Which will be best non-KYC exchanger after Ku-coin? - page 2.

BlackHatCoiner

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Farewell, Leo

Quote from: Symmetrick on July 18, 2023, 06:03:41 AM

From this follows the conclusion that now all skyscrapers are dangerous if you are in close proximity to them?

Except it isn't black or white in cryptocurrencies. Altcoins aren't either going to complete disappearance or are exponentially profitable forever-- in comparison with skyscrapers that are either there or not there. It's quite normal to wake up the next morning and see a -25% in your trading account.

Quote from: Symmetrick on July 18, 2023, 06:03:41 AM

In general, what I want to say with this is that altcoins do not consist of only negative points.

They do, fundamentally, though. Investing in something you know it has no purpose at all, outweighs any short-term potential profits to me. Gambling can also prove to do miracles (and in fact it's rather transparent, in contrast with all those shitcoins), but it's utter nonsense to believe you can really make a living out of it.

BlackHatCoiner

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Farewell, Leo

Quote from: ?? on ??

What happened to LUNA is the exception to the rule. I am most surprised that in various discussions, this example is presented as if it is a common phenomenon in the crypto industry.

Look. I'm not into altcoins. You might know better about trading them in the short-term. I just can't unsee the fact that most of these altcoins appear out of nowhere, seemingly extremely profitable to invest, and within the next year or two they disappear (some completely - $0). I did mention other examples than LUNA, like BitConnect and FTT, both of which seemed too big to fall to $0. I'm pretty sure there are other such examples.

asbani

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Quote from: Perfectos on July 02, 2023, 04:00:57 PM

As we all users of kucoin have knows the news of Ku-coin putting the KYC verifications mandatory for all users on 15 july 2023.
Ku coin was one of my favourite reliable exchanger specially for the non kyc system. But now they are also putting kyc mandatory ,
So I need some suggestions Which can be a reliable non kyc exchanger like kucoin?

I really like BingX - It has so much market for traders, including commodities, cryptos, stocks and forex. I also like the app it looks very good and easy to use, I think these guys work very hard.

Vivageneviv

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I will suggest Bitget, KYC is non mandatory and its been gaining huge reviews lately now recognised as a top 5 exchange and the biggest Copy trading CEX. Good security —recently announced $300m protection fund, amongst other strengths. Kucoin recently made KYC verification compulsory btw.

Saint-loup

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Quote from: hugeblack on July 14, 2023, 06:22:33 AM

Quote from: Saint-loup on July 13, 2023, 05:59:59 PM

Huobi now allows to withdrawal up to 5BTC a day, by just giving your name, your birth date and your nationality. They will give you a kind of virtual citizenship from the Commonwealth of Dominica.

I seriously started thinking about moving to this platform and trying it out. Do you have any prior experience about it? Average withdrawal between 2k to 5k per month with good support for major trading pairs and adequate liquidity.
Unfortunately, DEXs are still far from being perfect, and even BISQ is suitable for those who want to convert to fiat, although it is still a good experience.
also, you can use this forum and ask a trusted person with a verified account to do the exchange for you, which is an option you can use as a last option.

It's not the best designed platform IMO as it seems to be designed for chinese language first, but they're offering the same tools and services as what other large exchanges are offering. You can open an account, trading and withdrawing small amounts without even giving your name and your date of birth(0 KYC), and the 5BTC/day level only need to submit those informations without providing any document.

Dr.Bitcoin_Strange

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Quote from: hugeblack on July 15, 2023, 05:17:58 AM

This is my personal opinion and others may not agree with it. Perhaps it is better to create a topic, quote the text above, ask about it and see the community opinions.

It's your opinion, and some other users might really see it as nothing (like you said) because even for the members who do add it, I don't even see it as a distraction or an annoying thing when reading their comment. I would gladly read through and just turn a blind eye to the name below because I am not concerned about it. But some members would also see reasons with you, yeah.

Although I quite agree with your first point below.

Quote from: hugeblack on July 14, 2023, 06:22:33 AM

It would be logical if there were more than one user managing the account and not one user. Huh

I have decided to just stop it, I don't need more opinion. Thanks for making me see reasons.

hugeblack

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Quote from: Nwada001 on July 14, 2023, 05:38:23 PM

The 5 BTC daily limit is pretty much enough, especially for an exchange where one is only supposed to go trade and withdraw their profit; this is not where to store BTC because you might be required to send out huge amounts every single day. For a personal trading account, I think a 5 BTC daily withdrawal is more than enough.

was used OKX so will give it a try as an alt CEX.

