Bitcoin Forum

 Most members of this forum knows the dangers of KYC and Centralize exchanage, so will try to avoid the use of them especially when there is a decentralized alternative, in the case of p2p there is a high chance of being scammed especially when you don`t know the person, though top CEX may not be entirely secure but they still offer some protection for this. Also DEX like Bisq exchange offer protection for this and this forum also offer a place for p2p.

Question
this are the only two legit DEX I know for p2p and so I will like to know other DEX that are good for Kyc p2p ?

Dex for KYC? Or do you mean Cex?

You should know that they’re some cex out there that allows users to trade without having to complete KYC verification but the only drawback is that you’ll have a limit to the amount you can withdraw daily from the exchange and if you wish to increase your limit then you can undergo KYC verification.

Current list of exchanges without KYC (https://bitcointalk.org/index.php?topic=5414539.0)

I have heard of such CEX that KYC are abit limited although I haven't used any myself and I would also love to try out these because I am currently using Binance and my GOD the KYC requirements there is very hectic and so stressful most times because of all the recent update on the app. Although I know CEX are NOTgood for storing of coins since there is always a third party control over your coins but binance has proven it reliability to some extent when it's comes to exchanging your coins.

I guess you are asking a different question here. DEx don't use KYC but if you need to know about other DEx that is legit and reliable. You can try Agora desk. It is a centralized exchange that you will need to use KYC before you can have full access to your trade. Kucoin claims to be DEx but there is a volume of trade that you will want to do that they will ask for KYC when using their P2P.

I think you missed this up here, there is no way storing coins or funds online been good, third party control of your funds has been totally advised against. Because once the exchange or platform gets compromised, so goes your funds. Don’t be confident because of the reputation of binance, many top centralized exchanges have bite the dust in the past with peoples fund going down with them. So just like every usually say it is always NOT YOUR KEYS, NOT YOUR COINS

I haven’t used Agora Desk but they said it is a Non KYC P2P exchange according to their ANN (https://bitcointalk.org/index.php?topic=5188930.0) here on the forum, so no verification what so ever is required.



Yes they actually have levels to which there are limitations too. The highest level to which you wouldn’t submit documents is the level 1 and it is limited to trading of less than 500$ per day. Above that needs you to submit or scan documents and get verified. This thread (https://bitcointalk.org/index.php?topic=5462235.msg62654260#msg62654260) by Ratimov explains each level on the platform.

sorry mate, thats not entirely what I intend in writing, I think I missed out the NOT I wanted to add to that statement and I have duly corrected it. Sometimes we type and make minor errors and for the record I won't advice anyone to actually save their coins in any exchange as I do use them myself for only the function of exchanging your coins. For storing of assets, I think there are couple of good non custodial wallet I would prefer than a third party CEX wallet.

DEX and P2P are similar but has some difference.

DEX is an exchange where you trade your coin with someone you don't know who the person is, but you're actually trade via P2P, nothing linked with the exchange's pool. Trading via P2P, you're know the person you trade and it's really depend on the trustworthiness whether the trade is successfully or you get scammed.

This is a good site to know the DEX and P2P that related with privacy level https://kycnot.me/

Bisq is only the most recommended exchange, not the official DEX sponsored/supported by this forum. If you ultimately want to implement KYC, you are better off using CEX. They are generally legally bound at least in writing to protect user documents. DEX doesn't have that and should never ask for KYC.

Judging from various user rhetoric, not everyone is comfortable with the concept of KYC over privacy, because the user's personal data is seen and controlled directly by the exchange manager. So, if you want to know other DEX’s that are good for KYC, I think there are many available, but of course you are looking for the safest and easiest one if one thing or another happens in the exchange and it can be resolved without harming you as a user, of course, and that too if it happens from time to time.

My advice, you can try ByBit, about when you make DEPO and WD process is very fast and easy. The important thing is that you have to pay close attention to the address and network before making a depot or WD process. Yes. That's all from me.

I don't know about Bisq but a good number of these DEX are establish themselves as non-kyc required exchanges but at some point you'll find out that the no KYC is limited to a certain trading amount and withdrawal, however, when you go beyond the limit KYC verification is then required, perhaps a Dex was supposed to completely operates as a Dex, if a user was ready to give out his data he would have just settled for CEX at the first instance, right?  

