For which exchanges is KYC required?

Ave_Maximus

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Quote from: Avirunes on March 13, 2019, 06:13:18 AM

Quote from: Ave_Maximus on March 13, 2019, 02:07:03 AM

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.

Changenow.io is a scam exchange with fake team if you read here: https://bitcointalksearch.org/topic/changenowio-evercode-lab-scam-illegally-holding-of-100-bch-11-bitcoins-4619534 .

Now that I have checked your last posts you made, it seems like you are likely a shill account going on promoting changenow here and there.

Quote from: palle11 on March 13, 2019, 04:31:00 AM

Quote from: Ave_Maximus on March 13, 2019, 02:07:03 AM

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.

I think it will be nice to use an exchange that uses KYC for a large 10 btc transaction because of the amount, security guide is important. You never would say who is trying to hack your account.

I don't usually send feedbacks for spamming of these kind. But next time when you post take care of what you are vouching for.

Feel free to take it or ignore it.

that is a fake news spread by a scammer

jrrsparkles

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Quote from: BitHodler on March 17, 2019, 08:14:20 AM

Quote from: simthdw on March 15, 2019, 03:19:39 AM

Some decentralized exchange requires no KYC but liquidity is a problem.

Some? All decentralized exchanges don't ask for personal information. If they do, then it's not a decentralized exchange, but a centralized exchange. The whole purpose of these exchanges is to not deal with central entities anymore.

I do however agree on the liquidity being a major hindrance in terms of being more adopted. This is where tokens on Ethereum are doing well. It's super easy to switch from token to token since everything runs on the same platform.

I read an article about IDEX asking the users to complete KYC to use their verification at late 2018 not sure they implemented it or not but what makes it as DEX when they have KYC to use it. Huh

Remember Shapeshit added KYC as well but it is really not to be considered as DEX but it is one of the most used Anonymous exchange in the past.

Capt00

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A decentralized exchange that not need KYC/AML is those Ethereum base exchange. Just like IDEX, Etherdelta and many more to mention. But for me, I just prefer to have joined in centralized exchange, through requiring personal data they can be minimized the possible hack happen. Binance is one of the examples of good crypto exchange.

icalical

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Many exchanges actually, but the most popular one is Binance, you can Deposit, Trade and Withdraw without submit any documents, but there is some limitation to your account if you are not doing KYC, they will limit your withdrawal amount, the maximum is 10BTC if I am not mistaken. There actually many exchanges that do not require any KYC but most of them do not have any customer support too, so I would not recommend it, other than that you may try Decentralized Exchange.

BitHodler

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Quote from: simthdw on March 15, 2019, 03:19:39 AM

Some decentralized exchange requires no KYC but liquidity is a problem.

Some? All decentralized exchanges don't ask for personal information. If they do, then it's not a decentralized exchange, but a centralized exchange. The whole purpose of these exchanges is to not deal with central entities anymore.

I do however agree on the liquidity being a major hindrance in terms of being more adopted. This is where tokens on Ethereum are doing well. It's super easy to switch from token to token since everything runs on the same platform.

iv4n

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Kucoin is good for now. I trade mostly there, I already wrote about it. You don't need kyc but there is a daily withdrawal limit. For me that's not a big problem, first I don't always trade with huge amounts, and when I do I simply withdraw founds in couple days. They are very nice, and there are many coins to trade with, many pairs, always some promotion. Who didn't try it until now should do it.

fara_buduk

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all forum members will surely answer to avoid a decentralized KYC exchange is a solution, because all exchanges are basically divided into 1.decentralized 2. centralized [requires KYC]. for the current period the growth of the exchange market is very fast in line with the growth of cryptocurrency that we can choose as we wish to trade

simthdw

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a lot of exchange allow you to withdraw small amount without KYC. But it is hard to find one for large amount.

Some decentralized exchange requires no KYC but liquidity is a problem.

zhekinsp

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Quote from: Bostraticus on March 14, 2019, 05:05:28 AM

Quote from: imstillthebest on March 13, 2019, 06:14:52 PM

Quote from: zhekinsp on March 13, 2019, 08:26:47 AM

Quote from: Reuglerz on March 12, 2019, 05:59:56 AM

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.

