Bitcoin Forum

I think it's safe to say that the majority of us hates KYC/AML these days. It feels so wrong to submit all your personal details when dealing with something like cryptocurrencies, as it wasnt the intention with BTC to reveal your identity at all.

With tons of exchanges enforcing it, which exchanges do you guys use now? Hit me!

I've been trading on DEX's as of lately, just to get a feeling of how they work, and I must say it feels good trading while being in control of your own private keys. Used Blocknet's DEX to trade some LTC for BTC, for the upcomng halving event, and it worked out fine.

What other alternatives can you guys recommend?

Aren't you guys tired to promote spam Blocknet with different accounts here? A DEX that nobody cares about? Sometimes they don't even remember what they already posted and end up copy-pasting the same post from another account lol. I reported a user already not long ago https://bitcointalk.org/index.php?action=profile;u=2696455;sa=showPosts

Is Blocknet so desperate to use such an advertising strategy? Blocknet look like a pure shit to me now

I am not sure daily spamming blocknet on the forum will attract much visitors but rather irritate them. Also there are many exchanges that doesn't require kyc for withdrawal up to 2 btc per 24 hours on Binance. Again, Kyc came as a necessity with respect to pressure from sec on fighting scam and I am sure that if sec comes for blocknet tomorrow, it will fully implement kyc too. So I think Blocknet should pick another marketing point other than "zero kyc "

I can't remember any central exchange not asking for KYC documents anymore. If they are not asking they are going to enforce registering your phones too. It already feels like cryptocurrency market had been compromised by the biggest mafia, its fortunate that DEX are also around.

Try Bisq they don't ask KYC or better yet check my signature.

Luckily that could in theory be overcome by using a burner phone--I don't know how rent-by-the-month phones are in terms of privacy, but I think if you pay for your minutes in cash they should be fairly private.

In any case, KYC on crypto exchanges is what's coming, whether we like it or not.  I'm actually surprised there are even only a handful that don't require KYC docs.  To the best of my knowlege Kucoin is one of those (with certain restrictions, e.g., daily withdrawal limits and being unable to trade with fiat), and they're a pretty decent exchange as well.  Aside from Yobit, I can't think of many more these days that won't require your account to be verified--and I don't recommend using Yobit at all.

This might not be in the spirit of Satoshi's intent, but there's no getting around it.  I'm actually quite surprised that it's taken this long for most exchanges to be required to verify their customers.

It is true that most people hates KYC because it clearly goes against everything the main idea of blockchain stands for, but what can be done about it when most Dex are still struggling with having good volume and so on. However, there are still exchanges which allows a certain withdrawal of assets without kyc. An exchange like Binance allows users to withdraw assets not exceeding 2BTC per 24hrs, without KYC, so it is a fair deal in my own view. But in the case of fiat, KYC will be required; with the way things are going, won't be surprised when most if not all exchanges starts enforcing it but till then let's keep our fingers crossed.

I regard anywhere that doesn't ask for KYC as a place that is waiting to use it as an excuse to rape you when the time is right. It's the excuse that keeps on giving. And even supposedly decentralised places have asked for it too, not that any I've seen are worth bothering with.

Exchanges without kyc is not good I personally think becaus these exchanged not the best of security. I had account on cryptopia exchange which is without kyc.everybody knows what happened them. Public money should be safe on all exchanges which is kyc or nonkyc. When exchange is demanding kyc that means he is aware of traders funds .so everybody should join the exchange who done kyc and some security conditions.

At this point, I feel that they can fuck you up anytime due to various 'security concerns'. Let's say, you use a VPN today and tomorrow your VPN use different IP address. Or, you don't use any VPN but somehow they still found your account is doing 'malicious' activities. There are many things that could go wrong.

Trading in the forum with escrow is probably going to last longer than exchanges with 2 BTC limit.


You're overgeneralizing. Even if some exchange asks you for KYC, it doesn't mean they won't scam you or do something stupid. There are a lot of examples that you can search for Google.

I guess we have our own favourite exchanges which we can choose as a place to trade. No matter if you use the decentralized or centralized exchange, as long as you can feel comfortable with that exchange, you don't have to move to another decentralized exchange or centralized exchange.

