What exchange ask for KYC? - page 3.

mrdeposit

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Quote from: joeperry on February 18, 2019, 08:24:45 AM

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.

joeperry

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Telegram: @jperryC

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.

Caladonian

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If you are going to withdraw not more than 2 bitcoin binance and coinbene will allow you, they will not require any KYC if you won't exceed to that
value, and aside from that like what others said about dex exchange, you just need to understand the rules and the process before you go and
use it, as there's some differences from what you are familiar using centralized exchange.

You can visit exchange site and read all the rules to find out what will be the best that suit to your need.

BitcoinHodler

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HODLing is an art, not just a word...

be very careful about this because there has been a lot of cases where exchanges promised to not require KYC at all and because of that a lot of traders were attracted to their platform but then suddenly they changed this exact rule and broke their promise out of nowhere and forced the same people to submit their KYC documentation for verification of their accounts or they could not withdraw the amounts they had on exchanges.

LbtalkL

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Practically all exchange has KYC particularly centralized exchange but not everyone of them expects us to do it yet you have a few restrictions, in any case some new exchange is exceptionally forceful even they don't have vast volume they expected everybody to do KYC, you can't trade if you don't KYC like Latoken. The best exchange and decision right now like everybody is telling is Binance.

Dr.Sponge

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I don't even think if any exchange would ask for KYC. You can actually trade without doing KYC, but they are doing such limitations.

debby070

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www.codex.one

Quote from: iLatios on April 27, 2018, 01:13:30 AM

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 just wondering why would an exchange require a user to use KYC? Does that makes their login procedure worse? I think it will be okay if users can access their account on exchange without KYC.

beeelzebub

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Bcnex - The Ultimate Blockchain Trading Platform

Exchanges i did kyc for: gate.io, uex, latoken, fatbtc, coinbene, coss, idax. Seems most of the exchanges asking for it.

Prolifik

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Only decentralized exchanges are completely free of KYC. I do not know about any centralized exchange that doesn't require it.
The list of good DEXs: IDEX, EtherDelta, Tokenjar, WavesDEX.

levyashin

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$CYBERCASH METAVERSE

Seems most of the exchanges starting to implement kyc. For some, you can't even open the exchange before doing a kyc, for some you saw there is a kyc requirement when you want to withdraw your coins.

Right now, kucoin, binance and decentralized exchanges are not asking a kyc.

Godex_io

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It's easier to list those exchangers that don't ask for KYC: any decentralized service. But if you don't want to register and waste time on understanding their mechanics, try godex.io. You'll see that it is piece-of-cake simple and no one was asked for KYC ever

Aying

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https://raiser.network

Almost all of the exchange are already requiring it, and it is fine for me for security reason too, even here in our country our local exchange is requiring it.

delltop

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Global Risk Exchange - gref.io

KYC is not needed on stock exchanges,if you withdraw small amounts to 2 BTC. At Bittrex and Binans, KYC is needed to raise the limit to 100 BTC per day.

MiF

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Quote from: Amel on April 29, 2018, 06:42:13 PM

Quote from: cryptoamumu on April 29, 2018, 05:16:19 PM

Quote from: torry28 on April 27, 2018, 02:43:49 AM

AFAIK, for now only Bittrex. You only can withdraw your money ONCE you have verified your account (you need to do KYC).

Poloniex, binance, cryptopia, coinexchange, liqui doesn't need KYC unless you want to withdraw huge money.

Last time I checked, Poloniex required kyc before you could even trade, not just withdrawing. You could register your account but you couldn't really do anything else until you verify your info. Same with coinbase.

are you sure? because I've never used poloniex anymore, I prefer to use binance, its high volume and user is not required to verify KYC
and I think bittrex also has a complicated KYC system. I do not like that

KYC i useless man, because everybody can cheat anytime the wanted to. They can use other person's identity and credentials for trading their coins, its useless since everybody is capable to do that right? I agree the complicated idea of bittrex, yet they're wasting every trader's time and possibly more people will be switching to binance if their system will continue of that type of being so tight. I know you're not the only one who didn't like that, and am sure more people was not feeling happy for that right now.

mangkanor

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I dont know which exchange but ive heard if you are going to have big transactions in enxchanges you will need to very yourself for your own protection if you are going to transact big amounts of bitcoin yo uare literally going to put yourself in a great danger as these people will know who you are ,most of the time ecxhanges are going to manually process the transcations if you have 100+btc

Market-desi

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I know if I remember correctly when my friend wanted to melagukan then in exchange order KYC. namely hericoin.
.actually it is good because it becomes the security of fraud.

m.vina

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Quote from: iLatios on April 27, 2018, 01:13:30 AM

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

Most large exchanges won't even require KYC as long as you don't cash out such large amounts daily. If you aren't in a rush then just be safe and go with the large exchanges like Poloniex, Bittrex, Bitfenix, or even KuCoin.

However, if you absolutely want to join some small shit exchange, then i would recommend TradeSatoshi.

Amel

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Quote from: cryptoamumu on April 29, 2018, 05:16:19 PM

Quote from: torry28 on April 27, 2018, 02:43:49 AM

AFAIK, for now only Bittrex. You only can withdraw your money ONCE you have verified your account (you need to do KYC).

Poloniex, binance, cryptopia, coinexchange, liqui doesn't need KYC unless you want to withdraw huge money.

Last time I checked, Poloniex required kyc before you could even trade, not just withdrawing. You could register your account but you couldn't really do anything else until you verify your info. Same with coinbase.

are you sure? because I've never used poloniex anymore, I prefer to use binance, its high volume and user is not required to verify KYC
and I think bittrex also has a complicated KYC system. I do not like that

matsusomoto

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I am using KuCoin and it isnt compulsary to verify your identitfy,which is why i am using KuCOin as my secondary exchange when i am traing altcoins as because i do beleive KuCOin is going to be the next binance.I see KuCoin few years from now as going tobe more massive than any exchanges which doesnt have any good interface unlike to KuCoin's.

jeungo

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As far as I know, now almost all large stock exchanges require a personal identity check. But often this is due to the volume of daily or weekly sales. The conditions for verification can also be changed by the exchange if SEC obliges them to provide more information for verification.

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