Exchanges WITHOUT KYC? | Bitcointalksearch.org

enhu

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Quote from: bitcoin31 on May 01, 2020, 01:40:33 AM

Let me share my opinion regarding KYC. I prefer trading on exchanges which ask for mandatory KYC. I think it's for our safe and, that is the most important point, those exchanges have a chance to stay live longer. Remember that Binance asks for KYC.

Even Binance exchange are requiring KYC I feel my identity will be safe there because that is most trusted exchange for me..
KYC is not benefits to the user of the crypto because we are not have freedome to hide our identity to tean of exchange or investment sites. But it depends to you if you agree on KYC it's good and follow it but for me I do not any choices to follow it but I don't like it.

Its not actually safe if you just think about the possiblity that the Chinese government can access these data. I'm just taling possibilities not that its confirmed but quite possible. I'm moving to decentralize exchanges because its just not good because while adoption is gradually occuring, our data are being collected everyday. Its enought for me to trade in the low volume DEX as long as I can escape that chain.

bitcoin31

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Quote from: ?? on ??

Let me share my opinion regarding KYC. I prefer trading on exchanges which ask for mandatory KYC. I think it's for our safe and, that is the most important point, those exchanges have a chance to stay live longer. Remember that Binance asks for KYC.

Even Binance exchange are requiring KYC I feel my identity will be safe there because that is most trusted exchange for me..
KYC is not benefits to the user of the crypto because we are not have freedome to hide our identity to tean of exchange or investment sites. But it depends to you if you agree on KYC it's good and follow it but for me I do not any choices to follow it but I don't like it.

bittraffic

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I have installed blocknet in my laptop months ago but I have no idea if it does have a TOR network functionality.
What might dex has to add to their platform I guess is allowing users to cash out through 3rd party for fiat, this is going to be a long shot for the DEX though.

Quote from: ?? on ??

Let me share my opinion regarding KYC. I prefer trading on exchanges which ask for mandatory KYC. I think it's for our safe and, that is the most important point, those exchanges have a chance to stay live longer. Remember that Binance asks for KYC.

Right now it's okay but when government start accessing their data, you may feel the eyes watching around you.

Clark05

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Quote from: WSDN on April 28, 2020, 06:59:14 AM

Quote from: Mateo Jr on April 28, 2020, 06:15:37 AM

Almost all exchanges have this procedure, but it is not required. Even on top exchanges, such as Binance, Huobi, Okex, etc.

These are the 3 exchange I use most often in this market and you don't need KYC because they don't force users to do this. However, you will be limited daily withdrawals but for me, 1 day withdrawing BTC is more than enough because I do not have much money in this market. If you are a new investor, you should take the time to learn about the crypto market then choose a secure exchange.

It's better to the exchange to not force their traders to pass the identity like id or anything personal . But if their withdraw a huge amount of money and they are requirinv to pass it Im not against that .

They have many exchange even the require KYC the trader needs to pass it once they withdraw a very big amount if money everyday but if it's only hundred dollars or thousands dollars they did not requried the traders.

jhonjhon

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Quote from: Mateo Jr on April 28, 2020, 06:15:37 AM

Almost all exchanges have this procedure, but it is not required. Even on top exchanges, such as Binance, Huobi, Okex, etc.

Maybe not if we are only moving a small amount but I don't think if we are transferring 10BTC.
Securing KYC in some exchanges has their reason also and I can deny that I doing KYC as well but we should be making it when necessary and know also whom we are submitting it. Because if you'll find strange with that particular exchange, it for sure nobody does.

xandriel

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Quote from: Oceat on April 28, 2020, 01:43:36 PM

Quote from: MCobian on April 28, 2020, 05:57:31 AM

It is true that almost all crypto communities avoid using exchanges with KYC. Because our personal data is too valuable given to exchanges.
Although the number of exchanges without KYC is quite a lot, but we must be careful in choosing. Not all exchanges without KYC are
appropriate, select those that have real volume and are also trusted. For now I use binance exchanges, because other than binance without
KYC. Binance has many benefits that benefit its users, such as like having a lot of pairing, many choice of quality coins, complete trading
features and a sophisticated security system.

A thorough research first is required before giving a chance to try those exchanges that they find. Every exchanges has their own pros and cons with or without KYC it's just up to the people who will have a knowledge about of that exchanges. And I agree with you that other exchanges that aren't reputable enough should be avoided because there's a lot of case about of this fraud exchange or being hacked even the reputable one. Users/traders should choose the best centralized or decentralized exchanges that suits for them.