You can say that DEX is good for you, but not all of us will say the same. I have a bad experience in using decentralized exchanges, and that is why I don't like to use that DEX although sometimes, I trade some coins that I still have on that DEX.

But if you want to avoid for KYC, I think you can use Binance, HitBTC, Bitmex, and another. Each decentralized exchanges and centralized exchanges will have the advantage and the disadvantage, and that will depend on people, whether they will use DEX or CEX.   

Yobit gets the job done though. People may find them sketchy but I will still look at them a good place than the ones who just close to run away with the money we have on them. Yobit doesn't ask KYC still, they aren't enforcing it yet but will always remind users about phone verification.

Try https://swapzone.io/

I hate kyc but Im not fond of using dex and I cant find it more attractive when it comes to trading. I am using Binance but I did not do KYC. But my level is very low and has a limited trading quantity per day but its okay still a lot for myself. Also you might wanna consider the coins or tokens listed. I choose this cause of variety of tokens that can be traded and talking about volume its one of the best and everyone knows that.

I always heard blocknet dex everywhere, perhaps there is a huge marketing for shilling this project right now and got some rewards. Even on altcoin there are shillers of this dex. Whats about this exchange?

That is the thing that people are having hard time understanding, if you like an exchange that doesn't matter if it is the "best" one or not. If you like it enough you can literally oversee the missing features and all of that and just use it.

For example, this person is asking for an exchange without KYC and I honestly wouldn't want to give my information as well, however what did I do? I am using binance which has KYC request in there, and I said I didn't want to give my info anyway, so what can I do about it?

Obviously they have a 2 bitcoin limit and I just stay under it, that is enough for me anyway and that way I am both using my favorite place and I do not have to give my info as well. This can be applied to any exchange and any reason at all because if you like a place enough you can close your eyes to their shortcomings.

The vast majority of exchange platforms have a KYC-free limit of around 2 BTC per day.

I know that Binance is like that, so is KuCoin and HitBTC if I recall, but these are absolute trash.

If you're really worried about KYC, download exodus wallet and use its built-in exchange tool.

Most global exchanges allow you to trade without KYC. You can also withdraw with limits, even if you have not submitted any document. Just as I know, most of them allow a limit of just 2BTC daily, which I feel is enough for the normal trader.
Except you feel your daily withdrawal limit has exceeded that, then you should start thinking of complying with the demand for KYC. Even the best exchnage, in this case, will demand for it.

2 BTC is actually peanuts for those who trades regularly.
Well, they are the best exchange, thus they are being monitored by the government and law enforcement. They will have to follow the rules or they won't be able to operate. To prevent any kind of damage to their company, they will have to enforce KYC/AML policies to keep their user database clean.

I can't deny the fact that i hate giving out my personal information to people i can't hold responsible because anybody can decide to close up their project in this space any day without any legal repercussions. I have had encounters with many cryptocurrency projects that end up selling the identity details submitted to them after packing up and i must say nothing good comes of such identity theft. I do opt in for DEX exchange if at all the coins i want to trade are available there or i use restricted functionality of global exchanges that allow withdrawals of few amount without kyc

I have never tried exodus wallet. But I would suggest Binance as one of the exchanges that don't require KYC if you can keep their 2BTC daily withdrawal limit. That is already large amount for most crypto users. And you feel safe because its BNB and they have SAFU in place, in case something goes wrong with their exchange. This is one of the reasons I feel safe and secure about BNB. But if there are coins that are not yet in BNB, there are other exchanges like KuCoin, HitBTC, Bittrex and other medium exchanges. But always remember that you need to pull your funds out of the exchange immediately after you finished with the trading.

I also prefer Binance as it's really a good exchange based from my trading experiences. Although there are still more exchanges out there like DEX's or Bittrex but i have build already my trust in Binance just like any other traders who have their own best exchanges when it comes to trading. Trading without KYC will always make your privacy secured.

