Topic: Which exchange has less hassles in terms of multiple verifications? - page 2. (Read 357 times)
June 22, 2022, 12:25:45 PM
Any exchange on the Internet is a problem, and at least - increased attention. This is worth understanding for yourself.
June 22, 2022, 10:44:33 AM
Hi,
I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
I've used Kucoin and Binance. In my experience, They are both 1 time KYC only with not so strict policies. I've never experienced any hassle on both centralized exchange in terms of KYC. I've heard some cases that binance is asking for re-KYC on their P2P trade if there's a problem that occur on the transaction, For example you transacted with a potential scammer, There's a chance that binance will ask for a re-KYC for investigation and to settle things. I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
Though both exchange is good, Remember that I've been using both for a long time and I still haven't ask for another KYC. Just be careful.
June 22, 2022, 10:05:51 AM
Hi,
I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
The best exchanges right now in the market is Binance and Kucoin.
These are great in terms of security and policies. These are also present in the market now for a long period of time.
So if you choose any of these then there won’t be any issue.
Moreover regarding KYC, both have certain limits upto which you can perform certain task, then the Kyc is mandatory.
And as per your concern, they both don’t have any strict or abnormal policies.
Tell us your experience once you join there.
June 22, 2022, 10:03:11 AM
I use MXC and KuCoin, and even then it's only limited to buying and then withdrawing. Not too difficult to verify KYC and so on. To me, the exchange is just a place for a stopover. So I don't need to KYC and leave data there whereas I don't really like keeping assets long-term in exchange. Moreover, seeing the situation that Celsius has been in lately has made me stronger not to keep assets in a centralized exchange.
June 22, 2022, 09:36:32 AM
In my experience, binance is one of the easiest to submit and passed the KYC requirements. Once you submitted the document, it won't take long for them to verify your identity. Also make sure that you have clear camera to get a clear view of your ID and your face so they won't ask you twice about this. What I like about binance even if it is a centralized one, is that they have wide-ranging services, staking, savings, p2p and others. And their liquidity is great if you want to execute your orders in prompt manner.
Binance is becoming a popular exchange and has many users today. So don't be surprised if Binance's KYC verification service will be faster. It's different when we talk about the early days of binance, I did up to 2x KYC verification to pass.Binance's services are complete and more extensive, especially now that Binance PAY is available which will make it easier to make crypto payments between Binance users.
and also try some other exchanges like Kucoin, Huobi, OKX etc for comparison.
June 22, 2022, 07:20:02 AM
Go with your local centralized exchange. The complexity of verification in case of withdrawal issues and re-verification requests on a global exchange that handles many customers around the world. Most of them use third party verification platforms, and when that fails then at that point your hassle begins.
The difference in identity documents is the problem when verification is done manually, customer support sometimes considers the document you send is not feasible.
The difference in identity documents is the problem when verification is done manually, customer support sometimes considers the document you send is not feasible.
June 22, 2022, 06:09:44 AM
Bisq is the best decentralized exchanges, followed with localcryptos and hodl hodl.
Agoradesk is a P2P exchange like Localbitcoins. It's run by same company as Localmonero. Coinmarketcap does not include P2P exchanges.
Quote from: https://agoradesk.com/terms
Personal Information
We collect personal data that you volunteer on forms which you submit to us and in emails that you send to us. In addition we automatically gather details of browser types and IP addresses of the users who visit our site. We do not release this information to any outside party, except in suspected fraud cases. When fraudulent activity is suspected, we may release the users details to the party that the user has been trading with. This is done only if there is strong evidence of fraud.
Not a good decentralized exchanges and localbitcoins is a custodial P2P that will ask your KYC.We collect personal data that you volunteer on forms which you submit to us and in emails that you send to us. In addition we automatically gather details of browser types and IP addresses of the users who visit our site. We do not release this information to any outside party, except in suspected fraud cases. When fraudulent activity is suspected, we may release the users details to the party that the user has been trading with. This is done only if there is strong evidence of fraud.
I hardly see anything wrong with those terms. Pretty standard. Agoradesk has an onion address too.
Bisq penalizes users for needing KYC, which literally forces users in certain jurisdictions to break the law. Also a risk when accepting reversible payment methods. No thank you.
Localcryptos admins are clueless and disrespectful based on my brief experience trading there. I would never recommend it. It's Ethereum-focused too. Has far less traders than Agoradesk.
I checked Hodl Hodl and there were very few ads. It looks like no one uses it.
