About my safety on exchange

[KiaKia]

Hello 👋  how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

[NeuroticFish]

Hello 👋  how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

You are not wrong. While the fiat world asks for KYC, most centralized exchanges ask for that "just in case" and to be compliant (just in case), and yes, nothing stops them from selling that data.
There's a topic where this is widely discussed: Why KYC is extremely dangerous – and useless
And from there's a link to a topic about P2P exchanges you may want to use so you don't have to fill KYC: List of P2P/no-KYC exchanges

[5W-KILO]

I'm curious which exchange you are even talking about, it's always wise to share full details newbie because there are also fake exchanges out there, some might even aim for your identity data or scam you once you make deposits on them.

I can't guarantee you that your data will be safe in the hands of even top crypto exchanges, if thats your fear then do not try passing KYC verifications, whatever an exchange plans to do with our identifications will never see the light of the day, to stay safe use localbitcoins or hodlhodl.

https://localbitcoins.com/

https://hodlhodl.com/

[Charles-Tim]

Hello   how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

Without getting verified, you can use decentralized exchange like https://bisq.network/ or the two others mentioned by 5W-KILO. For high trading volume, I will recommend https://localbitcoins.com/.

You can as well make use of currency exchange on this forum for direct p2p. Make use of escrow service of a reputed member on this forum.

Recommended bitcointalk escrow services

While using p2p generally, always make sure you do not depend on alert, always check your account balance directly if dealing with fiat.

[FatFork]

It is true that most centralized exchanges ask for KYC, especially when doing business with fiat. So, if you prefer a more traditional way to trade, then you need to provide certain identifying information to the exchange.

If you're interested in being anonymous, and don’t want to provide any personal information to the exchange, then you have a few options, including:
- true decentralized exchanges like BISQ,
- p2p trading sites like LocalCryptos or HodlHodl,
- anonymous exchange of cryptocurrencies for cash in person.

[Hyphen(-)]

Hello 👋  how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

You can choose some centralized exchanges, such as KuCoin, Hotbit, and several exchanges advised by our senior colleagues, but Binance demands Kyc before granting you access to trade with them, but those ones do not, and they are safe.

[Cryptmuster]

Hello 👋  how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

There are exchangers that do not require you to verify, that is, you can simply register with an email and use the exchanger. An example of such an exchanger can be KuCoin, I have been using it for a very long time and I have never had any problems.

You can also buy cryptocurrency through Bestchange.com, on this site you can find exchangers with which you can buy or sell cryptocurrency very quickly and without any verification. Look at the ratings of exchangers, read reviews and use. Coins will come immediately to your wallet, which is very convenient.

[o_e_l_e_o]

Don't use localbitcoins as suggested above. It might be peer to peer, but it is centralized and will absolutely require KYC and other information from you.

but those ones do not, and they are safe.

There is no centralized exchange in existence which is entirely safe, and even ones which offer non-KYC accounts such as KuCoin can and frequently do lock accounts and confiscate coins while they demand KYC. If you aren't comfortable submitting KYC, then you need to avoid all centralized exchanges.

[Blank-Head]

You can buy tokens in kocain or Hotbit without a National Identity Card number. But it can be done for a few things but you will see that these are safer if you have to do KYC. No exchanger is safe without KYC. So if you buy through what happened then you will be safe enough.

[mk4]

If you're referring to the typical exchanges like Binance and Coinbase, then you really can't; unless you're planning on exchange token <-> token.

Your only choice if you don't want KYC is to use peer-to-peer exchanges like LocalCryptos[1] and HodlHodl[2].

[1] https://localcryptos.com/
[2] https://hodlhodl.com/

[Desmong]

Hello 👋  how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

You don't have to bother yourself much cause their are exchanges that forms not ask for all those private details from customers. Popular exchanges like Binance, Crypto.com etc will always ask for your credentials doing KYC which is the main reason why many crypto investors do not use exchange to buy or sell their cryptocurrency. Their are few exchanges like Kucoin that requires simple verification not compared to the normal KYC that needs important details.

