ㅤ

[_musab-scorpion_]

On OKX, i was able to use derivative trading, and able to withdraw to certain amount. I left the exchange for like a month or two. When I go back to the exchange, i deposited some amount of bitcoin. I converted it to USDT. A time came when I wanted to move the USDT to another address, i was asked to verified my mobile number. I was unable to withdraw until I was able to verify my mobile number. I wanted to create a thread about this some months ago when it happened, but i just think it is not necessary because it is still a centralized exchange.

This happens quite often if you use the OKX exchange strictly for depositing / withdrawing coins with small amounts, as an exchanger. The exchange does not like this and therefore may ask people to verify their phone number. Any centralized service is a risk, but  have not yet created a full-fledged DEX that would completely replace exchanges like OKX, so their use will still be relevant. But now it is already such a time that most crypto users are not at all embarrassed by KYC.

We requires KYC in the most of the exchanges in the list….as like Bitget ..I’m using Bitget for trading purposes and it requires KYC before any withdrawal and deposit….so the list must be updated I think….

I used to use OKX also and it also requires to done KYC first before any trading and all that stuff

[1714753529]

1714753529

[1714753529]

1714753529

[1714753529]

1714753529

[Oshosondy]

I used to use OKX also and it also requires to done KYC first before any trading and all that stuff

OKX will not require KYC up to certain amount of money that you want to withdraw. My complain was that they asked me for my phone number and verify the phone number through text message received with the phone number from OKX before I was able to withdraw my $40. I was disappointed to see that, but some people will not consider that as KYC because sim card can be gotten in some countries without registration and some people can use fake identity to register sim.

[OmegaStarScream]

-snip-
First, a baybit, now an okx, the last hope for kucoin and huobi remains, the rest of the exchanges are already of a lower rank, and their functionality is poorer.

I could be wrong but I think this has something to do with them moving to Dubai. Both Bybit and OKX received a provisional license to operate in Dubai last year and just a couple of weeks ago Bybit announced opening their HQ in Dubai, and then they required KYC shortly (a couple of days) after. So it's very possible that OKX is preparing for the same thing.
 

[cryptofrka]

I don't know how I missed this thread, I've been searching for something like this for a while.

After having to close Bybit acc, I narrowed it down to MEXC, Phemex and BingX - I'm happy to see they are all on the list as well. Any favorites?
BingX is shilled to me by the same guy that sent me to Bybit early on so I guess I'll try that one first.

Kucoin still does not have KYC? I was sure they implemented it months ago, I traded there a lot. They were hit hardest by UST fiasco so I ran away shortly after the Luna collapse.

[Bitcoin_Arena]

After having to close Bybit acc, I narrowed it down to MEXC, Phemex and BingX - I'm happy to see they are all on the list as well. Any favorites?
BingX is shilled to me by the same guy that sent me to Bybit early on so I guess I'll try that one first.

Kucoin still does not have KYC? I was sure they implemented it months ago, I traded there a lot. They were hit hardest by UST fiasco so I ran away shortly after the Luna collapse.

I don't know about BingX, but Phemex is pretty good. I use it often to trade derivatives using Leverage.

MEXC is still buggy and I don't trust it that much. Sometimes their futures price goes way off the index price perhaps because of manipulation and low liquidity and people get liquidated even before they blink. They also spam so much even on the notification bar.

Bitget is probably in the same category. Only thing good about those two is probably if you like to trade shitcoins as soon as they have been introduced. Those platforms tend to list them quickly

[Gladitorcomeback]

I am using four exchanges without Kyc now and all working well till now. The most safe exchange i think is Kucoin but now they are also looking for KYC just like Binance this why i withdraw my fund from Kucoin now and only using Bybit, Mexc and Bitget.

Bybit deposit and withdraw function is quite fast but problem here is that new coins are very rarely listed here while Mexc and Bitget is so fast to list new coins especially shit coins.  for new users who always look for free money opportunity i will recommend Bitget and Bybit because there are lots of free guaranteed airdrop where you have to just register and do some easy task but i am afraid on these two exchange like FTx while Mexc is looking safe.

[Oshosondy]

I am using four exchanges without Kyc now and all working well till now. The most safe exchange i think is Kucoin but now they are also looking for KYC just like Binance this why i withdraw my fund from Kucoin now and only using Bybit, Mexc and Bitget.