As long your chosen p2p platform has a good reputation + offer escrow + you've read the common scam schemes on p2p trades, you should be fine. I've been p2p-ing for fiat <-> crypto for years and never been scammed.


Honestly, I only know BISQ. There are other platforms which claimed to be decentralized but if you look closely, they aren't so that's something to keep in mind.

I just wanna add that there are non-fully-custodial alternatives that also don't do identity verification like agoradesk and robosats. They may not be decentralized but they have taken users privacy into huge consideration.

Currently I personally mostly use p2p provided by top Cex like Binance and others. And for now I'm more comfortable with it. well, KYC is a bit of a pain but I think it's necessary for a reason. So it's not a problem for me. What I prioritize is security and speed.

But about Bisq I got curious after seeing this thread. Maybe I'll try it sometime soon. And will I be more comfortable there until I switch there and leave the P2p provided by Cex. ;)

Can you mention some of these decentralized exchanges that you are talking about, some exchanges might claim that they are decentralized, whereas they are not. Decentralized exchanges do not require KYC, but there are centralized exchanges that allow their users trade without kyc up to a certain amount, it doesn't mean that those exchanges are decentralized, neither do they claim to be, they are centralized and KYC is definitely required to trade above the limit for no-kyc trades.

I think the two CEX he is talking about are the forum and the Bisq exchange, as he stated below.

You are mixing Cex, KYC and Dex together. The reason why exchanges are called centralized is because they:
1. They ask you for your information and as a result, you must do KYC(know your customers) as means of identifying the user.
2. They give you a unique wallet address, without the private key and that makes them a custodial organization which are always not safe to use, anything can happen, you don't want them to run off one day right and because they are here doesn't mean its not possible.  I want to scare you, read more about the MT Gox exchange.

The Dex is the opposite of what I just highlighted about the centralized exchange. However, DEX and CEX both offer P2P feature where you can sell to any buyer or seller, the difference is that one Cex has act as the middle man that hold the coins while Dex doesn't hold the coins.

If I am not wrong you are looking for p2p exchange with no KYC requirement.

In that case you can go through List of P2P/no-KYC exchanges (https://bitcointalk.org/index.php?topic=5180421.0)

Also https://kycnot.me/

But the real issue with decentralized p2p platforms is there is not enough liquidity and premium prices so if you want to prioritize priavcy the the prices is going to be a lot than the market price.

I beg to differ with your understanding of a CEX. The first reason for a CEX to be centralized is because it is controlled by a centralized authority. The best example would be Binance which is completely operated by CZ and a few 100 employees. The next example of wallets is irrelevant as there are wallets like trust wallets which are noncustodial but centralized.

The simple difference between a CEX and a DEX is that a centralized exchange has someone or a group controlling its operation. Whereas a DEX is controlled by the users participating in trading on that exchange.  

Bisq is a good exchange and many members here use and recommend the exchange. Bitcointalk is also a good place to trade p2p, you can find reputable members to act as escrow for your trades. of course this two are not the only platforms to trade p2p,  read this thread by @Ratimov (https://bitcointalk.org/index.php?topic=5270416.0).

What have you said that I didn't simplify in my explanation or you want me to write an epistle about shitty centralized exchanges over decentralized exchange? Huh!
Centralized exchanges are more than what you think, more like organized crime that package their self as clean people but deep down, they do worse than what you see in the public. Didn't you see SEC and Gary Gensler running after them.

The idea of discouraging KYC is to protect privacy, you don't want your whole life to be monitor just because you want to trade a pair of Bitcoin to shitty usdt, you don't want to your account be lock one day and when you don't have the private key, you are screw as hell. Who do you run to when all this happened? Absolutely nobody and there is nothing you can do about it because it's in their terms and conditions, they could lie against you that you violate one of the terms.

Wherther custodial or noncustodial, learn to hold your private keys in your pant secretly.

Maybe you go through my reply once more, and you will understand we are saying the same thing but in different context.

Thank you @Pokapoka124 for providing the link from the thread post by @Ratimov and this, so it's very easy for all of us who are busy visiting here and there and saving time. Yes, this is very useful of course for me and other friends if there are questions at any time.

whell, I'll take my time to see it for a bit and visit it too.. ;).

