NO KYC Exchanges kycnot | Bitcointalksearch.org

dkbit98

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Quote from: o_e_l_e_o on September 04, 2021, 03:23:25 AM

I'd like to see a little bit more elaboration on some of their ratings. For example, with Hodl Hodl they state that "This exchange may request a KYC verification if it finds your movements suspicious." I was completely unaware of that, but can't find any more information about it on a web search. What I did find, however, is that apparently Bitfinex recently purchased a stake in Hodl Hodl, which is pretty concerning if you ask me.

I never used it so I can't say more about it, but no surprise there if Bitfinex exchange is new partial owner of HoldHold, we know they are doing random KYC checks for similar reasons on their exchange.
Only thing I don't understand is how can they prevent you from withdrawing your money if they don't hold any coins or fiat, that is even stated on their website, so maybe it is mistake made by kycnot developer.
There was some news about HodlHodl forced liquidations last month when they said they are doing some security upgrades.

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No KYC/AML – because, again, we don't hold users' funds.

https://hodlhodl.com/pages/faq

Here is HoldHodl latest security report, showing they had some vulnerabilities before:
https://medium.com/hodl-hodl/lend-at-hodl-hodl-security-report-3bf1a170d765

o_e_l_e_o

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I'd like to see a little bit more elaboration on some of their ratings. For example, with Hodl Hodl they state that "This exchange may request a KYC verification if it finds your movements suspicious." I was completely unaware of that, but can't find any more information about it on a web search. What I did find, however, is that apparently Bitfinex recently purchased a stake in Hodl Hodl, which is pretty concerning if you ask me.

Quote from: hello_good_sir on September 02, 2021, 05:56:23 PM

I think that LBC can be used up to an extent, much like Binance's model.

You cannot use LBC at all without completing KYC. You cannot use Binance's DEX at all without completing KYC. Both are very poor exchanges to be using.

hello_good_sir

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However they did list LocalBitcoins, and I think you now need kyc for using that now, but alternative LocalCryptos does not ask for kyc.

I think that LBC can be used up to an extent, much like Binance's model.

Localcryptos also apparently had an IRS agent infiltrate and pose as someone else. Be aware, pay your tax obligations, and of course keep good records.

I see a lot of people signing up for KYC-free accounts but then provide identification through the course of the transaction with another vendor. Makes absolutely no sense.

dkbit98

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Kycnot.me website is now back up and running new redesigned website.
There are two sections for exchanges and other services (VPN, VPS, etc.) and new thing they introduced is score ratings with Bisq being on top with score 10.0 KS and LocalCryptos is in second place with 8.75 KS.
Clicking on each exchange will show more detailed information, description and links.

https://kycnot.me/

Repository was moved from github to Codeberg and you can suggest new listings there:
https://codeberg.org/pluja/kycnot.me

Alternative old style website is maintained by someone else and can be found on this link:
https://patchysicp.xyz/~wheezy/kycnotme/

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Quote from: hugeblack on June 13, 2020, 10:26:06 AM

Is the only criterion for adding to that list is "exchange that does not request KYC"? I noticed that there were Scam Accusations against @ChangeHero.io - exchanger scammed me for 21 010 USDT

There is more into that ChangeHero.io scam accusation. It turned out that the accuser was someone who was not fair and shady. Regardless, the money was returned to the accuser.

o_e_l_e_o

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Quote from: gentlemand on June 12, 2020, 04:48:11 PM

You never know when they're going to spring it on you.

Exactly. If a site or exchange demands KYC from any of its customers, then you should assume it will demand KYC from you at some point, regardless of if you are within their stated "limits", and you coins will be frozen/locked until you comply. It has happened to thousands of people across dozens of exchanges. In fact, even if the site has never requested KYC, if you have to deposit your coins to their wallets then you should still assume you will be asked for KYC at some point, as has happened with multiple "DEXs" in the past, which turned out to be centralized scams all along.

