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Author Topic: trade without id verification?  (Read 1800 times)
sheenshane
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December 29, 2018, 04:38:49 AM
 #21

hi i was just wondering if there where any crypto exchanges that dont require lots of verification i registered with coinbase and within an hour i was getting phone calls soliciting me with services is there any exchanges that just let you email verify like bitmex does and lets you trade between altcoins? thanks
Mate, there's a lot of exchanges site that decentralized and no need for KYC verification. You can research your own in Google for a better explanation to that exchange. I was confused if the statements above are through regarding Binance and other exchange then, they were right that site is most likely chosen by the traders. I was found out the top volume exchanges list are namely Binance, Kucoin, Bibox, HitBT, Coinex, and BitForex. The number one mentioned is Binance so I must prefer on that exchange.
Try also to visit EOS exchange, it is a decentralized exchange that needs only Gmail verification for minimum withdrawal, they building good progress right at this moment.

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December 29, 2018, 05:56:45 AM
 #22

As long as i know, the KYC procedure is not mandatory in most exchanger, just few that make KYC mandatory, but if you were big trader with cashflow more than 2 BTC daily, i think you must do KYC to prevent the money laundrying. Some exchangers make special rules for anyone who wants KYC to get certain rewards, only limited to their marketing strategy, you can still choose whether they want KYC or not.
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December 29, 2018, 07:35:00 AM
 #23

I think there are many markets that don't need ID verification such as binance, hitbtc, hotbit and others that don't need kyc but there is a limit if you want windward

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December 29, 2018, 09:12:54 AM
 #24

hi i was just wondering if there where any crypto exchanges that dont require lots of verification i registered with coinbase and within an hour i was getting phone calls soliciting me with services is there any exchanges that just let you email verify like bitmex does and lets you trade between altcoins? thanks
Only you ned KYC when limit per day exceeds so if you are doing lot of trades ebery day you should be ready to provide your personal details to the exchanges for now exchanges like binance will allow you upto 2BTC trading per day.
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December 29, 2018, 11:33:23 AM
 #25

I think there are many markets that don't need ID verification such as binance, hitbtc, hotbit and others that don't need kyc but there is a limit if you want windward

KYC will help us too if at any time we have a problem with our account. So, it would be better to follow the rules they apply. I traded on my local exchange for more than 2 years and it required me to do the kyc from the beginning. The policy in regards with kyc may differ from one exchange to another and yes there are some exchanges that didn't require us to do kyc but the policy could be changed at any time.

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December 29, 2018, 12:52:21 PM
 #26

As long as i know, the KYC procedure is not mandatory in most exchanger, just few that make KYC mandatory, but if you were big trader with cashflow more than 2 BTC daily, i think you must do KYC to prevent the money laundrying. Some exchangers make special rules for anyone who wants KYC to get certain rewards, only limited to their marketing strategy, you can still choose whether they want KYC or not.


KYC should be mandatory so that there is no money laundering and other such illegal stuff. I wonder why people hesitant to do KYC when they have no intent to do anything illegal. KYC can really be beneficial for both the exchange users and exchanges themselves.

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December 29, 2018, 12:59:02 PM
 #27

I often trade in the binance market and it does not require verification of ID only emails, but it has a limit for Withdrawals, which is only 2 btc every 24 hours and if you verify your ID you will be able to make 100 btc Withdrawal every 24 hours

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December 29, 2018, 02:10:27 PM
 #28

Many people's already mentioned about Binance. Yes you can trade safely with Binance even though your account isn't verified. But there is withdrawal limits per day 2BTC. I think withdrawal limits enough for you because look like you are still beginner. But you must active 2FA before withdrawal, it should be mobile verification or Google 2FA. That's enough for you, and there is mobile applications so that you don't need to login every time. But I don't know why you are discourage to verify trading account. It's safe for you, in case your account hacked or lose 2FA code then you can't recover your account. If your account verified then you can recover your account. So I will suggest to verify your account for safety reason.

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December 29, 2018, 02:36:43 PM
 #29

hi i was just wondering if there where any crypto exchanges that dont require lots of verification i registered with coinbase and within an hour i was getting phone calls soliciting me with services is there any exchanges that just let you email verify like bitmex does and lets you trade between altcoins? thanks

I can't recall any exchanges that I registered who send me phone calls  Huh
Maybe you input you're mobile number on other elses website. Also, verifications on comes to increase the limit of your account. Normal trading activities with no more than 2BTC is okay but If you are trading more, then you need to deal with verifications because that's the exchanges job to do so.
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December 29, 2018, 03:02:34 PM
 #30

Prime XBT (https://primexbt.com) is a new crypto trading platform that has no KYC and no maximum withdrawal.  Also offers margin trading with up to 100x leverage, short selling and a variety of order types.  The main crypto-assets are available to trade (bitcoin, ethereum, litecoin, ripple, eos & bitcoin cash) with aggregated liquidity from 12 top exchanges for instant order execution.  It's launching any day day now, but at latest by end of January-2019 apparently... and looks to be of a really high quality. 

