About my safety on exchange

[MidNite36]

There are still many exchanges that works without the need to pass KYC, you will only be restricted with a daily limit like 2BTC per day, here are lists of exchanges that allows trading and withdrawal without KYC verification.

1. Bitmart
2. Kucoin
3. Gate.io
4. CoinEX
5. Hoo exchange
6. Bitglobal

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[YOSHIE]

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?.

Almost all crypto exchanges operating worldwide are required to perform KYC verification, to comply with the applicable laws and regulations in your country.

I will cite how important KYC is to crypto clients and exchanges.

Customers are usually required to submit KYC details during account opening and at times when information changes. For example, if you legally change your name a few months after creating your account, you will be asked to update your KYC information.

If you do not complete the KYC process, you may not be able to access all features on the cryptocurrency exchange. For example, Binance.com allows customers to create accounts, use basic functions and perform limited transactions without submitting KYC information. To get full access and upgrade to higher deposit and withdrawal limits, customers must complete KYC verification.

Conclusion: From the quote above and adapted to your question, it is quite the opposite, most of us here exchange with the KYC process is safer than not implying KYC.

However, if you still want to buy crypto without KYC, you can buy it in trust wallet or metamask, but you still can't cash out in fiat form, only limited to buying it, so just buy crypto in your local area with KYC rules, it's safer for you.

One more question, why are you so afraid of the rules and the KYC system, are you committing a violation of law or a crime, that you are so afraid of an exchange that asks for your real identity, if you don't have any problem in your country I think KYC is not a big problem for you.

[o_e_l_e_o]

One more question, why are you so afraid of the rules and the KYC system, are you committing a violation of law or a crime, that you are so afraid of an exchange that asks for your real identity, if you don't have any problem in your country I think KYC is not a big problem for you.

Can we please stop repeating this incredibly incorrect notion that the only people who care about privacy must be criminals, and that only criminals care about their privacy? I don't have anything to hide, but I also don't have anything I want to share with anybody and everybody who is interested. You probably don't do anything illegal in your house, but you still have curtains on your windows. You probably don't do anything illegal online, but you still don't publish your browser history on your Facebook profile. The whole point of bitcoin is to not have random strangers and third parties start sticking their noses in to your private affairs, not to mention the massive security risk that comes with completing KYC.

Privacy is a fundamental human right. Without privacy, there is no freedom.

Allow me to quote myself from a few years ago:

I don't need to spend a lot of time dismantling the "nothing to hide" argument, because it is already widely discredited. I will share one of my favorite quotes on the topic though:

The old cliché is often mocked though basically true: there’s no reason to worry about surveillance if you have nothing to hide. That mindset creates the incentive to be as compliant and inconspicuous as possible: those who think that way decide it’s in their best interests to provide authorities with as little reason as possible to care about them. That’s accomplished by never stepping out of line. Those willing to live their lives that way will be indifferent to the loss of privacy because they feel that they lose nothing from it. Above all else, that’s what a Surveillance State does: it breeds fear of doing anything out of the ordinary by creating a class of meek citizens who know they are being constantly watched.

[KiaKia]

Thanks for your replies I am now using Huobi and Bitgert, they don't make KYC 100% compulsory

[Rengga Jati]

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?.

This is normal, there are concerns about the security of personally identifiable data requested for KYC on exchange platforms. Because we really don't know and they also may not be able to guarantee 100% data security.
As long as I know, Kucoin is one of the top exchanges that has several steps or levels of verification.
You can still do transactions and withdrawals although you are not doing KYC verification, but it will limit you to only 5BTC maximum in a day. If this is enough, I think it is enough for you.

Verification Level        Daily Withdrawal Limit
Unverified                            5 BTC
KYC1                                 200 BTC
KYC2                              up to 3000 BTC

You can read more here: Kucoin: KYC Guide

[o_e_l_e_o]

You can still do transactions and withdrawals although you are not doing KYC verification, but it will limit you to only 5BTC maximum in a day. If this is enough, I think it is enough for you.

As I pointed out earlier in this thread, you should only use a non-KYC account on KuCoin if you would be happy to complete KYC if you needed to to get back all the coins you are storing on their exchange, or alternatively happy to simply abandon all the coins you are storing on their exchange. Every centralized exchange which offers non-KYC accounts has the ability to demand KYC from any user at any time, and will lock your account and seize your coins unless you comply. If you don't comply, your coins are lost.

So yes, you can use KuCoin without KYC, but you are at constant risk of either having to complete KYC or losing everything you have on your account.

