Which exchange is best for crypto-to-crypto trades with no KYC and low fees?

Bobrox

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Quote from: batang_bitcoin on March 28, 2024, 08:05:10 AM

Most of them are now requiring KYC, kucoin was like the last exchange standing that don't ask for kyc but with some hot news about them, for sure that they're going to be tackled by the government. Those that don't have kyc right now are the dexes but you know that many of them have security and liquidity issues. To understand the situation right now, it's hard to find an exchange that's 100% not kyc because if they do now, they're going to change their policy and will become 100% kyc compliance.

Usually has exchange not requirement with KYC such as MEXC and Kucoin but last update both exchange can't trade if not verifying KYC and currently almost all CEX exchange have requirement with KYC. I don't know any CEX exchange without requirement KYC and have lo fees fees trading or withdrawing fund, some exchange without required KYC seems less volume transaction on their market and make difficult for trading there, better update your document ID and verifying if want trade on top exchange market with huge volume transaction in daily day such as Binance, Kucoin or Huobi exchange.
All exchange requirement with KYC because getting regulation from government how to protect from money laundering, if not KYC easily for money laundering activities because exchange can't verify the user.

Rabata

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Quote from: Litzki1990 on December 26, 2023, 08:31:52 AM

Earlier there were some exchanges in which trading or withdrawal could be done before doing KYC but now the exchanges have become a little stricter so now KYC must be required for trading or deposit withdrawal. If you talk about good quality exchanges, then the first name that will come is Binance and KuCoin, you can easily create an account in these two exchanges, but if you want to deposit, withdraw or trade, you need to do verification. Even so, verification is not a very difficult task, if you submit your information correctly, your account will be verified within two to five minutes. As it is about money, I think it would be a good decision to submit KYC and then trade or deposit.

KYC is an important factor in cryptocurrency transactions. Still some exchange sites don't make KYC mandatory but I think every platform should do it. In the case of cryptocurrency transactions, we use a common platform, if there is ever a mistake in storing some of the secret keys of that platform, then if KYC is done, there is definitely a security guarantee. KYC is mandatory in top level exchanges. There, KYC matters are followed thoroughly, though it needs few moments to complete KYC. On the other hand some platforms don't want KYC but I think they will definitely want KYC today or tomorrow. Recently MEXC platform does not require KYC and it is still recognized as a good exchange site.

Cryptomultiplier

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I can't help but think that you want the cheapest of service with more gains and less expenses. Well, it would be hard to get both non KYC and cheap fees on one exchange. That would be selfish of you because these exchanges want to make money too, else why run or operate an exchange platform?

I know of two, but I don't know how common in use they are because I use the ones with KYC and reasonable fees rate.
* Margex offers no KYC verification on the platform with up to 100x leverage on futures and copy trading.
* MEXC is one very good exchange also, that has over 1,000 cryptocurrencies in the platform with 0% trade fees.

batang_bitcoin

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Quote from: Kurt Bernier on March 28, 2024, 05:37:14 AM

BTCC excnage they have kyc but its really light. fees are really low

Most of them are now requiring KYC, kucoin was like the last exchange standing that don't ask for kyc but with some hot news about them, for sure that they're going to be tackled by the government. Those that don't have kyc right now are the dexes but you know that many of them have security and liquidity issues. To understand the situation right now, it's hard to find an exchange that's 100% not kyc because if they do now, they're going to change their policy and will become 100% kyc compliance.

Kurt Bernier

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BTCC excnage they have kyc but its really light. fees are really low

btcinfo891

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Quote from: tbct_mt2 on January 01, 2024, 12:37:45 AM

Poloniex is very bad exchange to use.

I joined this market in 2017 and actually experienced months with very shady and terrible technical operations of Poloniex. They did not prepare their infrastructures to meet massive new customer flow into their exchange. Their exchange was super laggy and sometimes even could not access. They arbitrarily put their exchange on maintenance mode without prior announcement/ notification to their customers.

When their customers got access to their accounts, after maintenance, if they had active margin orders, mostly those orders were forcefully closed, accounts were liquidated.

