Which will be best non-KYC exchanger after Ku-coin? - page 3.

Taskford

hero member

Activity: 2520

Merit: 783

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

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?

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.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: ?? on ??

Retail traders not only play against big capitals, they also play against the same retailers.

But mainly against big capitals. The cryptocurrencies that lure investors are those where the big capitals lie on.

Quote from: ?? on ??

Any crypto asset can cost zero, any, even bitcoin.

Come on now, seriously. If we follow that line of reasoning, then even food can go to 0 in a chaotic scenario, but it's orders of magnitude more improbable than a shitcoin going to 0. Bitcoin has a legitimate userbase, oppositely to almost every altcoin that is a zero-sum scheme.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: ?? on ??

The task of a retail trader is not to gain some advantage over the big players and manipulators.

The task of a retail trader isn't that, indeed; it's to take a small piece of their pie. That, obviously, isn't in favor of them.

Quote from: ?? on ??

Any asset can lead to such an outcome if it is not properly disposed of, even on bitcoin every year people lose billions of dollars, but this is not the fault of bitcoin

"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.

Quote from: ?? on ??

It is not entirely clear what you are trying to refute with your examples?

The commercialized mentality that has led people believe that they possess knowledge about the risks and rewards associated with their investments, when in reality, they are unknowingly investing in non-transparent financial schemes that fundamentally work against their interests.

cryptoaddictchie

legendary

Activity: 2324

Merit: 1384

Fully Regulated Crypto Casino

Quote from: ?? on ??

Apparently, many people still do not understand that centralized and decentralized exchanges sometimes perform completely different tasks for a crypto user, so they try to oppose these services to each other as a full-fledged alternative, as if centralized and decentralized exchanges differ only in that on CEX there is KYC, but on DEX it is not, and there are no more differences between them. Cheesy

This is so true. Ive using both and theres really a huge difference(not only in the kyc but the trading style approach) I suggested OP mexc which I think doesnt have KYC for doing some activity, but he didnt mentioned clearly why he has to use the platform? Does he gonna trade bitcoin alone, or some altcoins. Cause if they gonna trade bitcoin then clearly bisq is one of the best one to use since it doesnt have kyc at all, but if OP wanted to find the same caliber of features like kucoin then he must be probably looking for a feature pact exchange that does have any sort of activity like staking, leverage, and lots of volatile asset.

Ive read down some discussion and clearly you are aware of the difference. From someone's perspective we will have a huge debate especially if you are talking to someone not using any cex(or prefer not to).

I guess OP's need to response here for clarity of what his looking for. So users might suggest a specifically the appropriate market exchange.

Saint-loup

legendary

Activity: 2604

Merit: 2353

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?

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 they will ask KYC soon as well. Only smaller exchanges like Poloniex or Yobit would remain if it happens.

Woodie

hero member

Activity: 1834

Merit: 879

Rollbit.com ⚔️Crypto Futures

Quote from: Fuso.hp on July 08, 2023, 10:27:33 AM

I have used kucoin exchange for a long time, during the time I used this exchange, there was no KYC problem in using this exchange. Recently, KYC has been made mandatory for this exchange due to security concerns.

Most exchanges once upon a time didn't have these KYC requirements unless you needed to withdraw above the set limit say for example 10k bitcoins ...unfortunately these features are nomore and most require KYC to be done.

And seeing the title to the thread, kucoin is nolonger a non-KYC exchange as can be seen by the photo when I visited their app

Quote from: Fuso.hp on July 08, 2023, 10:27:33 AM

And I support it because having KYC verification gives a different level of security to the account. And if the account has KYC verification, fraud is less likely. If KYC is now made mandatory then every user is required to do KYC on this exchange.

Maybe this is only because of regulatory requirements needed to operate in certain parts of the world...
Otherwise its only exchanges enjoying this whole KYC process and its an advantage on their side...
Talking of KYC, what happens to all the KYC data after its collected? Does anybody audit this data for any data tempering or trade...I don't think so!

Pandu Geddon

hero member

Activity: 826

Merit: 583

Quote from: BD Crypto on July 08, 2023, 11:43:19 AM

The properties of Bitcoin is to be decentralized and anonymous, So why you are supporting to make it centralized and break anonymity?

however centralized exchanges require KYC as their regulation. in the past many people were against KYC of exchange platforms as well as gambling platforms. they do it all for security reasons. if you are an active user of a platform that ultimately requires you to do KYC. then however you will be squeezed by your needs and desires.
if you don't like KYC, then you can use an exchange platform which until now still doesn't ask for KYC. it's just an option. if you don't want KYC, then we can move to another platform.

BD Crypto

full member

Activity: 658

Merit: 158

BTC Rocks

Quote from: Fuso.hp on July 08, 2023, 10:27:33 AM

And I support it because having KYC verification gives a different level of security to the account. And if the account has KYC verification, fraud is less likely.