Far better to use DEXs which never request KYC and do not have the ability to seize your coins.

[Dunamisx]

Thanks for your replies I am now using Huobi and Bitgert, they don't make KYC 100% compulsory

That means you still have lot of lapses regarding that because they are centralized exchanges and can at any fucking time demand for KYC, expose you to government or got your assets lost completely if they were attacked, why not use a decentralized exchange and remain safe just as advised by o_e_l_e_o here you can independently had access to your coins without barriers at any point in time since you're in possession of the keys to get them even if you have a change in device used.

[Issa56]

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?.

Yes you can buy coin from exchange without doing kyc, but if you want to use P2P in the exchange you don't have choice than to submit your kyc. If you are playing to be buying coin in an exchange and you don't want to submit your kyc then I will recommend you make use of kucoin, kucoin exchange those not make it mandatory for users to complete their kyc but if you want use their kyc they have know the user to have scam. Also you can use decentralized exchange like pancake and Uniswap they don't require kyc.

[Solosanz]

Yes you can buy coin from exchange without doing kyc, but if you want to use P2P in the exchange you don't have choice than to submit your kyc. If you are playing to be buying coin in an exchange and you don't want to submit your kyc then I will recommend you make use of kucoin, kucoin exchange those not make it mandatory for users to complete their kyc but if you want use their kyc they have know the user to have scam. Also you can use decentralized exchange like pancake and Uniswap they don't require kyc.

Not all P2P platforms are no KYC, Binance P2P is the example of P2P platform that would ask KYC.

You're wrong to suggest Pancakeswap and Uniswap as the decentralized exchange to buy Bitcoin, there's no way you can buy Bitcoin using Pancakeswap and Uniswap since they're only use ETH and BSC chain. You're only can bought fake Bitcoin e.g. BTCB (Fake Bitcoin run in BSC chain) and WBTC (Fake Bitcoin run in various chain). It's not even a decentralized exchange, but a swap exchange.

The only truly decentralized exchange is only Bisq and it's not good to use Kucoin as been stated by @o_e_l_e_o above.

[AakZaki]

That means you still have lot of lapses regarding that because they are centralized exchanges and can at any fucking time demand for KYC, expose you to government or got your assets lost completely if they were attacked, why not use a decentralized exchange and remain safe just as advised by o_e_l_e_o here you can independently had access to your coins without barriers at any point in time since you're in possession of the keys to get them even if you have a change in device used.

Regarding KYC, some exchanges that initially did not do KYC are currently asking all members to do valid KYC. The security of each exchange will be different and no system is secure, everything will be hackable. the best way is to store assets in a personal wallet with full access and only we ourselves can access it. But for the use of the exchange it is only used when you want to trade with some of the assets that are used and in some time will be back deposited into a personal wallet.
If you really don't want to do KYC better do use a DEX exchange as o_e_l_e_o said.

[Cookdata]

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?.

Centralized exchanges are the last place you may want to buy coins if privacy is an utmost priority to you, as soon as you submit your documents, that is all. My problem with these exchanges these days is that they do have problems on daily basis with government agencies which makes it difficult for me to even trust them, I know government organizations aren't different but both they have common goals which are always self-interest. Do not do KYC, and don't send your documents to any group of organizations just to buy any coin, you don't know what they might later do with them.

You can make use of any decentralized exchanges of your choice as an alternative to exchanges that require document verifications.

[libert19]

You could use p2p exchanges in your country or could buy from your irl friend or something. I never feel safe with kycs, but then again for fiat >> crypto, you likely have to go through it.

[Marvell1]

Not all P2P platforms are no KYC, Binance P2P is the example of P2P platform that would ask KYC.

To be able to use P2P, all must KYC, this is to prevent money laundering and trade fraud.

You're wrong to suggest Pancakeswap and Uniswap as the decentralized exchange to buy Bitcoin, there's no way you can buy Bitcoin using Pancakeswap and Uniswap since they're only use ETH and BSC chain. You're only can bought fake Bitcoin e.g. BTCB (Fake Bitcoin run in BSC chain) and WBTC (Fake Bitcoin run in various chain). It's not even a decentralized exchange, but a swap exchange.

Yes, the bitcoin you get here are not real bitcoin.

The only truly decentralized exchange is only Bisq and it's not good to use Kucoin as been stated by @o_e_l_e_o above.

