Did I can make platform without KYC verification

[Hamza2424]

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Still not clear with the Ops intention Op said Bitcoin was for the decentralization and P2P anonymous medium of exchange but then Centralized exchanges jumped and started controlling crypto and they did and they are doing by manipulating the market from time to time. So coming up next to it I would like to add up things now OP is asking for a decentralized exchange without KYC.

Answering after explaining the query, Op we already have such types of platforms in the market such as decentralized exchange for trading crypto and even crypto to fiat we can trade with just the mechanism which OP is interested in. So OP if you want to know about these platforms s you can learn by just a few searches even I will give the hints to you.

►Mention on which Chain you are holding assets
►Search with the name of the chain about decentralized exchanges available on that exchange.
►Simply connect your wallet with that platform and enjoy decentralized trading with smart contract-based marketplaces.

[blue Snow]

I'm not sure that's enough to verify account ownership data. and I think KYC will still be the solution to such exchange platform problems.
although I'm not really into KYC, it seems that all data nowadays can't be truly anonymous. everyone is more open with their data to accelerate their activities.

KYC is something to watch out for, because the platform can sell your KYC everywhere for other purposes (like Election and credit card data fraud) I know that because ever experienced almost got scammed by credit card fraud a day ago, the scammer finds my KYC (ID Card) detail on ( I really sure) buy on the black market.

If I were a newbie, I will avoid KYC (this is an attention and dangerous thing).
So, if I can buy bitcoins on a decentralization exchange (without KYC), I will buy there even if it's more expensive than centralization or regular exchange with KYC.

[Dr.Osh]

I think there are some CEX's that nowadays can be used even when we don't do KYC. however, deposits and withdrawals will be limited per day. for DEX I rarely use it and haven't found one yet. But I suggest sticking with the popular CEX and doing KYC. it's safer, and more reliable because the CEX already has regulations from the government. although I'm sure you want to make anonymous transactions, however, if you use CEX, then you will still provide the data that you have such as bank accounts, and others.

[rat03gopoh]

My question is can we make platform that can we verify account by deposit only .

If your bank accounts can recognize you by crypto address then so can you.

Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

You should know these days, even (mostly) non-KYC p2p services are slowly shutting down for reasons that aren't very clear, but everyone suspects that tighter regulations have hit them.
Some of the top exchanges that used to boast of being KYC friendly are now only a few left.

[blockman]

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

There is no kyc in using bitcoin but kyc comes from exchanges where you deposit bitcoin. And this is for those centralized exchanged out there and we cannot do anything about it. There are exchanges that will not force you to kyc but you will get limited move and transfers while being there and then there is no certain time until they will allow you to do that.
That is like they will change the rules of their non kyc usage into forceful compliance of it.

[hugeblack]

It depends on the nature of the platform. If it is central, yes, you can do that, but you will be considered providing a money laundering service, and therefore you will be tracked and detained. You may try to hide your identity, but it is difficult to manage an activity with thousands of transactions per day without going through the banking system, especially if there is acceptance of transfers from and to cash.

If it is decentralized, things will be different, but your problem remains in providing sufficient liquidity.

[avikz]

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Anonymous P2P trade is a dengerous idea. I personally would never trade crypto to fiat in such a platform where KYC verification is not needed. It is highly likely that dirty money will get mixed in the economy and the receivers will be summoned by police. When it comes to bank, I would not risk an anonymous transfer to my bank account.

However, if you are trying to build a crypto to crypto exchange without KYC, you are welcome. But ensure to register it in such a country where government will support such initiative.

[Aanuoluwatofunmi]

For sure you can make a no KYC required website and people will give your business good and reasona consideration because everyone needs to be private, then before you can achieve this, you also needs to go private yourself, a centralized entity cannot promise privacy and decentralization when it's not decentralized, find one to learn more on privacy and try work hard on this area because that's the major centre for running a no KYC required platform in other to avoid any failed attempts.

[Husires]

I remember several years ago there was a similar platform whose principle of operation was simple, as it was converting bank and PayPal into Bitcoin, the idea is as follows:

• You buy virtual currency inside the platform, for example, by Xcoin using PayPal.
• Within that platform, you can switch between that virtual currency to Bitcoin.
• You can withdraw bitcoin.

There is no direct conversion between bitcoin to PayPal, but rather the use of an intermediary currency.

This website has been working for several years but they stopped due to regulations as the company's bank accounts were banned.

[Sadki004]

My idea it's website that you can deposit real money or real crypto and work just with P2P verification here just by deposit and people who will deposit money I can use e-commerce plugin so the government when they track money they found it going just to e-commerce website not crypto it's like I'm going to make two website one is for fake products but when u buy some of this product u will have money in your second website that u can change it by crypto

[justdimin]

I remember several years ago there was a similar platform whose principle of operation was simple, as it was converting bank and PayPal into Bitcoin, the idea is as follows:

• You buy virtual currency inside the platform, for example, by Xcoin using PayPal.
• Within that platform, you can switch between that virtual currency to Bitcoin.
• You can withdraw bitcoin.

There is no direct conversion between bitcoin to PayPal, but rather the use of an intermediary currency.

This website has been working for several years but they stopped due to regulations as the company's bank accounts were banned.

