Trade without identification? - page 2.

zhekinsp

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Quote from: sheenshane on January 17, 2018, 10:47:29 PM

Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

Hi,

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?

Thanks

I also encountered that exchanging site they ask me for me to give my identity by using valid ID, but i think this is for good and reliable services from their costumers to be safe and far away from scammers. But if you really like not giving valid ID's exchanging site there are hitBTC and Binance you may try these sites and they are also having a low transaction fees like deposit your money on your account and withdrawal.

As you said some exchanges asking ID verification for trade,Recently I am also asked for an ID when I try to sell a little bit of bitcoin in localbitcoins.com.Maybe it is necessary to provide an id to avoid the crminals who can use crypto currencies for illegal activities easily.But I don't think providing an ID over internet is not secured maybe it will be kept securd by the exchanges.But for me ID verification is normal if you are an illegal and it is ok to complete id verification while trading.

sheenshane

legendary

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Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

Hi,

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?

Thanks

I also encountered that exchanging site they ask me for me to give my identity by using valid ID, but i think this is for good and reliable services from their costumers to be safe and far away from scammers. But if you really like not giving valid ID's exchanging site there are hitBTC and Binance you may try these sites and they are also having a low transaction fees like deposit your money on your account and withdrawal.

metribitcoin

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Many new exchange come to the cryptocurrency market now that does not required verification ID like Kucoin and Gate.io. Also decentralized exchange like Etherdelta and Adex.market. So everyone can trade in many kind of cryptocurrency without any verification ID.

jerry0

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Thoughts on kucoin?

Qwantoom

newbie

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You can as long as it don't exceed withdrawing 2 btc. I know that only bittrex will force users to submit verifications.

thotknectar

newbie

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Perfect Anonymity is a little difficult these days,

Getting ahold of currency anonymously is cheaper than selling your
Crypto to fiat anonymously. And moving your crypto out of exchanges
Is already expensive. If you wanted to move out over certain local law limits
(Which is illegal, probably) anonymously, that would also be the most
Difficult and most suspect.

You might be able to hide what exactly it was the you did, but guaranteed
Someone will know you did something at x time and y place. And moving
Any large sum of Money through any bank will be too noticeable, whatever
Your reasons are.

If you want to trade with privacy, it is most likely you will have to find someone
You can trust on a marketplace where people find a way to trade in person
that suits both parties. But that will cost you extra for the risk said person
Is taking in violating the law as well, which may come in the form of losing
some of your profits.

Of course, you could also try anonymous currencies, which are designed to
Operate exchanging less information or encrypting said transaction info.
Deeponion.org built theirs on the tor network, but there are also many
Other altcoins that built anonymity in as a layer etc.

entrepmind23

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Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

Hi,

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?

Thanks

There are still decent exchanges that doesn't eask for IDs when trading. Binance perhaps don't ask for your ID unless you withdraw a bigger amount in which you need to upgrade to withdraw bigger. This is the case for Bittrex before but they already change their rule. Kucoin also don't ask for IDs as well ass Cryptopia. Poloniex also don't ask for verification documents unless you withdraw more than $2,000 daily. Etherdelta as well which is a decentralized exchange doesn't need verifications. You have various choices when it comes to exchanges.

Ausgewielt

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Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

Hi,

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?

Thanks

Government try to identify the users of cryptocurrency, probably it is needed to keep that exchanges legal. I trade have an account on some exchanges which not require my identity if I only want to trade bitcoin and altcoin pair but if I want to convert bitcoin to fiat then identity is always needed .

wayaneka

full member

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There many cryptocurrency exchange not ask for required verification ID like Kucoin, Gate.io, Coinexchange, Cryptopia, decentralized exchange Etherdelta and Edex.market. Now many new exchange that not ask for verification ID come to the crypto market and this is good sign so that cryptocurrency community will bigger by fast and the demand also will increasing alot.

freecastle

member

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Kucoin is by far the best among those who ask for no verification

Zocadas

hero member

Activity: 909

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Cryptopia has a daily withdraw limit of 5000 $ a day without ID verification.
Livecoin doesn't specify an ID verification, so I wouldn't risk to trade higher amounts without ID verification.
Bitfinex doesn't demand when only cryptocurrencies are traded. (Non-US)
Shapeshift and Changelly don't demand ID verifications, but have exchanging limits.
Yobit Verification in case of complaints needed. Else it is not specified.

SexForCryptos

jr. member

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Over the other exchanges Kucoin has the advantage that it does not impose you limits if you don't identify yourself. Very easty going.

Youghoor

sr. member

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Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet

I do not like the idea of being always giving out my ID for that kind of verifications, i mean, why do they need our private information in order to let us exchange our cryptos?

I am sorry, but for me, it is not fair at all. that is why i am always using Binance, Huobi or just Kucoin.

Binance is the best one of them, but the other two are good and have a nice volume.

None if them is going to ask you for ID's.