Quote from: Dr.Bitcoin_Strange on July 14, 2023, 12:01:27 PM

Well, it's just been a style I've copied from a few members here. I really admire how it looks sitting below, and I don't think it is causing any harm as it can be quickly ignored after reading a few important things I have written. Undecided

I find it annoying, it is true that it may not be against BTT rules, but some may put you in their ignore list >> less chances to see your posts >> less chances to get merits. This is my personal opinion and others may not agree with it. Perhaps it is better to create a topic, quote the text above, ask about it and see the community opinions.

Quote from: Nwada001 on July 14, 2023, 05:38:23 PM

Is this possible or even encouraged on this forum, where more than one person can operate one account? I know there are business accounts here, but I don't know if they are being managed by more than one person. I'm just asking for clarity.

AFAIK, there is no rule prohibiting the use of more than one user per account even if account banned, ban will apply per person not account because i remember this account of @atriz^[1] (was a famous campaign manager) was banned and then it was discovered that he had purchased the account and the account restored^[2]. But this is a good question that may not have been asked by anyone before. Cheesy

[1] https://bitcointalksearch.org/user/atriz-135920
[2] ? I didn't find the link, but I remember this story, I don't know why ?! Huh

Nwada001

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Quote from: Dr.Bitcoin_Strange on July 14, 2023, 12:01:27 PM

Well, for Huobi, 5 BTC daily withdrawal is still limited, and for someone who send above their daily limit, they will still have to wait for 24 hours before they can complete their transaction.

The 5 BTC daily limit is pretty much enough, especially for an exchange where one is only supposed to go trade and withdraw their profit; this is not where to store BTC because you might be required to send out huge amounts every single day. For a personal trading account, I think a 5 BTC daily withdrawal is more than enough.

Quote from: hugeblack on July 14, 2023, 06:22:33 AM

It would be logical if there were more than one user managing the account and not one user. Huh

Is this possible or even encouraged on this forum, where more than one person can operate one account? I know there are business accounts here, but I don't know if they are being managed by more than one person. I'm just asking for clarity.

Dr.Bitcoin_Strange

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Quote from: Saint-loup on July 13, 2023, 05:59:59 PM

Which DEX would you recommend? Usually DEX have a very poor liquidity and only work on one blockchain. It means you need to use bridges in order to convert the cryptos you want to exchange in wrapped tokens onto the blockchain supported, if they exist. That's usually not easy and smooth at all and you have to pay premium for that. Huobi now allows to withdrawal up to 5BTC a day, by just giving your name, your birth date and your nationality. They will give you a kind of virtual citizenship from the Commonwealth of Dominica.

I have not used AgoraDesk, but it doesn't require KYC to buy or sell Bitcoin, and some members here have recommended it as a good DEX. Well, for Huobi, 5 BTC daily withdrawal is still limited, and for someone who send above their daily limit, they will still have to wait for 24 hours before they can complete their transaction.

Quote from: hugeblack on July 14, 2023, 06:22:33 AM

Quote from: Dr.Bitcoin_Strange on July 09, 2023, 04:24:35 PM

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Sorry to be off topic but why do you use your username at the end of the post? It would be logical if there were more than one user managing the account and not one user. Huh

Well, it's just been a style I've copied from a few members here. I really admire how it looks sitting below, and I don't think it is causing any harm as it can be quickly ignored after reading a few important things I have written. Undecided

Maybe, I will have it changed to something else or just....

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

348Judah

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Quote from: letteredhub on July 09, 2023, 04:52:53 PM

With the high volume of exchanges surfaces all over the crypto industry we just don't need to put so much trust on these exchanges claiming no kYC

In this kind of situation, you don't trust the exchanges to tell you whom they are because they will never say something you may not like, one has to make personal research and findings about them to know if they are actually a KYC exchange or not, we should in addition know that all centralized exchanges are kyc required exchanges and they will surely ask for that, maybe some can check through the list of no kyc casinos.

Quote from: letteredhub on July 09, 2023, 04:52:53 PM

for when the authority puts pressure on them they would have no option to bow to such pressure to continue in business.