I am using Kucoin and no KYC required yet. People can be thinking that Kucoin may require KYC later because of the regulatory pressure. Some weeks ago, Kucoin was unable to meet the regulatory requirements in Canada and they are no longer able to provider exchange service to Canadians.

Bybit deposit and withdraw function is quite fast but problem here is that new coins are very rarely listed here while Mexc and Bitget is so fast to list new coins especially shit coins.  for new users who always look for free money opportunity i will recommend Bitget and Bybit because there are lots of free guaranteed airdrop where you have to just register and do some easy task but i am afraid on these two exchange like FTx while Mexc is looking safe.

What makes you not to trust Bybit? I use the exchange too. The withdrawal on all the exchanges that I am using are very fast, not only on Bybit. Among the ones listed here, I use Huobi global, OKX, Bybit and Kucoins. They all have fast withdrawal.

[OmegaStarScream]

I am using Kucoin and no KYC required yet. People can be thinking that Kucoin may require KYC later because of the regulatory pressure. Some weeks ago, Kucoin was unable to meet the regulatory requirements in Canada and they are no longer able to provider exchange service to Canadians.

I wouldn't expect Kucoin to do that without announcing it in advance. They're not that strict.

I know a few people who used the exchange from restricted countries, and Kucoin still allowed them to withdraw their funds when they detected that.

[Potato Chips]

Did people receive email/s prior to the 5K lifetime limit? OKX appears to be dead silent about this. I could only find one tweet:

#OKX has enhanced our KYC tiers, including withdrawal & deposit limits for KYC Level 1.

Users can unlock higher withdrawal limits & more features by completing a simple KYC Level 2 verification process.

DM @OKXHelpDesk
 for questions. 🤔

Digging a bit more on twitter and I see people who claimed to have not been informed about anything and has effectively locked the excess funds on OKX until they KYC. Pretty unethical move to not give people ample time to withdraw.

Just another day with CEx's ig... it's either we have to be prepared to KYC or forfeit our money.

[examplens]

With a simple registration on the exchange, there is a withdrawal limit of $20,000. You can easily increase this limit to $25,000 without going through KYC. I just tested this method and increased my limits. When passing the 1st level of KYC, you will need to fill out a form where you need to indicate your First Name, Last Name and ID number. I entered absolutely random data and the exchange immediately confirmed them, since this is just a formality and everything is confirmed automatically, like on OKX.

Certainly, I would not try or advise anyone to go through KYC with random data, are you aware that this can cause serious complications in case of an additional check? Would he risk holding money under such conditions?
How many times have we seen exchanges ask for subsequent KYC, with a selfie and the ID doc?

[Wapfika]

With a simple registration on the exchange, there is a withdrawal limit of $20,000. You can easily increase this limit to $25,000 without going through KYC. I just tested this method and increased my limits. When passing the 1st level of KYC, you will need to fill out a form where you need to indicate your First Name, Last Name and ID number. I entered absolutely random data and the exchange immediately confirmed them, since this is just a formality and everything is confirmed automatically, like on OKX.

Certainly, I would not try or advise anyone to go through KYC with random data, are you aware that this can cause serious complications in case of an additional check? Would he risk holding money under such conditions?
How many times have we seen exchanges ask for subsequent KYC, with a selfie and the ID doc?

I encountered this issue before, Exchange allowed me to update first the general information I provided before I submit an ID. Probably they knew that most of initial identity provided on the KYC is fake. I dod this both on gambling platform or exchange and I manage to complete both KYC without a problem.

I’m not sure if this is allowed on current ToS but I experience this on Bybit when they first launch their BIT token and I need to KYC verify my exchange account to claim my airdrop token.

[examplens]

Use my recommendations, and you are not afraid of any additional checks: My 7 years of experience with CEXs (4 years on Bitcointalk)

More like some kind of horror stories that you all retell to each other.

I have been on the forum for almost 10 years, that's exactly why I'm drawing your attention so that you give the wrong advice. You can risk your funds, but if you don't plan to cover possible losses due to your advice, maybe you should be careful when you confidently refer to your knowledge and experience.
Of course, unless you are a Kucoin representative here, then you can safely claim that filling out KYC with random data has no way of causing any problems.

In the end, I don't see why it would be a risk at all with your "method", even after the last date withdrawal will be allowed without KYC. Whoever wants to continue trading there, does not gain much by delaying the whole thing for 15 days.

