Bitcoin Forum

Like how Binance used to be before they implemented mandatory KYC not too long ago?

FTX.com doesn't require KYC, but you're capped at $2000 withdrawals every 24 hours. Lower withdrawal fees as well, with free withdrawals on Solana and SPL tokens. Binance has been around longer, but it could be argued that FTX is a bit more reputable.

Kucoin.

1 btc limit per day for unverified users.

--> https://www.kucoin.com/news/announcement-regarding-the-adjustment-of-daily-withdrawal-limit

Almost every exchange today will ask KYC. The reason why they won't ask is if you are not going to exceed the limits on the withdrawal amount. The only you could do it if you are going to withdraw a huge amount I guess is on DEX.  The DEXES however are more on ETH.


1BTC for unverified users is good enough to use comp[are to binance that you are only allowed with 0.06BTC. The majority I guess allows 1BTC except for binance.

FYI, you can't trade anymore on Binance if you are an unverified account holder, all you can do is withdrawal which is even capped at 0.06BTC so this is not what OP is looking for.

FTX is a good choice which is getting more reputation now due to the KYC change of Binance so OP can go with that.

Perhaps latoken since i dont have problems with this platform for how many months and the support is really doing their job. No KYC and complete features as well like binance, but they don't have BNB only to trade.. Actually there's more exchanges but i forgot the names.. If i were you if you want to obtain more information i suggest to go and watch some feedbacks of some popular influencer around youtube wherein about some exchanges that until now don't have KYC requirements, maybe it can help.

Which majority?

btw to get specially lower withdrawal fees i wanna deposit in ftx exchange, btw i see difficulty there, i can not make deposit for asking kyc.
than i submitted kyc and it's reviewing 20 days till now there are no response to exchange.

Not sure what you're trying to say, but if you meant that you can't submit without KYC, then you're probably currently residing in the United States? I've been using it for a while without the need of AML/KYC for a while now.

Any particular reason why you prefer FTX over Kucoin?
Kucoin seems to be more talked about (and praised)

i mean i can not deposit without kyc than i submitted kyc information properly btw identity verify not approved even over 20 days. i'm not from united states.
 
please check the picture below, there are no deposit option without complete kyc verification.  
https://i.imgur.com/HPx6cyp.png

Maybe, it really depends on where you reside with ftx. Why not try kucoin? I've been a user of this exchange and trade here from time to time, without any problem. Though as mentioned in another post, they already reduced to 1 btc, which is actually still very much ok if you are not a big trader. Most of the exchanges now are requiring KYC. There's another exchange  -nominex.io, their withdrawal limit is 0.1BTC for unverified users, traded in few times here, no encountered any problem.

Dex like sovryn on rsk for bitcoin , renbtc  is also decentralized if you do not want to kyc. For ethereum, uniswap got you covered and many tens of dexes on ethereum network are there to be used. Defi is another form of trading and investing. Just review most of the services available and trade anonymously in a decentralized environment!

I don't like the UI of FTX but the fee on that exchange is very good.

Blockchain Deposits and Withdrawals (https://help.ftx.com/hc/en-us/articles/360034865571-Blockchain-Deposits-and-Withdrawals). You are correct. Last year, when Ethereum network had high gas price, FTX was waiving transaction fees on this blockchain.

They attracted people to use their exchanges for ETH and ERC20 token transactions and built up their reputation, expanded their customer population. It is a successful strategy from FTX.

Cryptowisser.com (https://www.cryptowisser.com/exchanges/) provides Taker, maker, withdrawal fees.

There are few left on exchange platforms that don't have to require KYC upon on trade and also in withdrawal.  In picking it might you face hard enough to choose and I think each one of us has a preferred exchange especially when it comes to the number of total coins supported.

IMO, these Bybit and BitFinex exchange platform have a feature that I liked, AFAIK, Bybit exchange no limit of withdrawal (I don't know if it has changed, DYOR) and Bitfinex has a maximum of 2 Bitcoin withdrawal daily for non-KYC and 100 Bitcoin for complete KYC seems the same of Binance before.

So now reputable, it's hard to explain for me but based on my experience of those two trading exchange platforms before, so far it has smooth transactions.  Still, DYOR is the best priority after all.

i checked ftx location restriction list and i see no restriction to use my location, trying to contact with support to can solve the problem.
i am users of kucoin exchange for long time. it's great exchange without kyc even as per as high security.

lately I've been trying to do without cex exchanges, because the recent mandatory verification on binance is still not good news, I advise you to use dex exchanges when you always have your coins and tokens in your wallet, and don't worry about blocking your account, as it happens in cex.

I also experienced something like this, unable to make a deposit before completing the initial KYC, such as full name, address and ID card and required selfie photo.

Currently, almost all major exchanges implement KYC to enjoy its full features and KYC has also become mandatory. This is to find out who the exchange users are.

Nothing, really. It's really just because I already had an FTX account and that I'm a bit of a fan of the founder.

Yep, I've always complained about FTX having bad UI/UX because it's too cluttered. But if you have used any crypto exchange in the past, you shouldn't have any problems using FTX.

What about kucoin?

$2000 withdrawal limit is good for me because probably I'm not that big trader but if the OP really do like to play on reputable exchange site I think it's worth to pass KYC, one good reason is for the security of your account and your fund for me I don't mind passing KYC in Binance since it is reputable and safe exchange site.

As long as there are such high commissions in the Ethereum network, it is impossible to do without centralized exchanges. And those decentralized exchanges that use alternative blockchains with low fees will greatly limit you in choosing a coin for exchange.

If OP is a fan of margin trading, then the exchange bybit.com will be the best choice for him.

There's no longer unverified users in Binance.

If you're unverified then you can only withdraw and you can no longer trade there. That's if it's about no-kyc then I think kucoin is now the choice of most.

I prefer Kucoin because it does not ask for KYC. It is not mandatory there. There is also a good limit to withdrawal. I am using Kucoin without KYC since 2021, but I have not found any issue with any matter.

https://www.mexc.com offers no KYC with max 5 btc limit thats a huge amount compare to other exchange. Im using this exchange since last year and so far so good, volume is also huge in top coins, see some reviews first depositing huge amount of crypto.  

Their maybe many exchange as like you said.But 80 percentage of company which doesn't required of kyc will scam people at the end.So better go for the company which ask kyc for the transaction.It's my advice and not asking to follow this.If you like my advice, you can follow it. I am sure, it will be helpful to you. Because kyc asking exchange will be transferent.

Most reputable exchange now needs the user to fill KYC. If you really want to avoid KYC, DEX is the best choice and you can select from PancakeSwap, Biswap, or other exchanges on Trust wallet. From that, you can trade inside the wallet but I am not sure about the fee of trading because that can be bigger than CEX. I think KuCoin accepts the basic verification so you can try that.

With FTX are you verifying to be a level1 or level2 verification? With level1 you need to put in your phone number and it sends you a code to confirm. This is how they kyc you. You need to use your real number because it needs to match your location and everything.

The fees for withdrawing are free for Bitcoin. For Ethereum they can be free if you buy and stake some FTT tokens. Then you get some daily free withdraws. Which is a big plus now since fees are like $50 per withdraw.