Topic: Trading on Binance Without KYC via Safepal? - page 2. (Read 280 times)
I don't have a problem using Binance as I have been fully verified from the beginning and it is one of the exchanges that has my local currency pair too and I understand why investors keep talking about KYCs with exchanges even though there are other ways our info have been uploaded to the internet.
To be fair to them, anyone using a decentralized network needs to trust the chain they're using to some extent. But yeah, having a few of validators sounds a bit worrying if we're talking about 51% attack and stuff like that. That being said their dex is quite okay for most pair, but it is obviously lacking in liquidity compared to their main cex.
OP, if you don't want to do any KYC, maybe you should start getting more familiar with dex trade.
OP, if you don't want to do any KYC, maybe you should start getting more familiar with dex trade.
There're some misunderstanding here.
You're not trading on Binance spot exchange, but you're trade on Binance DEX where they only allow you to trade ETH and BSC chain only. What you need to know is Binance DEX aren't 100% decentralized because ETH and BSC chain is centralized. It's true Binance DEX didn't ask you KYC (now) but we didn't know in the future. There's no way it can be said as decentralized when you need to trust their chain instead of using the trully decentralized chain, don't trust, verify.
You're not trading on Binance spot exchange, but you're trade on Binance DEX where they only allow you to trade ETH and BSC chain only. What you need to know is Binance DEX aren't 100% decentralized because ETH and BSC chain is centralized. It's true Binance DEX didn't ask you KYC (now) but we didn't know in the future. There's no way it can be said as decentralized when you need to trust their chain instead of using the trully decentralized chain, don't trust, verify.
In the “Exchange” tab of SafePal App, you are enjoy decentralize trading experience without any special login to Binance DEX. View market, create order, view trade history and cancel order all on the go!
First of all, the Binance feature integrated on SafePal is exactly the same as the current Binance.com transaction feature. As a partner, we integrate Binance's full set of Spot trading functions in the SafePal wallet.
Therefore, all security terms and service terms are consistent with Binance. More details can be found here.
Binance accounts created in SafePal are indeed managed by Binance. It is a centralized trading account that exists on Binance's centralized trading platform.
The Binance spot trading function integrated on SafePal, only use your BNB address to create an account, not your personal information. （No phone, NO email address）Therefore, Binance does not have your personal information. You can use this feature normally in SafePal. If Binance has any new news, we will promptly notify the community.
Therefore, all security terms and service terms are consistent with Binance. More details can be found here.
Binance accounts created in SafePal are indeed managed by Binance. It is a centralized trading account that exists on Binance's centralized trading platform.
The Binance spot trading function integrated on SafePal, only use your BNB address to create an account, not your personal information. （No phone, NO email address）Therefore, Binance does not have your personal information. You can use this feature normally in SafePal. If Binance has any new news, we will promptly notify the community.
“Some might overlook the influence Binance Chain has over Binance Smart Chain’s validator set. BSC has 21 active validators, making it more centralized than most platforms.”
He added that the validator set is determined daily by Binance Chain, a network managed by just 11 validators, and posted an infographic demonstrating the relationships.
He added that the validator set is determined daily by Binance Chain, a network managed by just 11 validators, and posted an infographic demonstrating the relationships.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
So I read this somewhere that someone mention it but not sure if its true. But I remember someone said if you use safepal or trustwallet... im pretty certain it was safepal though... they said you could trade on binance without KYC. Is this true or false?
I don't know how Safepal wallet operates cause I am not familiar with it so I can't answer if it allows the trading on Binance without KYC, but for Trust wallet. You don't trade on Binance cause you actually trading on 1Inch exchange because the Trust wallet makes use of the 1Inch network to execute their coin swap. 
You might wanna check this/ TRADE IN BINANCE WITHOUT KYC – Safepal Wallet... Watch the video and the author explains how it's done. Personally, I have not tried using it to trade with Binance as my account is fully complied with the KYC requirement, but you can always try a new option if you don't want to get verified but I'm afraid there's a risk in doing it.
You can do this on both.
On safepal
You can swap, use the exchange service though I'm not sure how exactly this happens; haven't checked out this feature yet. It exactly seems like Binance but I'm not sure if it requires a Binance account or not. I can update this later on.
On Trustwallet
You can have swap service & DEX with BNB pair mostly, probably based on Binance chain. I have to check out that as it has been quite a long time when I last saw that.
On safepal
You can swap, use the exchange service though I'm not sure how exactly this happens; haven't checked out this feature yet. It exactly seems like Binance but I'm not sure if it requires a Binance account or not. I can update this later on.
On Trustwallet
You can have swap service & DEX with BNB pair mostly, probably based on Binance chain. I have to check out that as it has been quite a long time when I last saw that.
So I read this somewhere that someone mention it but not sure if its true. But I remember someone said if you use safepal or trustwallet... im pretty certain it was safepal though... they said you could trade on binance without KYC. Is this true or false?
Jump to: