Which CEX to trade now after Kucoin new KYC requirment? - page 2.

TigerMart

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Quote from: elevates on July 03, 2023, 09:13:21 AM

OKEx still allows users to trade up to 10 BTC without KYC.

Don't know what is OKEx, but I just created an account with OKX.com and they are enforcing KYC for both deposit & withdrawal. May be it is India specific as I chose country as India. Don't know the situation for old accounts.

Quote from: elevates on July 03, 2023, 09:13:21 AM

If you know any CEX that is allowing deposit, withdrawal, and trading without KYC requirements then please suggest. Do remember I am looking for CEX and not DEX.

Bitfinex?

elevates

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Quote from: libert19 on July 16, 2023, 10:52:50 PM

@op I would add MEXC (https://www.mexc.com/en-US/) to the list, unverified accounts can withdraw up to 30 BTC every 24hrs. I have used it a few times and it has worked well, of course far below the limit mentioned Cheesy

Thanks for the information. I am still looking for more exchanges that allow non-KYC trading. I would like to make this thread more encouraging by awarding merits. If you know an exchange that still allows trading without KYC then do share to get 1 Merit. I want to create this list so that everyone can use this information for their convenience at a time when it is hard to find such exchanges.

libert19

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Quote from: Heisenberg_Hunter on July 11, 2023, 03:20:46 PM

Kucoin had been notorious in the past when $150m was drained through a hack

They had promised to reimburse funds to affected users just after the hack (anyhow they managed to recover the hacked funds). In my opinion, it doesn't matter whether a platform gets hacked, it's what they do after it does and what provisions they have made beforehand in case they do get hacked.

@op I would add MEXC (https://www.mexc.com/en-US/) to the list, unverified accounts can withdraw up to 30 BTC every 24hrs. I have used it a few times and it has worked well, of course far below the limit mentioned Cheesy

Bitcoin Smith

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Quote from: elevates on July 11, 2023, 08:39:55 AM

Quote from: Bitcoin Smith on July 11, 2023, 08:28:02 AM

Quote from: pakhitheboss on July 11, 2023, 02:28:28 AM

The fact now is that you would need to pass KYC for any deposit or withdrawal on their platform.

Are you sure? Because their official ANN states
"Huobi Global will reduce BTC's maximum daily withdrawal limit to 0.06 BTC for users who signed up for a Huobi account but haven’t completed their ID verification, which will take effect at 16:00 on Aug. 8 (UTC). "

Adjustment on Max. Withdrawal Limit for Users without ID Verification

Before creating this thread I did check that platform. I did register and then tried to deposit USDT for which I needed the deposit address. At that time I was told by the platform that I need to pass KYC before any deposit. I feel you might have an account on that platform, go ahead and try to deposit cryptocurrency on Huobi Global.

Do share your experience after trying it. Grin

I am not using that platform because I am sticking with Binance and wazirx because I am okay with KYC as long as there is a limit for providing our ID and picture not any deep information like bank account statement, utility bills, etc.

pakhitheboss

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Quote from: Heisenberg_Hunter on July 11, 2023, 03:20:46 PM

I would say it is indeed risky to hold significant funds in non-KYC CEX if that is still a thing as we never know when they can freeze our funds and even if they do without any legit reasons, we can never claim the funds through legal proceedings and should write them off from our accounts. Kucoin had been notorious in the past when $150m was drained through a hack and the same goes with Okex as well.

If we are unwilling to pay the surplus tax levied by the Indian Government then it would be better to register in an exchange which is working outside the jurisdiction of our government and had nil ties with our government in the past. International exchanges such as Kraken, Binance and Coinbase had been loyal and trustworthy to their users and went to greater extent to protect their users thereby opposing the governments too.

In such a case, it is safer to provide KYC in these exchanges and in turn trade multi chain transfers at an enormously lower fees while comparing it to DEXes. Furthermore, we can use mixers to anonymize our transactions and try to prevent our government from tracking us.

Non KYC centralized exchange are risky but they do come handy when trading is your main source of income. In the past and in present their have been instances when a good project uses these exchanges to get listed, rather than a big exchange. That is why traders used to have accounts on exchanges like Kucoin, huobi and others in the past. As KYC becomes mandatory not every trader is happy to provide personal details to these exchanges. That can be one of reason why still people are searching for non KYC CEX.