As an introductory offer the first month is free of any trade or commission fees + sign up is meant to take less than a minute Smiley 

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December 29, 2018, 03:08:29 PM
 #31

My friend ever told me 4 years ago where he trade on poloniex, he never require KYC when withdraw.
But recently, it become require also bittrex. I'm sure that they are renewed their policy against crypto.
So for upcoming exchange, I'm sure there will be more that require KYC include Binance , only time will answer !
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December 29, 2018, 03:23:16 PM
 #32

KYC should be mandatory so that there is no money laundering and other such illegal stuff. I wonder why people hesitant to do KYC when they have no intent to do anything illegal. KYC can really be beneficial for both the exchange users and exchanges themselves.
Do you even know what is anonymity? There are some people that willing to keep private and they don't want to share their ID even to trusted sites because they feel in the future exchanges could use their ID for criminal crimes. Yeah it's useful but it's not mandatory yet.

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December 29, 2018, 06:25:03 PM
 #33

hi i was just wondering if there where any crypto exchanges that dont require lots of verification i registered with coinbase and within an hour i was getting phone calls soliciting me with services is there any exchanges that just let you email verify like bitmex does and lets you trade between altcoins? thanks
There are really very few places that insists on KYC to be honest, the big ones like global trading type of ones do require stuff like that to go with the laws of certain countries but if you look at more smaller and local places there is none of that going on, if you look for localbitcoins for example you can get any type of bitcoin or sell yours to anyone without even giving your name, let alone any further information.

It is really just two edge sword for everyone involved, if you do not want to give your identification to anyone you need to keep the amounts low but if you want to invest a lot it requires you to give your identification most of the time but that's good because makes things more legal for someone who does a big amount of trading. I would say if you have over 5+ bitcoins it is great to have your ID verification because you need to be using secure and legal ways to make sure your balance is untouched.
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December 30, 2018, 03:27:21 AM
 #34

most trading exchanger is asking for kyc and others maybe not .. for me it might be better if every trading way should be of the kyc just for the sake of everyone to also avoid scam because of this not you'll immediately be amused because you have the verification id displayed. and wherever you get money you really need a kyc. so we just have to use a good kyc for everyone.
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December 30, 2018, 04:15:55 AM
 #35

As long as i know, the KYC procedure is not mandatory in most exchanger, just few that make KYC mandatory, but if you were big trader with cashflow more than 2 BTC daily, i think you must do KYC to prevent the money laundrying. Some exchangers make special rules for anyone who wants KYC to get certain rewards, only limited to their marketing strategy, you can still choose whether they want KYC or not.


KYC should be mandatory so that there is no money laundering and other such illegal stuff. I wonder why people hesitant to do KYC when they have no intent to do anything illegal. KYC can really be beneficial for both the exchange users and exchanges themselves.

KYC verification, in any case, is the completely opposite of decentralized cryptocurrency nature. There are people that prioritize their anonymity and privacy, and KYC verification taking away both of it. People really need to educate themselves about the underlying technology of cryptocurrency, and what its mean to be created.

It is a sad fact that the community of cryptocurrency does not aware about their own privacy and anonymity. People are trading their identity only to be able to participate a bounty or ICO, and only to trade their coins.
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December 30, 2018, 06:55:35 AM
 #36

hi i was just wondering if there where any crypto exchanges that dont require lots of verification i registered with coinbase and within an hour i was getting phone calls soliciting me with services is there any exchanges that just let you email verify like bitmex does and lets you trade between altcoins? thanks

Mostly 1 to 2 bitcoin is the limit for in and out.
There is one though without limits. Idex. Problem is, it is only for ETH and ERC20 tokens.
If you are only doing it to trade or have fun then that could be your answer. Others will really take you to verifications since they are also following country rules and regulations.
They cannot continue their business if not.

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December 30, 2018, 12:49:01 PM
 #37

Check fox.exchange https://www.fox.exchange/pair/BTC-ETH.
I recently found out about this one and it turned out to be great for quick, instant changes. Complete anonymity, no further steps or documentation needed, instantly performed trades. It is really handy anytime I need a quick exchange between coins. I've been using it for some time now and no downside so far.
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December 30, 2018, 01:28:26 PM
 #38

Actually verification is important for the security of our account, but there are many exchanges that do not require verification of data such as KYC, but usually exchanges without KYC usually impose restrictions on withdrawal of funds and for traders with large amounts it is a barrier.

harleymasters
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December 30, 2018, 01:37:23 PM
 #39

As far as I know with each trading account you should verify your account correctly. Reason: Firstly, you can get the maximum withdrawal limit of the trading floor, the second you can get the best support from the trading support team. That's what I think is perfectly reasonable. You can choose Bittrex if you are afraid of having too many verifications. High stability and no need to wait too long in every transaction!
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December 30, 2018, 01:56:47 PM
 #40

hi i was just wondering if there where any crypto exchanges that dont require lots of verification i registered with coinbase and within an hour i was getting phone calls soliciting me with services is there any exchanges that just let you email verify like bitmex does and lets you trade between altcoins? thanks

I think etoro is doing this one, verification and idk if other brokers do the same thing. This is to do telemarketing also as well. imo this is ok unless you didn't enroll so be very careful if they take initiative to get your info.
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