I think that KYC is necessary to ensure your rights when investing. Currently some major exchanges like Huobi or Binance do not force users to do this and you can withdraw more than 1 BTC per day without having to do anything. Of course only for small investors like me and if you have an amount greater than 1 BTC then you should implement KYC if possible.

Oceat

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Quote from: MCobian on April 28, 2020, 05:57:31 AM

It is true that almost all crypto communities avoid using exchanges with KYC. Because our personal data is too valuable given to exchanges.
Although the number of exchanges without KYC is quite a lot, but we must be careful in choosing. Not all exchanges without KYC are
appropriate, select those that have real volume and are also trusted. For now I use binance exchanges, because other than binance without
KYC. Binance has many benefits that benefit its users, such as like having a lot of pairing, many choice of quality coins, complete trading
features and a sophisticated security system.

A thorough research first is required before giving a chance to try those exchanges that they find. Every exchanges has their own pros and cons with or without KYC it's just up to the people who will have a knowledge about of that exchanges. And I agree with you that other exchanges that aren't reputable enough should be avoided because there's a lot of case about of this fraud exchange or being hacked even the reputable one. Users/traders should choose the best centralized or decentralized exchanges that suits for them.

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Quote from: uray on April 27, 2020, 06:31:02 PM

Quote from: The Sceptical Chymist on April 22, 2020, 01:38:26 PM

This might not be in the spirit of Satoshi's intent, but there's no getting around it. I'm actually quite surprised that it's taken this long for most exchanges to be required to verify their customers.

I am sure Satoshi is well aware of the rules and regulation as he was an intelligent individual, there is nothing you can hide from the authorities and this is a new market and it will take its due time for the authorities to come up with the rules and regulations to have a grip in the market and eventually it will bound to reflect.

@ OP I am not aware of any exchanges right now which does not enforce KYC, if you are adamant you need to use decentralized exchanges like BisQ, Waves etc but the problem is that volumes are really low.

Agree, if we afraid about submitting KYC we need to trade in decentralized exchanges but I don't find any volumes here. As of now, even higher exchanges are not asking for a KYC procedure for a certain amount, if they start asking for KYC better move our funds into the safe wallets.

Who's will choose decentralized exchanges to do trade, but you can control everything there.Mostly traders can use major exchanges because KYC isn’t requires for the certain amount transaction likes binance daily limitation is near 2 BTC for kycless users now it’s your wish if you will submit documents or not that's dosen is matter.

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Quote from: Mateo Jr on April 28, 2020, 06:15:37 AM

Almost all exchanges have this procedure, but it is not required. Even on top exchanges, such as Binance, Huobi, Okex, etc.

These are the 3 exchange I use most often in this market and you don't need KYC because they don't force users to do this. However, you will be limited daily withdrawals but for me, 1 day withdrawing BTC is more than enough because I do not have much money in this market. If you are a new investor, you should take the time to learn about the crypto market then choose a secure exchange.

Mateo Jr

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Almost all exchanges have this procedure, but it is not required. Even on top exchanges, such as Binance, Huobi, Okex, etc.

MCobian

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It is true that almost all crypto communities avoid using exchanges with KYC. Because our personal data is too valuable given to exchanges.
Although the number of exchanges without KYC is quite a lot, but we must be careful in choosing. Not all exchanges without KYC are
appropriate, select those that have real volume and are also trusted. For now I use binance exchanges, because other than binance without
KYC. Binance has many benefits that benefit its users, such as like having a lot of pairing, many choice of quality coins, complete trading
features and a sophisticated security system.

Shohag123

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Personally i prefer the exchanges which don’t require kyc.But its very rare that exchanges doesn't want kyc.But as a small trader, i feel burden that i have to place my personal information to exchanges.So every exchange should give a chance to trade a fixed amount to trade without kyc like binance and some other big exchange.If you want to trade big amount then perform kyc.But in some exchange you can't withdraw without kyc like coinsbit.

But in dex trading you don’t require kyc or anything.But the biggest problem is that they don’t have much volume or anything.So i personally escape dex trading.

uray

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Quote from: The Sceptical Chymist on April 22, 2020, 01:38:26 PM

This might not be in the spirit of Satoshi's intent, but there's no getting around it. I'm actually quite surprised that it's taken this long for most exchanges to be required to verify their customers.

I am sure Satoshi is well aware of the rules and regulation as he was an intelligent individual, there is nothing you can hide from the authorities and this is a new market and it will take its due time for the authorities to come up with the rules and regulations to have a grip in the market and eventually it will bound to reflect.