Binance also for will do. Although they have their KYC process you still can do their KYC process if you are just a small trader, since there are some restriction or by the level of the accounts in Binance, most of the restrictions are the withdrawal amount of users can do.
If your country is not restricted in Binance, then there will be no problem trading there.

The Dex you gave I have never heard of it and I hope you are not promoting it to community, people need to be careful.Well Binance is the largest exchange by volume and its allows a Maximum of 2BTC/day withdrawals or crypto asset of that magnitude without KYC. It's safe but a constodian exchange.

You haven't heard of this exchange but it is also quite famous and also many users. Binance is currently the first choice of people when trading, but the problem being discussed is KYC (2BTC for us may be big but for many is too small), many people don't like disclosing information and of course they want to find safe and convenient new services.

hmm .. I don't think DEX is one of the best options. Currently, I only see Binance DEX as the best DEX but the volume is still quite small and the price difference is still very high. And of course, the problem is forever high fees and we will die gradually if trading there. I think you can choose Bithumb to trade without KYC. High volume, you can withdraw 5 BTC every day without doing KYC. A great choice for you and the transactions are made quickly.

I always avoid exchanges with KYC, because for me personal data is important and I am among those who are concerned with privacy.
So I always use exchanges without KYC until now. I recommend binance, kucoin, okex and upbit. But I am more often trading at binance
and kucoin nowadays.

I prefer DEX now than the central exchange. They are true no-bot, only DEX can trade fairly. Some market Dex I like the Binance DEX, Forkdelta, Wavesexchage, Stellar DEX. It was amazing!

KYC is more prone to hackers or scammers because they can have some access with your identity and account information. It is much better to have a secured transaction if you don't comply and information while you do exchanges with other people. Yobit is a good exchange for me, hoping that people who don't want to have a KYC should use Yobit in their transaction so that it will become more noticeable to the people. It is less hassle if you have exchange that doesn't really want to get all of your information because some exchanges are fraud and have a huge fees. It feels secured if you don't send any information about your account while you want to have a transaction in the exchanges.

I would like to recommend Hitbtc. It has high volume and no need to KYC.

I completely agree with the statement that the passage of verification should not be present in cryptocurrency. This violates all the principles of anonymity in the cryptocurrency space. On this site (https://cryptogeek.info/en/exchanges) you can find by search all the cryptocurrency exchanges on which it is not necessary to go through the verification procedure.

that's not a good suggestions to use.
hitbtc is a scam exchange Beware !!!!! :'( :'( :'(  (https://bitcointalk.org/index.php?topic=5122054.0)
 HitBTC Scam  (https://bitcointalk.org/index.php?topic=5228702.0)
 
hitbtc scam 2.6btc! ALERT!!!  (https://bitcointalk.org/index.php?topic=5221422.0)
 [SCAM] HitBTC - 3300$  (https://bitcointalk.org/index.php?topic=5220892.0)


its better to use binance even they only have 2 btc  daily maximum  limit withdrawal for user's that don't want to make KyC .

I do exchanges without KYC I don't like KYC exchange at all By doing KYC I once lost all our confidential information They hacked my ID and took everything So now I have chosen Binance to exchange. There is no need to do KYC here and there is no fear of losing confidential information of many trusted sites. binance does not want any personal data but if you do not exchange personal data before going to another site the exchange will stop so you should try to stay away from the KYC exchange site Binance is best for exchanging without KYC.

True it wasn't the intention of bitcoin but the community has grown so big that scammers has seen these advantage of cryptocurrency as an avenue to defraud Investors of their hard earn money. Introducing the use of KYC has been the most effective method in combating fraud/money laundering so far so I don't think we can eliminate the need of it in the industry until something more effective has been developed.

Nevertheless, if I'm not mistaking all most all the so called reputed exchanges including Binance does have an often of transacting with them without the need of carrying out KYC procedures. Therefore, you just simply have to respect their terms and conditions by not withdrawing above their stated bitcoin and you account won't have any issue. You could withdraw daily (with the maximum limit) until you withdraw all your bitcoin without having to surrender your private information.

DEX are a good way for trading and right now Bisq has been treeing after LocalBitcoin bans cash. I don’t know about he exchange you have mentioned. There are some local exchanges in my country that I also use, you trade directly with them and you don’t any online platforms, you simply reach out to them and carry out the trade and send your payment to your favorite payment method.