[sunsilk]

As mentioned, only a few of them really would allow you to purchase it without passing on their KYC. So aside from those given p2p exchanges, you can do it actually in your locality if you ever find your crypto community near you.

That removes the anonymity since you get to know those people and as well as you but it's completely direct transactions and payments upon meetup although there's a risk on this one. So the trick is to meet up near police station or in a crowded place.

You can buy tokens in kocain

You mean kucoin.

[cryptoaddictchie]

Hello 👋  how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

Use dex instead of cex to avoid submission of kyc. But if you are fond of using a limit style trading then trade on cex that dont need kyc. Binance and kucoin can accomodate some of daily trades even without kyc but of course it is limited.

[Darker45]

Hello 👋  how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

Use dex instead of cex to avoid submission of kyc. But if you are fond of using a limit style trading then trade on cex that dont need kyc. Binance and kucoin can accomodate some of daily trades even without kyc but of course it is limited.

I'm afraid you're wrong. While KuCoin has a certain limit for unverified users, Binance doesn't. Binance requires that every single user has passed identity verification, intermediate identity verification. KYC with Binance is compulsory. Trades are not accessible to unverified users. It may not necessarily be the case in actual individual accounts, like mine that is unverified but has 160,000 BUSD daily limit, but the official policy is that Binance services are only exclusive to those who have passed KYC.

[cryptoaddictchie]

Trades are not accessible to unverified users. It may not necessarily be the case in actual individual accounts, like mine that is unverified but has 160,000 BUSD daily limit, but the official policy is that Binance services are only exclusive to those who have passed KYC.

I dont know, maybe for new users, cause I have a dummy account for binance which I am using for future tradings. Somehow, I can use it for leverage trading. But I didnt actually using it for withdrawal but only transfering via spot to spot to my main account and mostly using main cryptocurrency. I said so, cause Ive been using it. Based on my actual experience.

[dkbit98]

how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

You can use some centralized exchanges that still have no-kyc tier with some limitations, for example Kucoin, but there is always a risk of your account being frozen and your coins confiscated for any reason.
To be fair, this could all happen with all other centralized exchanges even if you pass verification and send them all documents, or they can be hacked resulting in losing your coins.
Best thing you can do is using decentralized exchanges like Bisq, or P2P and face-to-face trading in your local area.
There are always risk with all trades, and all you can do is minimize it best you can.

[bittraffic]

Its not safe on centralized exchanges if you plan to buy in huge amount. The moment they figure, you are buying bit by bit, they'd suspect its what you are doing. It's the usual thing already.

I see now problem with buying BTC from localbitcoins and localcrypto, or even on some dex, its the cashing out that you might encounter problems if you are a very private person. Most of those platforms are going to ask KYC like it or not. They may ask where your source of funds or employment pay slip for the last 3 months.

[Daodex]

There is nothing wrong in KYC but just make sure you choose your exchange wisely, I use binance exchange and its been like 4 years already that I've passed KYC on the exchange even when they don't force KYC on their users, anyways you can still use Kucoin and CoinEX exchanges without having to pass KYC verification.

[o_e_l_e_o]

I see now problem with buying BTC from localbitcoins and localcryptop

LocalBitcoins has required KYC for years. I've never heard of anyone ever being requested to complete KYC on LocalCryptos, and I use it semi-regularly without KYC. Do you information to the contrary?

or even on some dex

If an exchange says that it is a DEX but asks for KYC, then it isn't a DEX. It's a simple as that. If there is a centralized entity which is collecting KYC data, then the exchange is centralized.

There is nothing wrong in KYC

You mean apart from risking identity theft and having literally your entire life ruined? Why KYC is extremely dangerous – and useless

[BD Crypto]

There are some decentralized exchanges where you have no need to submit kyc documents and you can buy coins with the most security. Some centralized exchanges also have opportunity to buy coins without kyc verification.