Which will be best non-KYC exchanger after Ku-coin? - page 4.

Renampun

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Quote from: FinneysTrueVision on July 02, 2023, 11:46:18 PM

There are several peer-to-peer options available but most of them suffer from a lack of liquidity. As far as centralized exchanges go the ones that could be considered as having an excellent reputation are very few and there is no certainty wether they will continue to accept unverified customers. Every single centralized exchange I've used eventually made KYC mandatory.

sometimes liquidity issues keep people from using P2P exchanges like Bisq. that's why a lot of people prioritize doing exchanges on centralized exchanges which only require KYC level 1 like binance, but for OP, you can try using agorasesk or utopia p2p, I haven't tried using those yet but from what I've noticed it seems that these two CEXs have good liquidity and is having hold a signature campaign.

but if you only want to make transactions in small amounts, you can try using remitano, for those who don't do KYC, the minimum withdrawal amount is $ 100 per day.

Coyster

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Quote from: Z390 on July 04, 2023, 10:56:35 AM

start using uniswap like platforms or the DYDX platform, you don't need to use or pass KYC verification before you can trade your Bitcoin or other assets.

Uniswap/DYDX platforms doesn't support trading Bitcoins, it is for ERC-20 tokens and Defi scams, if you want to recommend decentralized exchanges for trading Bitcoin, then there's Robosats and bisq.

Quote from: Z390 on July 04, 2023, 10:56:35 AM

It's a shame that the most trending crypto exchanges in this space are all centralized exchanges, we need more active decentralized exchanges and not just active, the reason why most users still prefer centralized exchanges is because of the users experience.

Decentralized exchanges are around and active for you to trade if you decide to, they usually don't have drama about dishonesty around them like centralized exchanges, but it doesn't mean they aren't around and active.

Yamane_Keto

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Quote from: FatFork on July 04, 2023, 10:46:47 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.

Quote from: FatFork on July 04, 2023, 10:46:47 AM

Even the Bitcoin network (just because something is very difficult to do, doesn't mean it's impossible).

No, you cannot hack Bitcoin as a network, but you can double spending. we can say you can hack a bitcoin wallet or a cryptocurrency exchange not Bitcoin Blockchain.

Quote from: FatFork on July 04, 2023, 10:46:47 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.

Z390

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Simple question, any other exchanges that are not centralized exchanges, because centralized exchanges are the ones that. Are too much about KYC verification, start using uniswap like platforms or the DYDX platform, you don't need to use or pass KYC verification before you can trade your Bitcoin or other assets.

It's a shame that the most trending crypto exchanges in this space are all centralized exchanges, we need more active decentralized exchanges and not just active, the reason why most users still prefer centralized exchanges is because of the users experience.

FatFork

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Quote from: Yamane_Keto on July 04, 2023, 10:02:43 AM

Quote from: ?? on ??

By the way, DEXs are also hacked and people lose money there too, often through smart contracts. But it’s not customary to talk about this, for some reason everyone remembers only about hacking centralized exchanges.

The real DEXs cannot be hacked because the word hack comes from the access of a third party to central servers and any DEXs that is hacked is not decentralized. You can say that you can be scammed in a decentralized exchange but your money cannot be hacked.

Well, that's not entirely true. Hacking usually refers to gaining unauthorized access or manipulating computer systems or networks, often with malicious intent. It involves exploiting vulnerabilities in software, hardware, or network infrastructure to gain unauthorized control or extract sensitive information. But, this doesn't mean that a system has to be centralized to be hackable. 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. Even the Bitcoin network (just because something is very difficult to do, doesn't mean it's impossible).

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.

For reference: Smart Contract Attacks: The Most Memorable Blockchain Hacks of All Time

Quote

A commonly used hacking definition is the act of compromising digital devices and networks through unauthorized access to an account or computer system.

This is a commonly used definition, not the only definition.

Yamane_Keto

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Quote from: ?? on ??

By the way, DEXs are also hacked and people lose money there too, often through smart contracts. But it’s not customary to talk about this, for some reason everyone remembers only about hacking centralized exchanges.

The real DEXs cannot be hacked because the word hack comes from the access of a third party to central servers and any DEXs that is hacked is not decentralized. You can say that you can be scammed in a decentralized exchange but your money cannot be hacked.

Quote from: ?? on ??

Decentralized exchanges are not as good as decentralization advocates make them out to be. There are also a lot of lousy moments, lack of tools for trading, lack of order books that are so familiar to a trader, low liquidity, high slippage, high commissions when exchanging tokens or when trying to swap tokens that are on different blockchains. To do this, you have to additionally use bridges, add support for tokens in wallets.