I also make use of centralized exchanges, and the ones I am using are only the popular ones and nothing more, although I know that none of them should be trusted 100%, but still they are better than making use of exchanges with no reputation.

I don't know much about DEX, but if you want to avoid KYC, I suggest you try Binance. At that exchange, you will not have to fill KYC if you don't want, but you should satisfy to withdraw your fund up to 2 BTC. I think that will not be a problem for you as long as you don't send any document with them, and I think with 2 BTC every day will help you to withdraw your fund. But the most important, we should take care of our funds in every exchange we used, and be careful to choose the right exchanges for you.

Yeah, there is and maybe at your first withdrawal but later on, they will ask you to submit your KYC otherwise you can't perform your transaction again. Maybe they are just attracting users to have their platform but why are these exchanges asking KYC? Does it certainly be a big deal for us? Of course not if we are using reputable exchanges, in fact, Binance is aking KYC also but somehow people give it because they are giving trust and confidence about the security of these exchanges.

If we choose any exchanges to use, see to it that we know more about this exchanger and not just because they don't ask KYC.

Simple exchange without  KYC is forkdelta and always have price for each coin you received, I use forkdelta when receiving coin reward from airdrop and bounty campaign project, always get benefit why using forkdelta because before coin listing on formal exchange we have available for selling coin on forkdelta.

Bids in that exchange however aren't going to make you considerable amount. I have some tokens that I got from bounties going up to thousands but its worth in selling there is just 0.2ETH. Its the price for avoiding KYC while if I sell it on the exchange that asks KYC could be worth 0.5ETH. It does help after all if you got the tokens from airdrop it means you didn't work for it.

Don't login there with your private key by the way, its best to just create another account and send your tokens there.

This isn't an Exchange but an exchanger. 

https://xchange.me/

It has no account creations or KYC hassle. Just easy anonymous swaps.
Fees per swap are 2% for Ethereum and 1% for all other coins and tokens.

I don't think that Decentralized exchange is the best way to trade reckon in the volume of it is still low.

You don't need a decentralized exchange if you don't want to pass a personal identity.

Because you can choose binance exchange which is a popular exchange and you can pass the personal identity.

But you may have limited access to withdraw your fund, you just have 1 BTC per day for you to withdraw your fund.

Seem like binance exchange is the safest way rather you choose a decentralized exchange, at least you'll be comfortable when you store your money although it will be for long time.

KYC(personal data) is most important, so people’s ignoring to submit at all. Mostly centralized exchanges must asked KYC but you can relaxed if you will trade and withdraw 2 BTC regularly, it’s a binance requirement specially. So don’t worry you can access mostly major exchanges without KYC. Exchanges will be enforce when you will overcome these limit.               

Nothing to worry about for having that limits especially if you didn't trade any bigger than that limits so there's no need to give your personal credentials, But if you trade bigger volume then this should be implemented since it's part of safety measure since hacking is rampant and it's a sort of protection for the user. But make sure you provide your information on reliable exchange like binance since its risky if given in small unreliable exchangers.

If you are to join an exchange without KYC, just the ones that offers no login credits like the EIDOS hybrid exchange where you only need wallet login. Non-custodial are pretty much what you need. There are already projects like these but are not very supported by many of us because we concentrate to BTC alone. Try the ones in the newer platforms like EOS and TRON. Check this out https://oikos.cash

I don't use that Blocknet DEX, I would rather to use platform exchange that are listed at the coinmarketcap compared to this one you are promoting it now. Because it's too risky to use exchange on which don't have any strong credibility in the market. But this was just my assessment and opinion only.

Bisq can allow KYC because they are not known, they have low trade volume, few coin and listed low in the exchange rank. The last time I checked they trade more anonymous coin. I feel Government need the KYC more than the team behind those exchange and that worries me more. Dex dont have the privilegdes of the centralized exchanges. Some are more of a blockchain than others but I believe it is a problem to consider solved in the space. Exchanges are great force in the space.

