Topic: What exchange ask for KYC? - page 2. (Read 17883 times)
I think nowadays almost all exchange ask for KYC if you want to increase your daily withdrawal limit or otherwise. I think one should provide the docs after making sure that its a reputable exchange and that the docs will not be used for something else but then honestly there is no control this process as a customer and we can only hope they will not circulate the details elsewhere. I would say unless you really need to, do not submit docs for KYC....after all this is all about privacy...
Hello there! Who knows what exchange to use in order not to pass KYC?
I mean not only to change, but also to take your money back without it
in my opinion, the large number of markets that need KYC is not very useful to use, but with reasons for the WD limit and various reasons that I am bored myself, I hear it. I mean not only to change, but also to take your money back without it
Some exchanges ask to pass KYC before depositing tokens, some exchanges ask to pass KYC before making a withdrawal. And some exchanges require KYC only if you want to trade with big amount of tokens.
In general, I use binance.
The amount is 2BTC per day, so no verification is required.
The amount is 2BTC per day, so no verification is required.
Yes, binance is ok for me. The only thing I was required of was to do the 2FA verification before I was able to make my first withdrawal. Apart from that, all is cool.
I think this is normal. And each exchange must have a KYC. As for me, this is a necessary stage when registering on the stock exchange, and this may help reduce the number of scammers.
I use an official wallet in my country, and is required for security issues. even now to improve security, loggin must use email.
There are several exchanges like that, that you can use without kyc , example of such is coinbene, but without kyc your withdrawal is limited to certain amount. Kyc increase your withdraw rate.
I'm okay using an exchange that does have limited withdrawal.It's good that they have that kind of option rather than pass on your info to them.
In general, I use binance.
The amount is 2BTC per day, so no verification is required.
The amount is 2BTC per day, so no verification is required.
Until recently, I also did, but then I was told that if there is any problem, you will not be able to restore your account. So I passed KYC.
There are several exchanges like that, that you can use without kyc , example of such is coinbene, but without kyc your withdrawal is limited to certain amount. Kyc increase your withdraw rate.
I'm okay using an exchange that does have limited withdrawal.It's good that they have that kind of option rather than pass on your info to them.
Binance is good and you can withdraw your money without passing any kyc. You can try to make a research to know what exchanges site are don't need to have KYC and I think there is a lot of them. But not only the not implementing KYC that you need to look because you can try to make a research about the exchanges site that are good and no bad records and no problems people experienced.
Almost every centralized exchange have KYC system. But KYC is not mandatory to withdraw your assets in some big exchanges like Binance, Coinbene, Gateio, Coinbase and many others! But if you want to withdraw more than 100K USD in a single day then you will have to pass KYC in these exchanges. Decentralized exchanges have no KYC system, though IDEX planned to ask KYC documents from the users but they move away from that decision.
I've been tested and used different trading/exchange platform and most of them have a Level 1, Level 2, Level 3 verification. Below are the things in each level (Not all of these are accurate and some of this is made up just to make an example)
Level 1: You need to give your full name (Cannot be changed) and you will be able to withdraw not more than 1 BTC
Level 2: KYC document like passport, drivers license, etc. and you will be able to withdraw not more than 10 BTC
Level 3: A picture of you holding your ID and you will be able to withdraw more than 10 BTC
Here are just examples I've made, you can use any exchange with only finishing the Level 1 verification and you can use any name you want but this is only for traders or investors that doesn't have big investments if your investments exceeds 1BTC then you need to complete the level 2 verification.
Thanks for information. If i know correctly address verification is required in order to be able withdraw more than 10 BTC. Driver license itself is not enough for passing Tier 2 level.Level 1: You need to give your full name (Cannot be changed) and you will be able to withdraw not more than 1 BTC
Level 2: KYC document like passport, drivers license, etc. and you will be able to withdraw not more than 10 BTC
Level 3: A picture of you holding your ID and you will be able to withdraw more than 10 BTC
Here are just examples I've made, you can use any exchange with only finishing the Level 1 verification and you can use any name you want but this is only for traders or investors that doesn't have big investments if your investments exceeds 1BTC then you need to complete the level 2 verification.
That rule is very important in order to have full security of the funds coming from a trader so that we won't experience any sudden drop of price. Exchanges like binance strongly recommend this KYC verification same with other exchanges who wanted full control of the funds circulating, because once there's no regulation for any holders they'll easily initiate a huge dumps. If that will occur crypto market will tend to lose more value and will cause panic to holders.
Hello there! Who knows what exchange to use in order not to pass KYC?
I mean not only to change, but also to take your money back without it
I mean not only to change, but also to take your money back without it
All centralized exchange do KYC because they are law compliant and they do not want to get involve in money laundering, most of these centralized exchange accepts trading and withdrawing in small amount but if you are going to deposit and withdraw within their threshold then you will have to go through their KYC.
Hello there! Who knows what exchange to use in order not to pass KYC?
I mean not only to change, but also to take your money back without it
There some exchange that no need kyc like some idex, forkdelta and etc. The exchange that have some kyc is the big exchange.. So if you want to trade you know you where to trade. Just research and you can find it. I mean not only to change, but also to take your money back without it
Among the exchanges that we can get full features without submitting KYC I prefer Binance is better one. You can also use decentralized exchanges without submitting KYCs. Lot of low quality exchanges asking KYC for withdraw process, So try to use always top rated exchanges.
Many scam exchange can ask you for KYC.Also the lagit one would ask you for KYC when you are depositing and withdrawing large amount of money for Anti Money Laundering Laws.But they will not concern if you work below 10k$ per day.
There are several exchanges like that, that you can use without kyc , example of such is coinbene, but without kyc your withdrawal is limited to certain amount. Kyc increase your withdraw rate.
I've been tested and used different trading/exchange platform and most of them have a Level 1, Level 2, Level 3 verification. Below are the things in each level (Not all of these are accurate and some of this is made up just to make an example)
Level 1: You need to give your full name (Cannot be changed) and you will be able to withdraw not more than 1 BTC
Level 2: KYC document like passport, drivers license, etc. and you will be able to withdraw not more than 10 BTC
Level 3: A picture of you holding your ID and you will be able to withdraw more than 10 BTC
Here are just examples I've made, you can use any exchange with only finishing the Level 1 verification and you can use any name you want but this is only for traders or investors that doesn't have big investments if your investments exceeds 1BTC then you need to complete the level 2 verification.
Thanks for information. If i know correctly address verification is required in order to be able withdraw more than 10 BTC. Driver license itself is not enough for passing Tier 2 level.Level 1: You need to give your full name (Cannot be changed) and you will be able to withdraw not more than 1 BTC
Level 2: KYC document like passport, drivers license, etc. and you will be able to withdraw not more than 10 BTC
Level 3: A picture of you holding your ID and you will be able to withdraw more than 10 BTC
Here are just examples I've made, you can use any exchange with only finishing the Level 1 verification and you can use any name you want but this is only for traders or investors that doesn't have big investments if your investments exceeds 1BTC then you need to complete the level 2 verification.
I think that now many support Binance, at the moment this exchange only pleases me.
try to use Binance, mine can output up to 2 bitcoins without KYC
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