What is the best non Kyc exchange | Bitcointalksearch.org

tvplus006

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Quote from: Jon_Hodl on July 03, 2023, 01:42:43 PM

IMHO, the absolute best platform in the world to buy/sell bitcoin without any KYC is RoboSats.

It requires some technical know-how and you have to have some sats to lock into the maker bond to place orders but once you use the platform a few times, it is without a doubt in my mind, the best way to buy bitcoin without any KYC.

Do you really think this exchange is the best and you are not confused by the fact that RoboSats was registered a year ago? And given the fact that this exchange is not in the Coinmarketcap rating, which lists even shitty exchanges, I would not recommend using it.

Lamkuthang

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Quote from: tvplus006 on June 30, 2023, 12:31:59 PM

After the announcement by Kukoin that mandatory KYC is being introduced on the exchange, many traders chose BingX exchange for irpnrvli, which currently lacks KYC. But there are no guarantees that after some time, the exchange will not revise its rules and introduce mandatory KYC for trading.

Every action has a reaction, and on average most people don't like having their personal data exposed and recorded on (KYC) platforms. Maybe the reason seems classic, that is, if there is one more thing, there is no guarantee that the data is safe, it will be deleted or, at worst, used for other purposes. Yes. The potential for change is definitely there. because each plotform requires operational costs and pays employee salaries. One of the turnovers is the taker maker fee which is charged for every transaction whether WD, transfer or so on.

sunsilk

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Quote from: Inwestour on July 03, 2023, 04:30:41 AM

It seems to me that it is only a matter of time before the regulators can get to all the exchanges, and OKX will also not be able to resist for long. There are still options, but we need to be prepared for the fact that in the end all exchanges will require verification. Recently, this trend has intensified.

Kucoin and OKX did followed.

It's true that it's just a matter of time until many of these non kyc exchanges will turn into kyc required exchanges. Maybe we still get some hope from those actual p2p markets that don't really require kyc.

But for the majority of the centralized exchanges that don't require kyc, if there are still others that don't enforce it. It will no longer be a surprise if they does.

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Quote from: Timmzzy on July 02, 2023, 06:04:17 PM

but coming across this post am kind of freaking out because I cant even count the amount of exchanges have actually done kyc... in the other hand i should be in the safe side of not using my exchange wallets as a means to store assets.

Well, there's really no reason to freak out, quite rightly you've lost your privacy, but just like so many other people who use these exchanges have done. The reality of it all is that it is inevitable for people to use centralized exchanges because of some of the features it offers them, coupled with their needs, but it is a must not to use an exchange wallet to store your asset.

Jon_Hodl

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IMHO, the absolute best platform in the world to buy/sell bitcoin without any KYC is RoboSats.

It requires some technical know-how and you have to have some sats to lock into the maker bond to place orders but once you use the platform a few times, it is without a doubt in my mind, the best way to buy bitcoin without any KYC.

Inwestour

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Quote from: Husires on June 28, 2023, 12:27:04 PM

This option has became from the past, and it is better to talk here about kucoin was KYCless exchange that they were not strict in verifying identity, or it was not compulsory, or it was possible to bypass it without uploading the files.
The alternative options are now limited to OKX, you can try it, but I expect that they will make the same decision in the next few months.
The next option may be the forum, there is a good possibility of fast non-kyc crypto exchange if you are trusted.

It seems to me that it is only a matter of time before the regulators can get to all the exchanges, and OKX will also not be able to resist for long. There are still options, but we need to be prepared for the fact that in the end all exchanges will require verification. Recently, this trend has intensified.

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Quote from: Amphenomenon on April 25, 2023, 04:04:41 AM

Most of the new members here, have done Kyc especially those into Crypto trading before joining this forum and discovered the dangers of Kyc (I am with this group) and so all we can do is to try to avoid Kyc and hope our past mistakes won't to haunt us. My aim is to get reviews about the best non Kyc trading exchange at the moment in order to advice those I know that want to go into trading (because I can't just tell them the dangers of Kyc without giving them a solution). Though there have been post about this before but its a known fact that some of this exchange may later switch to using Kyc or be less reliable as before. I know Bisq exchange is good but you can't trade with it on it mobile app (and not every traders has a pc ) and is not really beginner's friendly.

I was thinking have to go through KYC is a better option when trying to use exchange as so to know who the assets really belong to, but coming across this post am kind of freaking out because I cant even count the amount of exchanges have actually done kyc... in the other hand i should be in the safe side of not using my exchange wallets as a means to store assets.

tvplus006

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After the announcement by Kukoin that mandatory KYC is being introduced on the exchange, many traders chose BingX exchange for trade, which currently lacks KYC. But there are no guarantees that after some time, the exchange will not revise its rules and introduce mandatory KYC for trading.

