What exchange ask for KYC?

[BitcoinHodler]

be very careful about this because there has been a lot of cases where exchanges promised to not require KYC at all and because of that a lot of traders were attracted to their platform but then suddenly they changed this exact rule and broke their promise out of nowhere and forced the same people to submit their KYC documentation for verification of their accounts or they could not withdraw the amounts they had on exchanges.

[1714731120]

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[Caladonian]

If you are going to withdraw not more than 2 bitcoin binance and coinbene will allow you, they will not require any KYC if you won't exceed to that
value, and  aside from that like what others said about dex exchange, you just need to understand the rules and the process before you go and
use it, as there's some differences from what you are familiar using centralized exchange.

You can visit exchange site and read  all the rules to find out what will be the best that suit to your need.

[joeperry]

I've been tested and used different trading/exchange platform and most of them have a Level 1, Level 2, Level 3 verification. Below are the things in each level (Not all of these are accurate and some of this is made up just to make an example)

Level 1: You need to give your full name (Cannot be changed) and you will be able to withdraw not more than 1 BTC
Level 2: KYC document like passport, drivers license, etc. and you will be able to withdraw not more than 10 BTC
Level 3: A picture of you holding your ID and you will be able to withdraw more than 10 BTC

Here are just examples I've made, you can use any exchange with only finishing the Level 1 verification and you can use any name you want but this is only for traders or investors that doesn't have big investments if your investments exceeds 1BTC then you need to complete the level 2 verification.

[mrdeposit]

I've been tested and used different trading/exchange platform and most of them have a Level 1, Level 2, Level 3 verification. Below are the things in each level (Not all of these are accurate and some of this is made up just to make an example)

Level 1: You need to give your full name (Cannot be changed) and you will be able to withdraw not more than 1 BTC
Level 2: KYC document like passport, drivers license, etc. and you will be able to withdraw not more than 10 BTC
Level 3: A picture of you holding your ID and you will be able to withdraw more than 10 BTC

Here are just examples I've made, you can use any exchange with only finishing the Level 1 verification and you can use any name you want but this is only for traders or investors that doesn't have big investments if your investments exceeds 1BTC then you need to complete the level 2 verification.

Thanks for information. If i know correctly address verification is required in order to be able withdraw more than 10 BTC. Driver license itself is not enough for passing Tier 2 level.

[nik9990]

try to use Binance, mine can output up to 2 bitcoins without KYC

[shakesbear]

I think that now many support Binance, at the moment this exchange only pleases me.

[CuriousGeorge]

I've been tested and used different trading/exchange platform and most of them have a Level 1, Level 2, Level 3 verification. Below are the things in each level (Not all of these are accurate and some of this is made up just to make an example)

Level 1: You need to give your full name (Cannot be changed) and you will be able to withdraw not more than 1 BTC
Level 2: KYC document like passport, drivers license, etc. and you will be able to withdraw not more than 10 BTC
Level 3: A picture of you holding your ID and you will be able to withdraw more than 10 BTC

Here are just examples I've made, you can use any exchange with only finishing the Level 1 verification and you can use any name you want but this is only for traders or investors that doesn't have big investments if your investments exceeds 1BTC then you need to complete the level 2 verification.

Thanks for information. If i know correctly address verification is required in order to be able withdraw more than 10 BTC. Driver license itself is not enough for passing Tier 2 level.

The rules will be different in any exchange site. Some exchange sites may ask your email and you must verify your email to able withdraw more than 2 BTC (Most of exchange sites are implementing this rule)

[Danda23]

There are several exchanges like that, that you can use without kyc , example of such is coinbene, but without kyc your withdrawal is limited to certain amount. Kyc increase your withdraw rate.

[prashanta]

Many scam exchange can ask you for KYC.Also the lagit one would ask you for KYC when you are depositing and withdrawing large amount of money for Anti Money Laundering Laws.But they will not concern if you work below 10k$ per day.

[Kulitha]

Among the exchanges that we can get full features without submitting KYC I prefer Binance is better one. You can also use decentralized exchanges without submitting KYCs. Lot of low quality exchanges asking KYC for withdraw process, So try to use always top rated exchanges.

