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Author Topic: I'm looking for a New Trading Site  (Read 184 times)
DoublerHunter
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February 08, 2021, 10:47:50 AM
 #21

Most of the Centralized Exchange except coinbase don't require KYC for a certain trading volume limit. I'm using Kucoin, Binance and Okex right now without undergoing KYC procedure. If you are just a small time trader which your trading volume didn't exceed to 1BTC. You can try them but if you are a big time trader, Decentralized Exchange is your friend but always keep in mind the expensive fee for transaction.
^ Probably it is at least 2 BTC of maximum and you did not need to require KYC verification. Most trader's recommendation is binance and I also agree with them. This is a popular exchange with having a huge number of traders that surely your order will be quickly fulfilled.
Another exchange that has the potential to avoid KYC is Bithumb global, all you need to do is verify the SMS and google verification code for the limit level and I think level 2.
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frank07a
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February 08, 2021, 10:49:37 AM
 #22

You can use this site https://cryptogeek.info/en/compare to find the exchange you need. Here are the necessary filters to search for specific criteria.
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February 08, 2021, 11:12:08 AM
 #23

I'm not sure if it's true.  I withdrew just about 0.8BTC last year and they were holding my withdrawal until I can submit my documents and a video.  The KYC verification for all exchanges is mandatory even for an account holding less than 1BTC. This is a regulated market already, and everyone had to undergo the critical examination.

This is strange, I made a withdrawal a few weeks ago (not as big as BTC0.8 to be honest) and they didn't ask me anything. AFAIK the rule of the daily BTC2 is still in force. Another thing would be that this rule is changed whenever they want without previous notice, so it is a good advise to never have too many coins in any exchanges.

BTW, anyone knows whether KYC is mandatory in Huobi Global? I hardly ever read anything about this exchange, but my impression about it was quite good when I used it in the past.

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TinaK
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February 08, 2021, 03:49:27 PM
 #24

So already you are using the trading sites, so you know how to using the trading sites. Top 5 Trading sites are more secure and they ask the proof of identify. If you like to choose the trusted site you can't know the better option. But you expect something new in crypto trading so I will never find the gold gems, may be you will reach your desire platform. You can explain the terms and conditions of that site.
Dacm4n (OP)
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February 10, 2021, 07:10:49 AM
 #25

Thanks for all the suggestions, I'll try Binance first and see how that goes.
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February 10, 2021, 03:36:34 PM
 #26

Thanks for all the suggestions, I'll try Binance first and see how that goes.
Oh! I bet you will love it.
2 BTC is a huge amount now and that is the limit for non-KYC verification.
I think they might also change this in the future if Bitcoin keeps on moving upward.
They will have a problem with money laundering schemes if not.
Good luck and happy trading.
carlfebz2
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February 10, 2021, 03:42:40 PM
 #27

Thanks for all the suggestions, I'll try Binance first and see how that goes.
Good choice!

Binance.us would suit you out for sure.It doesnt really need any KYC or verification yet 2 btc/day withdrawal limit is enough for most people.

You can also make use of Kucoin too. As per https://support.kucoin.plus/hc/en-us/articles/360015102254-About-KYC-Verification
they do have 5 btc/day limit for unverified accounts.
mersal
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February 10, 2021, 04:39:52 PM
 #28

Binance US and Binance exchanges are having same withdrawal limit for no KYC customers but still they can ask you to submit the documents at any time while holding your funds in the exchange, so if you never wanted to submit KYC then you have less choices for trading crypto coin which are from different chains.For now you can use Binance US and make sure you are not trying to trade too much so you can stay under the radar.
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February 10, 2021, 09:56:25 PM
 #29

Thanks for all the suggestions, I'll try Binance first and see how that goes.
Binance is the best choice and it is right. Even without using KYC you can still use Binance with a transaction limit of 2BTC. rather than having to use another exchange that is not necessarily good in credibility. Binance also has security and stable servers when people have a lot of access to Binance. for deposits and withdrawals there is never a problem.
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February 10, 2021, 10:27:33 PM
 #30

I agree with some of the members here who suggest Binance as the best choice for crypto trading. Since I have been using Binance for about
2 years myself, I have never experienced any problems, and Binance also has a large selection of coins for trading. Most importantly Binance is
an exchange that does not require KYC, but only for withdrawals of a maximum of 2 BTC in 24 hours. Another great alternative for crypto
trading is Changelly, including a popular trading platform that also does not apply KYC for a maximum withdrawal of 2 BTC in 24 hours.

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Kasabus
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February 10, 2021, 10:53:11 PM
 #31

Thanks for all the suggestions, I'll try Binance first and see how that goes.
Binance is the best choice and it is right. Even without using KYC you can still use Binance with a transaction limit of 2BTC. rather than having to use another exchange that is not necessarily good in credibility. Binance also has security and stable servers when people have a lot of access to Binance. for deposits and withdrawals there is never a problem.
Reputation and market liquidity are very important to consider when choosing an exchanger and OP makes his wise selection to choose Binance.

Well, good luck to you OP, I'm sure you don't have to regrets your decision. And please get back here to hear also what is your experience if you still have time because I was now thinking that you are already enjoying trading by using the platform. I hope I was right.

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Questat
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February 10, 2021, 11:02:44 PM
 #32

Have you tried trading with Binance?

I think it's possible to trade with the site without needing an ID, since you can use a VPN to change your IP address, then I don't think there's a problem with that. Other site I can suggest is Kucoin, they also accept traders even without KYC, not sure with the present rules though as i have not been trading with Kucoin lately.

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February 10, 2021, 11:23:13 PM
 #33

I'm not sure if using VPN is really a good idea because this is also one reason why some accounts have been blocked. If an exchanger allows traders coming from other countries, I suggest not to use VPN.

I can say that Binance is not strictly against using VPN. There is no term relating to that. But of course, just use it if it's necessary.

Not sure though for Binance USA. US customers, if I'm not mistaken, are way more being regulated here compare to Binance Global users.

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February 11, 2021, 05:45:10 AM
 #34

Many trading sites are good to use especially Binance, Okex, hotbit, etc. and I use some trading algorithms like Mudrex to trade on those 3 exchanges at the same time. That makes my trading easier. I hope this helps.

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