Some strange ratings on that site, though. "The account creation requires personal information" and "The site may require KYC at some point". Shouldn't really be listing exchanges with either of these properties. And as I said above, if it's not peer-to-peer or they use a custodial wallet, then they can spring KYC on you at any time.

hugeblack

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Is the only criterion for adding to that list is "exchange that does not request KYC"? I noticed that there were Scam Accusations against @ChangeHero.io - exchanger scammed me for 21 010 USDT

Although NO KYC is a good thing, liquidity is important. How many liquidities is there on these platforms? Is the exchange taking place immediately or does it take some time?

I will add:

- https://wallofcoins.com/
- https://payfair.io/
- https://buycrypto.today/
- https://www.bitquick.co/buy
- https://bithalo.org/

And many other platforms, but I prefer to stick to Bisq.

It would be nice to add (LN supported) to this platform as it is a hot topic.

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The list of exchanges that do not totally require KYC regardless of the conditions is even smaller and this is what i thought kycnot.me had listed, unfortunately not. It makes no sense for them to list exchanges that will ask for KYC anyway when things come up.

gentlemand

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Welt Am Draht

Quote from: dkbit98 on June 12, 2020, 08:19:45 AM

mandatory

This is the word that alarms me when it comes to places where it isn't mandatory. You never know when they're going to spring it on you. I've seen enough people talk about being hit with it while well underneath the claimed limits.

That site would be better off splitting it into categories where you have a theoretical limit and places where it'll never, ever be asked for like Bisq. I don't think I'd bother even getting started with a partial KYC place without completing it first.

dkbit98

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Quote from: Bttzed03 on June 12, 2020, 11:23:57 AM

Why Kucoin? AFAIK, they implemented KYC since 2018.

Kucoin has similar policy like Binance.
There are 3 tiers:
Verified: 100 BTC per 24hr
Verified Institutional: 500 BTC per 24hr
Unverified Account: 2 BTC per 24hr
source:
https://kucoin.zendesk.com/hc/en-us/articles/360015102254-About-KYC-Verification

Bttzed03

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https://bitcoincleanup.com/

Quote from: dkbit98 on June 12, 2020, 08:19:45 AM

~ However they did list LocalBitcoins, and I think you now need kyc for using that now, but alternative LocalCryptos does not ask for kyc.
I also can't see Kucoin exchange on the list.

Localbitcoins was already removed from the list.
Why Kucoin? AFAIK, they implemented KYC since 2018.

For more KYC-less exchanges, check List of bitcoin person-to-person (P2P) bitcoin exchanges (e.g., Bisq, HodlHodl, LocalCoinSwap, etc.) and List of No-KYC Instant Exchanges

dkbit98

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Most of the people don't like having mandatory KYC on exchanges, but we understand it may be needed for trading larger amounts of coins sometimes.
In ideal world there would be no kyc whatsoever, but we know that is not possible with current global economic system.

One interesting website I found is dedicated for listing of exchanges and services with no mandatory kyc.
Supported coins are Bitcoin and Monero.
website:
https://kycnot.me/
github:
~~https://github.com/pluja/kycnot~~
codeberg:
https://codeberg.org/pluja/kycnot.me

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Cryptocurrencies are meant to make a change on the way we pay and exchange goods. They are made to untie the dependency between the users (customers) and the centralized entities that are in control (law enforced) of our economy (eg. Banks, FED, etc.).

KYC and AML exchanges are the most common nowadays, they act excactly like a bank when using their wallets (most newbies or "traders" do so). You (usally) don't own any private key, so the funds aren't fully yours, they custody your keys (if there are any keys that belong to you). They also require you to identify yourself in order to operate there (eg. photo of your ID). All of this together goes against the most valuable benefits of cryptocurrencies.

With KYCNOT.ME I want to make it easier for people to find trustworthy ways to buy, exchange, trade and use cryptos without needing to identify themselves, and preserving the decentralized and self-governed essence of Cryptocurrencies.

source: https://kycnot.me/

However they did list LocalBitcoins, and I think you now need kyc for using that now, but alternative LocalCryptos does not ask for kyc.
I also can't see Kucoin exchange on the list.

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Also adding here is the list from Jameson Lopp website:
https://www.lopp.net/bitcoin-information/buying-earning.html
https://github.com/distribuyed/index/blob/master/README.md

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