What's the best trusted exchange for trading Altcoins with no KYC?

bttmember

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Quote from: snarlpill on December 07, 2020, 11:09:23 PM

Just like the title says. I haven't been "in the loop" and up-to-date on the Bitcoin world as much as I'd like to be lately. I'm looking to see what's the most trusted exchange lately to deposit a little bit of BTC, trade some Altcoins, and withdraw some BTC again without having to worry about some shady exchange site that will try to take my money and run. Also don't want to mess with all of that KYC/AML regulations needing me to send in all of my private & personal info. like my Driver's License and Social Security Card. Only looking to start with like $20 worth of BTC, so nothing too crazy, but want it to be trusted and reputable enough that I could be playing with say $20,000 worth of BTC eventually and not worried about my coins disappearing or having problems withdrawing my coins.

Appreciate all help and advice, and if this isn't in the right spot of the forum please feel free to move it.

Thanks,
snarlpill

If you do not want to get KYC verified or do not want to expose your personal data you should stay with decentralized exchanges only and uniswap is the top one at the moment with highest volume but according to your requirements you can use traditional dexes as well.

Ratash

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As most of traders would suggest you should go with binance its secured with no kyc required and the fee is not that high plus they have an app and its easy to use and transactions don't take long.

Dragonfund

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I think top cryptocurrency exchange support deposit and withdrawal without kyc, exchange like Binance, Kucoin, MXC, Bithumb, probit all allow withdrawal but you are limited to amount of Btc in every 24 hours. Least I have seen is 2BTC,currently 1 Bitcoin is worth $19k, 2 of this should be okay for moving value from an exchanger to your personal wallet if you don't want to verify.
Please always ask support and help before you make deposits on an exchanger if they allow withdrawal without KYC. I once sent my tokens to Gate exchange and p2pb2b exchange but at the end my funds where confiscated because I couldn't verify. Please don't for this.

2tang

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Quote from: mardaed on December 13, 2020, 12:21:39 PM

I would definitely say Binance. Although KYC is needed but it is not mandatory. And even if KYC would not be abided there is a huge limits in withdrawal of an account.

KYC is a mandatory rule in order to avoid money laundering crimes, through KYC of course the exchanger developer can verify users through their personal identity documents, if indeed KYC can aim to provide security for us as users and the market itself and can also minimize fake account accounts that can cause cyber crime, as well as avoiding the possibility of money laundering, of course KYC is not something we should avoid in my opinion and now it seems that almost all large exchangers require their users to do KYC and of course with certain provisions that apply to the exchanger.

IkonaDro4ku

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i use binance and I have no problem with this exchange but the full potential of the exchange still requires KYC. in any case, you should understand that your money can disappear from the exchange at any time under various pretexts. This has happened to me before..

newwest

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Quote from: masterrex on December 08, 2020, 04:50:12 AM

I prefer choosing Binance because I'm using it since 2017, Since that time in 2017, you can trade and withdraw any cryptocurrencies without having done any KYC with a minimum withdrawal limit of 2 BTC daily, for me that was a more user-friendly approach compared to other thriving cryptocurrency exchange today that using KYC issues to prevent you from withdrawing your own money without any warning in the first place so I can't say anymore but for me, Binance is the best and trusted exchange for trading altcoins with no KYC.

BNB is one of the best exchanges and had no issues till now and their KYC is not required unless you want to withdraw a big amount I would of 2 btc. So majority will fall under that criteria so it’s not a worry and also they do list the good coins on their exchange. User interface and less trading fees make this as one of the best choices.

asus09

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Quote from: ice18 on December 13, 2020, 12:01:41 PM

So far I tried in this exchanges with no KYC , Binance, Kucoin, Digifinex, Bitforex but with limits up to 2 btc only depends on the exchanges you can also trade a lot of altcoins in Uniswap with NO KYC but fees is not likely.

Just limited withdrawing for Binance, Digifinex, Kucoin and Bitforex but still to be trade without KYC. I only KYC with binance exchange market because last few months my country support to withdraw assets from Binance to bank but not have stop working and disable to withdraw so I never try to KYC with other exchange account, I think is enough although have limited withdraw every day 2 btc because I just ttrade and withdraw under $500 every day or every week.

mardaed

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I would definitely say Binance. Although KYC is needed but it is not mandatory. And even if KYC would not be abided there is a huge limits in withdrawal of an account.

ice18

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So far I tried in this exchanges with no KYC , Binance, Kucoin, Digifinex, Bitforex but with limits up to 2 btc only depends on the exchanges you can also trade a lot of altcoins in Uniswap with NO KYC but fees is not likely.

asus09

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Many alternative exchange become recommended without have to pass KYC like Hotbit, probit, binanance, IDEX and many other exchange can you use to trade or withdraw your bitcoin assets, only for binance looks risk when get abnormal activities and you need to submit KYC if you wanna withdraw. Almost bigger exchange right now need KYC and not ability to trade or withdraw without pass KYC like Bittrex and have otehr exchange only available for their country to trade like Coinonne just for Korean trader and if you not from this country you can't sell coins there.

