Which exchange is best for crypto-to-crypto trades with no KYC and low fees? - page 2.

rat03gopoh

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Quote from: zabzob on December 26, 2023, 07:13:49 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, 05:22:32 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.

death69

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For crypto-to-crypto exchanges without KYC, your choices are fascinating but limited. One decentralised exchange that I've played around with is Bisq; it allows users to trade with one another directly. Fees are pretty low - about 0.65% - 1.3% per trade is what I pay.

Changelly is another choice. It's not a DEX, but it lets you stay anonymous and only charges 0.25% of each exchange. You can trade Bitcoin for Monero and Litecoin on both sites. Remember that not having KYC does come with some risks and restrictions. Personally, I like DEXs because they are decentralised, which gives me freedom and control.

Zaguru12

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Quote from: zabzob on December 26, 2023, 07:13:49 AM

What are the best options? I'll consider DEX or CEX, whichever gives the best deal.

They are no too many CEX out there that actually trade without KYC, your best shot is what is suggested by the Omega up there. You can as well go through other non-kyc exchanges from kycnot.me or also use exchange monitors like Best_Change

Quote from: Litzki1990 on December 26, 2023, 07:31:52 AM

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.

OP doesn’t wants a KYC platform like those you listed there, yes just as you have said KYC verification aren’t hard but they are some people who want total anonymity or privacy and using KYC platforms breaches that. Even though it is about money there is no obligation to use KYC platforms because even if you do and your funds get lost it’s not like they usually return them.

zabzob

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Litzki1990

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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.

OmegaStarScream

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Someone asked a similar question a time ago, and when I did a comparison of the rates, If I recall correctly, at the time, exch had the best rates. I only compared instant exchanges though. So you may want to look into them. They support both coins you mentioned and doesn't require KYC.

You can also maybe use this aggregator to compare the rates: https://orangefren.com/
But it doesn't have all the exchanges.

zabzob

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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.

Topic: Which exchange is best for crypto-to-crypto trades with no KYC and low fees? - page 2. (Read 329 times)