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Author Topic: IEO exchanges not required KYC  (Read 2436 times)
kaneki007
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October 20, 2019, 04:58:41 PM
 #21

Centralized exchange is need to KYC to avoid money laundering and its mandatory if you want join IEO
But small exchangers is not need required KYC for participate in IEO, but you should avoid small exchangers if you want to participate in IEO

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October 20, 2019, 05:26:05 PM
 #22

KYC is mostly due to regulations and AML policies.

I don't know any stable exchange offering IEO to allow non-KYC participants. And even if you found one, I suggest you be very very careful due - It's a regulation requirement investors to pass KYC.
While you could use most of the big exchanges for crypto-only deposits/withdraws on low limits without KYC, IEO are into another regulation frame.


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October 20, 2019, 05:40:58 PM
 #23

all IEOs that are on small and large exchanges as far as I know do not yet need KYC to participate in IEO sales, if you want to avoid kyc problems the best way is to join with other people who want to also buy IEO it's just a bit risky because if not be careful we are actually trapped by scammers who take advantage of this, or the best option is to buy the first time the IEO enters the market, usually the sales price is still not so high.
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October 20, 2019, 05:46:37 PM
 #24

I like the cryptocurrency due to the privacy, i do not like to send my IDs to anyone even if it is popular and trusted websites, requesting KYC to participate in IEO is against privacy why i have to send my ID to participate in IEO!!
Most of exchanges launched their IEO platform required KYC.
Is there any exchanges run IEO and do not required KYC.

KYC most times is required for regulatory purposes, mind you that most exchanges, if not all, doing IEO are centralized exchanges. Decentralized exchanges still lack the capacity for IEO as at now, due to some major drawbacks. It's a matter of choice, if you don't feel comfortable giving out important information, then wait for listing and buy in early.

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October 20, 2019, 05:59:30 PM
 #25

I like the cryptocurrency due to the privacy, i do not like to send my IDs to anyone even if it is popular and trusted websites, requesting KYC to participate in IEO is against privacy why i have to send my ID to participate in IEO!!
Most of exchanges launched their IEO platform required KYC.
Is there any exchanges run IEO and do not required KYC.

I don’t think any legit exchange will be launched IEO without asking KYC. I think KYC is required all of the IEO projects even most of the ICO is asking KYC. If several poor quality exchanges will offer IEO launchpad projects without KYC i don't know about those shit exchanges. But you have to pass KYC in most of the reliable projects which are highly transparent exchanges. There are no way to participate in IEO not using your KYC documents. Because all of the exchanges are centralized.                     

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October 20, 2019, 06:03:22 PM
 #26

I don't think there is such an exchange. all IEO exchanges require KYC. so you have to accept it. but my advice, if you want to invest in an IEO project, better choose a project that is in a large exchange. so you won't hesitate to give me your kyc data

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Willitivity
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October 20, 2019, 06:08:24 PM
 #27

I like the cryptocurrency due to the privacy, i do not like to send my IDs to anyone even if it is popular and trusted websites, requesting KYC to participate in IEO is against privacy why i have to send my ID to participate in IEO!!
Most of exchanges launched their IEO platform required KYC.
Is there any exchanges run IEO and do not required KYC.


KYC has become a norm for exchanges even before the IEO thing started. KYC has been there right since ICO days. The thing there now is that KYC is much enforced in IEOs in order to remove participants from unsupported countries from participating. Right now any exchange which doesn't ask for KYC for IEO might seem cool, but that's questionable.
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October 20, 2019, 06:19:36 PM
 #28

I don't think there is such an exchange. all IEO exchanges require KYC. so you have to accept it. but my advice, if you want to invest in an IEO project, better choose a project that is in a large exchange. so you won't hesitate to give me your kyc data
Looks like KYC won't be a problem for some people on big exchanges even though they can be hacked(like binance) but it's atleast safer than shady exchanges. Whatever you can still lose money on IEO/ICO as the market is not ready for them yet.

 
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October 20, 2019, 06:22:16 PM
 #29

not so much option for you but not to join the IEO instead. I can't find any exchange anymore that doesn't ask documents. What you can do is wait for the tokens to be listed on the exchange where you once submitted KYC. If you haven't done so not even once then you are going to be looking forever. Even the new exchanges are asking all these documents with selfies.

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October 20, 2019, 06:34:02 PM
 #30

KYC seems to be becoming the norm when it comes to many IEO projects. It is a just a matter of choice, you either stick to it or let it go. Generally, almost everyone don't feel comfortable giving personal details such as information on ID cards and passports. Sadly, some of this projects with rigid KYC process end up as scam.