The same way they will have no option than to bow down to the dictate of the government regulations will be applicable on their users as well when they require some verification through KYC from them, one will have no option than to comply or face being restricted to some certain things.

hugeblack

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Quote from: Saint-loup on July 13, 2023, 05:59:59 PM

Huobi now allows to withdrawal up to 5BTC a day, by just giving your name, your birth date and your nationality. They will give you a kind of virtual citizenship from the Commonwealth of Dominica.

I seriously started thinking about moving to this platform and trying it out. Do you have any prior experience about it? Average withdrawal between 2k to 5k per month with good support for major trading pairs and adequate liquidity.
Unfortunately, DEXs are still far from being perfect, and even BISQ is suitable for those who want to convert to fiat, although it is still a good experience.
also, you can use this forum and ask a trusted person with a verified account to do the exchange for you, which is an option you can use as a last option.

Quote from: Dr.Bitcoin_Strange on July 09, 2023, 04:24:35 PM

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Sorry to be off topic but why do you use your username at the end of the post? It would be logical if there were more than one user managing the account and not one user. Huh

ultrloa

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Quote from: hd49728 on July 13, 2023, 07:50:36 PM

Quote from: Saint-loup on July 13, 2023, 05:59:59 PM

Which DEX would you recommend? Usually DEX have a very poor liquidity and only work on one blockchain. It means you need to use bridges in order to convert the cryptos you want to exchange in wrapped tokens onto the blockchain supported, if they exist. That's usually not easy and smooth at all and you have to pay premium for that.

Using cryptocurrency bridges is risky and bridges are targets of hackers. Many big hacks on cryptocurrency bridges and the latest hack on a famous bridge tool Multichain is a hottest.

Paying very expensive fee for your bridged transactions and face with risk from bridges as well as the token on a side chain will be less secured than on its main chain. If you want to have BNB, buy it on Binance Smart Chain, don't buy it on Avalanche, Harmony, Arbitrum if BNB exists on those side chains.

Ronin bridge hack
Multichain hack and its consequences
Crypto bridge hacks
Blockchains Have a ‘Bridge’ Problem, and Hackers Know It

Some think that Dex is really safe while there are series of events that those platforms are also been affected with hacking so for that incident I will never trust anything especially if leave your wallet connected even if you are aways or give permissions since we are still prone with hacking for that reasons. Much better to ride with the flow and select reputable exchange since we can't avoid those Kyc requirements there's a huge chance that this became a requirement to all exchange in future especially when government regulation will fully implemented on cryptocurrency platforms.

cryptoaddictchie

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Quote from: BlackHatCoiner on July 14, 2023, 05:23:00 AM

LUNA was a big project...

Oh yes, but as far I can see it is still valuable not zero or complete out. We cant deny that it did rekt some of the people due to their ineligible to surpass the short squeezing happened on them and lacking of reserve to back those big short orders. Clearly all their fault. Being an altcoin retailer I can say that the ratio is in still in favor of gaining more than losing. I admit also got caught on this luna but there are other tokens I gained profits along the way as well. Surely you could consider that too.

BlackHatCoiner

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Farewell, Leo

Quote from: ?? on ??

- It often happens that funds, after having profited from the project, are no longer the main holders of the coin supply, and after that the markets become very depleted in terms of liquidity.

I think that's irrelevant. Big money changing hands doesn't alter the fact that big money are owned by a couple holders, who own tons of information you don't either.

Anyway. I don't question that retail traders can make a quick buck along the way. I'm just arguing they're playing a game in which they're losers the moment they enter.

Quote from: cryptoaddictchie on July 10, 2023, 03:51:28 AM

Maybe except for shitcoin who are useless after being pumped. But for some big projects on altcoins which has set their goal and still doing, I doubt they could go to zero right away.

LUNA was a big project...

hd49728

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Quote from: Saint-loup on July 13, 2023, 05:59:59 PM

Which DEX would you recommend? Usually DEX have a very poor liquidity and only work on one blockchain. It means you need to use bridges in order to convert the cryptos you want to exchange in wrapped tokens onto the blockchain supported, if they exist. That's usually not easy and smooth at all and you have to pay premium for that.

Using cryptocurrency bridges is risky and bridges are targets of hackers. Many big hacks on cryptocurrency bridges and the latest hack on a famous bridge tool Multichain is a hottest.

Paying very expensive fee for your bridged transactions and face with risk from bridges as well as the token on a side chain will be less secured than on its main chain. If you want to have BNB, buy it on Binance Smart Chain, don't buy it on Avalanche, Harmony, Arbitrum if BNB exists on those side chains.