Crypto exchange KuCoin is set to mandate know-your-customer (KYC) procedures for all clients starting July 15.

Users must complete KYC to fully access KuCoin's products and services, or they will face limitations, the exchange operator said Wednesday. If KYC procedures are not completed, users will only be able to use services such as spot trading sell orders, futures trading deleveraging, margin trading deleveraging, "earn" product redemptions and ETF redemptions, KuCoin said. They will not be able to make deposits to the exchange but they can withdraw.

edit: source https://www.theblock.co/post/236838/crypto-exchange-kucoin-mandatory-kyc

[OmegaStarScream]

-snip-
Quite right. Exchanges allow you to edit data that is not confirmed with real documents or selfies.

It's not all of them though. If my memory serves me correctly, Bittrex never allowed users to do that back when they enforced KYC so it's probably best to check with other individuals first.

[HONDACD125]

Unfortunately Kucoin is no longer exchange without kyc and now you have to pass full kyc documents if you want to use full features. New user after July 15 will not be able to use any service while old user deposit service will be impacted.

Check full detail in their twitter page

https://twitter.com/kucoincom/status/1674002527057252352?t=mGQQ9w-YzjmJ3MwdvWBNhw&s=19

[dkbit98]

0.001 BTC

I don't understand why Huobi and Poloniex exchange have such a high withdrawal fee... around $30 is a lot with current btc mempool state, but maybe they are making profit like this  
Based on this table and after recent Kucoin changes, it seems to me that MEXC looks like next best option, but it's certainly not without risk to use it.
Many if not all centralized exchanges got hacked at some point.

[hugeblack]

In general, OKX will soon turn into another exchange with mandatory verification, they just smoothly bring all non-verified clients to the need for KYC.

Unfortunately, they did. It's not 1000 lifetime limit, but almost since the beginning of this year^*, because I deposited $50 after seeing that notice, and it was immediately frozen, knowing that I had not used that account during the past two months.

Read ----> OKX frozen my account and required me to KYC with a less than $1,000 deposit

* Maybe more 

[examplens]

Let me remind you that this is a lifetime limit, not a daily limit, once you use it, you will no longer be able to use the exchange without KYC.

Does this mean that it is possible to create a one-time account, without KYC of course, make a deposit/withdraw up to $1000, then open a new account and so on?

Exchanges do not like such changes and therefore require KYC. Log to the exchange from the same devices and from the same IP, and there will be no problems.

Sometimes the internet provider changes the user's IP address, at least for those with dynamic addressing. These are completely normal things, nothing like that should set off a KYC alarm. When this happens to me, I usually have additional account verification through an email address or SMS/2FA confirmation.

[Bitcoin Smith]

@Ratimov I think you should review about Huobi Global in the list because user claims that he can't able to get the deposit address until they complete KYC.

The fact now is that you would need to pass KYC for any deposit or withdrawal on their platform.

Are you sure? Because their official ANN states
"Huobi Global will reduce BTC's maximum daily withdrawal limit to 0.06 BTC for users who signed up for a Huobi account but haven’t completed their ID verification, which will take effect at 16:00 on Aug. 8 (UTC). "

Adjustment on Max. Withdrawal Limit for Users without ID Verification

Before creating this thread I did check that platform. I did register and then tried to deposit USDT for which I needed the deposit address. At that time I was told by the platform that I need to pass KYC before any deposit. I feel you might have an account on that platform, go ahead and try to deposit cryptocurrency on Huobi Global.

Do share your experience after trying it.

[dkbit98]

I registered a new account and everything is fine: the withdrawal limit is 5 BTC, the deposit address is freely registered. Huobi is still a KYC-free exchange:

Is Huobi exchange still using old Legacy address format (starting with 1) as standard, or they have other formats like Segwit?
Another thing I always missed in centralized exchanges is ability to generate multiple deposit addresses, that is especially important for no-kyc exchanges.

[dkbit98]

CoinEX (provided that there was at least one transaction on the previous address, you cannot create empty addresses)[/li][/list]

I didn't know Huobi had this option, but if that is the case than they are one of the best non-kyc cex options, and they have nice 5 BTC withdrawal limit.
Last time I checked CoinEX canceled this option for Bitcoin for multiple deposit addresses, but it was still available for other altcoins.
This was long time ago and I can't verify what changed in last few years, but support didn't give me any valid reason why they made this change.