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Topic: What is the best way to trade without KYC (Read 425 times)

newbie
Activity: 74
Merit: 0
June 26, 2019, 01:29:14 AM
#31
You can trade on all DEX exchangers, but for the CEX exchanger there are some who do not need KYC if you trade / Deposit / Withdraw in small amounts.
I'm sorry, what is a CEX vs. a DEX?
legendary
Activity: 1386
Merit: 1000
KawBet.com - Anonymous Bitcoin Casino & Sportsbook

When you say all exchanges, is that the two you mentioned or more? (Binance, Kucoin )
Yeah both of them are exchange sites.binance and kucoin also are currently the 2 biggest exchange site. You don't need to do KYC on binance if you want to try that exchange


I'm sorry, what is a CEX vs. a DEX?
CEX = centralized exchange
DEX = Decentralized exchange
hero member
Activity: 1218
Merit: 534
The best way is to just find other people right here on this forum to trade with or use other avenues like Localbitcoins.  Its always best to cut out the middleman to save on fees and know you are dealing with trustworthy people.
sr. member
Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
   Depends what you wish to trade, I mean which coins. I think this decentralized app`s on Waves, EOS and Tron network are amazing. To not forget on Ethereum, we have
Idex market. For all this services you just need wallet, fill it with coins and you are ready to go!
newbie
Activity: 74
Merit: 0
Are there any decent exchanges for US customers that don't need KYC? Or any foreign exchanges that I can VPN to? I have KYC on Bittrex and that's enough. I ditched Polo when they started asking for KYC

CriptoBridge you can use a VPN and say you are not a US citizen. I have heard Binance too.
jr. member
Activity: 68
Merit: 2
Are there any decent exchanges for US customers that don't need KYC? Or any foreign exchanges that I can VPN to? I have KYC on Bittrex and that's enough. I ditched Polo when they started asking for KYC
newbie
Activity: 74
Merit: 0
You can trade almost most of the exchange without KYC, it's needed only for trading big amount. I have been trading in several exchanges without KYC and faced no problem till date.
However you can't trade on bittrex if you didn't do KYC. You will have 0 btc withdraw limit if you don't do KYC on there
Other top exchange like Binance, Kucoin allow users to withdraw without KYC and I think the amount is not that much lower as well. I have been using all the exchange without any KYC.

When you say all exchanges, is that the two you mentioned or more? (Binance, Kucoin )
legendary
Activity: 2072
Merit: 2012
Marketing Campaign Manager |Telegram ID- @LT_Mouse
You can trade almost most of the exchange without KYC, it's needed only for trading big amount. I have been trading in several exchanges without KYC and faced no problem till date.
However you can't trade on bittrex if you didn't do KYC. You will have 0 btc withdraw limit if you don't do KYC on there
Other top exchange like Binance, Kucoin allow users to withdraw without KYC and I think the amount is not that much lower as well. I have been using all the exchange without any KYC.
full member
Activity: 868
Merit: 185
Roobet supporter and player!
By best, I mean good in any way like reliability, speed, convenience.
Sometimes an escrow may be the best way.
But then there are OTC markets.
They don't seem to show up on coinmarketcaps. (they do have rankings for exchanges)

And "easy to find" is another "good" thing about them.


Look at the exchange if they are requiring KYC. There are also exchange which do not forced their traders to have KYC procedure unless you will withdraw above 100 BTC. Cryptopia and Idex are best examples of this. I used these two exchanges already and I admit that they are quiet good and fast exchanges. Try also to look for bitforex. I found that they also not require KYC in small investors.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
You can trade almost most of the exchange without KYC, it's needed only for trading big amount. I have been trading in several exchanges without KYC and faced no problem till date.
However you can't trade on bittrex if you didn't do KYC. You will have 0 btc withdraw limit if you don't do KYC on there

Perhaps, he should try to buy bitcoin on binance because, in that site, he can buy bitcoin without doing KYC. But the best solution to buy bitcoin without KYC is from local sellers in his city so he can avoid the KYC verification because he knows each other. He can trade in binance also without doing KYC, but he got a limit for withdrawing in daily.

I think it will better if he can do KYC in a trusted exchange like bittrex, poloniex or binance because that will help him to increase his withdrawal amount.
legendary
Activity: 1890
Merit: 1148
You can trade almost most of the exchange without KYC, it's needed only for trading big amount. I have been trading in several exchanges without KYC and faced no problem till date.
However you can't trade on bittrex if you didn't do KYC. You will have 0 btc withdraw limit if you don't do KYC on there
legendary
Activity: 2072
Merit: 2012
Marketing Campaign Manager |Telegram ID- @LT_Mouse
You can trade almost most of the exchange without KYC, it's needed only for trading big amount. I have been trading in several exchanges without KYC and faced no problem till date.
legendary
Activity: 1890
Merit: 1148
So at the end you will go for the big fish complying to KYC?
He will go to binance. Why? It's nice site and you even trade and withdraw even though you didn't submit your KYC (2 btc as daily limit).

You only need Level1 KYC if you are trading less than 2 BTC.
AFAIK, the limit of 2 btc is daily limit for your withdrawal, not about how big your trade
jr. member
Activity: 123
Merit: 1
So at the end you will go for the big fish complying to KYC?
newbie
Activity: 74
Merit: 0
By best, I mean good in any way like reliability, speed, convenience.
Sometimes an escrow may be the best way.
But then there are OTC markets.
They don't seem to show up on coinmarketcaps. (they do have rankings for exchanges)

And "easy to find" is another "good" thing about them.



Binance all fits your criteria: reliability, speed, convenience.
You only need Level1 KYC if you are trading less than 2 BTC.
And level 1 doesn't require any documentation from the user.

This is great if true. Thanks.
member
Activity: 546
Merit: 10
By best, I mean good in any way like reliability, speed, convenience.
Sometimes an escrow may be the best way.
But then there are OTC markets.
They don't seem to show up on coinmarketcaps. (they do have rankings for exchanges)

And "easy to find" is another "good" thing about them.



Binance all fits your criteria: reliability, speed, convenience.
You only need Level1 KYC if you are trading less than 2 BTC.
And level 1 doesn't require any documentation from the user.
full member
Activity: 714
Merit: 102
But what about coins that are not etherium derivatives?
For crypto currencies that use paired BTC or other you can use BitShares (https://wallet.bitshares.org)
The exchanger also does not require KYC to be able to trade.
newbie
Activity: 74
Merit: 0
https://4.bp.blogspot.com/-k90FKLrBQR0/W6qkQmOEx4I/AAAAAAAABLk/8opcmwVd0-QCkufQ2tVz0O3Mmzu4gFreACLcBGAs/s1600/6c6ad7a957fb27693b0820e6cee942c5.jpg

IDEX - Decentralized Ethereum Asset Exchange
https://idex.market/

is one of the very good Decentralized exchangers, to trade you don't have to submit KYC documents.

But what about coins that are not etherium derivatives?
jr. member
Activity: 602
Merit: 2
Trade on a decentralized and no KYC will prevent you from making a profit. Just be careful and do not fall into the hands of fraudsters.
full member
Activity: 714
Merit: 102


IDEX - Decentralized Ethereum Asset Exchange
https://idex.market/

is one of the very good Decentralized exchangers, to trade you don't have to submit KYC documents.
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