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Author Topic: Crypto Exchange which means without KYC and also for withdrawal?  (Read 164 times)
darktor (OP)
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September 09, 2020, 06:29:22 PM
 #1

We are all currently looking for an exchange without KYC, or withdrawal without KYC, the risk of KYC is having to share confidential documents with a company without knowing what they are doing? in addition to having a risk that the company will lose your documents to the benefit of hacking, or maybe personalize marketing advertising?

So what are the exchanges without having to share the identity?

I found a subject on: https://medium.com/myetherwallet/mew-introduces-first-kyc-less-crypto-exit-to-fiat-gateway-powered-by-bity-a24b6aa3e3c4 apparently the site offers a withdrawal without KYC

I also found https://bisq.network/ without any KYC for exchange in addition we can make a withdrawal without any KYC with several options.

When do you think?, Do you have any of other suggestion?
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September 09, 2020, 11:19:46 PM
 #2

I don't know about Bity but bisq is pretty good and the only truly decentralized bitcoin P2P exchange i know about.

Try looking throuhg this List, you could get more KYC-less exchanges that fit your description List of P2P/no-KYC exchanges

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tippytoes
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September 09, 2020, 11:23:18 PM
Last edit: September 09, 2020, 11:42:42 PM by tippytoes
 #3

Why not start Binance first? They have no KYC if you will withdraw 2BTC max per day. At least, this is a very reputable exchange. And also, try checking my signature, nominex exchange. They have no KYC below 3BTC per day. So higher than Binance. Check the trading exchange of nominex and see if your coins are in there.

You can check their existing markets here -

https://nominex.io/en/markets/
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September 10, 2020, 12:57:48 AM
 #4

I don't know about Bity but bisq is pretty good and the only truly decentralized bitcoin P2P exchange i know about.
I have yet to take the plunge and try out a P2P exchange, and I really need to learn about how they work (much like with DeFi, I'm late to the game and don't have a good grasp on new tech).  I have a feeling that decentralized exchanges are going to be the way of the future as long as they're not made illegal.

OP, you might try Binance and Nominex (which tippytoes was heavily shilling), but the thing is that I wouldn't get comfortable with the KYC-less withdrawal limits.  The way things are going, I'm pretty sure all legitimate crypto exchanges are going to have to require KYC if they want to continue operating in the future.  Do I know when that's going to happen?  No, but the trend has obviously already started and it's not likely to reverse course.  I have a strong feeling that eventually Binance and the rest of the currently KYC-less exchanges will be required to obtain your personal info, regardless of the amount you withdraw daily.

So good luck in your search, OP, but I'd expect the state of crypto exchanges is going to look very different 1-2 years from now.

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September 10, 2020, 07:15:36 AM
 #5

Why not start Binance first? They have no KYC if you will withdraw 2BTC max per day.
OP is talking about fiat withdrawal. Last time I checked, you still need to KYC if you want to withdraw fiat. I'm not sure how their P2P platform works but so far it looks like you just need to provide your bank details to withdraw. Can't say for sure though.

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September 10, 2020, 07:39:28 AM
 #6

Why not start Binance first? They have no KYC if you will withdraw 2BTC max per day.
Any exchange which requires KYC for some of their accounts can lock your account and request KYC at any time, for any reason, and there is nothing you can do about it. If you want to avoid KYC altogether, Binance (or any other centralized exchanges) is a bad choice.

I have a feeling that decentralized exchanges are going to be the way of the future as long as they're not made illegal.
That's the beauty of truly decentralized exchanges such as Bisq. It isn't a website like most exchanges, but rather a piece of software, not unlike bitcoin itself. Users download it, they run it on their own computers, it connects peer-to-peer over Tor to other users running it, you put up your own offers or accept offers from others. Even if made illegal, even if the website and GitHub are shutdown, you can't stop people running it on their own computers

Other peer-to-peer exchanges OP can try in addition to Bisq are LocalCryptos or Hodl Hodl.
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September 10, 2020, 07:52:57 AM
 #7

Never heard about bity before you mention it in this thread. Even though they already operated since 2015 [1] I don't find their ANN in this forum and the reviews about this exchange aren't good. IMO it's better to not use this exchanges, and look the another option as @o_e_l_e_o said above.



[1] https://bity.com/about/

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darktor (OP)
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September 10, 2020, 08:52:37 AM
Merited by o_e_l_e_o (2)
 #8

I don't know about Bity but bisq is pretty good and the only truly decentralized bitcoin P2P exchange i know about.

Try looking throuhg this List, you could get more KYC-less exchanges that fit your description List of P2P/no-KYC exchanges

Thank you for this nice list Kiss

Why not start Binance first? They have no KYC if you will withdraw 2BTC max per day. At least, this is a very reputable exchange. And also, try checking my signature, nominex exchange. They have no KYC below 3BTC per day. So higher than Binance. Check the trading exchange of nominex and see if your coins are in there.

You can check their existing markets here -

https://nominex.io/en/markets/

I don't know about Bity but bisq is pretty good and the only truly decentralized bitcoin P2P exchange i know about.
I have yet to take the plunge and try out a P2P exchange, and I really need to learn about how they work (much like with DeFi, I'm late to the game and don't have a good grasp on new tech).  I have a feeling that decentralized exchanges are going to be the way of the future as long as they're not made illegal.