June 22, 2022, 12:00:30 AM
Hard to say OP. These "hassles" (e.g. reverification) are typically on a case-by-case basis and users most of the time are in the dark of what exactly triggers them. In addition identity verification softwares exchanges use don't always work so it's possible for your re/verification attempt to be rejected.
If you wanna go with CEXes, best you can do is read their TOS and make sure you aren't breaking them. Generally, US based exchanges tends to be relatively strict. There are also dubious ones like hitbtc that should be avoided as well so make sure to DYOR.
If you wanna go with CEXes, best you can do is read their TOS and make sure you aren't breaking them. Generally, US based exchanges tends to be relatively strict. There are also dubious ones like hitbtc that should be avoided as well so make sure to DYOR.
In my experience, binance is one of the easiest to submit and passed the KYC requirements. Once you submitted the document, it won't take long for them to verify your identity. Also make sure that you have clear camera to get a clear view of your ID and your face so they won't ask you twice about this. What I like about binance even if it is a centralized one, is that they have wide-ranging services, staking, savings, p2p and others. And their liquidity is great if you want to execute your orders in prompt manner.
June 21, 2022, 05:18:50 PM
Hi,
I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
Don't have experience on other platforms about verification pace yet Binance is just enough considering on the time of verification which is almost not an hour as far as I remember and I had sent out my driver's license and able to use up features which I do need and I wasn't been asked for further things but just like others been saying that centralized platforms could anytime alter out their terms so it's not 100% assurance on whatever you do like on a certain platform.If you do want to test out for several places then you could do but thats if you could really afford on exposing your identity or documents on such platformsI was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
but if you do really come after for a sweet spot then hearing out peoples advises and recommendations of this thread will really be that idea for you to follow on.
June 21, 2022, 04:24:27 PM
Hard to say OP. These "hassles" (e.g. reverification) are typically on a case-by-case basis and users most of the time are in the dark of what exactly triggers them. In addition identity verification softwares exchanges use don't always work so it's possible for your re/verification attempt to be rejected.
If you wanna go with CEXes, best you can do is read their TOS and make sure you aren't breaking them. Generally, US based exchanges tends to be relatively strict. There are also dubious ones like hitbtc that should be avoided as well so make sure to DYOR.
If you wanna go with CEXes, best you can do is read their TOS and make sure you aren't breaking them. Generally, US based exchanges tends to be relatively strict. There are also dubious ones like hitbtc that should be avoided as well so make sure to DYOR.
June 21, 2022, 03:40:09 PM
If there are fewer eyes on the platform and it has high trading volumes, you will definitely not have problems with identity verification.
The worst thing is that you may need two weeks to verify the identity, but it is a process that you will do once and not every time, so look for the speed of responses of the support team and their response to your problems, not the process itself.
Some of the people above suggest OKX, KUCOIN but they allow their owner to withdraw without identity verification, so many use them without identity verification.
The worst thing is that you may need two weeks to verify the identity, but it is a process that you will do once and not every time, so look for the speed of responses of the support team and their response to your problems, not the process itself.
Some of the people above suggest OKX, KUCOIN but they allow their owner to withdraw without identity verification, so many use them without identity verification.
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June 21, 2022, 03:37:10 PM
Hi,
I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
Honestly, I really think a lot of people are gonna have different experiences because I believe that the type of document one is verifying with also contributes greatly to how long and easy the verification process would go or last, for example, the experience one applying for a kyc verification with a plain id card will likely be different from one applying for the same with an international passport. I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
On the note above, i will like to let the op and everyone else know the exchanges am currently verified on and how long it took -
Binance exchange - less than 1 hour and on first trial.
Kucoin exchange - less than 30 minutes and on first trial.
Gate.io exchange - less than 1 hour and on first trial.
Mexc exchange - no longer sure how longer this took but i guess its less than an hour and on first trial.
Digifinex exchange - almost 24 hours after second trial.
Xt.com exchange - more than 3 days after third trial.
Remitano exchange - less than 5 minutes and on first trial.
It might also interest you all to know that i used the same document for verification on all this exchanges, which my drivers license.
June 21, 2022, 02:38:05 PM
Don't believe in the Centralized exchanges policy. They could edit and update it anytime. You can't live hassle-free life in the crypto world at all unless just stick with Decentralized exchange. Don't try to verify multiple accounts with the same documents. You might be in trouble near future even if you skip trouble now. So be polite choose a high reputed exchange if you intend to use centralized exchange and follow the exact policy. Those are strict in policy they are the best. A flexible policy would hurt you later.