Charles-Tim

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Quote from: siniminomorocomunisakito on June 30, 2023, 11:41:21 AM

Quote from: Charles-Tim on April 25, 2023, 04:07:16 AM

For a centralized exchange: Kucoin.

That's right, and that's what I have tried and have become one of the users of the platform. However, there is also a need to pay attention when sending or selling assets when we trade there. Certain coins have varying costs, both wd and deposit to others and for the others you mentioned I haven't tried them. thanks for the additional info.

I think I have to edit my post because Kucoin will begin to make KYC compulsory. https://cointelegraph.com/news/kucoin-crypto-exchange-to-introduce-mandatory-kyc-in-july

siniminomorocomunisakito

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Quote from: Charles-Tim on April 25, 2023, 04:07:16 AM

For a centralized exchange: Kucoin.

That's right, and that's what I have tried and have become one of the users of the platform. However, there is also a need to pay attention when sending or selling assets when we trade there. Certain coins have varying costs, both wd and deposit to others and for the others you mentioned I haven't tried them. thanks for the additional info.

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Quote from: asawale on June 29, 2023, 03:33:34 AM

I always don't see any reason why a trader should be fearful of doing KYC on a well known legitimate exchange once the source of the funds you're moving to the exchange is from a legit source and also being used for legitimate activities and businesses.

One important reason to avoid KYC is that corporations lose data in huge amounts, and the attackers who acquire it can cause very significant trouble. This is a waste of time, money and nerves.

If you look at the biggest corporate data breaches reported by Wikipedia, you can see that most of these corporations are not held accountable enough, and some lose data more than once. And exchanges collect enough information for KYC to go through a similar procedure in so many places. And accounting data from exchanges leak regularly.

If we take into account only the monetary part of the losses, according to Britannica, in 2021 in the United States alone, 42 million people became victims of identity theft, which is 12.5% of all residents of the country, including infants. Total losses for that 2021 alone from identity theft amounted to $52 billion.

Of course, it is up to you to decide, but there are reasons for a respectable person not to undergo the KYC procedure.

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Quote from: Amphenomenon on April 25, 2023, 04:04:41 AM

Most of the new members here, have done Kyc especially those into Crypto trading before joining this forum and discovered the dangers of Kyc (I am with this group) and so all we can do is to try to avoid Kyc and hope our past mistakes won't to haunt us. My aim is to get reviews about the best non Kyc trading exchange at the moment in order to advice those I know that want to go into trading (because I can't just tell them the dangers of Kyc without giving them a solution). Though there have been post about this before but its a known fact that some of this exchange may later switch to using Kyc or be less reliable as before. I know Bisq exchange is good but you can't trade with it on it mobile app (and not every traders has a pc ) and is not really beginner's friendly.

I always don't see any reason why a trader should be fearful of doing KYC on a well known legitimate exchange once the source of the funds you're moving to the exchange is from a legit source and also being used for legitimate activities and businesses.

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Quote from: Charles-Tim on April 25, 2023, 04:07:16 AM

For a centralized exchange: Kucoin.
Read more here: https://kycnot.me/

This option has became from the past, and it is better to talk here about kucoin was KYCless exchange that they were not strict in verifying identity, or it was not compulsory, or it was possible to bypass it without uploading the files.
The alternative options are now limited to OKX, you can try it, but I expect that they will make the same decision in the next few months.
The next option may be the forum, there is a good possibility of fast non-kyc crypto exchange if you are trusted.

tvplus006

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Quote from: GH2022 on June 27, 2023, 03:54:32 PM

Kucoin is probably (for now) the best option...

From July 15 , Kukoin introduces mandatory KYC: "Starting from July 15, 2023 (UTC), newly registered users must complete their KYC in order to use KuCoin's products and services" - https://www.kucoin.com/announcement/enhancement-of-kucoin-customer-identification-and-verification-program
And this means that if there are still any exchanges without KYC, then we can expect that after some time, a mandatory KYC will also be introduced there.

Stalker22

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Quote from: ultrloa on June 27, 2023, 07:03:43 AM

You can avoid this on some exchange since Kucoin doesn't require there users to submit their KYC. But they have set limits which is fine especially when you trade small amount of money and will not exceed to 1BTC a day. For now this is the best casino for no KYC needed category since they are somehow reputable exchange which operates for long years.