As for buying bitcoins on Kucoin exchange, I don't think it is too bad since they do not force you to do KYC, there might be some limitations with non-KYC accounts, but I do not see too much impact on Bitcoin buying as a whole. You can buy bitcoin on kucoin and then you can transfer it to your personal wallet it doesn't reveal your identity.

[Rufsilf]

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?.

Never mind the KYC as it gives you additional funds and account security especially if you are dealing huge amount but provided that you are sending it to the right person or exchanges or else it will fall into the wrong hands. But if you are too concerned about this KYC thing, I will say that it was hard to find reputable exchanges that never ask that. In fact, Binance doesn't ask this before but due to an increase in scams and hacking incidents, leads to such actions.

[Widdop37]

I use Huobi, Bitget and Gate.io for crypto purchase without KYC verification, there will be some limit on buys per day but that's if you want to buy a very big amount worth of token or coin, so far only Binance exchange forced KYC on users from the list of the best exchanges that I like.

[PowerGlove]

To be able to use P2P, all must KYC, this is to prevent money laundering and trade fraud.

Huh? I think you got your wires crossed there. If a P2P platform requires KYC, stop using it, because then it's not genuinely peer to peer. On a properly designed P2P exchange, you will never be required to attach your real identity to your account or to any given trade (although your payment method might expose you, so be careful).

[Issa56]

Not all P2P platforms are no KYC, Binance P2P is the example of P2P platform that would ask KYC.

I think you don't get my Point, maybe you should try and read the post again, I said you can buy coin in some exchange but if you want to make use of any exchange P2P you have to submit your documents, If am wrong pls you can list atleast one exchange which you can use their P2P without submitting kyc. You can make use of kucoin exchange even without submitting kyc, but you can't access their P2P futures if you don't submit your kyc.

You're wrong to suggest Pancakeswap and Uniswap as the decentralized exchange to buy Bitcoin, there's no way you can buy Bitcoin using Pancakeswap and Uniswap since they're only use ETH and BSC chain. You're only can bought fake Bitcoin e.g. BTCB (Fake Bitcoin run in BSC chain) and WBTC (Fake Bitcoin run in various chain). It's not even a decentralized exchange, but a swap exchange.

Am not really sure about what you mean by  bitcoin runs in different chains are fake, I don't know how true it is, but the OP mentioned coins and he didn't specify if he is buy bitcoin or not, the OP said coin so its not compulsory he buys bitcoin, and I can tell you if you don't want to reveal your identity to any exchange then its better you go for decentralized exchange.

[boyptc]

Thanks for your replies I am now using Huobi and Bitgert, they don't make KYC 100% compulsory

Just don't surpass the limit that they've given to unverified accounts. Yeah, they may not require you 100% KYC for now but eventually, anything can happen.

So, should you be asked for KYC, it's because of the policies that they have and it can be done to any of their customers so just be prepared for that to happen at any moment.

Also, when your withdrawals are quite high for them, they'll force you to KYC. That's the other side of these non-kyc centralized exchange at first. Binance was once like that.

[Dunamisx]

That means you still have lot of lapses regarding that because they are centralized exchanges and can at any fucking time demand for KYC, expose you to government or got your assets lost completely if they were attacked, why not use a decentralized exchange and remain safe just as advised by o_e_l_e_o here you can independently had access to your coins without barriers at any point in time since you're in possession of the keys to get them even if you have a change in device used.

Regarding KYC, some exchanges that initially did not do KYC are currently asking all members to do valid KYC. The security of each exchange will be different and no system is secure, everything will be hackable. the best way is to store assets in a personal wallet with full access and only we ourselves can access it. But for the use of the exchange it is only used when you want to trade with some of the assets that are used and in some time will be back deposited into a personal wallet.
If you really don't want to do KYC better do use a DEX exchange as o_e_l_e_o said.

Exactly right, another loophole many gives little attention to is privacy with their gambling experience, they focus on having only privacy with their bitcoin investment and trading but risk that with gambling, i believe if one must make use of of a secured network like that in bitcoin then it must be maintained althrough in every activities that involved the use of bitcoin even while gambling, there are many online casinos that are free of kyc, just as one avoided centralized exchange then KYC casinos must be avoided as well.

[Munir575]

There's nothing really wrong with KYC, but you should pick your exchange carefully. I use the Binance exchange, and I've been verified for KYC there for about 4 years now, even though they don't require it of their users. You can still use the Kucoin and CoinEX exchanges without having to be verified for KYC, though. If you intend to buy in large quantities, centralized exchanges are not secure. They will become suspicious of your actions the instant they realize you are buying in small amounts.