Bitcoin Forum

I know about Binance and Kucoin, both of the exchanges allow a maximum of 2 BTC transaction or equivalent per day for the NON-KYC users. Any other exchange with such limit of 2 BTC or more? Please don't suggest exchanges who are very new or with so poor reputation.

Certainly Binance is your best option. They are an honest business I have never seen anyone complaining about locked funds or whatever due to kyc

I have already withdrawl some amounts from my binance account and I never did any KYC.

I would certainly avoid other services unless you have to use them (such as a different altcoin which is not listed in binance)

Yeah, that's the thing--there aren't that many reputable exchanges out there that don't do KYC anymore.

OP, are you trading altcoins or what?  If so, I've used SouthXchange (https://main.southxchange.com/) in the past for Gridcoin, and I've never had problems with them.  I don't know about their withdrawal limit, but they don't require KYC.  But other than the instant exchanges like Changelly and the rest of them, I can't think of any. 

Yobit comes to mind, but it all comes down to whether you trust them or not (and I also don't know what their daily withdrawal limit is).  We're moving away from the crypto exchange frontier that we enjoyed for so long, and I find that unfortunate but that's the way it is.  Good luck in your hunt.

You can check out this thread for some reference with other exchange platforms https://bitcointalk.org/index.php?topic=5079048.0

Best choice would be on Binance and Kucoin due to their 2 BTC daily withdrawal limit and no other platform would be giving out such offer.

I have seen that exmarkets does have 10k Euro limit per day which is also recognizable but not really heard much of this platform.

I'm not sure if you consider HitBTC one of those exchanges with so poor reputation-- you probably would-- but just so you know it has 1 BTC daily and 5 BTC monthly limits for non-verified users. As already pointed out by The Pharmacist, we don't have much decent choices nowadays. KYC has somehow become a trend and we are at the mercy of centralized exchanges.


Apparently, Binance is the best option. However, its reputation is far from unsullied. Months ago, there was somebody here who complained about having his/her funds suddenly locked and compelled to undergo KYC even though the user only tried to withdraw an amount much lesser than the non-KYC limit of 2 BTC.

I would like to mention Nominex Exchange. 3 BTC/day can be withdrawn without requiring KYC. Newly but good customer support and there's a chance you can reduce trading fees upto 50% when using their native NMX token. Indeed holding good reputation but do your own research..

https://nominex.io/en

Everyone should avoid Kucoin for the time being. According to this source, he had an account approved by using fake identification and photoshopped images. I speculate Kucoin might become stricter in their KYC policies on verified and unverified users.

https://i.ibb.co/PWrX53t/DCDE3070-5389-4-E11-9-EBF-6-BD246-F19-C35.jpg

Borat: Make Registrations on KuCoin sexchange for make Benefit Glorious Nation of Moonlambostan

CHENQUI. in travels to US&A, i hear at thanksgiving from normie that bit coin make his chrum pump money. Kazakhstan Ministry of Information send me on mission to capture Bitcoin gypsy

in quest to make sexy time with Bitcoin gypsy, i learns from influencer with paid group that to capture Bitcoin, i must make a registrations on exchange. wise influencer send me referral link to exchange name KuCoin, worlds most secure cryptocurrency exchange, great success

KuCoin KYC wizards make pass of Borat. high five! now i can trade from computer right here in us&a, all i need do is register google magicians to greatsuccess4handrelief@gmail.com and take selfie, wawaweewaa! this exchange actually runs kyc documents PAUSE NOOOOTTTTTT

Source https://twitter.com/raindropactual/status/1332529415658475523?s=12

HitBTC.com is big scam.

they say they allow 1 btc per day, 5 per month for non-verified users.

but i used it only for 0.25 btc (below daily limit) and the locked my account and asked for KYC.
after i provided all documents (passport, driving license, selfy, proof of address,..etc), they asked for source of funds, they asked for documents for person who sent me bitcoin. this was crazy impossible request to cover their scam action.

here are more details about my case :
https://bitcointalk.org/index.php?topic=5290702.0 (https://bitcointalk.org/index.php?topic=5290702.0)

Go with Binance. Split up your trades over a few days if necessary.

There is no point shooting yourself in the foot by going with an unregulated exchange that may offer a higher limit or no limit at all for non-KYC users. Things will look fine and dandy until they aren't - take a look at HitBTC, Yobit, etc.

These exchanges will ask you to KYC eventually without warning, citing their ToS. But what they're really looking to do is to appropriate your funds and to hold it indefinitely.

Stick with Binance for now. And as others said, even Kucoin may not be the greatest choice atm with their fake ID debacle.

whose good reputation? Nominex, more than suspicious. They have 100 years plans  :D
Check here NOMINEX - cheating hunters by delaying payment for THREE years (https://bitcointalk.org/index.php?topic=5292574.0) they chose a very bad way to manage this problem
Also, check his trust rating: https://bitcointalk.org/index.php?action=profile;u=2704636

You can never go wrong with Binance. Having that 2 BTC limit and with today's price that's $37,000 per day as a limitation. That's already a good deal and they're honestly doing that.

How about this?

https://bisq.network/

@sunsilk. I would be careful on Bisq. We do not know where their bitcoins came from and also where their cash came from. Exchanges or the bank can freeze your account for suspicions that your coins came from the darknet or the cash is from a suspicious source.

Famous last words. :-X


Yep, but unfortunately all good things come to an end. I'm confident this will be the last bull market cycle where massive exchanges (Binance, Bitfinex, etc.) keep getting away with no KYC. Enjoy it while it lasts!

