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Author Topic: Did I can make platform without KYC verification  (Read 409 times)
wajik-tempe
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June 08, 2023, 08:29:20 AM
 #61

But for building your own platform its better required with KYC how to protect your costumer transaction and most important with money laundering.

I agree, If you are thinking of creating your own P2P trading platform, you should consider implementing KYC requirements. KYC helps you to verify your users' identity, minimizing the possibility of fraudulent activity and improving the overall security of your platform. You may establish a trustworthy environment for P2P trading, protect your users' interests, and help to the prevention of criminal activity in the bitcoin arena by following to KYC standards and adopting rigorous security measures.
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June 08, 2023, 08:33:47 AM
 #62

There are certain exchanges that allow withdrawals without KYC, but only for a restricted amount. A KYC is required if you wish to increase your withdrawal limit. Kucoin is one of the exchanges that does this. I am confident that if given the opportunity, we will pick non-kyc exchanges, which is what everyone want. If you run a non-kyc exchange, it is unlikely that you would attract a large number of users right away because it is a new exchange. It will also be harder for you to be accepted utilizing your exchange globally, as KYC is now required to stop fraudulent activity.
Since several exchange required KYC for withdrawing and trading, there is has several exchange support withdrawing without KYC but limited withdrawing in daily day under 2 BTC depend on exchange market kinds. Have new regulation later when exchange available withdrawing without KYC finding fraud or abnormal activities required KYC for withdrawing.

Its not matter have uploaded document ID with exchange required for KYC because they have been guarantee with our document keep secure without publish, but if want document ID privacy better use the exchange market not required with KYC but have ready with limited withdrawing in daily day under 2 BTC.

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June 08, 2023, 01:42:42 PM
 #63

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime
Decentralized platforms never demand KYC from customers.  So I think you are talking about those platforms which are decentralized. There are many decentralized exchanges where you can secretly exchange crypto without any kyc verification. But I doubt if you will get P2P facility there. on DEX you can swap your tokens just by connecting your wallet.  But if you want to get p2p facilities then you must use Cex and there KYC is mandatory



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June 08, 2023, 02:07:08 PM
 #64

This is a very huge GRAMMATICAL ERROR, please try to fix it so people can understand what you are trying to say. Because while i was trying to read i just can't stop laughing  Grin Grin. But to my understanding i know what you are saying tho.

I'm trying to understand the OP's intent well.
In order to use the exchange, users need to register a crypto address as well as a bank account where their deposits will come from or withdrawals will go to. These two things will be continuously intertwined.

A solution without kyc verification in this situation I think can only be implemented if exchanges and banks cooperate with each other to share user identities.

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Awaklara
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June 08, 2023, 03:20:25 PM
 #65

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime
Decentralized platforms never demand KYC from customers.  So I think you are talking about those platforms which are decentralized. There are many decentralized exchanges where you can secretly exchange crypto without any kyc verification. But I doubt if you will get P2P facility there. on DEX you can swap your tokens just by connecting your wallet.  But if you want to get p2p facilities then you must use Cex and there KYC is mandatory
not all centralized exchanges also require KYC. some may require several different KYC levels for larger withdrawals. whereas transactions with small amounts do not require KYC.
but most centralized exchanges do prioritize KYC, especially exchanges that do have a P2P feature that allows users to transact with other users.
somehow I feel that currently KYC is no longer taken into account by many exchange or gambling platform users. except for those who refuse to give their data to any party.

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