Rengga Jati

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If you're looking for the top exchange, trusted, reputable, high volume, and without KYC, just go to Binance. you will not regret this. this is the best and you can make your deposit, trading (spot, future, margin, etc), holding, and also withdrawal easily without KYC or AML in a certain amount.
There is also Kraken that is a good choice. But so far, I never use this exchange so that I do not really know about this. You may browse it and find the exact information.

Actually nowadays, KYC or AML is something that are dilemma whether we must give our personal identity to the platform in which we actually don't want to.

kawetsriyanto

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After reading all the comments above, I assume we all agree that Binance is the best option for trading altcoins.
Yep, I also agree with others since Binance is the number 1 exchange in the world. Binance proves it with its great performance till now. In addition, the volume of crypto coins/tokens in Binance looks bigger than in other exchanges. So, we can have various altcoins with big volumes there, which means many transactions as well in Binance. It is also necessary to consider if we want to trade altcoins on an exchange.

By the way, where is OP? I didn't see he replied to our comments.

tippytoes

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Quote from: hd49728 on December 07, 2020, 11:30:22 PM

Binance is a big exchange and it is perfect to trade altcoins on Binance. They have many pairs for altcoins and many types of trades. The exchange don't ask KYC if you don't want to withdraw more than 2 BTC each day.

Does it meet your demand?

https://www.binance.com/en
Fee: https://www.binance.com/en/fee/schedule

I would suggest the same. And if the OP wants to withdraw in BTC again, they have lower fee as compared to other exchanges. And no KYC below the daily max withdrawal of 2BTC. So far, my experience is great with this exchange. And you can't say anything about their liquidity as well. No wonder many people are suggesting this exchange. And don't forget that they have SAFU also, in case you want assurance of your funds.

Inkdatar

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There are many exchange these days and one of the trusted exchange I use is binance. Even you can't submit and provide kyc you can still able to trade altcoins and you can deposit and withdraw without hassle. You may check and do a research binance is the top exchange these days. Fast deposit and withdrawal and also a lot of altcoins to trade with good volume.

bandungan

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Quote from: hd49728 on December 07, 2020, 11:30:22 PM

Binance is a big exchange and it is perfect to trade altcoins on Binance. They have many pairs for altcoins and many types of trades. The exchange don't ask KYC if you don't want to withdraw more than 2 BTC each day.

Does it meet your demand?

https://www.binance.com/en
Fee: https://www.binance.com/en/fee/schedule

binance is the best option right now, I think this is a good opportunity to be able to act on a large exchange without having to do KYC. and it seems that Binance also offers higher prices than other exchanges

fridrix21

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I can recommend the binance exchange for this, a lot of people trust it, this is the top 1 cryptocurrency exchange in the world. And most importantly, with small trading volumes, you can not go through the KYC procedure. This is not necessary for the withdrawal.

tvplus006

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Quote from: hd49728 on December 07, 2020, 11:30:22 PM

Binance is a big exchange and it is perfect to trade altcoins on Binance. They have many pairs for altcoins and many types of trades. The exchange don't ask KYC if you don't want to withdraw more than 2 BTC each day.
...

You need to be prepared for the fact that the exchange will request verification if it finds your actions suspicious. I know many such examples that have been discussed on the forums and in specialized chat rooms. And this applies not only to the Binance exchange, as a rule, this point of the rules is provided for on all exchanges.

awakpane

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In my opinion, a good and trusted exchange if it requires users to KYC because it signifies the seriousness of an exchange in managing finances and also to detect someone who wants to steal assets on the exchange. As is the case in saving money in a bank which requires personal identity as a form of trust

masterrex

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I prefer choosing Binance because I'm using it since 2017, Since that time in 2017, you can trade and withdraw any cryptocurrencies without having done any KYC with a minimum withdrawal limit of 2 BTC daily, for me that was a more user-friendly approach compared to other thriving cryptocurrency exchange today that using KYC issues to prevent you from withdrawing your own money without any warning in the first place so I can't say anymore but for me, Binance is the best and trusted exchange for trading altcoins with no KYC.

Eddyc

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In my opinion Unnamed Exchange, TradeOgre and FreiExchange these are the three best exchanges to trade without worrying about KYC or regulatory issues. In this case you can register in all of them and take the test to confirm. In relation to KYC it's interesting for large quantities but for normal quantities KYC can hinder and prevent fast business.

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