Bitcoin Forum

Hello guys,
Finally i'm going to reach the minimum amount required by exchanges to start trading (0.001 btc), but i don't know which exchange i should use, i need your help xD
I would like to trade on an exchange that:
-Most Important: doesn't require KYC (if it's only crypto-crypto it's fine, but no KYC)
-Good amount of alt-cois (more than Bitfinex, which i like, but don't has much cryptos)
-Preferably with good trust (so not brand new)

I was thinking at Binance but i don't know if it requires KYC at some point.
Kucoin looks good too, and apparently it doesn't require KYC, but i can't find much review about his trust status.

I hope you can suggest me something :)

Binance is the only exchange I would recommend to people who are looking to trade without verification, because all the other exchanges are either incompetent, or have a shitload of complaints and scam accusations open against them. But then again, Binance and other exchanges might not require people to verify themselves at this point, but that doesn't mean they never will, and when your funds are in there, and they suddenly change their terms, you will face some serious difficulties. Whatever you end up doing, think it through properly. Joining exchanges just because they right now don't require people to verify themselves is like playing Russian roulette with your funds.

This is a good  review (https://blockonomi.com/binance-vs-kucoin/) on Kucoin and Binance. You can check it out.

Meanwhile, I will also suggest Binance and which to remind you to not keep all your funds on any exchange you finally decide to pick. Some should remain in a cold storage wallet as hackers are always targeting exchanges and even the highly trusted ones could one day fall.

I would also agree that binance is by far the most decent exchange but please note, that they have a minimum withdrawal amount + transaction fee so if you are really trading with such amount, it is most likely that you won't reach those quota unless the coin(s) you bought pumped hard.

List of binance fee's: https://www.binance.com/fees.html

If you only have 0.001 BTC to trade with, then withdrawal fees actually is a huge part. Most exchanges will have withdrawal fees of 0.0003 BTC or above, even though the actual transaction fees are much lower now. So I'd definitely recommend saving up some more before you actually decide to deposit your money into an exchange to trade, otherwise there is really nothing to be earned as all your profits will be eaten away by withdrawal fees.

Binance is my definite choice of exchange for now, and I think it fits your criteria. It's fast, it's quick, no hassles, easy to understand interface. There are some concerns with regulation but for now, it's only for Japan. No KYC for 2 BTC per day worth of withdrawals, which is awesome and it's probably what you're looking for. Spreads are pretty low. But even they have a 0.0005 BTC withdrawal fee, 50% of your investment.

Even though there are exchanges with more pairings/markets, like yobit, most coins listed there are shitcoins and should not even deserve to be listed. Plus, the reputation of yobit is horrendous, do not use them just because they may have lower fees either.

All profits? You should not say that this early because we wouldn't be sure on how well his trading activity will go or how much profit exactly he would have.

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Anyway, @_bitnux_ , I'll also go with Binance. I am using different platforms and all is working well with me, but not for others. If I compare them all, Binance has fewer number of complaints/issues. Please double check first all the minimum withdraw amount and fees before making any deposit, better to know ahead. Good luck!

You want to start trading with just 0.001BTC  ::)
That is really small amount and you may end up paying all of it in trading fee and withdrawal fee.

Binance and kucoin could be best for you as I am also using them without getting verified and haven't got any problem till not. But I will still suggest you to keep those 0.001BTC in a wallet and use it for your spending. Its not enough amount to make any profit with trading...

Well there are many of them. I know that in Canada Kraken is one of the most popular Cryptocurrency exchange in Canada (https://icopulse.com/blog/cryptocurrency-exchange-canada/) service and one of the leaders in terms of trading volume. You can find the detailed review about it on ICO Pulse blog. There are many other information about popular cryptocurrency exchangers.

Binance is not need KYC and you still can trading, deposit and withdrawal here. Just turn on the google authenticator and you are good to go. Other exchange like kucoin and livecoin are good too. Both exchanges don't need KYC and you can trade easily, also both exchanges have good amount of altcoins to trade.

Thank you all guys, you are very kind :)
I guess i will go for binance at this point...
Too bad it doesn't have 2FA with email... using the google one doesn't looks much anonimous...
Good luck to all!

I would recommend Binance instead of Kucoin because it's just got a lot more volume, and people trust it more as well. There isn't really any point to using Kucoin unless Binance's website is completely down or as a backup for the time being.

It's got 2 BTC per 24h limits for unverified accounts, perfect for you. It's probably the most trusted exchange at the moment, without major issues with deposits/withdrawals based on my experience.


There isn't a big difference, it's up to preference really. As far as I know google authenticator even works offline and does not share data with Binance, so I think you're fine. It doesn't require any KYC or SMS verification to use. Plus when you signed up, you've already filled out way more personal info about yourself. No need to be this paranoid, even though privacy is appreciated for sure.

I can just recommend binance for all beginners. I also started with binance. Its very good and clear build. ITs almost self explained. The charts are easy to read, and its also very usefriendly coded. The support is great, and also the art to deposit. So with binance you can learn good at the beginning to trade and to understand how such an exchange work. And after some time on binance, you will be able to use other cryptocurrency exchanges. When your in sometime, you see the most of them are build almost the same!

If you have already acquired ETH, definitely check out Token Store. It's an exchange for ETH-20 based tokens. It's fully decentralized, so your funds are always safe and secure. This also means there is no need to register and no KYC regulations to comply with. Best of all, fees were recently decreased by 90%, making it one of the cheapest and best value exchanges to use.

If you're interested in p2p trading (peer-to-peer), check Hodl Hodl exchange. No KYC/AML, global exchange, many payment methods (if you can't find needed one - you can just submit for moderation your one), and many more.

HodlHodl.com

OP here.
Guys you could have warned me about the thing about decimals on binance... now i have 0.998 stucked ONT until i have enough btc to buy more ONT and find a way to recover them...
This is absolutely stupid, if i had known about this i would have searched another exchange to start with... These kind of limitations should be cleared in the first place when you suggest something to a newbie microtrader -_-