Topic: What are the Exchangers who do not require verification for your account? (Read 293 times)

But both of the them are centralized exchanges which require KYC for most users, which means both of them can, will, and frequently do, lock accounts and freeze the coins within and demand KYC. If you do anything which they decide is "shady", including where your coins have been deposited from, where you withdraw them to (bearing in mind they check several transactions back and forward, and not just a single transaction), how much you trade, what kind of trades you make, etc., then your account will be locked and KYC demanded. There is also zero guarantee that they continue to offer these non-KYC accounts. They could stop doing so today, and everyone with coins on those platforms would either have to complete KYC or give up their coins.

The only way to be safe and avoid KYC entirely is not to use centralized exchanges.

I know so far Binance and Kucoin both exchange has no requirement kyc withdrawing assets but it requires some google authentication and sms authentication to secure your accounts. Bittrex another exchange where you can withdraw your assets without doing kyc.

It depends on where the exchange regulation is based. Almost all exchanges based in my country ask kyc to be to be allowed to deposit any small amount for the first time including crypto.

I also checked that in order to withdraw some fiat on Binance one has to complete the kyc first.

What are those exchangers that asked for KYC right away upon sign up, I have signed up on big exchange and they do not ask me to do verification right away, they only ask if you are withdrawing a big amount or an amount that is higher on your level, even Binance or Kucoin will not ask you to do KYC right away, they will only give you an option to do it if you are going o trade big money.

Have ever try Binance exchange? also you could also check kucoin, Hotbit, Houbi, and others.
Actually at the present time now I most often use so far was Binance, Kucoin, Bithumb and Probit.
So far I've been using this for a couple of months and made a transactions several times and yet
I don't see any limits in my withdrawal amount to these exchange platform and for the KYC as well.

I'm not a big trader and only withdraw less than one Bitcoin, but in my three years on Kucoin and Binance they never asked me to do verification or KYC, they will only ask you to go through verification if you reached your limit, I guess small and big exchanges have trader's threshold for deposit and verification, once you reached it, so you have no choice but to go through verification.

•Binance (2btc/day)
•Kucoin(2btc/day)

If you do go above with these numbers then you dont have any option but to deal with those p2p sites that had been provided earlier page.
but if not then these exchangers or platforms are what you've been looking for.

Yeah, every centralized exchange which doesn't need compulsory KYC may also ask you to submit your KYC at any time for example Binance, they have 2BTC withdrawal limit for non verified accounts but if you are continuously taking advantage of 2BTC withdrawal everyday then you will be asked and your funds maybe put on hold mode until you submit them.

Anonymity with bitcoin was never promised, but it remains entirely possible to remain anonymous when buying, selling, trading, or using bitcoin, if you have the will to do so. Using decentralized peer to peer trading, trading using untraceable fiat methods, never completing KYC, mixing your coins, and doing all this over Tor, is a good start.

That's just not true. Plenty of exchanges lock accounts and demand KYC from users who are nowhere near their trading limits because they have triggered some unspecified algorithm and the exchanges has decided they are "high risk".

Given the amount of information most people freely give out to various social media sites, and how many databases of personal information have been sold, leaked, or hacked, a phone number and an email is usually more than enough to identify someone.

To be honest, if you are intending to use a reputed centralized exchange then you should be ready to provide your KYC documents at any time for any reason although they do not require at the beginning. A few centralized exchanges require KYC documents for a few specific actions. Most probably you can't ignore submitting KYC in such action like buy bitcoin with a card or increase withdrawal limits. You can't trade peer to peer or on a decentralized exchange, but honestly, it wouldn't funny like a centralized exchange for various reasons. So we have no choice if we intend to trade on good exchange safely although your privacy isn't safe.

Phone number and email were required for unverified users. But I don't consider them KYC. Those information do not reveal who I am. Personally, I don't make a fuss over giving them away. They're there for security's sake; confirmation, one-time verification code, and so on.

As to Binance's P2P, it is where KYC is required. And it certainly defeats the very purpose of many users who prefer P2P for decentralization's sake or to avoid divulging personal information. But, somehow, it is also put up by Binance for security's sake, or so I hope.