Melkoroth

newbie

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Quote from: tomahawk9 on January 15, 2018, 06:28:37 PM

Quote from: Melkoroth on January 15, 2018, 03:03:07 PM

Quote from: tomahawk9 on January 15, 2018, 02:54:27 PM

Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

Hi,

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?

Thanks

You are not sharing your ID to the internet, only to the database of the exchange. As long as the exchange is secure your ID will be safe.

Exchanges are not going to share your personal data to 3rd parties unless you do something against the law (money laundering, for example), in this case they are required to do so. If they share your ID without your consent they could face serious consequences.

I'd recommend you to just give them your ID, it'll be safer for both you and the exchange.

How you know they didnt share? How can you prove they did it, if they did it? You cant. Is the perfect crime, if anyone buys youre id from them, do you think he tolds from where it was obtained?

I repeat, is safer for the exchange to prevent crimes, for you is the same. They can fool you with or without id

bro, wtf? are you serious or just trolling?

Exchanges are not illegal companies that sell ID's to malicious groups, (most of the) exchanges are legitimate companies that work under the jurisdiction/regulations of a country, therefore, they have legal obligations and these companies are not going to risk their billion dollar business by selling stupid IDs. You need to understand that up to one point they ask for your ID for your own safety and the companie's, don't you understand what the AML and KYC policies are?

First of all, how can protect me that an exchange have my ID? How can it prevents lose my money?

And in second term, if a exchange sells ID (im not telling that ALL does, its enough with probability of one of them can do) how you figure you can prove it? To "going to risk their billion dollar business" you must prove that they do it. The id dont tell "im selled from XXX exchange". In darknet you can buy id, but you cant know where they come from.

I repeat: Im NOT telling that ALL exchanges does it, but there is not warranty that ONE of them do it, and you arent capable to know or prove it.

And the laws are not equal over the world. You are under the same legal requirements in Europe, than in USA, Asia or Nigeria?

tomahawk9

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Cats on Mars

Quote from: Melkoroth on January 15, 2018, 03:03:07 PM

Quote from: tomahawk9 on January 15, 2018, 02:54:27 PM

Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

Hi,

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?

Thanks

You are not sharing your ID to the internet, only to the database of the exchange. As long as the exchange is secure your ID will be safe.

Exchanges are not going to share your personal data to 3rd parties unless you do something against the law (money laundering, for example), in this case they are required to do so. If they share your ID without your consent they could face serious consequences.

I'd recommend you to just give them your ID, it'll be safer for both you and the exchange.

How you know they didnt share? How can you prove they did it, if they did it? You cant. Is the perfect crime, if anyone buys youre id from them, do you think he tolds from where it was obtained?

I repeat, is safer for the exchange to prevent crimes, for you is the same. They can fool you with or without id

bro, wtf? are you serious or just trolling?

Exchanges are not illegal companies that sell ID's to malicious groups, (most of the) exchanges are legitimate companies that work under the jurisdiction/regulations of a country, therefore, they have legal obligations and these companies are not going to risk their billion dollar business by selling stupid IDs. You need to understand that up to one point they ask for your ID for your own safety and the companie's, don't you understand what the AML and KYC policies are?

Partizanai

member

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i believe that in the near future we will have to verify our identities on all exchange in order to trade

Melkoroth

newbie

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Quote from: Yaunfitda on January 15, 2018, 03:24:24 PM

I don't think that they will share you ID from third party because it won't bring any benefits on their end.

Do you think that selling iDs cant bring benefits?

rjdp

newbie

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Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

Hi,

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?

Thanks

Yes you can find may exchanger like as hitbtc.mecratox,coinexchanger or kucoin .But i think bittrex is best but they want to your identity .Identity helps to you recover your asset so choise you self

Yaunfitda

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Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

Hi,

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?

Thanks

Its for you own safety and I doubt that the exchanges will share its database to another party. Well there's are exchanges that don't require you to submit your ID, like Binance for example.

I don't think that they will share you ID from third party because it won't bring any benefits on their end.

Quote from: Virtual miner on January 15, 2018, 03:18:44 PM

Quote from: Melkoroth on January 15, 2018, 01:58:17 PM

Hi,

The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?

Thanks

Its possible but only upto a certain extent. Like Most of the exchanges have 1 BTC withdrawal limit for unverified accounts. While for some exchanges like Binance the limit is 2 BTC. Except that you can prefer decentralized exchange if you aim to trade higher amounts but decentralized exchanges have their own demerits ranging from low volume, poor interface and lack of customer support.

I don't think that I can get to withdraw even 1 bitcoin so Binance is a safe play for me to trade, although lately they seems to be laggy. As for the decentralized exchange, yes it has advantage and disadvantage specially the lack of customer support.

kolega

member

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Exchange Bitfinex, binance, hitbtc does not require authenticate for trade and input and output of crypto-currencies equivalent to 2 bitcoin

Topic: Trade without identification? - page 2. (Read 431 times)