Op ask for p2p service every exchanger ask KYC for p2p service. p2p trade is done customer to customer so it definitely needs kyc verification. otherwise, it will not be possible to take any action against someone who scams. And I don't know how DEX will work for p2p.  However, I personally support mandatory kyc rules for p2p services for every CEX exchange

Nope, P2P not definitely needs KYC verification in order to prevent scam, the P2P site will become the escrow since you transferred the money to the wallet integrated with the P2P site. So when the seller already give the money or coin to the buyer, the buyer can click to release the money otherwise it will automatically released as long as the seller has an enough proof if he already send the money first.

It's Agoradesk, one of trusted no KYC P2P.

I am sorry but must ask to learn these things. If there are any 3rd parties involved to escrow the funds or for whatever reason, does it remain original P2P? The original P2P is supposed to be you and me, no one else should be involved there. But, I agree that Agoradesk is better than centralized exchanges like Binance.

This is why other forum members tells us to double check or even triple check what we are going to post. Well, it's good enough that you explained why you post that instead of adding "NOT" to your post because many forum members will be able to read it and this information might be what newbies will learn when we know that storing coins on a platform that is managed by a group is not a good practice and it is not 100% safe.

https://hodlhodl.com/, agoradesk and https://peachbitcoin.com/ are P2P exchange I have positive experience for decentralized P2P aside from Bisq. Most of them has less competitive rates but worth it considering how you can dodge KYC and use a p2p platform without relying on a centralized service.

Valid point there, if there is a third party/escrow, it is not peer to peer, that is the perfect interpretation of what p2p is. Actual Decentralized exchanges like bisq don't get involved as an escrow in the trade, the two traders conduct the trade peer to peer and the both of them are in control of the funds. The only time that bisq would get involved in the trade as a sort of escrow is through mediation/arbitration, that's if there is a dispute to settle.
The forum is not an exchange, and what the op was saying doesn't happen in bisq, which btw isn't a cex.

In Binance p2p a third party will escrow your fund so that you will not run away with the fund when you receive payment, that is a way of protecting their customers. You can get scammed on p2p only when you release your fund without confirming that you have received your payment

If you live in Europe or in some other countries, you can try swiss exchanges. Because unlike many countries Switzerland has a legislation allowing people to buy or sell cryptocurrencies without KYC below a rather high amount (about $1000 per day). So you can buy or sell your cryptos there safely without the threat of a nasty KYC surprise if you respect the limits.
You can try : Mt Pelerin, Bity, Relai, Bittr, Peach
https://www.mtpelerin.com/faq/how-to-buy-bitcoin-in-switzerland

Most of those DEX are not working in Mobile phones and the total number.of people that use bitcoin are using mobile phones so the number that use those DEX are not much to the CEX because most of the CEX are using Android Version. Like in my country we use the CEX more. Me personally have tried to download of the DEX but they don't work even in the laptop. though I was told that it is because of the OS version in the laptop. Since you are talking about how to avoid CEX, you can use p2p transaction in your side. With that there will be no KYC.

People use mobile devices more than desktop or laptop and developers know that.

If you are old, you would prefer desktop but if you are young, you would like mobile devices. I do neither use my mobile devices to store my main wallets nor use it to trade with my exchange account that has big capital of mine. It's risky in security, privacy as well as safety for my capital. With small screen on mobile devices, there are more risks to make mistake with your typing, tapping, trading.

Not all decentralized exchanges require you to download their softwares. If you download and use them on your computer, always use Tor connections.

The only p2p platform that I use is RoboSats and that is for a number of reasons.

1. You can run it completely within the Tor browser. No need for an entire software download that only does one thing like Bisq. This is NOT a dunk on Bisq at all. Bisq is a great service but Tor browser is more than just a p2p exchange.
2. You can easily generate and destroy a robot alias/username. In fact, just like bitcoin addresses, RoboSats aliases are best when they are only used once. This is an incredibly important feature imho.
3. You can buy with more payment options than other platforms and if you use Amazon gift cards, you don't need to email it to other users. You can give them the code directly so you don't have to worry about email ID being leaked.
4. You can receive on-chain or on lightning. Using LN can add a layer of privacy to your buys.
5. Smart contract maker bonds are used to minimize the need for trust in centralized third-parties and reduce spam and other bad actors.   
6. After you have completed a trade, you can delete everything and start all over again. It's so beautiful.

Once you have used it enough times, you realize that it truly is the best way to stack sats privately.

Learn more here: https://learn.robosats.com/
View their order book on clear net: https://unsafe.robosats.com/ This is not private at all so don't make trades unless you're using the Tor browser.