Your words are correct, but the problems of DEXs currently lie on the user side of a lack of liquidity, which causes slow execution of orders, and there may be no trading pairs for some local currencies. An example of a successful decentralized exchange is Bisq. Increasing the use of these platforms will enhance its strength.
But in any case, it will not become as fast as CEXs.

Quote from: ?? on ??

Do you seriously think that some kind of Robosats, xchange.me is a great alternative to KuCoin for a trader? Funny.

For a trader, no, but for someone who wants to trade bitcoin for cash or any cryptocurrency, yes.

Quote from: BlackHatCoiner on July 04, 2023, 08:00:55 AM

From my experience, the best, non-KYC are Bisq and RoboSats.

Quote from: Jon_Hodl on July 03, 2023, 02:34:11 PM

IMHO, the absolute best platform for buying bitcoin without any KYC is RoboSats. Their model is the best that I have ever come across for a few reasons.

Interested, it's the first time I've heard of this platform, I'll give it a try. thanks

onecall123

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Kucoin has truly been a delightful experience for me, one of my favorites non-KYC exchanges. However, it saddens me to hear that Kucoin will soon be implementing mandatory KYC requirements. This new KYC update is expected to impact a significant number of users across the globe.
As we adapt to this transition, it's necessary to explore alternative non-kyc exchanges such as Kraken and Gate.io, which also hold promising. I'm particularly interested in hearing the thoughts and opinions of others regarding these.

BlackHatCoiner

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From my experience, the best, non-KYC are Bisq and RoboSats.

Quote from: Jon_Hodl on July 03, 2023, 02:34:11 PM

IMHO, the absolute best platform for buying bitcoin without any KYC is RoboSats. Their model is the best that I have ever come across for a few reasons.

True, best exchange, but it loses in centralization in comparison with Bisq. However, due to the cost of doing on-chain transactions and paying extra in Bisq, I'm staying in RoboSats. Keep in mind the Bisq team is working on trading with lightning; can't look forward on buying XMR with LN-BTC and selling LN-BTC for fiat via Bisq.

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Quote from: 20kevin20 on July 04, 2023, 07:41:35 AM

If you’re keen on using a CEX, Coinex is the only remaining one I know of. All the others had to kneel and accept their fate as a now-KYC-mandatory CEX.

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

Quote

But it’s best to keep CEX wallet balance low anyway. You literally have no idea when another CEX decides to impose KYC without notice.

Good warning but suddenly new requirement for their service, KYC, is not a worst risk type. You can submit documents and complete KYC. Of course I know risk of failed KYC verification but you have some attempts to do it.

Worst risk type is they can suddenly be seized by government, close their service or scam exit without any chance for you to KYC or withdraw your coins.

20kevin20

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If you’re keen on using a CEX, Coinex is the only remaining one I know of. All the others had to kneel and accept their fate as a now-KYC-mandatory CEX.

But it’s best to keep CEX wallet balance low anyway. You literally have no idea when another CEX decides to impose KYC without notice.

ultrloa

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Quote from: ?? on ??

Quote from: ultrloa on July 03, 2023, 08:42:12 AM

Use dex instead of centralize exchange if you want to avoid KYC since it will implemented to all of CEX.

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

Therefore, such advice looks like this:

- The frame of my truck is broken, please recommend another truck.
- Use a passenger car, there is no frame, which means that a repetition of the problem can be avoided.
Cheesy

It's like temporary solution only for those people who would like to use an exchange but they can't afford to trust to hand their KYC to any platform whether its trusted or not. But for sure if they would find out that they still need to use Cex for sure they will comply to the requirements and get back to the normal trades they do. For me I don't have any problem regarding on Kucoin new implementation since I'm expecting them to do what binance implement to their users.

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Quote from: Perfectos on July 02, 2023, 05:00:57 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?

Are you a P2P user? I think OKX and Huobi are the only best choice as an altenative for Kucoin if you are not a P2P user. All the CEX requires KYC for P2P users that’s why I ask this question at the beginning.

The rest of exchange that doesn’t have KYC requirements are low tier exchange/low liquidity exchange. I don’t recommend using this exchange at all just to dodge KYC because you are literally gambling your funds once you deposit on these low tier exchange because they low liquidity on orderbook that cause huge price impact and sometimes they freeze account for unknown reason.

Jon_Hodl

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IMHO, the absolute best platform for buying bitcoin without any KYC is RoboSats. Their model is the best that I have ever come across for a few reasons.

- It can be run entirely within a Tor browser so very limited hardware requirements are needed.
- No identities are required at all. You can generate an entirely new identity for each and every trade which makes it incredibly difficult (if not impossible) to know who is behind any given trade.
- You can send/receive multiple different payment methods and currencies. You can even swap in/out of lightning to get different sats than what you already have on-chain.
- You can delete a robot identity after you are done completing a trade.
- All trade chat is PGP encrypted so you don't have to worry about anyone else knowing about your trade details.
- Trust is minimized with the use of maker bond smart contracts.
- As soon as you complete a trade and delete a robot identity, there is no trace or history of the trade on a platform.

