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Author Topic: how to trade btc without kyc  (Read 382 times)
wajik-tempe
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February 17, 2022, 02:51:11 AM
 #41

If the volume of your trade is not so big ( under 1 BTC a day ) there are some several quite big exchanges that don't require KYC if you want to buy or sell BTC there like Kucoin, bitfinex, or hitbtc.
But at some point you will be asked to do the KYC such as doing bigger volume trades or like withdrawing some big amount of assets to another wallet.
If you still don't want to do the KYC, you could split your assets into several accounts to make a bigger trade but it's not recommended to do

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February 17, 2022, 05:33:11 AM
 #42

Some of the trusted and known exchanges before now requires a KYC such as Binance and currently now with not having a restriction with their KYC is the Kucoin which is one of the exchange support different coins too. For their restriction of transactions.

Code:
KuCoin users that complete KYC verification will enjoy higher daily withdrawal limits.  The new withdrawal limits are listed below.

Verified Individual Account: 100 BTC per 24hr
Verified Institutional Account: 500 BTC per 24hr
Non-verified Account: 2 BTC per 24hr

If you are not a large investor this is suitable for you but if not i guess you need to pass with their security of KYC.
Code:
https://www.kucoin.com/news/en-complete-kyc-verification-to-enjoy-higher-withdrawal-limits

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savetheFORUM
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February 17, 2022, 07:00:28 PM
 #43

If the volume of your trade is not so big ( under 1 BTC a day ) there are some several quite big exchanges that don't require KYC if you want to buy or sell BTC there like Kucoin, bitfinex, or hitbtc.
But at some point you will be asked to do the KYC such as doing bigger volume trades or like withdrawing some big amount of assets to another wallet.
If you still don't want to do the KYC, you could split your assets into several accounts to make a bigger trade but it's not recommended to do
If he would be OK with the limitations of using Binance, then he can go ahead with it. 2 BTC is still much for most of the traders, so if the withdrawal that he would be making on a daily wouldn’t be more than 2 BTC, then Binance would be a good choice, because it is already a very popular exchange and is trusted by a lot of traders.

But, if he should decide that he needs another exchange that doesn’t require KYC apart from Binance(which has a partial verification), then I think exchanges like changelly.com might be a good choice. Changelly.com has been around for a long time, I think around 2013 or 2014, and that’s really a long time and they are quite trusted by a lot of people. I already saw someone recommend this.
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February 17, 2022, 10:30:42 PM
 #44

Since decentralized exchanges do not require verification, you should use the Dydx.exchange, where margin trading is available.
I don't know about margin available or not in DEX, but surely DEX doesn't require KYC. There are most trusted DEX can be used, why did you choose Dydx?
Uniswap or Pancakeswap, I think these DEXs are most famous than Dydx. Regarding margin, what I know so far, it is one of the features we can get from CEX, such as in Binance, top exchanges. Is DEX having margin as well, bro?

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February 17, 2022, 11:11:05 PM
 #45

Binance use to allow with kyc, what about now? 
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February 17, 2022, 11:35:39 PM
 #46

Since decentralized exchanges do not require verification, you should use the Dydx.exchange, where margin trading is available.
I don't know about margin available or not in DEX, but surely DEX doesn't require KYC. There are most trusted DEX can be used, why did you choose Dydx?
Uniswap or Pancakeswap, I think these DEXs are most famous than Dydx. Regarding margin, what I know so far, it is one of the features we can get from CEX, such as in Binance, top exchanges. Is DEX having margin as well, bro?

Yes, margin trading is available on Dydx.exchange. It is for this reason that I recommended OP to use this decentralized exchange. If you are interested in this exchange for trading, you can easily find an overview of this exchange on YouTube, or use Google search.

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February 18, 2022, 10:26:02 AM
 #47

That depends. If the amount that you are storing on the exchange would be just a small amount then I am going to recommend that you make use of Binance.com. Binance is a very popular exchange and one of the largest in the world today.