Have you tried https://swapzone.io/ yet?

From the beginning of Bitcoin creation, there have been the issue of either to include KYC or not, though, what we see today is, many exchanges are now requesting many of their users to pass through KYC before they can trade on their platforms. This was envisaged before now and things have been drifting to the pont where KYC will mandatory for all. Exchanges without KYC have been on the neck of the government and they  are out to compel them to integrate KYC into their platforms. Personally, I have been using g exchanges with good reputation even though they allow KYC.

Hackers are smart enough to get over a whole website and steal thousands of bitcoin, you really think that they are not smart enough to go around KYC and find a way to cash that out as well?

These people literally work their ass off to steal that much money, it will be definitely easy for them to find a way to cash out. They would probably use some cashing out system that is by hand, meet with some money launderer type of person or some bank in Bahamas or whatever and just give bitcoin to them and get cash with some big discount, like lets say they steal 20 million dollars worth of bitcoin, they get 10 million in cash. That Bahamas bank in return gives that to coinbase or whatever and actually show their ID as a company, and they can withdraw easily without a problem.

Honestly, I don't know why are people so.afraid of KYC. On certain extend I can understand they are afraid for not knowing where their data might end but if you use respectable exchanges that shouldn't be a problem. KYC is also here to protect the users and since is legal obligation, by searching for exchange without KYC you actually ecpose yourself to risk to make business with exchange that is not legitimate and law compliant so also without legal protection if something goes wrong.

There are still thousands of exchanges out there that are still KYC free. Although, many have chosen to patronized the dex platforms and not centralized platforms as we know them to be difficult. They are difficult due to their KYC before anyone can trade or sell for cash out. The government have been giving regulations to decentralized exchanges and forcing them to obey the rules. This will make many of the left over decentralized exchanges to imbibe the culture of Know Your Customers.

I prefer to trade on exchanges without KYC..Some of these exchanges are secured. Recently, people have chosen these exchanges without kyc over the ones with kyc. Reason being that, sometimes, there may be urgent need to trade some of your tokens without delays. With exchanges without kyc, this can be achieved.

Many bigger exchange still available for withdraw although without KYC because each exchange market giving limit for withdrawing if not pass kyc under 2 bitcoin in daily day like Binance exchange, for other exchange maybe give space for $5k every day if withdraw. Only with bittrex exchange market must kyc.

I really hate KYC especially on bounty campaigns, but it's different with exchanges. I don't think it's a problem we have to do KYC in a really big and good exchange. The problem is a small exchange that requires all users to do KYC, do KYC on the actual exchange to open features using larger funds and of course it will be risky if you lose an account that has not done KYC.

Indeed, it is very easy to find an exchange where you do not need to pass verification. Passing KYC should not be a problem for a user on a good cryptocurrency exchange. After all, verification helps you keep access to your account and opens the opportunity to use additional services of the exchange, such as participation in IEO, margin trading and the ability to withdraw more than 2 BTC per day.

Yes, binance is a good exchange for people who don't want to do KYC. No matter if we only allow withdrawing 2 bitcoin daily, we don't have to bother about KYC, and we will be okay with limiting withdrawal amount. Besides that, binance will be the right choice for people who want to start trading without doing KYC because they can make a profit as much as they can, and they can withdraw their money without having a problem of KYC.

Most exchange doesn't require KYC verification if you're holding and transacting small amount of crypto. I think some of them has $1,000 transaction limit, If you go beyond that, then you need to comply and pass the KYC verification.
Another thing is, bounty campaign ain't worth the KYC verification for a highly possible shitcoin. You'll just end up risking your essential information to a random person over the internet.
Your information could be used as a tool for any fraudulent activities.

People hiding from kyc in this modern era makes me laugh because with each passing day, it becomes bleak. Its now obvious that the government's are starting to accept crypto and build their digital coin around it (e.g. China), did we think that they will allow us roam freely without a trace. When buffoon left the dark web and got embraced by the surface web, it became a kyc affair

I am sure Satoshi is well aware of the rules and regulation as he was an intelligent individual, there is nothing you can hide from the authorities and this is a new market and it will take its due time for the authorities to come up with the rules and regulations to have a grip in the market and eventually it will bound to reflect.