[jho0810]

Hello there! Who knows what exchange to use in order not to pass KYC?
I mean not only to change, but also to take your money back without it

There some exchange that no need kyc like some idex, forkdelta and etc. The exchange that have some kyc is the big exchange.. So if you want to trade you know you where to trade. Just research and you can find it.

[smyslov]

Hello there! Who knows what exchange to use in order not to pass KYC?
I mean not only to change, but also to take your money back without it

All centralized exchange do KYC because they are law compliant and they do not want to get involve in money laundering, most of these centralized exchange accepts trading and withdrawing in small amount but if you are going to deposit and withdraw within their threshold then you will have to go through their KYC.

[Chachacoin17]

I've been tested and used different trading/exchange platform and most of them have a Level 1, Level 2, Level 3 verification. Below are the things in each level (Not all of these are accurate and some of this is made up just to make an example)

Level 1: You need to give your full name (Cannot be changed) and you will be able to withdraw not more than 1 BTC
Level 2: KYC document like passport, drivers license, etc. and you will be able to withdraw not more than 10 BTC
Level 3: A picture of you holding your ID and you will be able to withdraw more than 10 BTC

Here are just examples I've made, you can use any exchange with only finishing the Level 1 verification and you can use any name you want but this is only for traders or investors that doesn't have big investments if your investments exceeds 1BTC then you need to complete the level 2 verification.

Thanks for information. If i know correctly address verification is required in order to be able withdraw more than 10 BTC. Driver license itself is not enough for passing Tier 2 level.

The rules will be different in any exchange site. Some exchange sites may ask your email and you must verify your email to able withdraw more than 2 BTC (Most of exchange sites are implementing this rule)

That rule is very important in order to have full security of the funds coming from a trader so that we won't experience any sudden drop of price. Exchanges like binance strongly recommend this KYC verification same with other exchanges who wanted full control of the funds circulating, because once there's no regulation for any holders they'll easily initiate a huge dumps. If that will occur crypto market will tend to lose more value and will cause panic to holders.

[hirngespenst]

Almost every centralized exchange have KYC system. But KYC is not mandatory to withdraw your assets in some big exchanges like Binance, Coinbene, Gateio, Coinbase and many others! But if you want to withdraw more than 100K USD in a single day then you will have to pass KYC in these exchanges. Decentralized exchanges have no KYC system, though IDEX planned to ask KYC documents from the users but they move away from that decision.

[Question123]

Binance is good and you can withdraw your money without passing any kyc. You can try to make a research to know what exchanges site are don't need to have KYC and I think there is a lot of them. But not only the not implementing KYC that you need to look because you can try to make a research about the exchanges site that are good and no bad records and no problems people experienced.

[eagleman]

There are several exchanges like that, that you can use without kyc , example of such is coinbene, but without kyc your withdrawal is limited to certain amount. Kyc increase your withdraw rate.

I'm okay using an exchange that does have limited withdrawal.
It's good that they have that kind of option rather than pass on your info to them.

[AlekseyCrypto]

In general, I use binance.
The amount is 2BTC per day, so no verification is required.

Until recently, I also did, but then I was told that if there is any problem, you will not be able to restore your account. So I passed KYC.

[VanDeinsberg12]

There are several exchanges like that, that you can use without kyc , example of such is coinbene, but without kyc your withdrawal is limited to certain amount. Kyc increase your withdraw rate.

I'm okay using an exchange that does have limited withdrawal.
It's good that they have that kind of option rather than pass on your info to them.

for people with huge amount of money a limited withdrawal will become a problem since you need to wait for it not hours but a day and imagine trying to send money but you re limited and there are still so many works left. KYC is also a way to prove that you are not laundering money.

[gowobonyok]

I use an official wallet in my country, and is required for security issues. even now to improve security, loggin must use email.

[dimonarka]

I think this is normal. And each exchange must have a KYC. As for me, this is a necessary stage when registering on the stock exchange, and this may help reduce the number of scammers.