@ OP I am not aware of any exchanges right now which does not enforce KYC, if you are adamant you need to use decentralized exchanges like BisQ, Waves etc but the problem is that volumes are really low.

SolarWindMiningCompany

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Quote from: Ridwan Fauzi on April 26, 2020, 02:08:28 AM

I don't think that Decentralized exchange is the best way to trade reckon in the volume of it is still low.

You don't need a decentralized exchange if you don't want to pass a personal identity.

Because you can choose binance exchange which is a popular exchange and you can pass the personal identity.

But you may have limited access to withdraw your fund, you just have 1 BTC per day for you to withdraw your fund.

Seem like binance exchange is the safest way rather you choose a decentralized exchange, at least you'll be comfortable when you store your money although it will be for long time.

People hiding from kyc in this modern era makes me laugh because with each passing day, it becomes bleak. Its now obvious that the government's are starting to accept crypto and build their digital coin around it (e.g. China), did we think that they will allow us roam freely without a trace. When buffoon left the dark web and got embraced by the surface web, it became a kyc affair

Oasisman

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Quote from: cassavachips on April 27, 2020, 03:30:29 AM

I really hate KYC especially on bounty campaigns, but it's different with exchanges. I don't think it's a problem we have to do KYC in a really big and good exchange. The problem is a small exchange that requires all users to do KYC, do KYC on the actual exchange to open features using larger funds and of course it will be risky if you lose an account that has not done KYC.

Most exchange doesn't require KYC verification if you're holding and transacting small amount of crypto. I think some of them has $1,000 transaction limit, If you go beyond that, then you need to comply and pass the KYC verification.
Another thing is, bounty campaign ain't worth the KYC verification for a highly possible shitcoin. You'll just end up risking your essential information to a random person over the internet.
Your information could be used as a tool for any fraudulent activities.

michellee

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Quote from: cutesgirl on April 26, 2020, 09:55:07 PM

Many bigger exchange still available for withdraw although without KYC because each exchange market giving limit for withdrawing if not pass kyc under 2 bitcoin in daily day like Binance exchange, for other exchange maybe give space for $5k every day if withdraw. Only with bittrex exchange market must kyc.

Yes, binance is a good exchange for people who don't want to do KYC. No matter if we only allow withdrawing 2 bitcoin daily, we don't have to bother about KYC, and we will be okay with limiting withdrawal amount. Besides that, binance will be the right choice for people who want to start trading without doing KYC because they can make a profit as much as they can, and they can withdraw their money without having a problem of KYC.

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Quote from: cassavachips on April 27, 2020, 03:30:29 AM

I really hate KYC especially on bounty campaigns, but it's different with exchanges. I don't think it's a problem we have to do KYC in a really big and good exchange. The problem is a small exchange that requires all users to do KYC, do KYC on the actual exchange to open features using larger funds and of course it will be risky if you lose an account that has not done KYC.

Indeed, it is very easy to find an exchange where you do not need to pass verification. Passing KYC should not be a problem for a user on a good cryptocurrency exchange. After all, verification helps you keep access to your account and opens the opportunity to use additional services of the exchange, such as participation in IEO, margin trading and the ability to withdraw more than 2 BTC per day.

cassavachips

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I really hate KYC especially on bounty campaigns, but it's different with exchanges. I don't think it's a problem we have to do KYC in a really big and good exchange. The problem is a small exchange that requires all users to do KYC, do KYC on the actual exchange to open features using larger funds and of course it will be risky if you lose an account that has not done KYC.

cutesgirl

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Many bigger exchange still available for withdraw although without KYC because each exchange market giving limit for withdrawing if not pass kyc under 2 bitcoin in daily day like Binance exchange, for other exchange maybe give space for $5k every day if withdraw. Only with bittrex exchange market must kyc.

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Quote from: Wh00re on April 21, 2020, 07:57:23 AM

I think it's safe to say that the majority of us hates KYC/AML these days. It feels so wrong to submit all your personal details when dealing with something like cryptocurrencies, as it wasnt the intention with BTC to reveal your identity at all.

With tons of exchanges enforcing it, which exchanges do you guys use now? Hit me!

I've been trading on DEX's as of lately, just to get a feeling of how they work, and I must say it feels good trading while being in control of your own private keys. Used Blocknet's DEX to trade some LTC for BTC, for the upcomng halving event, and it worked out fine.

What other alternatives can you guys recommend?

I prefer to trade on exchanges without KYC..Some of these exchanges are secured. Recently, people have chosen these exchanges without kyc over the ones with kyc. Reason being that, sometimes, there may be urgent need to trade some of your tokens without delays. With exchanges without kyc, this can be achieved.

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