@ OP I am not aware of any exchanges right now which does not enforce KYC, if you are adamant you need to use decentralized exchanges like BisQ, Waves etc but the problem is that volumes are really low.

Personally i prefer the exchanges which don’t require kyc.But its very rare that exchanges doesn't want kyc.But as a small trader, i feel burden that i have to place my personal information to exchanges.So every exchange should give a chance to trade a fixed amount to trade without kyc like binance and some other big exchange.If you want to trade big amount then perform kyc.But in some exchange you can't withdraw without kyc like coinsbit.

But in dex trading you don’t require kyc or anything.But the biggest problem is that they don’t have much volume or anything.So i personally escape dex trading.
  

It is true that almost all crypto communities avoid using exchanges with KYC. Because our personal data is too valuable given to exchanges.
Although the number of exchanges without KYC is quite a lot, but we must be careful in choosing. Not all exchanges without KYC are
appropriate, select those that have real volume and are also trusted. For now I use binance exchanges, because other than binance without
KYC. Binance has many benefits that benefit its users, such as like having a lot of pairing, many choice of quality coins, complete trading
features and a sophisticated security system.

Almost all exchanges have this procedure, but it is not required. Even on top exchanges, such as Binance, Huobi, Okex, etc.

These are the 3 exchange I use most often in this market and you don't need KYC because they don't force users to do this. However, you will be limited daily withdrawals but for me, 1 day withdrawing BTC is more than enough because I do not have much money in this market. If you are a new investor, you should take the time to learn about the crypto market then choose a secure exchange.

Who's will choose decentralized exchanges to do trade, but you can control everything there.Mostly traders can use major exchanges because KYC isn’t requires for the certain amount transaction likes binance daily limitation is near 2 BTC for kycless users now it’s your wish if you will submit documents or not that's dosen is matter.                      

A thorough research first is required before giving a chance to try those exchanges that they find. Every exchanges has their own pros and cons with or without KYC it's just up to the people who will have a knowledge about of that exchanges. And I agree with you that other exchanges that aren't reputable enough should be avoided because there's a lot of case about of this fraud exchange or being hacked even the reputable one. Users/traders should choose the best centralized or decentralized exchanges that suits for them.

I think that KYC is necessary to ensure your rights when investing. Currently some major exchanges like Huobi or Binance do not force users to do this and you can withdraw more than 1 BTC per day without having to do anything. Of course only for small investors like me and if you have an amount greater than 1 BTC then you should implement KYC if possible.

Maybe not if we are only moving a small amount but I don't think if we are transferring 10BTC.
Securing KYC in some exchanges has their reason also and I can deny that I doing KYC as well but we should be making it when necessary and know also whom we are submitting it. Because if you'll find strange with that particular exchange, it for sure nobody does.

It's better to the exchange to not force their traders to pass the identity like id or anything personal . But if their withdraw a huge amount of money and they are requirinv to pass it Im not against that .

They have many exchange even the require KYC the trader needs to pass it once they withdraw a very big amount if money everyday but if it's only hundred dollars or thousands dollars they did not requried the traders.

I have installed blocknet in my laptop months ago but I have no idea if it does have a TOR network functionality.
What might dex has to add to their platform I guess is allowing users to cash out through 3rd party for fiat, this is going to be a long shot for the DEX though. 



Right now it's okay but when government start accessing their data, you may feel the eyes watching around you.

Even Binance exchange are requiring KYC I feel my identity will be safe there because that is most trusted exchange for me..
KYC is not benefits to the user of the crypto because we are not have freedome to hide our identity to tean of exchange or investment sites. But it depends to you if you agree on KYC it's good and follow it but for me I do not any choices to follow it but I don't like it.

Its not actually safe if you just think about the possiblity that the Chinese government can access these data. I'm just taling possibilities not that its confirmed but quite possible.  I'm moving to decentralize exchanges because its just not good because while adoption is gradually occuring, our data are being collected everyday. Its enought for me to trade in the low volume DEX as long as I can escape that chain.