Almost all the legit crypto exchanges will ask for KYC when you want to withdraw huge funds,just like Binance you need no KYC for 2 bitcoin limit but more than that you need to verify your documents,even shapeshit asking for KYC.

Not all exchange are asking for a kyc . only centralized ones like binance but only if you are withdrawing a high amount of coins . dex exchange does not have a kyc but they are maninly have low volumes .

I dont think that shapeshift is asking for a kyc ? Because what i know is that shapeshift.io is not an kind of usual exchange . shapeshift only allows you to trade quickly , without registering or anything that are hassel , so why would they include kyc to their service ?

They have introduced a mandatory account creation, but there are other exchanges that can be used. You can use Changelly, Coinswitch or ChangeNOW, which I have been using lately. However, each of these exchanges will require KYC, depending on the amount, but you can make small exchanges to avoid this.

For me choosing centralized exchange with simple registration looks better than trusting an anonymous exchange when our conversion amount is small.

jhongzjhong

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Quote from: coin-investor on March 14, 2019, 06:16:23 AM

If you do not want to undergo KYC then pick a decentralized exchange, the majority of centralized exchange are requiring their members to undergo KYC if you reach a certain amount of funds to withdraw, so better check their terms and guidelines so you will not get caught by surprise.

This what we need to back to a decentralized exchange rather than centralized since last year and this current a lot of centralized exchange got hacked or having scam exit. There are some people who afraid of having KYC verification but I think that is the majority to all exchange now that we must follow and we don't have anything to do.

If you are decentralized exchange please have a look this link: https://coinsutra.com/best-decentralized-exchanges-dex/

coin-investor

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If you do not want to undergo KYC then pick a decentralized exchange, the majority of centralized exchange are requiring their members to undergo KYC if you reach a certain amount of funds to withdraw, so better check their terms and guidelines so you will not get caught by surprise.

Bostraticus

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Quote from: imstillthebest on March 13, 2019, 06:14:52 PM

Quote from: zhekinsp on March 13, 2019, 08:26:47 AM

Quote from: Reuglerz on March 12, 2019, 05:59:56 AM

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.

Almost all the legit crypto exchanges will ask for KYC when you want to withdraw huge funds,just like Binance you need no KYC for 2 bitcoin limit but more than that you need to verify your documents,even shapeshit asking for KYC.

Not all exchange are asking for a kyc . only centralized ones like binance but only if you are withdrawing a high amount of coins . dex exchange does not have a kyc but they are maninly have low volumes .

I dont think that shapeshift is asking for a kyc ? Because what i know is that shapeshift.io is not an kind of usual exchange . shapeshift only allows you to trade quickly , without registering or anything that are hassel , so why would they include kyc to their service ?

They have introduced a mandatory account creation, but there are other exchanges that can be used. You can use Changelly, Coinswitch or ChangeNOW, which I have been using lately. However, each of these exchanges will require KYC, depending on the amount, but you can make small exchanges to avoid this.

zhekinsp

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Quote from: imstillthebest on March 13, 2019, 06:14:52 PM

I dont think that shapeshift is asking for a kyc ? Because what i know is that shapeshift.io is not an kind of usual exchange . shapeshift only allows you to trade quickly , without registering or anything that are hassel , so why would they include kyc to their service ?

I think you didn't used shapeshit from the later part of 2018,because

Quote

"KYC Verification at ShapeShift Required to use Conversions, Starting October 30, 2018".

Source: https://blog.coinpayments.net/announcements/shapeshift-kyc-requirement

imstillthebest

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Quote from: zhekinsp on March 13, 2019, 08:26:47 AM

Quote from: Reuglerz on March 12, 2019, 05:59:56 AM

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.

Almost all the legit crypto exchanges will ask for KYC when you want to withdraw huge funds,just like Binance you need no KYC for 2 bitcoin limit but more than that you need to verify your documents,even shapeshit asking for KYC.

Not all exchange are asking for a kyc . only centralized ones like binance but only if you are withdrawing a high amount of coins . dex exchange does not have a kyc but they are maninly have low volumes .

