Bitcoin Forum
May 24, 2024, 04:28:49 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: Which will be best non-KYC exchanger after Ku-coin?  (Read 857 times)
BlackHatCoiner
Legendary
*
Offline Offline

Activity: 1526
Merit: 7421


Farewell, Leo


View Profile
July 25, 2023, 05:16:00 PM
 #81

There are none, with rare exceptions.
I don't want to hold or trade something that has no utility. It's just a principle I live by, where I only want to possess items that truly demonstrate their value and usefulness. This can be extremely challenging sometimes, especially when it comes to things beyond cryptocurrencies. Verifying whether a habit or a product is as useful as I imagine it to be is an ongoing process. It challenges my values and reminds me to prioritize what truly matters every day.

The whole point of the altcoin industry is to force the crowd to buy some kind of shitcoin, while seasoning it with some kind of another legend about utility, breakthrough technology, solving some global problems and other nonsense.
Why would I want to be involved in this fraudulent scheme? Acknowledging it serves no real purpose and is just a scam with fancy-sounding words, making money out of it means being part of the deception too. I believe screwing my morals in such a way is probably one of the last things I would do when I'm in need of money.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
BlackHatCoiner
Legendary
*
Offline Offline

Activity: 1526
Merit: 7421


Farewell, Leo


View Profile
July 25, 2023, 05:58:24 PM
 #82

You either come into business to earn money, or you pretend that you have a lot of moral principles and are left without earnings.
Calm response: I'm not pretending I'm having moral principles. I'm not a hypocrite of that kind. I'm actually living by some morals, lots of which I wouldn't compromise for a short-term profit. While I hadn't considered cryptocurrencies from this perspective before, observing the altcoin industry and recognizing that I don't truly value what I own, getting involved into that market for profit only would be a moral compromise.

But then I suggest that you give up everything altogether, from fiat money, from banking services, because these are also a kind of fraudulent schemes where some are deceived, and others earn money on it.
I mean, completely irrelevant? I cannot control how fiat currency works, nor do I have the expertise to; I'm living in a world where it works as is, and I'm forced to use it. However, I'm definitely not forced to attempt to profit from purposeless, financial schemes.

.
.BLACKJACK ♠ FUN.
█████████
██████████████
████████████
█████████████████
████████████████▄▄
░█████████████▀░▀▀
██████████████████
░██████████████
████████████████
░██████████████
████████████
███████████████░██
██████████
CRYPTO CASINO &
SPORTS BETTING
▄▄███████▄▄
▄███████████████▄
███████████████████
█████████████████████
███████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
███████████████████████
█████████████████████
███████████████████
▀███████████████▀
█████████
.
sotelorene
Member
**
Offline Offline

Activity: 224
Merit: 15

Eloncoin.org - Mars, here we come!


View Profile
March 28, 2024, 08:17:15 PM
 #83

The initial plan of any exchange is to make profit and a situation whereby the number of people and the coin they have earned is too much for the exchange they won't have any other choice than to come up with the KYC because they know that everyone can not pass the KYC this strategy help them to minimize their rate of loss. That's why most exchange won't talk about KYC till they start experiencing what  is been mentioned above.

ElonCoin.org    ElonCoin.org    ElonCoin.org     ElonCoin.org     ElonCoin.org    ElonCoin.org    ElonCoin.org
●          Mars, here we come!          ●
██ ████ ███ ██ ████ ███ ██   Join Discord   ██ ███ ████ ██ ███ ████ ██
Pi-network314159
Full Member
***
Offline Offline

Activity: 224
Merit: 155


View Profile
March 30, 2024, 01:39:41 PM
 #84

As we all users of kucoin have knows the news of Ku-coin putting the KYC verifications mandatory for all users on 15 july 2023.
Ku coin was one of my favourite reliable exchanger specially for the non kyc system. But now they are also putting kyc mandatory ,
So I need some suggestions Which can be a reliable non kyc exchanger like kucoin?
Kyc is mandatory in all centralised exchange. There is no cex that don't require kyc. If there is no kyc how will they be able to trust you in P2P the reason for centralised exchange is to link 2 or more people together in P2P so each one of them can sell his coin to receive cash. Why the other send cash to receive coin so there must be a third party who will help them achieve it and that is the reason they need your kyc to know you more better to avoid fraud. Even if any vex don't accept kyc today may E in the future they wiil.
dimonstration
Hero Member
*****
Offline Offline

Activity: 2604
Merit: 660


CoinPoker.com


View Profile
March 30, 2024, 01:54:40 PM
 #85

The initial plan of any exchange is to make profit and a situation whereby the number of people and the coin they have earned is too much for the exchange they won't have any other choice than to come up with the KYC because they know that everyone can not pass the KYC this strategy help them to minimize their rate of loss. That's why most exchange won't talk about KYC till they start experiencing what  is been mentioned above.

This is absurd, people should read always the terms and conditions of any crypto services. This naive excuse of people will lose funds because they can’t do the KYC is really dumb when we are talking about centralized exchange that accepts fiat deposits.

I will understand this part if the exchange is DEX since people only trade with crypto without fiat involvement but CEX is different because it has license which means they are obligated to follow the law. KYC is not a strategy to hold user funds but rather a compliance to the law for the business sake.

Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!