Later, Poloniex was acquired by Justin Sun who is not a man I can trust.

Regarding them being shady, that is probably true, but I cannot think of a non-shady CEX off the top of my head. Actually I consider the KYC-only exchanges like Binance much shadier than the CEXes where KYC is optional.

Do you have a non-KYC CEX that you could recommend instead of Poloniex?

tbct_mt2

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Quote from: btcinfo891 on December 31, 2023, 05:01:16 PM

From the CEX options I have used Poloniex (poloniex.com) in the past to buy XMR. They do not have mandatory KYC (but have optional KYC for higher withdrawal limits) and supports Monero. They have spot pairs for XMR/BTC, XMR/USDT and XMR/USDC which you can trade without KYC. I think that their limit for No-KYC withdrawals is $10,000/day.

On the negative side, Poloniex has been hacked twice, so you shouldn't keep large amounts of crypto in your wallet there unless you plan to trade actively there (but then again that is true of any CEX). And there is always the risk that they may suddenly block your account and request KYC if they decide that your activity is suspicious, although this hasn't happened to me.

Poloniex is very bad exchange to use.

I joined this market in 2017 and actually experienced months with very shady and terrible technical operations of Poloniex. They did not prepare their infrastructures to meet massive new customer flow into their exchange. Their exchange was super laggy and sometimes even could not access. They arbitrarily put their exchange on maintenance mode without prior announcement/ notification to their customers.

When their customers got access to their accounts, after maintenance, if they had active margin orders, mostly those orders were forcefully closed, accounts were liquidated.

Later, Poloniex was acquired by Justin Sun who is not a man I can trust.

btcinfo891

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Quote from: zabzob on December 26, 2023, 08:13:49 AM

I'm planning on exchanging some btc for monero and/or litecoin so I can make online purchases with crypto for low network fee. I'm just looking for an exchange that doesn't require KYC where I can exchange btc for one of these altcoins, and get the best exchange rate. What are the best options? I'll consider DEX or CEX, whichever gives the best deal.

From the DEX options, I think Bisq is one of the popular ones.

From the CEX options I have used Poloniex (poloniex.com) in the past to buy XMR. They do not have mandatory KYC (but have optional KYC for higher withdrawal limits) and supports Monero. They have spot pairs for XMR/BTC, XMR/USDT and XMR/USDC which you can trade without KYC. I think that their limit for No-KYC withdrawals is $10,000/day.

On the negative side, Poloniex has been hacked twice, so you shouldn't keep large amounts of crypto in your wallet there unless you plan to trade actively there (but then again that is true of any CEX). And there is always the risk that they may suddenly block your account and request KYC if they decide that your activity is suspicious, although this hasn't happened to me.

jaberwock

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Quote from: God bless u on December 30, 2023, 09:59:32 AM

Quote from: zabzob on December 26, 2023, 08:13:49 AM

I'm planning on exchanging some btc for monero and/or litecoin so I can make online purchases with crypto for low network fee. I'm just looking for an exchange that doesn't require KYC where I can exchange btc for one of these altcoins, and get the best exchange rate. What are the best options? I'll consider DEX or CEX, whichever gives the best deal.

Most of the DEXes are built on Smart Contracts and work with only EVM-compatible Wallets such as Metamask, Trustwallet, ETC. so I don't think you can Trade BTC in any DEX. Your need a CEX for trading Bitcoin with Monero or a P2P Source. Other Members Suggested the BestChange exchange. that's what coming into my mind too. Give it a try.

The EVM wallets that you mentioned are I think still supports a BTC and I think they even have a built-in instant exchange. Maybe we can also use it? That should save us time. I won't say that it can as well save us money for the fees because I'm not sure about their rates yet. But, I think they can be higher than usual.