Any other exchange well I can't trust them especially those new ones stating that they will not require KYC to anyone.

1 BTC a day on the Kucoin exchange is only applicable to withdrawals and deposits, I believe. This restriction does not apply to trading.

Quote from: _BlackStar on June 27, 2023, 06:07:25 PM

You're right - Binance is one of them, of cource- but I wasn't there at the time. Cheesy

I was actually there when it happened, and thankfully, they let all users withdraw funds from the platform without going through KYC verification. It was definitely the right move in that situation, and I hope other platforms take note and avoid locking user funds and demanding KYC.

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Quote from: Mpamaegbu on June 27, 2023, 09:17:35 AM

If you're given lists of centralized exchanges that are KYC free now but you don't ever intend to go through any type of KYC in future, I will advise you don't even start with any of them. At some point in future, these KYC-free exchanges now will ask for KYC. If Binance which was KYC free when it debuted in 2017 could later mandate its subscribers to go through KYC, I don't want to trust that any other KYC free exchanges now won't toe that line later. Wait till these exchanges have grown their subscriber base and see them change like the chameleon. OP, your best bet should be to go to Dexs which are absolutely KYC free.

When they manage to grow their business bigger - then the government will demand that they apply KYC to get license to operate in their jurisdiction. I wouldn't be surprised when some of them change the TOS on the way - it's happened to several other well-known exchanges.

You're right - Binance is one of them, of cource- but I wasn't there at the time. Cheesy

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Quote from: Mpamaegbu on June 27, 2023, 09:17:35 AM

If you're given lists of centralized exchanges that are KYC free now but you don't ever intend to go through any type of KYC in future, I will advise you don't even start with any of them. At some point in future, these KYC-free exchanges now will ask for KYC. If Binance which was KYC free when it debuted in 2017 could later mandate its subscribers to go through KYC, I don't want to trust that any other KYC free exchanges now won't toe that line later. Wait till these exchanges have grown their subscriber base and see them change like the chameleon. OP, your best bet should be to go to Dexs which are absolutely KYC free.

KYC free is now the new trick exchanges use to lure people to getting registered with them when they grow their customer base to a much bigger number, they bring in KYC policy so as to bend them to their own conditions and at that moment, every one would be forced to undergo KYC so as to safe guard their assets and funds otherwise they may be on the edge of lossing it all.

I think this step used by exchanges is a very bad one because they are playing pranks with people and deceiving them to getting registered with them with cock and bull promises and at the entire end, they deviate from their promises. It is misleading and dissappointing.

GH2022

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Kucoin is probably (for now) the best option.

I use an independent Bitcoin Miner who I've known for years (met on Local Bitcoins, we're still friends after all these years) who will send me Bitcoins to my Wallet if I pay for them. A few days wait in between ordering, mining and receiving the Bitcoins is nothing IMO to the alternative hoop-jumping of what the SEC etc. want and will only make tougher down the line.

I won't shill names here (no names, no pack drill) but if anybody is genuinely interested then they can reach out to me.

I should point out that if a person mines Bitcoins that it is not illegal to sell them on if he/she wishes to do so.

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Quote from: Ronsbit on June 27, 2023, 04:05:07 AM

What is more annoying about it is that in most cases, they do that without informing their clients and can at any point in time take action against their clients that are just too lousy to read terms and conditions.

It's only exchanges and platforms that seem to have unprofessional services that usually do that kind of stuff. If not, there should be some form of information and notification telling users and customers the areas in which the T&C were updated.
Any platform that is not doing that should be used with caution, as such platforms could be very risky in the future, for they can just implement something that could be used against their customers in their own favor.

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Quote from: Amphenomenon on April 25, 2023, 04:04:41 AM

I know Bisq exchange is good but you can't trade with it on it mobile app (and not every traders has a pc ) and is not really beginner's friendly.

Bisq is a great choice if you want to use it on your computer, but there is one very good alternative for mobile devices and it's called Peach Bitcoin.
This app is available on iOS and Android devices and it can be used for p2p trading of Bitcoin with fiat currencies in Europe, all that without any kyc verification (with some limitations).
One thing I don't like is that PeachBitcoin is not open source, but they announced license will be modified to MIT+CC soon.
You can do your own research here:
https://peachbitcoin.com/

AtomicDex is another exchange that can be used on mobile devices but only for trading with crypto, not with fiat currencies.
Volume is not that great for some smaller altcoins, but it works.
https://atomicdex.io/

Another good resource to explore is kycnot website:
https://kycnot.me/

Topic: What is the best non Kyc exchange (Read 633 times)