If you don't exceed on the exchange average daily or monthly limit they will not require a KYC procedure to you but at top of it better select the top tier exchange like binance as suggested since this is more secure and gives much lower fees on your transactions compare to other exchange.

I think most exchanges do not require kyc at first to be able using their services. Kyc only required when have a plan to do some bigger trade or bigger withdrawal amount of crypto or fiat. I personally have never upload any ID while using kucoin and have no problem until now.

That's right.
Binance does require KYC for fiat currency-based transactions and deposits / withdrawals with credit cards. Even if you deal just in cryptocurrencies, they can still request KYC at any time due to suspected "unusual activity detected".

Well this is bound to happen the crypto market was just under the radar on its early days but it being an asset market is definitely gonna be regulated as it can be abused through illicit activities. The promise of anonymity day by day will be long gone that is why exchanges like Shapeshift and LocalBitcoin suddenly required KYC because the authorities pressured them to do so. For me if you find an exchange that doesn't required KYC just don't be surprised that in any day you'll be seeing a notice asking you to submit your personal information.

I think the era of trading without verifying your KYC information is largely over. There are some P2P exchanges (mentioned by others) you can use but you will need to sacrifice either price or speed of execution (or both) over using an exchange that validates your KYC information. The small number of exchanges that will allow you to not verify your KYC either a) reserve the right to do so, and in practice will do so even if the customer believes they are doing nothing wrong, or b) is very much not trustworthy, and you should not be entrusting the exchange with your bitcoin.

Ahh right. I misunderstood then, my apologies. I thought you were talking about all peer to peer trading in general, not just peer to peer trading on Binance. Binance is like LocalBitcoins when it comes to peer to peer - it may be P2P, but it is in no way decentralized, still hosted by their centralized platform, and you must still complete ridiculously invasive amounts of KYC and risk your money by storing your coins on their platforms. It is all the worst bits of centralized exchanges combined with all the worst bits of P2P trading, and I don't understand why people use them. If you are happy with giving up your coins and privacy, then just use a centralized exchange. If you aren't happy with that, then use a decentralized P2P exchange. These centralized P2P platforms just combined the worst aspects of both.

Although Binance say they do not require verification unless you trade over a certain limit, you can see endless reports on here, Reddit, Twitter, etc., of users who have had their accounts locked, coins frozen, and KYC demanded without coming close to those limits and with zero explanation from Binance for the reasoning behind this. All centralized exchanges like this have a bunch of completely arbitrary algorithms which they do not disclose. Trigger one of them without knowing (and how can you know, since they never tell you what they are), and your account gets locked.

You just have to remember your password because once you will try recovering your account, you will be asked for your IDs. This is when you are then asked to submit your KYC data and it doesn't care if you will only trade less than 1 BTC, its mandatory to submit your IDs. You could try abandoning it and move to Kucoin or somewhere else. Somehow you will consider coming back because one day you will find out the token you want to invest in can only be found on Binance.

You are totally correct, but I am specifically commenting about Binance. Some people do say Binance do not require verification unless certain high amount is doposited and wanted to be withdrawn. But, I see this correct if binance user are just sending in and out cryptocurrencies, but not true while trading fiat, including the p2p on Binance platform.

I do not have to say anything about using credit card as it is a form of privacy depriving method of buying bitcoin, but p2p on Binance require users to snap himself, if he did not snap himself which is the fully verified level, he will not be able to make use of p2p on Binance platform. Although, the level for ID verification is not necessary.

So, I was just trying to make more points how Binance does require KYC while people are commenting like it does not require much verification which is completely wrong.

Any centralized exchange can ask you for KYC at any time and for any reason. Even ones like Binance which widely advertise their "no-KYC accounts" regularly lock accounts and freeze funds and demand KYC. Whenever you use a centralized exchange, you take the risk of either completing KYC or losing your coins.

The only way to ensure the safety of your coins and to ensure you will never have to complete KYC is to use a decentralized exchange such as Bisq.

It is entirely possible to trade peer to peer without giving away any personal details whatsoever. You just have to be considerate of the fiat payment method you are using and the other party you are choosing to trade with. Some will ask for ID verification for their own reasons. If you don't want to provide that, then just don't trade with these people.