If it's about a stand alone DEX, I think some of them still allows us to trade a BTC, but most has this " wrap BTC ". Meanwhile, BestChange is not an exchange but it was only like a directory for the crypto exchanges. But we can also refer to them first, to help us decide the exchange that we truly want. About KYC, I think he is right, but only if the exchange and the users that we are dealing with are all legit.

lombok

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Quote from: Mr. Magkaisa on December 30, 2023, 06:26:05 AM

Quote from: zabzob on December 26, 2023, 08:13:49 AM

I'm planning on exchanging some btc for monero and/or litecoin so I can make online purchases with crypto for low network fee. I'm just looking for an exchange that doesn't require KYC where I can exchange btc for one of these altcoins, and get the best exchange rate. What are the best options? I'll consider DEX or CEX, whichever gives the best deal.

- It seems that the only ones I know that don't have KYC are the DEXs that somehow charge low fees to their traders. Or Mexc is also possible; as far as I know, on this platform, when you perform activities in spot trading, they give zero fees to the trader. But if you only use Future and Margin, there are fees, and they will require you to provide KYC.

The other one is Coinex; it only gives 0.1-0.2% fees to individual traders, and it also doesn't have KYC like MEXC. Although recently it also had an issue, it was resolved somehow. Then the pancake sweep can also be without kyc, and its trading fees are also okay.

Many CEX currently require KYC. However, I know that Mexc does not require consumers to undergo KYC to trade there. However, if you do KYC there will be zero fees that apply to every trade we make on Mexc and the withdrawal limit there will also increase.

God bless u

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Quote from: zabzob on December 26, 2023, 08:13:49 AM

I'm planning on exchanging some btc for monero and/or litecoin so I can make online purchases with crypto for low network fee. I'm just looking for an exchange that doesn't require KYC where I can exchange btc for one of these altcoins, and get the best exchange rate. What are the best options? I'll consider DEX or CEX, whichever gives the best deal.

Most of the DEXes are built on Smart Contracts and work with only EVM-compatible Wallets such as Metamask, Trustwallet, ETC. so I don't think you can Trade BTC in any DEX. Your need a CEX for trading Bitcoin with Monero or a P2P Source. Other Members Suggested the BestChange exchange. that's what coming into my mind too. Give it a try.

Quote from: shushu9977 on December 28, 2023, 01:48:01 PM

KYC is very important for safety. It is limited if you don't do kyc. I do few kyc which is good for crypto market. Without kyc, it is not good for crypto market. I do kucoin trading almost six years ago and I didn't do any kyc.

KYC has nothing to do with Safety and Market. it might have some benefits but at the end of the day you'll loose your identity and privacy. and if the place where you do KYC turn rough. you'll end up regretting doing KYC.

Mr. Magkaisa

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Quote from: zabzob on December 26, 2023, 08:13:49 AM

I'm planning on exchanging some btc for monero and/or litecoin so I can make online purchases with crypto for low network fee. I'm just looking for an exchange that doesn't require KYC where I can exchange btc for one of these altcoins, and get the best exchange rate. What are the best options? I'll consider DEX or CEX, whichever gives the best deal.

- It seems that the only ones I know that don't have KYC are the DEXs that somehow charge low fees to their traders. Or Mexc is also possible; as far as I know, on this platform, when you perform activities in spot trading, they give zero fees to the trader. But if you only use Future and Margin, there are fees, and they will require you to provide KYC.

The other one is Coinex; it only gives 0.1-0.2% fees to individual traders, and it also doesn't have KYC like MEXC. Although recently it also had an issue, it was resolved somehow. Then the pancake sweep can also be without kyc, and its trading fees are also okay.

Husires

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BESTCHANGE provides you with a list of various options that enable you to compare more than 60 exchanges and choose what suits you according to exchange rates, quality of service, or positive ratings. The higher the ratings, the less likely it is that you will be scammed.
I do not advise you to use Monero unless you want to enhance your privacy, as platforms may reject it in the future.
LTC is the most suitable option.

