Topic: For which exchanges is KYC required? - page 2. (Read 445 times)
On changenow you can exchange near 10 btc per transaction without kyc. It's a non-custodial service, so you even needn't create an account there and verify it.
There are a lot of options. Binance, Bitmax, and Digifinex are one of those exchanges which can be used if you are fine 2 BTC withdrawal limit per 24 hour. More than that you must submit KYC.
Kyc os always required when you are dealing with Fiat.
When dealing with cryptoxcrypyo you can avoid kyc, as many exchanges do not require it.
When dealing with cryptoxcrypyo you can avoid kyc, as many exchanges do not require it.
When involving large crypto amounts though, KYC is required
Yeah, that's for a very high volume. I think binance only requires kyc for volume above 2 BTC.
Since there are exchanges need KYC right after registration and you can't use these exchanges without doing so like bittrex and polo I guess.
I know that many exchanges allow you to fund your account, but when you try to withdraw they require KYC. I would like to avoid this problem, so I want to know which exchanges can be used without KYC.
I'd say that Binance right now would still be my go to exchange for anonymous, low volume trades. That may not remain the case, though.
Even though there are cases where they have asked for KYC seemingly out of the blue, I personally have never gotten that. There is always risk with dealing with exchanges that do not require KYC, despite what their official policy with it is as others say, because ultimately, legislation can change and that's out of their control.
The most important thing though is making sure that the funds are in custody of the exchange for a minimal amount of time. I'd definitely go with Binance, but you may also find other smaller exchanges without KYC requirements. But whatever exchange you use, make sure you don't use it as a wallet, because there are various issues that may arise especially if you aren't comfortable with verifying yourself.
I know that many exchanges allow you to fund your account, but when you try to withdraw they require KYC. I would like to avoid this problem, so I want to know which exchanges can be used without KYC.
the reality now is you can't trust any exchange that says KYC is not required.
even binance is known for locking accounts and enforcing KYC despite their stated policy of allowing 2BTC equivalent in daily withdrawals without verification. "non-KYC" services like changelly do the same thing. they're all worried about getting FBI'd like BTC-E did in 2017.
the problem is if an exchange is big enough to be reputable, they're big enough to be on the USA goverment's radar. that usually means AML/KYC compliance.
There might be some exchange who doesnt still ask about verification but sooner or later they would really head on the same path.
For OP's questio, when you do mean about crypto to fiat transactions it would always tied up with KYC.
Yeah, that's for a very high volume. I think binance only requires kyc for volume above 2 BTC.
For now, but I wouldn't take their word for it since they make the rules and can change them at any time of the day.
I remember how Bittrex suddenly started to lower my max withdrawal amount. The lowest point was 0.4BTC, and then after a while my legacy account was blocked and I couldn't use it for anything anymore without verifying myself, which I obviously didn't do, and looking at how their volumes tanked, thousands of others didn't proceed either.
Kyc os always required when you are dealing with Fiat.
When dealing with cryptoxcrypyo you can avoid kyc, as many exchanges do not require it.
When dealing with cryptoxcrypyo you can avoid kyc, as many exchanges do not require it.
When involving large crypto amounts though, KYC is required
Yeah, that's for a very high volume. I think binance only requires kyc for volume above 2 BTC.
I know that many exchanges allow you to fund your account, but when you try to withdraw they require KYC. I would like to avoid this problem, so I want to know which exchanges can be used without KYC.
the reality now is you can't trust any exchange that says KYC is not required.
even binance is known for locking accounts and enforcing KYC despite their stated policy of allowing 2BTC equivalent in daily withdrawals without verification. "non-KYC" services like changelly do the same thing. they're all worried about getting FBI'd like BTC-E did in 2017.
the problem is if an exchange is big enough to be reputable, they're big enough to be on the USA goverment's radar. that usually means AML/KYC compliance.
I know that many exchanges allow you to fund your account, but when you try to withdraw they require KYC. I would like to avoid this problem, so I want to know which exchanges can be used without KYC.
This depends on the amount involved as not all withdraws require KYC. KYC is mostly needed among the centralized exchanges but also, the decentralize exchanges also does when your funds are higher for withdraws. Advise, kindly make use of the google search button to find out exchanges that required crypto deposit and withdrawals without KYC., also put in consideration the amount.
If you want to deal with fiat but aren't willing to submit KYC/AML information, then simply look for people to transact in person, and transact with cash or organize your bank transactions together. I don't think we currently have a single legitimate exchange that doesn't require KYC/AML when dealing with fiat.
If you only want to deal with crypto<->crypto only without KYC/AML though, Binance should be fine. They only require KYC/AML if you're withdrawing coins/tokens that are worth more than 2 BTC if I remember correctly.
If you only want to deal with crypto<->crypto only without KYC/AML though, Binance should be fine. They only require KYC/AML if you're withdrawing coins/tokens that are worth more than 2 BTC if I remember correctly.
Kyc os always required when you are dealing with Fiat.
When dealing with cryptoxcrypyo you can avoid kyc, as many exchanges do not require it.
When dealing with cryptoxcrypyo you can avoid kyc, as many exchanges do not require it.
When involving large crypto amounts though, KYC is required
I doubt you will find an exchange without KYC when the company is dealing with fiat transactions. In 2019 that's something inevitable.
There is Kraken, you can be verified Tier 2 just by filling some personal information (no need to upload your ID card, etc). Basically, you give your full name, DOB, country of residence, address. Being verified Tier 2 you can deposit/withdraw fiat with for a total of $10,000 monthly.
There is Kraken, you can be verified Tier 2 just by filling some personal information (no need to upload your ID card, etc). Basically, you give your full name, DOB, country of residence, address. Being verified Tier 2 you can deposit/withdraw fiat with for a total of $10,000 monthly.
Kyc os always required when you are dealing with Fiat.
When dealing with cryptoxcrypyo you can avoid kyc, as many exchanges do not require it.
When dealing with cryptoxcrypyo you can avoid kyc, as many exchanges do not require it.
I know that many exchanges allow you to fund your account, but when you try to withdraw they require KYC. I would like to avoid this problem, so I want to know which exchanges can be used without KYC.
Look if you are coming across an exchange that is asking for KYC only on withdrawal and does not list the same on their terms and conditions then stay away from that exchange. But in general as time progresses we are not able to keep bitcoin or altcoins decentralized to that extent that we expected to keep them. More and more exchanges are popping up with new regulations and they are asking for KYC all of a sudden with freezing of funds on non-compliance. This happened with poloniex some time back and then Shapeshift as well asking for membership and then KYC.It would be better off for you to do your own research and withdraw stored funds because you never know when you favorite exchange comes up with new rules. At that time you will end up in a soup. If you are unable to do KYC probably in future you wont be able to transact through exchanges anymore.
I know that many exchanges allow you to fund your account, but when you try to withdraw they require KYC. I would like to avoid this problem, so I want to know which exchanges can be used without KYC.
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