The properties of Bitcoin is to be decentralized and anonymous, So why you are supporting to make it centralized and break anonymity?

Actually I either not support any centralized exchanges because there is a higher risk of your assets as you don't have full control on your assets. We know that "Not Your Keys, Not Your Coins". Still now centralized exchanges have many features for smooth trading and higher liquidity. But there your funds aren't secure and also your personal data what you have submitted to verify KYC . Centralized Exchanges can be hacked or either compromised and your personal information can leak in Dark Web or to the hackers. There are some benefits of doing kyc but the risks are worth considering.

Fuso.hp

sr. member

Activity: 490

Merit: 294

I have used kucoin exchange for a long time, during the time I used this exchange, there was no KYC problem in using this exchange. Recently, KYC has been made mandatory for this exchange due to security concerns. And I support it because having KYC verification gives a different level of security to the account. And if the account has KYC verification, fraud is less likely. If KYC is now made mandatory then every user is required to do KYC on this exchange.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: ?? on ??

To do this, the altcoiner has other metrics, such as tokenomics, unlocks, or a price chart.

And so do the predators above them. With the exception they have insider info as well and can pull the strings according to their payoff, which in a zero-sum game like most altcoins, this manipulation is not beneficial for the collective welfare.

Quote from: ?? on ??

By the way, altcoins are much more friendly to small deposits than bitcoin.

Not sure what "friendly deposit" means here. It can benefit small investors just as it can make their holdings worth zero.

Quote from: ?? on ??

In short-term trading, bitcoin's inability to disappear is of little value.

It appears to me valuable when I examine cryptos like Terra Luna, BitConnect, FTT, OneCoin and probably many others that went zero overnight and were in some traders' preferences at the time when that happened.

cryptoaddictchie

legendary

Activity: 2324

Merit: 1384

Fully Regulated Crypto Casino

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 think mexc doesnt need kyc if you are looking for cex type of exchange. I didnt do any kyc but able to deposit and withdraw funds from there. Can even trade different altcoins too. Im not sure what would be the effect of the kyc to kucoin users but definitely will have a huge impact. Im thinking they are being pinned down due to a lot of issues from the SECA about regulations so they are doing this.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: ?? on ??

if I wanted to exchange bitcoin (equivalent to $1000) for $1000 USDT, then with the swap I I can get not $1000, but, for example, $997.89.

Comparably to swap-exchanges like Boltz, I think that a ~0.2% a pretty good deal.

Quote from: ?? on ??

If I want to speculate in the short/medium term in volatile markets, then Bitcoin is not the best choice.

I don't know what makes you say that with such confidence. You know absolutely nothing about an altcoin, unless you have insider information, which is not the case for the vast majority of retail traders. You know nothing about bitcoin in the short-term either, but at least you know it can't disappear.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: ?? on ??

If we are talking about high-frequency trading as a full-fledged activity, then CEX is much better and more convenient for this activity.

It's also a lot cheaper (in terms of transaction fees), because you don't need escrow or atomic swaps' fees. If I'm not mistaken centralized exchanges don't take commission when you want to, say, trade bitcoin for ethereum.

Quote from: ?? on ??

The use of exchanges is not limited to bitcoin alone.

Unless you're not a gambler of course, and just want cryptocurrency to spend it. Which, in this case, I think bitcoin is your best choice.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: ?? on ??

They don't offer trading, they offer swap.

They're the same thing. Swapping, exchanging, trading assets, they're all synonyms. What you're referring to is how regular one trades, which in the case with retail trading is probably everyday?

Quote from: ?? on ??

Therefore, if these decentralized services cannot offer a full-fledged alternative to centralized pairs, one cannot say that one should forget about centralized services and switch to decentralized ones, since the use of centralized services does not always come down to a banal purchase, sale or one-time swap of one asset for another.

Well, sure, truly decentralized exchange doesn't come with all the commercialized shitcoins a centralized exchange provides, but I don't believe that someone who wants to buy bitcoin cares much about that.

Quote from: ?? on ??

People come to centralized exchanges to speculate, not to exchange

Not necessarily. I know lots who simply wanted to hold some coins for the long term, and they registered on some centralized exchange to accomplish it, and you know probably too. Decentralized exchange is for those.

20kevin20

legendary

Activity: 1134

Merit: 1599

Quote from: dzungmobile on July 04, 2023, 06:50:55 AM

They are not Tier 1 exchange and you will have more wash trading volume on Coinex. Coinex ranking on Coinmarketcap is 65 with Trust score is 4.9

I know, but do tiers even matter anymore? Wash trading is about everywhere except maybe a handful of exchanges. All exchanges are about the same for me. Unless they're no-name, it's all risky. There's a chance you deposit to Coinex without a problem and then decide to go to Binance full KYC mode and they flag your deposit as suspicious, demanding for more information that isn't really necessary to begin with. OP asked for a no KYC exchange, this is the best one I have that still doesn't impose KYC to their customers.

dkbit98

legendary

Activity: 2212

Merit: 7064

Quote from: ?? on ??