I would guess that you could do that today if you want to but that would be a bit of a trouble considering paypal also has a chargeback as well. So, if today I will give you bitcoin and you pay me in paypal, even if you end up paying first, then I would have to make sure that you do not do a chargeback. If you end up doing a chargeback, I won't be able to get the bitcoin back from you, but you would be getting the money back from me. How am I suppose to prevent something like that happening?

This is why I think as a business this is not a profitable one, it will be raided by people who would abuse such a thing and that is why it would not survive for too long.

[tjtonmoy]

KYC is a necessary evil from what I Know. You lose some, you get some. In order to ensure the security and trust, we have to rely on centralized exchanges and obey their rules, TA, privacy etc. There are some decentralized exchanges, but they are not that much trustworthy. And some of them are pure scam. So in order to get a reliable service, we have to compromise our privacy at some extent.
But if you want to make some decentralized exchange, it will be quite hard to get people to totally trust on it. One thing you can use without any of these issue is crypto ATM. It doesn't require any KYC or anything. But it's not widely spread. So depends on availability. I don't think there's any secure method than this.
One more thing I want to add is that, if you use BTC as BTC and not convert them to fiat or other crypto currency, you can easily use it in decentralized method which it was created for. That's all.

[FUCKBSVFUCK]

I don't think it's possible to make a platform without KYC verification. There are many platforms that are
already doing this, but they are not going to be able to do it. 
 
You can check the history of the platform and it will be up to you whether you want to
spend your money or not. 
 
If you want to make a platform without KYC verification, you have to be very careful
about the risk of getting hacked.

[FUCKBSVFUCK]

I don't think it's possible to make a platform without KYC verification. There are many platforms that are
already doing this, but they are not going to be able to do it. 
 
You can check the history of the platform and it will be up to you whether you want to
spend your money or not. 
 
If you want to make a platform without KYC verification, you have to be very careful
about the risk of getting hacked.

[wiss19]

I still feel fine about KYC, people are overreacting about it. First of all government has all of my info, literally down to my shoe size, so there is absolutely no reason to try to avoid anything from the government. Secondly, if bad people get the information, they would get my ID information, and that is already leaked a million times already, if you think that your ID is not shared in the darknets then you haven't been in darknets a lot, and that's I suppose a good thing.

All in all, there is absolutely no reason for me to fear giving Binance my KYC for example, maybe too shady places would be futile, because why would I, but there is nothing wrong with the ones we have right now, that ain't going to change. Binance will protect it better than your government protects it, I can guarantee you that much for sure.

[abel1337]

Well, I hope that there will be a successful decentralized p2p platform in the future. There are certain problems with centralized p2p also even that they have KYC. There are still scammers trying to make money on doing p2p trading, as I once been a potential victims of those scammers. I believe that the scammers will spread more if they have been given a chance to have a decentralized profile as they can just create a brand new one after being reported as scammers. Also, I think it will be hard for a pure decentralized p2p platform to exist given that the buyer and seller certainly need to provide their bank account, e-wallet or other sort of payment option to  send the fiat money. There are possible problems but I hope that someone will have a genius solution to this and will create a reliable platform.

[Blowon]

actually you can do that, it even makes your platform condensed with its decentralized characteristics as cryptocurrency. the problem is how the financial rules in your country. can they allow you to create a platform without data from users as usually it is related to security of user data in case of future problems. different from the original crypto because it doesn't require KYC for data because it is processed directly by the system.

[ItsCrafty]

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

You want a platform where you have two wallet. crypto wallet will be same like other exchange have and you want one extra wallet also where only our real money (fiat) will be deposit and withdraw. This is possible but how will you add fund to your second wallet? If you want through bank than your identity will be also disclose by somehow. if you want to do this by P2P there will be too much scam risk involved. People are scamming now in P2P despite of KYC approved. what will happen if this system created without KYC and bank details added?

Many Cex are working to operate their exchange in many countries and for this purpose security is must. for this security they ask for KYC to decrease the scam chances.

[Hamza2424]

The question is still unclear but i think I got you.
So you are trying to say that you need a platform for P2P trading or decentralized trading without KYC I think many platforms allow you to just deposit and start trading. If your primary concern is not trading then in leading and yield farming also you can now freely move without KYC. But if you are involving the fiat in it it might be illegal according to the residential law enforcement policies.

KYC standard was to control the outflow of the fiat and for avoiding money laundering type of things but you can still find some of the platforms offering decentralized services without KYC. On the point of controlling crypto or Bitcoin, I am not sure about crypto but Bitcoin can't be controlled in a proper way according to my understanding.

[ScamViruS]

The reason of making Bitcoin in the first time is decentralized money and make P2P safely but now we can see many platform start controlling this crypto currency by KYC .
My question is can we make platform that can we verify account by deposit only .
Account have two wallet one of crypto and other with real money he can swap and withdrawal money or crypto anytime

Your thinking is correct. But the exchanges are forcing their customers to do KYC when trading on their platforms, because the exchanges are regulated under the regulatory authorities, so even if the exchanges want to, they cannot do anything beyond that.

So if you want to hide your identity then you can use decentralized exchange where there is no hassle like KYC. But you must know how to use decentralized exchange, since you will have control of your own funds.