So, it is a really good choice to go for if you wouldn’t be storing much money in it. They will allow you to withdraw up to two BTC in a day without account verification, so you should look at that and if it’s something that you are OK with, then you can go for this choice. Apart from that you can as well consider shapeshift and changelly.com, the two of them are also exchanges that allows their users to have full privacy.
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February 18, 2022, 06:48:10 PM
 #48

Binance use to allow with kyc, what about now? 
Of course, they will allow you once you have done with your KYC and you ask if what are their rules now? I think nothing have change in regards to this. They still ask for a KYC and i think they are not planning to remove it anytime soon, if that is your concern. I do not know if it is true but someone said that kucoin does not require a KYC for a small amount of trade? But, to be sure let us read their terms first. Kucoin is a centralized based exchange I think all centralized exchange do always require a KYC. If we do not want to do KYC, there are decentralized exchange that we can use although most of them are not known and they can be risky.
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February 19, 2022, 11:33:22 AM
 #49

If he would be OK with the limitations of using Binance, then he can go ahead with it. 2 BTC is still much for most of the traders, so if the withdrawal that he would be making on a daily wouldn’t be more than 2 BTC, then Binance would be a good choice, because it is already a very popular exchange and is trusted by a lot of traders...

You are talking about the old rules on this exchange, when it was possible to trade without KYC and the withdrawal was for such unverified users no more than 2 BTC per day. The main problem is that it is impossible to trade on Binance at all until you pass verification.


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February 19, 2022, 11:40:27 AM
 #50

Some of the trusted and known exchanges before now requires a KYC such as Binance and currently now with not having a restriction with their KYC is the Kucoin which is one of the exchange support different coins too. For their restriction of transactions.

Code:
KuCoin users that complete KYC verification will enjoy higher daily withdrawal limits.  The new withdrawal limits are listed below.

Verified Individual Account: 100 BTC per 24hr
Verified Institutional Account: 500 BTC per 24hr
Non-verified Account: 2 BTC per 24hr

If you are not a large investor this is suitable for you but if not i guess you need to pass with their security of KYC.
Code:
https://www.kucoin.com/news/en-complete-kyc-verification-to-enjoy-higher-withdrawal-limits

Kucoin is the best exchange but there are also other exchanges which also give a limited service for those who have not KYC verified accounts. But if you want to use without limits then DEX are the best option.
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February 20, 2022, 04:56:20 AM
 #51

I guess without kyc, you will be left with almost no centralized exchanges? So, you have to buy crypto peer to peer and you can probably search online about such peers and maybe meet them face to face, buy the coins from them using cash and then trade on decentralised exchanges? I guess still you have disclose your identity to that seller from whom you are buying from, unless you earn crypto from somewhere, buying crypto totally anonymously is a bit hard I guess.
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February 20, 2022, 12:53:38 PM
 #52

hi guys

happy new year for all

pls tell me
what is best platformes that not need kyc for traiding >>> margin traiding
I think kucoin is best which allow user ti trade without Kyc. But i fear in future  like Binance they will also ask for Kyc. Overall best cex exchange and high liquidity.
Mexc us second option where you can buy and sell without kyc but never use Margin trading there









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February 20, 2022, 01:19:31 PM
 #53

hi guys

happy new year for all

pls tell me
what is best platformes that not need kyc for traiding >>> margin traiding
I think kucoin is best which allow user ti trade without Kyc. But i fear in future  like Binance they will also ask for Kyc. Overall best cex exchange and high liquidity.
Mexc us second option where you can buy and sell without kyc but never use Margin trading there
Kucoin have problem with deposit confirmation and not unusual other exchange market deposit take few minutes only and maximum with BSC coin network just need 5 minutes only, but with Kucoin you need waiting almost one hour when deposit coin not care about which one network coin do you use, last week I try deposit bitcoin on two exchange market, first to Binance where deposit can success without few minutes after blockchain transaction completed but on Kucoin need waiting almost one hours to see my history transaction have been completed on Kucoin deposit history.

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February 22, 2022, 06:51:57 PM
 #54

I assume you don't need to deal with fiat? If so, then there is OKEX (10 BTC per 24 hours as a withdrawal limit) and KuCoin which has 1 BTC per day (decreased recently) but I wouldn't be surprised if they decided to enforce it all of a sudden just like Binance did.
I don't advise you trade with platform that does not require kyc the risk is high.

I don't trade with platform that does not require kyc so  I don't know any to recommend.
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February 22, 2022, 07:01:01 PM
 #55

I don't advise you trade with platform that does not require kyc the risk is high.

From my understanding, the only reason allowing them to not ask for KYC is the fact that they're based in Seychelles.

The platform has been around for many years, and they also own a licensed fiat exchange[1] (OKCOIN) in the U.S so I don't think there is anything worrying about them.

[1] https://www.okcoin.com/licenses.html

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