I want to trade pair Ripple\BTC, or LTC\BTC, and maybe also with cross leverage. Tell me, is there such an opportunity on Bisq? Or maybe on other decentralized exchanges?

No, you can't trade shitcoins like ripple on Bisq exchange, and there is Litecoin but there is no volume for that tradin pair right now (I guess you can always create your own offer).
Bisq is mostly used for trading fiat currency with Bitcoin or Moneor, and you can check all Bisq markets here:
https://bisq.markets/

For BTC-LTC maybe there are few more alternatives like BlockDX, AtomicDEX (not sure about volume), Atomic Swaps or some centralized swap exchanges like exch.cx.

dkbit98

legendary

Activity: 2212

Merit: 7064

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

So I need some suggestions Which can be a reliable non kyc exchanger like kucoin?

Just use Bisq decentralized exchange, and forget about other centralized exchanges that will end up like Kucoin sooner or later, they are all time ticking ''bombs''.
One issue I have with Bisq is that it can only be used for computers, not for mobile devices, so I discovered one good option called Peach Bitcoin app.
Note that Peach Bitcoin can only work in Europe and there are some daily and monthly limitations for amount of money/coins you can exchange.

In cases when you need alternatives for Bisq you can visit kycnot.me website that has really nice suggestions, and it's updated on regular basis.

FatFork

legendary

Activity: 1820

Merit: 2700

Crypto Swap Exchange

Quote from: Yamane_Keto on July 04, 2023, 10:06:25 AM

Quote from: FatFork on July 04, 2023, 09:46:47 AM

One example is DNS hijacking / redirection attack. The DNS system is completely decentralized, but it is still subject to malicious attacks (hacking). By a similar principle, all decentralized services are vulnerable to attacks.

Can you come up with a source that the Domain Name System (DNS) is a decentralized system? AFAIK, DNS is a distributed system with hierarchical implementation of many central nameservers.

DNS can be considered both distributed and decentralized, with some centralization at the root level. While the root DNS servers are managed and maintained by different organizations, the overall system does not have a single point of failure that can disable the entire Internet. If one root server or organization becomes unavailable, other servers can continue to handle DNS queries. Besides, the decentralized nature of DNS extends beyond the root servers.

Quote from: Yamane_Keto on July 04, 2023, 10:06:25 AM

This is a symbolic representation of the DNS hierarchy, not an operational structure.

Check out this map showing all 123 instances of DNS root servers by the end of 2006. It looks pretty decentralized, don't you think?

Source: https://en.wikipedia.org/wiki/Root_name_server

Quote from: Yamane_Keto on July 04, 2023, 10:06:25 AM

Quote from: FatFork on July 04, 2023, 09:46:47 AM

As for (real) DEXs, they can be (were) hacked by exploiting flaws and vulnerabilities in smart contracts running on decentralized platforms, which can lead to unauthorized access or manipulation of funds. It is therefore very irresponsible to claim that they cannot be hacked.

As I said they are not (real) DEXs but backbone bridges, these backbone bridges can be hacked. It is better to say that these bridges do not require KYC and are not decentralized.

It's not just the backbone bridges that can be vulnerable to exploits, but even the DEXs themselves and their smart contracts can be targeted by hackers. We've seen cases like the Scream protocol hack, where such vulnerabilities were exploited.

Yamane_Keto

hero member

Activity: 630

Merit: 510

Quote from: Eureka_07 on July 05, 2023, 08:10:22 AM

To support Nwada001's statement, I suggest reading threads like this one: 8 Best Decentralized Exchanges, instead of relying on non-KYC exchange lists. Although I haven't read the entire thread, it's possible that you will find a decentralized exchange that suits your taste.

I will assume that these are decentralized exchanges, but they do not accept bitcoin because the way to manage the smart contract in bitcoin is not that flexible as in ethereum, and therefore you will find yourself looking for an exchange that locks your bitcoin and gives you locked tokens like WBTC.

WBTC is more risky than using a non-KYC exchange. At least you have the option on central platforms to evaluate your data or not, but on central platforms, unlocking Wrapped tokens means losing your coins.

Eureka_07

sr. member

Activity: 1764

Merit: 260

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?

To support Nwada001's statement, I suggest reading threads like this one: 8 Best Decentralized Exchanges, instead of relying on non-KYC exchange lists. Although I haven't read the entire thread, it's possible that you will find a decentralized exchange that suits your taste.

Topic: Which will be best non-KYC exchanger after Ku-coin? - page 3. (Read 894 times)