Topic: What exchange ask for KYC? (Read 17896 times)

Being well known exchange, binance allows traders to cashout upto 2btc without any KYC procedures, not until you ave a huge amount which will
need you to pass documents in order to withdraw bigger than 2btc, I also enjoy this as I don't have that much money.

I hope they will not change this, this rule of them is really helpful to those people who wants to hide their personal information.
I am also waiting for them to launch their decentralized exchange, they can have their centralized exchange fully KYC compliant for users but that decentralized exchange should not require any, as that's the essence of a decentralized exchange. We need to preserve our privacy here.

Binance!

If you aren't a whale who do make withdrawals more than 2 BTC daily then exchange would already be enough for your exchange needs.
There are still some exchange who don't require kyc thing but if I were you I would definitely go for the best exchangers as of this moment.

Most of decentralized exchanges require no KYC process. Well, there are also some centralized exchanges that let you deposit, withdraw and trade without KYC, let's say Binance. In Binance, you don't need to verify your identity to do anything but of course you will have limit withdrawal for non-KYC account.

Yes Binance indeed need a KYC if you're a day trade at least you need to do the verification thing.

Level 1: 24h Withdrawal Limit：2BTC

Level 2: 24h Withdrawal Limit：100BTC  (KYC Needed)

I think there are still a lot of exchange that not ask us for KYC like binance, HitBTC, but some of them we cannot make very big amount of withdrawal. But i think that is already good because i am not always withdraw big amount of money.

There are a lot of exchange don't need KYC verificatio.  The most popular exchange is Binance. It doesn’t require any KYC verification to diposite, trade or even withdraw.   

make use of Binance exchange,  there is no kyc involved for withdrawal between 2btc and below, it seems Kucoin also follow same step as Binance,  but I'm absolutely sure about Binance because I make use of it and I've been withdrawing without kyc I just did my kyc as of recent,  so go for Binance exchange

Some dishonest exchanges are starting to implement KYC without any notifications and freeze funds of those users, who refused.

Briefly some facts about the recent case with Traidsatoshi exchange (read more here)

1. Traidsatoshi exchange raised BTC withdrawal fee to insane 400K sat.



2. Started KYC checks without notifications even for users who traded under the limit of 2000$ (above this limit KYC was required)  (Did they want to force users leave more BTC on their balances to the time when KYC started? The more BTC on the frozen balance - the greater the incentive for users to accept the KYC or more funds will be freezed, if the KYC-check will be failed)


3. Some users refused to send KYC-info to the unknown exchange with a doubtful origin.

4. Some failed to complete it, because they had different data in their profile and their IDs. (they also couldn't change their data in profile - fields are read-only).



5. So these funds will stay frozen, and some day these accounts will be closed and funds will go to the exchange.


6. Traidsatoshi staff interacted with affected and dissenting users by banning them in discord and twitter, and posting stupid pictures in their own topic.

7. After many users complaints Traidsatoshi lowered the BTC fees to attract users, cause their trading volume is incredibly low - only 11 BTC!!! It is the 190 place from overall 2 hundreds at coinmarketcap.

8.Seems, a new cycle of depriving users of their funds has started.

They are trying to hide the truth under stupid flame in their own topic, but this won't help. Tradesatoshi is an unreliable exchange for trading and listing your coins. Beware of it.

I'm posting all this to let users withdraw their funds prior blocking and not to end up hostages of the situation. But to decide freely whether they want to pass a KYC-check or not!

Binanace, idex they are cool but more and more exchanges are implementing kyc as time goes on. So you would soon no longer be able to avoid it. So just try to do it now

You must understand that kyc you are passing for your security, and it is also very useful for trading large amounts, as far as I know most exchanges are allowed to trade without it if the amount of your deposit does not exceed 2 btc and I consider this a good solution for small traders.

There are no exchanges that do not require KYC. It depends on the number of coins because each exchange has a certain threshold at which they request your ID. DEX will never ask you about KYC, but they also have their flaws, so I do not use them.

I have done KYC on some exchangers like
Zedxe - Buy & Sell Digital Currency - https://www.zedxe.com/
IDAX.Pro - https://www.idax.pro/
a number of other exchancers also requested KYC for their data, perhaps this was intended to minimize asset theft.

Almost all the centralized exchanges need KYC but on some exchanges you can continue to trade in small amount without passing KYC.Even shapehift were asking for KYC so no more anonymous exchange,better to look for some decentralized exchanges.

those threads are scam, created by one guy who tried to provide a fake id. it's quite an old story, which was resolved by the refund. there is an article about it on medium

I read these accusations, but personally, I can not take anyone's side in this issue. The user was not informed in advance, but he also made a mistake by sending a fake. In addition, there are many accusations against Binance, Coinbase etc, but many people use them without problems. Choosing ChangeNOW I evaluated the quality of this service first of all. I made several exchanges to check out, I'm not new to this. I carefully read their terms of use. I really liked ChangeNOW, and it doesn’t matter to me that someone had problems with them, especially since he received a refund. If it were otherwise, it would be a real scam.

I disagree, how about those decentralized exchanges? they don't require KYC and those are the typical exchange that we can use if we don't want to pass KYC. Some centralized exchanges are still good enough and doesn't enforce KYC but I think in the future, most of them will.

We aren't using stock exchange, we are in cryptocurrency, stocks are for local/international exchanges that has been using to buy stocks for your favorite and preferred company. While us, in crypto we are using crypto exchanges.

didnt you aware that changenow is now a scam ? so many scam thread here  > https://bitcointalk.org/index.php?topic=4619534.600 , https://bitcointalksearch.org/topic/matej-krkic-full-time-troll-of-changenow-scammers-or-just-a-cheap-whore-5044036 , https://bitcointalksearch.org/topic/atomic-wallet-and-guarda-owners-scam-changenow-owners-5049346 , https://bitcointalksearch.org/topic/--4647308  .  these are ony few of the scam accuse against changenow/changelly .

but your right and they are right  . kyc on exchanges are optional or if you want to increase your trading limits but kyc on ico are different  . they require it no matter how much youl invest on them .


almost all centralized exchange ask for kyc but dex exchange dont require it  because they are not regulated

Now I use ChangeNOW, in their rules, it is indicated that they can apply KYC sometimes, however, in case of refusal, they just make a refund. They say that KYC is not required if you exchange less than 10 BTC equivalent.

Generally, an average exchange can withdraw without having to KYC but there is an average limit above $ 1k and if below you can withdraw at any time