I just hope we get one solid altcoin season before Binance finally caves in. That's all I ask! :D

Don't you have to take a selfie holding your ID too?, did the person also photoshop that and sent it to Kucoin?, because if really there's no requirement for taking a selfie while holding your ID it would be just too easy to verify using fake info.

But to be fair just because they're taking it easy for their users for KYC verification or they just simply clueless and don't recognize fake documents and photos, it doesn't necessarily mean they are untrustworthy, these rules comes from the jurisdiction in which they are located and they probably just want to show them they're following their rules and because of that they just don't pay too much attention to details when they receive these KYC documents.

@XZERO1. It might be this one.

https://i.ibb.co/z7zfZ4X/9530-E3-A7-E4-AF-4504-B636-B4-E492-E0-BE29.jpg

In any case, it might not be to make it easier for the users. KYC verification should be under very high scrutiny or money launderers can verify many accounts for their operations.

I speculate that this might be incompetence.

Which is still very possible and most probably done until now. Technologies relating to biometrics have definitely advanced a lot with the use of AI, 3D analysis, and so on and yet it seems fake KYC is still easily passed. KYC with the use of fake identities and fake documents is not gone at this point. It is still rampant.

This has a point but what others are liking about it is that it's decentralized. Well, anyway it's up to them and they could have thought of this scenario. The banks are always suspicious of bitcoin transactions once deposited onto their customer's account.

Yes, they could change this rule soon but as long as it's there, we don't have to stress thinking about that change in the future.

I refuse to believe that they actually looked at that picture and said you know what? he seems legit, I'm going to verify this one.

If that person got verified using that selfie I'd say they definitely did not looked at the selfie photo at all, there's a chance that they do these verifications at least in part using some kind of an automated system so there's no human interaction to recognize things like this, and I agree with you that they are obviously showing incompetence and they probably doing the verification using automated systems so they don't have to pay any extra and hire an actual person to do that.

I have followed this nominex case. They have problems with their promoters just because of the ridiculous defi trend.

If @op wants to add this exchange to his list for good reason, that's fine considering that 3 BTC is a high value that no other major exchange will offer. So far nominex has had no issues with customers. However, the above case also need to be considered as a sign that they have shown their injustice at the start. Just imagine, they issue KYC requests out of the blue because of the regulatory trend.

Do not expect that just because you stay below a limit they won't hit you with KYC. It's entirely their call. I see lots of whining from people being frozen who said they were below the limits.

If somewhere had this KYC/ non KYC hybrid I wouldn't bother without doing verification. Preempting it is a whole lot less ball ache than having it hit you out of nowhere.

Agreed and my biggest argument on this is incompetence if criminals and all the other dirties can have Borat verified as a real user.

However, the skeptical me is also thinking that many exchanges in the cryptospace allow this for special accounts as part of a global moneylaundering ring very similar to HSBC and others.

@Darker45. This is part 2 on getting another approval with a fake identity on Kucoin. This time this is a very clear fake. He was using Taylor Swift's name and in his pictures he has a beard hehehee!

He also has gotten approval for 1st tier on Huobi. The incompetence of these exchanges is comedy.

https://i.ibb.co/pf5GKwx/0-D2539-BB-3-EE8-4-CF9-8878-FF6476010-BE6.jpg

https://i.ibb.co/sWWbSSt/F119-FB03-4966-4-BF9-AE18-CA0-CBA36-E28-C.jpg

Source https://twitter.com/raindropactual/status/1336820474999955461?s=12

Because, in the first place, KYC is a comedy. I bet it is not only KuCoin and Huobi that would fail on this.

I don't know how these companies verify names, addresses, documents, IDs, and so on. Others claim that they have a system that detects fake documents. I highly doubt it. I guess what they have are simply technologies that would only analyze facial attributes and compare that of the video or photo with that of the document. Now, if you have made a fake document based on your made-up face, you would probably pass KYC.

How would they know that the user is using his/her real name? They wouldn't. For as long your fake documents bear your fake name, you're good to go.

Apologies for the off-topic, OP.

@Darker45. This is why I speculate that Kucoin will begin to become stricter on their users and have adviced to avoid it for the time being because users might have a difficult time on withdrawals without warnings or announcements. Also now Huobi.

which is exactly why i'm not thrilled about these pranks---they damage exchange credibility in the eyes of regulators, which can only result in more rigid AML/KYC policies. it's all fun and games for twitter shitposters, but it's not funny at all for unverified users at places like binance and kucoin. we're all just waiting for the hammer to come down at this point.

kucoin getting hacked a few months ago may actually play in our favor, in the short term. they are still desperate to prevent a mass exit of users after that fiasco, and they are also intent on taking on new customers who are currently leaving bitmex and deribit.

so i'm thinking there may still be some time. by the end of 2021 (if that) though, i'd be really surprised if binance and kucoin are still allowing unverified users.

Or is it that these pranks are only showing the reality of KYC? That it is essentially absurd; that people could actually circumvent it. It seems to me that Borat's pranks are not really damaging the exchange's reputation; they're merely uncovering it. Beneath what seems to be an effective AML/CFT initiative is actually a joke and Borat is showing it in what could perhaps be the most effective of ways.

We will certainly be at the receiving end of this. But the thing is it is either we will continue with all this farce or set it straight once and for all. Or why not remove it altogether? It is either exchanges will continue to comply with this rule even if the launderers and terrorists are actually finding a way around it or do it in a way that prevents those which need to be prevented.

@Darker45. I am quite certain all cryptocoin exchanges would remove KYC to reduce expenses and workload and also to increase users and revenue. Their concern is only being compliant with the regulators. I reckon exchanges do not really care if El Chapo, Borat or Taylor Swift laundered money through them.