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October 20, 2019, 06:34:53 PM
 #31

all of centralized have term to their user to passed KYC before using their platform for start trading, because for passed any regulation where in the country from exchange operating service, so this is way to exchange safe user fund from fraud and scamming project when they decide join in some IEO

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October 20, 2019, 06:46:51 PM
 #32

I like the cryptocurrency due to the privacy, i do not like to send my IDs to anyone even if it is popular and trusted websites, requesting KYC to participate in IEO is against privacy why i have to send my ID to participate in IEO!!
Most of exchanges launched their IEO platform required KYC.
Is there any exchanges run IEO and do not required KYC.

Yobit.net,livecoin.net,binance dex ( https://www.binance.org) not ask for kyc. Which exchangers ask for KYC they are legit and those exchanger is not risky than the other. Only reputed exchanger ask for kyc. If you passed your kyc then you are safe ( they are not Going to lock your account). Also there is risk that your identity can be stolen if tge exchanger hacked. But possibility is low. I prefer to join those website that ask for KYC ( if i want to join in IEO).     

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October 20, 2019, 06:52:04 PM
 #33

I like the cryptocurrency due to the privacy, i do not like to send my IDs to anyone even if it is popular and trusted websites, requesting KYC to participate in IEO is against privacy why i have to send my ID to participate in IEO!!
Most of exchanges launched their IEO platform required KYC.
Is there any exchanges run IEO and do not required KYC.


To understand why this is how it is nowadays, you have to understand the fundamentals of money laundering and its prevention. To lay it completely clear for you , IEO is a possible way of money loundering so the ones who are doing IEO has to oby the law, if the dont , they can get in trouble with law. If platform is not asking for KYC, then it is a BAD sign not a GOOD.

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October 20, 2019, 07:08:40 PM
 #34

Why are you looking for an IEO that does not verify KYC even though what I know is Binance, Huobi, Bittrex requires KYC if there is an IEO being done, I can't understand it with you, don't be afraid if KYC is handed over to a safer one.

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October 20, 2019, 07:11:36 PM
 #35

Why are you looking for an IEO that does not verify KYC even though what I know is Binance, Huobi, Bittrex requires KYC if there is an IEO being done, I can't understand it with you, don't be afraid if KYC is handed over to a safer one.
If i want to join IEO this mean i have to send my ID to most of the exchanges, Binance, Huobi, Bittrex ....and others, why i have to do this, why i have to send my ids to all this exchanges and my id exist in many exchanges.
xiboothrezi
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October 20, 2019, 07:35:56 PM
 #36

Centralized exchange is needed to KYC to avoid money laundering and its mandatory if you want to join IEO
But small exchangers is not need required KYC for participating in IEO, but you should avoid small exchangers if you want to participate in IEO
You are right. Besides, it doesn't hurt to do KYC if the exchange is trusted and compatible. KYC is one of the terms and conditions for using the services of the exchange, usually affecting the minimum limit for withdrawals. So even though there is no KYC requirement for joining IEO, you still have to do it to get maximum service from the exchange.

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lue wang
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October 20, 2019, 07:55:13 PM
 #37

KYC should have limitations by devs. Now with KYC I have to provide them same signature, this means video call isn't too far for KYC submit. Now I'm giving original signature to complete my KYC process. I don't find any exchange without KYC.
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October 20, 2019, 08:06:26 PM
 #38

I like the cryptocurrency due to the privacy, i do not like to send my IDs to anyone even if it is popular and trusted websites, requesting KYC to participate in IEO is against privacy why i have to send my ID to participate in IEO!!
Most of exchanges launched their IEO platform required KYC.
Is there any exchanges run IEO and do not required KYC.

I know that Livecoin allows you to do this.

But honestly, I wouldn't recommend you buy any IEOs off there. Only unregulated, pump and dump IEOs would be interested in getting listed on Livecoin in the first place which means that it's probably not the best idea to invest in them.

The thing is that regulation dictates when and where KYC is required, and IEOs are certainly one of these sensitive categories since it's considered a sale of a "security". So in the future, maybe even Livecoin will conduct KYC. Who knows.
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October 20, 2019, 08:12:00 PM
 #39

KYC is one of the unfortunate compromise some make since the cryptospace now allow for some sort of government regulations through exchanges.That is one of the reasons the future of cryptoexchange is  like to be Dexes. Centralized exchanges seem to represent one of the biggest point of failure for cryptos
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October 20, 2019, 08:35:55 PM
 #40

Every centralized exchange is required to do AML/KYC on their platform if they want to do it to prevent money laundering and the SEC penalty. That means there is no legit exchange that will run an IEO on their platform without asking the KYC to their costumer. If you do not want to send your KYC, do not participate in IEO but find ICO.
there are many projects do not require you to send your documents to participate in their sales.

I think the OPs concern is the fact that cryptocurrency is fast deviating from secure, centralised, privacy space to a more open and tolerant space which is in bid to accommodate the rules and regulations of financial operations in the centralized world. If he's only interested in IEOs, them I am afraid he must pass through KYC unless there's a Dex offering IEO sales. But if he can't, then the only option is to buy from exchanges after IEO sales. That's the most obtainable for OP

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