OP, you might try Binance and Nominex (which tippytoes was heavily shilling), but the thing is that I wouldn't get comfortable with the KYC-less withdrawal limits.  The way things are going, I'm pretty sure all legitimate crypto exchanges are going to have to require KYC if they want to continue operating in the future.  Do I know when that's going to happen?  No, but the trend has obviously already started and it's not likely to reverse course.  I have a strong feeling that eventually Binance and the rest of the currently KYC-less exchanges will be required to obtain your personal info, regardless of the amount you withdraw daily.

So good luck in your search, OP, but I'd expect the state of crypto exchanges is going to look very different 1-2 years from now.

I can't use binance of course I like it because we can make 2 BTC per day but I already have a problem with them one day, we just block my account to force to do the KYC even my limit is not yet reached. So I hesitate now even to open a new account, Some of the funds come from the darkweb because I use it for my darktor site.

Thank you for https://nominex.io/ I would try to use it for the test Wink.

Why not start Binance first? They have no KYC if you will withdraw 2BTC max per day.
OP is talking about fiat withdrawal. Last time I checked, you still need to KYC if you want to withdraw fiat. I'm not sure how their P2P platform works but so far it looks like you just need to provide your bank details to withdraw. Can't say for sure though.

Yes that's exactly it we only have to provide the bank account or even just a simple email address for the payment  Wink

Why not start Binance first? They have no KYC if you will withdraw 2BTC max per day.
Any exchange which requires KYC for some of their accounts can lock your account and request KYC at any time, for any reason, and there is nothing you can do about it. If you want to avoid KYC altogether, Binance (or any other centralized exchanges) is a bad choice.

I have a feeling that decentralized exchanges are going to be the way of the future as long as they're not made illegal.

Other peer-to-peer exchanges OP can try in addition to Bisq are LocalCryptos or Hodl Hodl.

I don't want to use LocalCryptos, Hodl Hodl because you have to trust whoever is really going to pay you or not claim your money or block the bank account.

Never heard about bity before you mention it in this thread. Even though they already operated since 2015 [1] I don't find their ANN in this forum and the reviews about this exchange aren't good. IMO it's better to not use this exchanges, and look the another option as @o_e_l_e_o said above.



[1] https://bity.com/about/

It's the own official https://www.myetherwallet.com/ that offers this Smiley, not bity.com
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September 10, 2020, 01:01:10 PM
 #9

I can't use binance of course I like it because we can make 2 BTC per day but I already have a problem with them one day, we just block my account to force to do the KYC even my limit is not yet reached. So I hesitate now even to open a new account
This is a frequent occurrence as I explained above. Any new account you open will likely ask for KYC simply on the basis of matching IP addresses, even if you do not deposit any coins that their ridiculous algorithms deem "tainted" or "suspicious".

I don't want to use LocalCryptos, Hodl Hodl because you have to trust whoever is really going to pay you or not claim your money or block the bank account.
Both these exchanges use various types of escrow (either a multi-sig or something akin to a smart contract) for trades exactly to prevent this from happening. See below:
https://hodlhodl.com/pages/faq#how_does_escrow_work
https://blog.localcryptos.com/how-bitcoin-escrow-works/
darktor (OP)
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September 11, 2020, 07:51:12 AM
 #10

I can't use binance of course I like it because we can make 2 BTC per day but I already have a problem with them one day, we just block my account to force to do the KYC even my limit is not yet reached. So I hesitate now even to open a new account
This is a frequent occurrence as I explained above. Any new account you open will likely ask for KYC simply on the basis of matching IP addresses, even if you do not deposit any coins that their ridiculous algorithms deem "tainted" or "suspicious".

Darktor (--- I sometimes get around with a VPN like surfshark Cheesy ---)

I don't want to use LocalCryptos, Hodl Hodl because you have to trust whoever is really going to pay you or not claim your money or block the bank account.
Both these exchanges use various types of escrow (either a multi-sig or something akin to a smart contract) for trades exactly to prevent this from happening. See below:
https://hodlhodl.com/pages/faq#how_does_escrow_work
https://blog.localcryptos.com/how-bitcoin-escrow-works/

Thank you for the link Wink
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September 11, 2020, 12:34:15 PM
 #11

I sometimes get around with a VPN like surfshark
Even more reason not to use a non-verified account on Binance, or any other exchange offering the same thing, then. There have been plenty of reports of users having their accounts locked simply because they logged on to their account from a VPN server in a different geographical region or country to the one they signed up with. And of course, responding to their support explaining that you are using a VPN server is never enough, and they always demand full KYC to unlock the account in question.
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September 11, 2020, 03:35:19 PM
 #12

I sometimes get around with a VPN like surfshark
Even more reason not to use a non-verified account on Binance, or any other exchange offering the same thing, then. There have been plenty of reports of users having their accounts locked simply because they logged on to their account from a VPN server in a different geographical region or country to the one they signed up with. And of course, responding to their support explaining that you are using a VPN server is never enough, and they always demand full KYC to unlock the account in question.

Yes it's true today, it's getting harder and harder not to have a KYC mandatory Cry

Thanks for the advice and sharing Wink Smiley
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September 11, 2020, 03:50:17 PM
 #13

Quote
Bity will ask for banking details.
 

How is that for being KYC less?

You'd lose hope finding one that will not ask for KYC if you are going to exchange your crypto to fiat. Even if you wanted to find the most effective ways to avoid KYC by only going to DEX but whenever you get to exchange them to fiat, you are still going to undergo the same process like the rest. 

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