NeuroticFish

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While I don't know if the fees are small enough for your needs and while I didn't use it myself, I think that https://exch.cx may worth OP's attention.
It's a very old exchange although its domain has changed; it also has an ANN topic here on bitcointalk.

shushu9977

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KYC is very important for safety. It is limited if you don't do kyc. I do few kyc which is good for crypto market. Without kyc, it is not good for crypto market. I do kucoin trading almost six years ago and I didn't do any kyc.

abel1337

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FOCUS

You can use bestchange to check for the best exchange rates but I think it would be hard to find an exchange right now that offers no KYC and low fees. CEXs are known for their low fees but majority of them are now requiring KYC just to be able to use it. DEXs on the other hand has no KYC but known for high fees for every transaction.

If you don't hate CEXs, try binance. I don't know if binance still allows their non-KYC customer to still use their exchange with just limits. But I guess using the non-KYC account on binance will fit your wants. Just expect that there are limits.

jossiel

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Quote from: TimeTeller on December 26, 2023, 06:30:43 PM

Quote from: jossiel on December 26, 2023, 06:22:32 PM

If you're asking about centralized exchanges that won't ask you with KYC, only a few of them are left to be like that. But even if you stay on them for so long, it's not going to be long that they'll change their terms and soon might ask for their customers a mandatory KYC.

We've seen this with Binance and Kucoin where these two are like the non-kyc centralized exchanges that have been liked by most crypto traders. And then, it has come to an end.

And as you've mentioned DEX, you might just to go with there but sometimes liquidity isn't that much and they're likely prone to attacks.

I would say, it is better to take the route of submitting kyc rather than using a non reputable trading platform
For sure, you will regret using these nonkyc platforms once your funds got frozen or screwed by them.
I won't trust my funds on this type of platform, I'd rather use the services of binance and other reputable platforms.
As the services in DEX are limited, you will find out that you still need to utilize the services of a CEX service.

We have our choices on this one.

If we feel that our funds are safer with the KYCed exchanges like Binance or any other. You can use them but the point here is OP is looking for the exchange that has no KYC.

I guess with the KYCed exchanges, one thing that he'll like is about the low fees compared with the DEXes that could surprise him with the fees that he'll get.

rat03gopoh

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Quote from: zabzob on December 26, 2023, 08:13:49 AM

I'm planning on exchanging some btc for monero and/or litecoin so I can make online purchases with crypto for low network fee.

Do you want to exchange bitcoins onchain for altcoins? I hope you're not joking. First, you should stop comparing the "cheap fees" offered by centralized trading services, because it is impossible to find them with the current network conditions.
A good place to go now is currency exchange board^[1], it's completely 3rd party fee-free as long as you trust the person you want to deal with. This is purely based on the network fees.

1. https://bitcointalk.org/index.php?board=53.0

TimeTeller

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Quote from: jossiel on December 26, 2023, 06:22:32 PM

If you're asking about centralized exchanges that won't ask you with KYC, only a few of them are left to be like that. But even if you stay on them for so long, it's not going to be long that they'll change their terms and soon might ask for their customers a mandatory KYC.

We've seen this with Binance and Kucoin where these two are like the non-kyc centralized exchanges that have been liked by most crypto traders. And then, it has come to an end.

And as you've mentioned DEX, you might just to go with there but sometimes liquidity isn't that much and they're likely prone to attacks.

I would say, it is better to take the route of submitting kyc rather than using a non reputable trading platform
For sure, you will regret using these nonkyc platforms once your funds got frozen or screwed by them.
I won't trust my funds on this type of platform, I'd rather use the services of binance and other reputable platforms.
As the services in DEX are limited, you will find out that you still need to utilize the services of a CEX service.

jossiel

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If you're asking about centralized exchanges that won't ask you with KYC, only a few of them are left to be like that. But even if you stay on them for so long, it's not going to be long that they'll change their terms and soon might ask for their customers a mandatory KYC.

We've seen this with Binance and Kucoin where these two are like the non-kyc centralized exchanges that have been liked by most crypto traders. And then, it has come to an end.

And as you've mentioned DEX, you might just to go with there but sometimes liquidity isn't that much and they're likely prone to attacks.

Topic: Which exchange is best for crypto-to-crypto trades with no KYC and low fees? (Read 267 times)