Any new exchanges that are not enforcing heavy KYC?

[RK95TP]

I think this whole KYC requirement has gone batshit crazy over last couple of years. When I bought some cryptos in 2015-2016 or so, pretty much the biggest requirement was ID and sometimes address verification.  Now they treat you like a clown who has to take picture of ID, prove your address and then selfie with the ID on your hand at minimum. Some even require you to(along with everything else mentioned before) take a video of yourself and say certain changing numbers and the name of the exchange. There are much more user friendly and secure options available to verify accounts, such as using bank verification where your account is automatically verified with your bank account username and one time login code(verification is done by bank and not the exchange so your bank details are not shown to them) In this way you don't risk being a victim of identity theft because the exchange got hacked. Exchanges just use heavy KYC as a pathetic excuse to delay withdrawals and disable your account if they just decide you have be their monkey today and eat shit while filming it all to fulfil their KYC requirements.

[The Sceptical Chymist]

Exchanges just use heavy KYC as a pathetic excuse to delay withdrawals and disable your account if they just decide you have be their monkey today and eat shit while filming it all to fulfil their KYC requirements.

The scammy ones do that, but legitimate exchanges like Coinbase, Binance, and others are required to get KYC docs from their customers since they're regulated by the governments of the countries they operate in.  It's not that exchanges have started to require KYC for shady purposes, it's that cryptocurrency has attracted the attention of government agencies over the past few years--and as far as I can tell it's not going to get any better.

If you're trying to buy crypto with fiat, forget about it.  I think pretty much all the exchanges that deal in fiat are going to require a scan of your photo ID, a selfie, and all of that.  If you're looking to just trade bitcoin<-->altcoins, then you've got more options, like Kucoin, SouthXchange, and even Yobit (though I wouldn't recommend them). 

We're almost out of the wild west days of unregulated crypto exchanges, man.  Things definitely were different in 2015, but there's no going back in time and regulations aren't likely to become more lax.

[bitmover]

Binance doesnt require kyc,  as long as you withdrawal within 2 btc per day  limit (which is quite a lot) and you do not trade any fiat (stable coins are not fiat)

I used it for years without kyc and never had any problems.

However, if you want to deposit or withdrawal usd or any other fiat currency you need to do kyc.

[BitMaxz]

Why not verify the KYC process? Do you hide something?

I'm using Binance but without KYC I couldn't use their other feature like P2P that's why I end up verify their KYC process. I feel safer on Binance than on other exchanges.

Well, I think they just want to avoid money laundering.

Anyway, another option for Binance as suggested above is P2P exchange like Bisq they don't require KYC verification.

Or for token-related, you can use Defi exchange like "uniswap or sushiswap" it's pure no KYC exchange.

[JeromeTash]

Binance doesnt require kyc,  as long as you withdrawal within 2 btc per day  limit (which is quite a lot) and you do not trade any fiat (stable coins are not fiat)

I used it for years without kyc and never had any problems.

However, if you want to deposit or withdrawal usd or any other fiat currency you need to do kyc.

It's pretty limited though if you don't verify your account. Features like p2p, Futures trading, Lending and borrowing etc won't be available.

I don't think anyone would want to trade minus ever thinking of depositing and cashing out in the form of Fiat.

[2xHR]

Why not verify the KYC process? Do you hide something?

I'm using Binance but without KYC I couldn't use their other feature like P2P that's why I end up verify their KYC process. I feel safer on Binance than on other exchanges.

Well, I think they just want to avoid money laundering.

Anyway, another option for Binance as suggested above is P2P exchange like Bisq they don't require KYC verification.

Or for token-related, you can use Defi exchange like "uniswap or sushiswap" it's pure no KYC exchange.

You've a low IQ.

'I feel safer on Binance' Cz is a chink that sells all your infos and IDs to make money.

Finally, you'll be tracked by your government in some years when BTC will be illegal, enjoy retard

[Darker45]

Why not verify the KYC process? Do you hide something?

You've a low IQ.

'I feel safer on Binance' Cz is a chink that sells all your infos and IDs to make money.

Finally, you'll be tracked by your government in some years when BTC will be illegal, enjoy retard

I know the question was rather off. Avoiding KYC doesn't mean hiding anything. It simply doesn't follow. Privacy should be a right. But why the below-the-belt name calling? Does it in any way help the discussion?

Anyway, choose to be unverified if you don't wish to go through KYC. Binance allows 2BTC daily limit for unverified users. Kucoin, on the other hand, allows up to 5BTC-limit per day. But if you really abhor KYC to the bones and you won't do it no matter what, avoid all centralized exchanges.

[JeromeTash]

You've a low IQ.

'I feel safer on Binance' Cz is a chink that sells all your infos and IDs to make money.

Finally, you'll be tracked by your government in some years when BTC will be illegal, enjoy retard

Was this really necessary? You could still disagree with someone minus insulting them. It isn't like OP needed a non KYC exchange. He just needed an exchange that doesn't have "heavy" KYC enforcement.

[stomachgrowls]

. Exchanges just use heavy KYC as a pathetic excuse to delay withdrawals and disable your account if they just decide you have be their monkey today and eat shit while filming it all to fulfil their KYC requirements.

Bolded quoted message is just for those exchange which arent that known or does have lots of complaints and issues where they do make use of that kind of situation to prohibit some users to comply and
get all of those funds that user have or simply confiscate or whatsoever in related to that.

Going back about enforcing KYC then expect it would really be on that path knowing that these platforms are regulated or following a set of rules but actually it isnt on the situation where you as a user would be tied up
that tight into your neck since you do have the options to take.

Just like on the example on where Binance do give out 2BTC/day withdrawal without KYC is already a generous take unless if you are a whale then that wouldnt be enough.
Any transactions that do correlate or connect with fiat then you would really need to go with the process.