June 21, 2022, 10:44:50 AM
Hi,
I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
Binance.I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
Since you're totally fine to follow the verification (KYC) then it shouldn't be a problem to you to use them. They're not really strict after you've verified your account since it became mandatory to all users that want to use them.
And after Binance if you have changed your mind and you like an exchange that don't enforce a mandatory verification then kucoin is the next choice for you.
June 21, 2022, 10:22:27 AM
What do you mean multiple verification? I think Binance is a good too I didn’t find it hassle to use and they are not that strict, maybe because of my jurisdiction it is still depends how crypto friendly your governments are. Ny the way the multiple verification you are referring to is the level 1-3 kyc?
June 21, 2022, 10:00:12 AM
Bisq is the best decentralized exchanges, followed with localcryptos and hodl hodl.
Agoradesk is a P2P exchange like Localbitcoins. It's run by same company as Localmonero. Coinmarketcap does not include P2P exchanges.
Quote from: https://agoradesk.com/terms
Personal Information
We collect personal data that you volunteer on forms which you submit to us and in emails that you send to us. In addition we automatically gather details of browser types and IP addresses of the users who visit our site. We do not release this information to any outside party, except in suspected fraud cases. When fraudulent activity is suspected, we may release the users details to the party that the user has been trading with. This is done only if there is strong evidence of fraud.
Not a good decentralized exchanges and localbitcoins is a custodial P2P that will ask your KYC. We collect personal data that you volunteer on forms which you submit to us and in emails that you send to us. In addition we automatically gather details of browser types and IP addresses of the users who visit our site. We do not release this information to any outside party, except in suspected fraud cases. When fraudulent activity is suspected, we may release the users details to the party that the user has been trading with. This is done only if there is strong evidence of fraud.
June 21, 2022, 08:19:34 AM
Why not use Binance over the other exchange?
In my experience after KYC, I never experienced any hassles using their service including p2p trading.
Unless you are living in the US? Binance US is very strict on policies compared to their Binance.com domain.
Be careful on using Kucoin if you are planning to trade there without KYC because you won't be able to withdraw without passing KYC verification. I heard someone experienced this and never solve his issue with a large number of funds under his account.
Actually all exchanges have strict policies if you want to avoid them then the only solution is to use P2P exchange that doesn't need any KYC verification.
Check this link below for no KYC exchanges.
- https://kycnot.me/
In my experience after KYC, I never experienced any hassles using their service including p2p trading.
Unless you are living in the US? Binance US is very strict on policies compared to their Binance.com domain.
Be careful on using Kucoin if you are planning to trade there without KYC because you won't be able to withdraw without passing KYC verification. I heard someone experienced this and never solve his issue with a large number of funds under his account.
Actually all exchanges have strict policies if you want to avoid them then the only solution is to use P2P exchange that doesn't need any KYC verification.
Check this link below for no KYC exchanges.
- https://kycnot.me/
June 21, 2022, 06:31:41 AM
I am confidently suggesting Binance of course, the most used and the current largest cryptocurrency exchange in the world. This is not only a suggestion but a recommendation. Based on my own experience, after my account got verified on them (Personal Information, Government-issued ID, and Facial Recognition), until now, I have never encountered any hassles with regard to the KYC.
My account also on other exchanges has been already verified like in Kucoin and Coinbase but I don't use them often, unlike in Binance which is already enough for me.
My account also on other exchanges has been already verified like in Kucoin and Coinbase but I don't use them often, unlike in Binance which is already enough for me.
June 21, 2022, 06:24:56 AM
You can try Kucoin or OKX, but always know that they are centralized exchanges, they may request for verification at any time.
It's been a while since I signed up, but I think Kucoin is pretty easy. For P2P trading the Agoradesk platform itself has zero KYC.
Which exchange is called Agoradesk? No exchange called that name as I checked Coinmarketcap. @Hannan, avoid that, it is not a crypto exchange is all I am thinking.Agoradesk is a P2P exchange like Localbitcoins. It's run by same company as Localmonero. Coinmarketcap does not include P2P exchanges.
June 21, 2022, 06:00:14 AM
Hi,
I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
If you don't mind KYC, then the best advice for you is to use a reputable local exchange or international exchange. I didn't mention any of them, but you can check the list on the top 10 exchanges in coin market cap. You should research first to choose any exchange according to your needs, so don't easily trust anyone on the internet, especially about exchanges that you never know.I was wondering which of the exchanges has less hassle once you have KYC and not very strict policies?
What do you suggest?
Thanks
Please check the list here: https://coinmarketcap.com/rankings/exchanges/
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