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Author Topic: Is there a 'reputable' exchange that doesn't require KYC to trade?  (Read 213 times)
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November 10, 2021, 06:04:13 AM
 #21

FTX.com doesn't require KYC, but you're capped at $2000 withdrawals every 24 hours. Lower withdrawal fees as well, with free withdrawals on Solana and SPL tokens. Binance has been around longer, but it could be argued that FTX is a bit more reputable.

$2000 withdrawal limit is good for me because probably I'm not that big trader but if the OP really do like to play on reputable exchange site I think it's worth to pass KYC, one good reason is for the security of your account and your fund for me I don't mind passing KYC in Binance since it is reputable and safe exchange site.

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November 10, 2021, 07:34:37 PM
 #22

lately I've been trying to do without cex exchanges, because the recent mandatory verification on binance is still not good news, I advise you to use dex exchanges when you always have your coins and tokens in your wallet, and don't worry about blocking your account, as it happens in cex.

As long as there are such high commissions in the Ethereum network, it is impossible to do without centralized exchanges. And those decentralized exchanges that use alternative blockchains with low fees will greatly limit you in choosing a coin for exchange.

If OP is a fan of margin trading, then the exchange bybit.com will be the best choice for him.

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November 11, 2021, 02:23:03 PM
 #23

Like how Binance used to be before they implemented mandatory KYC not too long ago?
Kucoin.

1 btc limit per day for unverified users.

--> https://www.kucoin.com/news/announcement-regarding-the-adjustment-of-daily-withdrawal-limit

1BTC for unverified users is good enough to use comp[are to binance that you are only allowed with 0.06BTC. The majority I guess allows 1BTC except for binance.
There's no longer unverified users in Binance.

If you're unverified then you can only withdraw and you can no longer trade there. That's if it's about no-kyc then I think kucoin is now the choice of most.


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November 11, 2021, 03:15:41 PM
 #24

Like how Binance used to be before they implemented mandatory KYC not too long ago?
I prefer Kucoin because it does not ask for KYC. It is not mandatory there. There is also a good limit to withdrawal. I am using Kucoin without KYC since 2021, but I have not found any issue with any matter.

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November 11, 2021, 03:19:08 PM
 #25

https://www.mexc.com offers no KYC with max 5 btc limit thats a huge amount compare to other exchange. Im using this exchange since last year and so far so good, volume is also huge in top coins, see some reviews first depositing huge amount of crypto.  

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November 11, 2021, 03:32:18 PM
 #26

Like how Binance used to be before they implemented mandatory KYC not too long ago?

Their maybe many exchange as like you said.But 80 percentage of company which doesn't required of kyc will scam people at the end.So better go for the company which ask kyc for the transaction.It's my advice and not asking to follow this.If you like my advice, you can follow it. I am sure, it will be helpful to you. Because kyc asking exchange will be transferent.
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November 11, 2021, 04:16:48 PM
 #27

Like how Binance used to be before they implemented mandatory KYC not too long ago?
Most reputable exchange now needs the user to fill KYC. If you really want to avoid KYC, DEX is the best choice and you can select from PancakeSwap, Biswap, or other exchanges on Trust wallet. From that, you can trade inside the wallet but I am not sure about the fee of trading because that can be bigger than CEX. I think KuCoin accepts the basic verification so you can try that.

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November 13, 2021, 05:04:24 AM
 #28

With FTX are you verifying to be a level1 or level2 verification? With level1 you need to put in your phone number and it sends you a code to confirm. This is how they kyc you. You need to use your real number because it needs to match your location and everything.

The fees for withdrawing are free for Bitcoin. For Ethereum they can be free if you buy and stake some FTT tokens. Then you get some daily free withdraws. Which is a big plus now since fees are like $50 per withdraw.
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