There are probably a number of other reasons to use it but with all of these mentioned above, it is without a doubt my favorite way to buy/sell bitcoin.

I wrote this article not too long ago on how to use bitcoin anonymously that you might find helpful.

leonair

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Quote from: Perfectos on July 02, 2023, 05:00:57 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?

If you want to use an exchange without kyc you should use DEX instead of CEX but if you have any reason to use CEX or need a temporary exchange without KYC to exchange multiple coins including bitcoin I would say MEXC. I use it here without kyc any listed coin/token can be exchanged quickly and Deposit and Withdraw are completed very quickly. I use it so I say it but I won't say you use it too but I think MEXC or gate.io without KYC after kucoin can work better.

BD Crypto

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Quote from: Perfectos on July 02, 2023, 05:00:57 PM

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

Obviously Huobi Global will be the best non KYC exchanger after Kucoin. Because it is one of the most popular, secured and a exchange which have a lot of trading pairs with higher volume and a very cheap fees for trading and withdrawals.

But have some other options what I want to add is Cointiger exchange, XT exchange. They are also promising exchanges like Huobi and Coinex because they have a little trading fees, many pairs and a decent trading volume. But I will not suggest to store much funds in these exchanges as they don't have too much reputation yet but also not too bad at all.

Plaguedeath

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Quote from: ?? on ??

I would now look towards Bitget or Huobi. They have similar functionality, good commissions, support for various networks and developed trading.

Yeah another centralized exchange with temporary no KYC is the choice for @OP, but he need to keep an eye with the exchange's social media or email to get an update about updated terms. If he's not aware about it, then this could be a problem if he's really don't want to submit his KYC.

Usually those centralized exchange will notify their users, I haven't remembered with a centralized exchange without KYC updating their terms in silently.

ultrloa

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Quote from: Perfectos on July 02, 2023, 05:00:57 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?

Use dex instead of centralize exchange if you want to avoid KYC since it will implemented to all of CEX.

Here are the list of top Dex as of the moment https://koinly.io/blog/best-decentralized-exchanges/

Even if they are rated as good Dex you still need to do some research and always listen to communities feedback to avoid getting in touch with those scam Dex exist out of nowhere.

348Judah

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Quote from: Nwada001 on July 02, 2023, 05:04:12 PM

If you need a non-KYC exchange, I will advise you to avoid the centralized exchanges. Those who don't ask for KYC will definitely want to ask for it in the near future. The moment they start having heavy volume on their exchange, they will be faced with regulatory challenges. In order to reduce the pressure, they will have to request that users pass through their KYC process (Know your customer).

You can check out this list of none-KYC exchange it was last updated few days ago so I guess it's still current.
Current list of exchanges without KYC

To make an additional contribution on this, we should not always accept the statement from exchanges when they say that you will be decentralized while using them or they will offer you the best privacy offers in your experience with them, as far as they are centralized exchanges they are not safe and cannot be centralized and same time be decentralized, we should learn how to identify an exchange being a KYC one or a decentralized exchange by ourselves, centralized exchanges will always have in custody your keys and will never give them to you, then by now you should have know this that not your keys not your coins.

Despairo

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Quote from: ?? on ??

Do you seriously think that some kind of Robosats, xchange.me is a great alternative to KuCoin for a trader? Funny.

This thread is posted in Beginners & Help, so it's a general question. If this thread was posted in trading discussion, I could be wrong because if the @OP is a daily trader, swap exchange can't be a solution.

DEX could be hacked, but it's very rarely to happen, moreover if you trade in swap exchange, you'll receive your coins/money immediately. It's almost impossible during you swap your token, the site get hacked at the same time. Some sites give you the private key to access the wallet.

Cool your heads off, when did @OP saying he's looking for a high liquidity exchange without KYC?

Despairo

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The best no KYC exchange is no KYC P2P or decentralized exchange, you can pick Bisq, Robosats, Agoradesk. xchange.me etc.

Quote from: Andrija Branislav on July 03, 2023, 02:22:21 AM

Why enter one house and go to the second if the first house is safe and there are no problems.

If the implementation of mandatory KYC on Kucoin will not cause a problem for @OP, he wouldn't create this thread in the first place.

The mandatory KYC rule is the problem for @OP, however there's no centralized exchange is safe even though you don't have any problem using it for one or two years, you need to check FTX where they used to be a Binance killer, but they got hacked and it has been shutdown.

Topic: Which will be best non-KYC exchanger after Ku-coin? - page 4. (Read 852 times)