I dont think that shapeshift is asking for a kyc ? Because what i know is that shapeshift.io is not an kind of usual exchange . shapeshift only allows you to trade quickly , without registering or anything that are hassel , so why would they include kyc to their service ?

zhekinsp

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Quote from: Reuglerz on March 12, 2019, 05:59:56 AM

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.

Almost all the legit crypto exchanges will ask for KYC when you want to withdraw huge funds,just like Binance you need no KYC for 2 bitcoin limit but more than that you need to verify your documents,even shapeshit asking for KYC.

sheenshane

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As what they have said above there are some exchanges didn't require KYC but it has a maximum limit of withdrawals.
Let's just accept the fact that time to time exchanges site was always having to implement KYC verification, the best thing we can do to avoid this problem is always choosing the right and reputable exchange. And I think the best exchange is Binance, since it is highly recommended by some traders here.

bitmover

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Quote from: bL4nkcode on March 12, 2019, 07:26:57 PM

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.

That's true for poloniex.

I wanted to dump an Altcoin that was listed there, and I was only able to do so after doing kyc. It was pretty fast and in a matter of 30 minutes my account was verified.

suzanne5223

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All crypto to fiat exchange I know usually require KYC and the last time I checked luno also user to use their services without KYC until the person transaction exceed $1500 but if you're talking about crypto to crypto exchange site crex,binance,hotbit etc are exchange that offer such services.

Avirunes

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Quote from: Ave_Maximus on March 13, 2019, 02:07:03 AM

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.

Changenow.io is a scam exchange with fake team if you read here: https://bitcointalksearch.org/topic/changenowio-evercode-lab-scam-illegally-holding-of-100-bch-11-bitcoins-4619534 .

Now that I have checked your last posts you made, it seems like you are likely a shill account going on promoting changenow here and there.

Quote from: palle11 on March 13, 2019, 04:31:00 AM

Quote from: Ave_Maximus on March 13, 2019, 02:07:03 AM

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.

I think it will be nice to use an exchange that uses KYC for a large 10 btc transaction because of the amount, security guide is important. You never would say who is trying to hack your account.

I don't usually send feedbacks for spamming of these kind. But next time when you post take care of what you are vouching for.

Feel free to take it or ignore it.

palle11

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Quote from: Ave_Maximus on March 13, 2019, 02:07:03 AM

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.

I think it will be nice to use an exchange that uses KYC for a large 10 btc transaction because of the amount, security guide is important. You never would say who is trying to hack your account.

Ave_Maximus

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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.

joniboini

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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.

bL4nkcode

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Quote from: bitmover on March 12, 2019, 02:15:52 PM

Quote from: UserU on March 12, 2019, 11:23:21 AM

Quote from: bitmover on March 12, 2019, 07:18:46 AM

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 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.

And so far, that's the most recommended exchange to do so.

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.

magneto

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Quote from: Reuglerz on March 12, 2019, 05:59:56 AM

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.

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Quote from: figmentofmyass on March 12, 2019, 01:15:50 PM

Quote from: Reuglerz on March 12, 2019, 05:59:56 AM

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.

All exchangers and similar platforms would really be heading on that way.If they do become big then most likely or high change that they would be asked out to implement KYC thing to their customers.
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.

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Quote from: bitmover on March 12, 2019, 02:15:52 PM

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.

bitmover

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Quote from: UserU on March 12, 2019, 11:23:21 AM

Quote from: bitmover on March 12, 2019, 07:18:46 AM

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 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.

figmentofmyass

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Quote from: Reuglerz on March 12, 2019, 05:59:56 AM

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.

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Quote from: Reuglerz on March 12, 2019, 05:59:56 AM

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.

mk4

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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.

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Quote from: bitmover on March 12, 2019, 07:18:46 AM

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 involving large crypto amounts though, KYC is required

LeGaulois

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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.

bitmover

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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.

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So anyway, I applied as a merit source :)

Quote from: Reuglerz on March 12, 2019, 05:59:56 AM

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. Sad

Reuglerz

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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.

Topic: For which exchanges is KYC required? (Read 448 times)