Ronin bridge hack
Multichain hack and its consequences
Crypto bridge hacks
Blockchains Have a ‘Bridge’ Problem, and Hackers Know It

Saint-loup

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Quote from: Dr.Bitcoin_Strange on July 09, 2023, 04:24:35 PM

I have used LBank and MEXC, but the non-KYC requirement is just for certain withdrawal limits. If you must be able to withdraw a certain amount of Bitcoin or fiat, then you will definitely need to pass the KYC, which is just a way they can use to trap your coin. On Huobi exchange too, you are limited to a certain amount of withdrawal if you don't pass KYC. So my simple advice is the same as @Nwada001's. I don't recommend any of those CEX for you. Rather than seeking a Non-KYC CEX, just look for a good DEX that doesn't even require KYC before you can carry out your Bitcoin transaction.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Which DEX would you recommend? Usually DEX have a very poor liquidity and only work on one blockchain. It means you need to use bridges in order to convert the cryptos you want to exchange in wrapped tokens onto the blockchain supported, if they exist. That's usually not easy and smooth at all and you have to pay premium for that. Huobi now allows to withdrawal up to 5BTC a day, by just giving your name, your birth date and your nationality. They will give you a kind of virtual citizenship from the Commonwealth of Dominica.

Quote

1. What is Dominica Digital Identity?
Dominica Digital Identity (DDID) is the world's first country-authorized digital identity launched by Huobi, Tron and DMC Labs. A DDID holder is effectively a Dominica Metaverse Digital Citizen (DMDC).

https://www.huobi.com/en-us/user_center/uc_auth/digital

cryptoaddictchie

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Quote from: BlackHatCoiner on July 09, 2023, 05:38:08 AM

"Any asset" can't just go to zero. It needs to be a useless, piece of crap nobody uses but for trading. When trading bitcoin, gold etc., you know you can't just wake up the next day and have your holdings worth 0, which is very possible to happen with altcoins.

Maybe except for shitcoin who are useless after being pumped. But for some big projects on altcoins which has set their goal and still doing, I doubt they could go to zero right away. They might, but not rapidly. Ive been an altcoin enthusiasts, and if I started and just hold bitcoin eversince still not gonna have some nice profits compared to converting to some alts with huge multiplier. Yes experienced some losses too but thats normal since some projects are really dubious but we cant generalize all of them.

letteredhub

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With the high volume of exchanges surfaces all over the crypto industry we just don't need to put so much trust on these exchanges claiming no kYC, for when the authority puts pressure on them they would have no option to bow to such pressure to continue in business. The no KYC exchanges you know and talk of could be that they are still operating on no KYC requirements because the authority hasn't focus any pressure on them yet. Kucoin is current exemplified.

Dr.Bitcoin_Strange

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I have used LBank and MEXC, but the non-KYC requirement is just for certain withdrawal limits. If you must be able to withdraw a certain amount of Bitcoin or fiat, then you will definitely need to pass the KYC, which is just a way they can use to trap your coin. On Huobi exchange too, you are limited to a certain amount of withdrawal if you don't pass KYC. So my simple advice is the same as @Nwada001's. I don't recommend any of those CEX for you. Rather than seeking a Non-KYC CEX, just look for a good DEX that doesn't even require KYC before you can carry out your Bitcoin transaction.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Saint-loup

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Quote from: Taskford on July 09, 2023, 09:23:52 AM

Quote from: Saint-loup on July 08, 2023, 06:52:19 PM

No I wasn't aware of that, well it's sad because it was of the last large exchanges not requiring KYC. Now since OKX doesn't accept people from my country, only Huobi remains. It's not a bad exchange but I'm afraid it will ask KYC soon as well. Only smaller exchanges like Poloniex or Yobit would remain if it happens

After what happen to Kucoin where they have been implementing a mandatory KYC then there's a high chance thay Huobi will follow on this since they might encounter a legal issues if they still allowed non Kyc to use their platform. But since this implementation is already happening maybe newbie should normalize this Kyc thing and treat it as normal require to submit so that we wil comply on the requirements they ask.

Well, since it's not a western exchange and they've been able to avoid chinese regulation, we can hope they will dare to refuse to follow american and/or european regulation at least for one or 2 more years. But I don't think they will manage to resist indefinitely to be honest.

Topic: Which will be best non-KYC exchanger after Ku-coin? - page 2. (Read 886 times)