About Coinbase, they have stopped thier operation in India as of now. A few days back Indian users were sent emails informing their accounts have been closed with a wiered reason.

Heisenberg_Hunter

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I would say it is indeed risky to hold significant funds in non-KYC CEX if that is still a thing as we never know when they can freeze our funds and even if they do without any legit reasons, we can never claim the funds through legal proceedings and should write them off from our accounts. Kucoin had been notorious in the past when $150m was drained through a hack and the same goes with Okex as well.

If we are unwilling to pay the surplus tax levied by the Indian Government then it would be better to register in an exchange which is working outside the jurisdiction of our government and had nil ties with our government in the past. International exchanges such as Kraken, Binance and Coinbase had been loyal and trustworthy to their users and went to greater extent to protect their users thereby opposing the governments too.

In such a case, it is safer to provide KYC in these exchanges and in turn trade multi chain transfers at an enormously lower fees while comparing it to DEXes. Furthermore, we can use mixers to anonymize our transactions and try to prevent our government from tracking us.

elevates

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Quote from: Bitcoin Smith on July 11, 2023, 08:28:02 AM

Quote from: pakhitheboss on July 11, 2023, 02:28:28 AM

The fact now is that you would need to pass KYC for any deposit or withdrawal on their platform.

Are you sure? Because their official ANN states
"Huobi Global will reduce BTC's maximum daily withdrawal limit to 0.06 BTC for users who signed up for a Huobi account but haven’t completed their ID verification, which will take effect at 16:00 on Aug. 8 (UTC). "

Adjustment on Max. Withdrawal Limit for Users without ID Verification

Before creating this thread I did check that platform. I did register and then tried to deposit USDT for which I needed the deposit address. At that time I was told by the platform that I need to pass KYC before any deposit. I feel you might have an account on that platform, go ahead and try to deposit cryptocurrency on Huobi Global.

Do share your experience after trying it. Grin

Bitcoin Smith

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Quote from: pakhitheboss on July 11, 2023, 02:28:28 AM

The fact now is that you would need to pass KYC for any deposit or withdrawal on their platform.

Are you sure? Because their official ANN states
"Huobi Global will reduce BTC's maximum daily withdrawal limit to 0.06 BTC for users who signed up for a Huobi account but haven’t completed their ID verification, which will take effect at 16:00 on Aug. 8 (UTC). "

Adjustment on Max. Withdrawal Limit for Users without ID Verification

pakhitheboss

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I had the same thought when this thread was created as Huobi Global used to allow trading without KYC for up to 2 BTC earlier. The fact now is that you would need to pass KYC for any deposit or withdrawal on their platform. These a genuine and trustworthy CEX and they would need to comply with local laws if they need to operate. Most exchanges that offer non-KYC trading are DEX, most of them are nothing but swapping platforms and are not meant for proper trading. For proper trading, you would need CEX which cannot operate without a KYC policy.

Bitcoin Smith

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Huobi platform still allows users without KYC apart from the names you mentioned but all the names in the list including Huobi also faced lots of accusations about freezing accounts even when the user tries to withdraw small amount after registration makes the available NO KYC options are not trusted for usage.

Complete list : Current list of exchanges without KYC

elevates

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After the recent announcement by Kucoin that new users have to pass KYC, and existing users cannot withdraw without passing KYC. I wanted to know which CEX still allows deposit, withdrawal, and trading without the KYC requirements. For the simple swap, I am aware we can use DEX, for actual trading Kucoin was the best option until they came out with this mandatory requirement.

I knew a few CEX that did allow a user to trade on their platform without KYC a year back. They never had INR withdrawals but were good for traders who did not want to pay the surplus tax added by the Indian government. Since I was not sure whether they still have the same policy I went ahead and checked them today and I found only a handful are still allowing trading without KYC norms.

Eventually, every CEX would make KYC mandatory until then anyone can trade in these three Exchanges.

OKx still allows users to trade up to 10 BTC without KYC.
TradeOgre allows users to trade up to 1 BTC without KYC
MEXC exchange allows 30BTC worth transaction without KYC
Bitget exchange allows $50k withdrawal without KYC every day
Suggest an Exchange

If you know any CEX that is allowing deposit, withdrawal, and trading without KYC requirements then please suggest. Do remember I am looking for CEX and not DEX.

Topic: Which CEX to trade now after Kucoin new KYC requirment? - page 2. (Read 341 times)