etc.
https://remitano.com/

Are you aware that remitano need KYC verification?

Also, I don't Remitano is anything close to being a peer to peer marketplace because Remitano still acts as a third party.
It's just another poor man's version of local bitcoins

The only truly well-known p2p decentralized exchange is bisq.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Some platforms were P2P and know-your-customer procedures that were unconditional, continued for many years, and closed at the end. The closest example is the LocalBitcoins platform. We must acknowledge the fact that some use cryptocurrencies in money laundering, financing terrorism, tax evasion, and other illegal things, so KYC is a regulatory and legal condition whose regulations differ from one country to another; so in my opinion, you can create a platform without KYC, but your platform is not expected to last long, or you will be legally liable, in addition to that you mentioned that people could verify their account through deposit only, so how can people to trust your new P2P platform from the first sight and deposit their funds, and how do you ensure that these people are not from sanctioned countries or they are not sanctioned individuals?

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As the Bitcoin frenzy goes "legen—wait for it—dary," more platforms are enforcing KYC rules. But hey, wasn't Bitcoin all about being free from Big Brother? Fear not, there might be a fix that keeps Bitcoin's decentralized soul intact and users safe.

Imagine a platform with deposit-only verification, sporting two wallets—one for crypto, another for cold, hard cash. Users prove their identity without killing Bitcoin's core concept. It's a delicate dance between security and user-friendliness, like Homo Deus balancing on a tightrope.

If we nail it, we'll kick off a new age of decentralized, P2P currency, free from The Man's control. So, let's keep pushing Bitcoin's limits and strive for a future where cryptocurrency shines in all its decentralized glory!

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I see no reason why people shy away from KYC and we ought to understand that KYC isn't the fault of this exchanges as well because I know that if they have their ways, they will do everything possible to please their customers and do all they want. And there are other exchanges that might allow you to make deposit and also make withdrawals without doing kyc directly on their platforms but in one way or the other, you might be required to input a fiat payment method that already has physical kyc done in the bank.
No matter how it seems, mist times it seems people are confused because the moment they see a platform without KYC, they suspect it to be scam.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

1. What do you mean by verification only with the deposits?

2. Almost every exchange has separate wallet for Bitcoin, ETH, and other thousands of coins as well as fiat but its under the control of service provider which we call as centralized however there are decentralized exchanges are there which lacks liquidity compared to the centralized exchanges.

But to answer you question, you can't because it needs banking system so needs to follow the regulations and guidelines so eventually KYC will become a part of it.

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If you're planning to involve fiat, I think it needs to be a decentralized exchange. I'm not talking about hybrids or pseudos but an actual one like bisq.network - p2p, private, does not hold funds. Because so long as it's centralized and can be controlled it will receive regulatory pressure if the exchange has gained significant volume.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first is decentralized money and be P2P safely but now we can see many platform start controlling this crypto currency

You can not control Bitcoin and if you can control it, many people would have successfully controlled it before you. Long time before you someone would have controlled it if it is a possible thing to do. Governments will do it first and you would have not seen Bitcoin with its good adoption and high marketcap like today.

Quote

My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

You can have it on Remitano and that Peer-to-Peer marketplace provides you wallets for Bitcoin, some cryptocurrencies as well as for fiat currencies.

You have multiple modes to trade on Remitano: Buy / Sell, Swap, etc.
https://remitano.com/

Check more with
https://kycnot.me/
List of P2P/no-KYC exchanges

Fullcoinese

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it could be but it all depends on regulation from your government. because if it's like what you said, the platform will still be in touch with the bank where you live. and the platform must cooperate with the bank for deposit and withdrawal linkages.
I'm not sure that's enough to verify account ownership data. and I think KYC will still be the solution to such exchange platform problems.
although I'm not really into KYC, it seems that all data nowadays can't be truly anonymous. everyone is more open with their data to accelerate their activities.

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Quote from: Sadki004 on April 01, 2023, 10:56:55 PM

The reason of making Bitcoin in the first is decentralized money and be P2P safely but now we can see many platform start controlling this crypto currency buy KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Although it's your platform and you can make your own rules, if you want to succeed, you need to follow the standards. KYC is required for users, as you will become regulated by the government when applying for a license.

Running a decentralized exchange without permits and licenses is equivalent to running an illegal exchange. I apologize for potentially ruining your plan, but that's the reality now.

Jawhead999

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It seems like you're want to create an anonymous P2P platform, some existing P2P platform and decentralized exchange won't ask your KYC, but you need to link your bank account or digital wallet that you have verify in order to receive your fiat money.

So the problem about your' idea project is about the no KYC wallet that can receive fiat money, I don't know about such wallet and you need to have a high trust on that since it must be not legal or licensed.

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There are some and they are unsafe, whatever you do involving fiat you have to abide the laws of governments, they control the banks. Use decentralized exchanges which will let you to freely swap crypto but no fiat though.

Sadki004

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The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Topic: Did I can make platform without KYC verification (Read 462 times)