WSDN
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IDENA.IO - Proof-Of-Person Blockchain
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April 28, 2020, 11:59:14 AM |
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Almost all exchanges have this procedure, but it is not required. Even on top exchanges, such as Binance, Huobi, Okex, etc.
These are the 3 exchange I use most often in this market and you don't need KYC because they don't force users to do this. However, you will be limited daily withdrawals but for me, 1 day withdrawing BTC is more than enough because I do not have much money in this market. If you are a new investor, you should take the time to learn about the crypto market then choose a secure exchange.
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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mdzahed134
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Vave.com - Crypto Casino
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April 28, 2020, 01:03:55 PM |
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This might not be in the spirit of Satoshi's intent, but there's no getting around it. I'm actually quite surprised that it's taken this long for most exchanges to be required to verify their customers.
I am sure Satoshi is well aware of the rules and regulation as he was an intelligent individual, there is nothing you can hide from the authorities and this is a new market and it will take its due time for the authorities to come up with the rules and regulations to have a grip in the market and eventually it will bound to reflect. @ OP I am not aware of any exchanges right now which does not enforce KYC, if you are adamant you need to use decentralized exchanges like BisQ, Waves etc but the problem is that volumes are really low. Agree, if we afraid about submitting KYC we need to trade in decentralized exchanges but I don't find any volumes here. As of now, even higher exchanges are not asking for a KYC procedure for a certain amount, if they start asking for KYC better move our funds into the safe wallets. Who's will choose decentralized exchanges to do trade, but you can control everything there.Mostly traders can use major exchanges because KYC isn’t requires for the certain amount transaction likes binance daily limitation is near 2 BTC for kycless users now it’s your wish if you will submit documents or not that's dosen is matter.
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Oceat
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April 28, 2020, 06:43:36 PM |
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It is true that almost all crypto communities avoid using exchanges with KYC. Because our personal data is too valuable given to exchanges. Although the number of exchanges without KYC is quite a lot, but we must be careful in choosing. Not all exchanges without KYC are appropriate, select those that have real volume and are also trusted. For now I use binance exchanges, because other than binance without KYC. Binance has many benefits that benefit its users, such as like having a lot of pairing, many choice of quality coins, complete trading features and a sophisticated security system.
A thorough research first is required before giving a chance to try those exchanges that they find. Every exchanges has their own pros and cons with or without KYC it's just up to the people who will have a knowledge about of that exchanges. And I agree with you that other exchanges that aren't reputable enough should be avoided because there's a lot of case about of this fraud exchange or being hacked even the reputable one. Users/traders should choose the best centralized or decentralized exchanges that suits for them.
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3996
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xandriel
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April 29, 2020, 01:02:59 PM |
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It is true that almost all crypto communities avoid using exchanges with KYC. Because our personal data is too valuable given to exchanges. Although the number of exchanges without KYC is quite a lot, but we must be careful in choosing. Not all exchanges without KYC are appropriate, select those that have real volume and are also trusted. For now I use binance exchanges, because other than binance without KYC. Binance has many benefits that benefit its users, such as like having a lot of pairing, many choice of quality coins, complete trading features and a sophisticated security system.
A thorough research first is required before giving a chance to try those exchanges that they find. Every exchanges has their own pros and cons with or without KYC it's just up to the people who will have a knowledge about of that exchanges. And I agree with you that other exchanges that aren't reputable enough should be avoided because there's a lot of case about of this fraud exchange or being hacked even the reputable one. Users/traders should choose the best centralized or decentralized exchanges that suits for them. I think that KYC is necessary to ensure your rights when investing. Currently some major exchanges like Huobi or Binance do not force users to do this and you can withdraw more than 1 BTC per day without having to do anything. Of course only for small investors like me and if you have an amount greater than 1 BTC then you should implement KYC if possible.
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jhonjhon
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April 29, 2020, 11:47:05 PM |
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Almost all exchanges have this procedure, but it is not required. Even on top exchanges, such as Binance, Huobi, Okex, etc.
Maybe not if we are only moving a small amount but I don't think if we are transferring 10BTC. Securing KYC in some exchanges has their reason also and I can deny that I doing KYC as well but we should be making it when necessary and know also whom we are submitting it. Because if you'll find strange with that particular exchange, it for sure nobody does.
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Clark05
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April 30, 2020, 12:49:48 PM |
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Almost all exchanges have this procedure, but it is not required. Even on top exchanges, such as Binance, Huobi, Okex, etc.
These are the 3 exchange I use most often in this market and you don't need KYC because they don't force users to do this. However, you will be limited daily withdrawals but for me, 1 day withdrawing BTC is more than enough because I do not have much money in this market. If you are a new investor, you should take the time to learn about the crypto market then choose a secure exchange. It's better to the exchange to not force their traders to pass the identity like id or anything personal . But if their withdraw a huge amount of money and they are requirinv to pass it Im not against that . They have many exchange even the require KYC the trader needs to pass it once they withdraw a very big amount if money everyday but if it's only hundred dollars or thousands dollars they did not requried the traders.
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bittraffic
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April 30, 2020, 01:55:20 PM |
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I have installed blocknet in my laptop months ago but I have no idea if it does have a TOR network functionality. What might dex has to add to their platform I guess is allowing users to cash out through 3rd party for fiat, this is going to be a long shot for the DEX though. Let me share my opinion regarding KYC. I prefer trading on exchanges which ask for mandatory KYC. I think it's for our safe and, that is the most important point, those exchanges have a chance to stay live longer. Remember that Binance asks for KYC.
Right now it's okay but when government start accessing their data, you may feel the eyes watching around you.
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bitcoin31
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May 01, 2020, 06:40:33 AM |
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Let me share my opinion regarding KYC. I prefer trading on exchanges which ask for mandatory KYC. I think it's for our safe and, that is the most important point, those exchanges have a chance to stay live longer. Remember that Binance asks for KYC.
Even Binance exchange are requiring KYC I feel my identity will be safe there because that is most trusted exchange for me.. KYC is not benefits to the user of the crypto because we are not have freedome to hide our identity to tean of exchange or investment sites. But it depends to you if you agree on KYC it's good and follow it but for me I do not any choices to follow it but I don't like it.
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enhu
Legendary
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Activity: 2492
Merit: 1018
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May 01, 2020, 07:17:24 AM |
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Let me share my opinion regarding KYC. I prefer trading on exchanges which ask for mandatory KYC. I think it's for our safe and, that is the most important point, those exchanges have a chance to stay live longer. Remember that Binance asks for KYC.
Even Binance exchange are requiring KYC I feel my identity will be safe there because that is most trusted exchange for me.. KYC is not benefits to the user of the crypto because we are not have freedome to hide our identity to tean of exchange or investment sites. But it depends to you if you agree on KYC it's good and follow it but for me I do not any choices to follow it but I don't like it. Its not actually safe if you just think about the possiblity that the Chinese government can access these data. I'm just taling possibilities not that its confirmed but quite possible. I'm moving to decentralize exchanges because its just not good because while adoption is gradually occuring, our data are being collected everyday. Its enought for me to trade in the low volume DEX as long as I can escape that chain.
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