Which will be best non-KYC exchanger after Ku-coin?

[Beparanf]

As we all users of kucoin have knows the news of Ku-coin putting the KYC verifications mandatory for all users on 15 july 2023.
Ku coin was one of my favourite reliable exchanger specially for the non kyc system. But now they are also putting kyc mandatory ,
So I need some suggestions Which can be a reliable non kyc exchanger like kucoin?

Are you a P2P user? I think OKX and Huobi are the only best choice as an altenative for Kucoin if you are not a P2P user. All the CEX requires KYC for P2P users that’s why I ask this question at the beginning.

The rest of exchange that doesn’t have KYC requirements are low tier exchange/low liquidity exchange. I don’t recommend using this exchange at all just to dodge KYC because you are literally gambling your funds once you deposit on these low tier exchange because they low liquidity on orderbook that cause huge price impact and sometimes they freeze account for unknown reason.

[ultrloa]

Use dex instead of centralize exchange if you want to avoid KYC since it will implemented to all of CEX.

Apparently, many people still do not understand that centralized and decentralized exchanges sometimes perform completely different tasks for a crypto user, so they try to oppose these services to each other as a full-fledged alternative, as if centralized and decentralized exchanges differ only in that on CEX there is KYC, but on DEX it is not, and there are no more differences between them.

Therefore, such advice looks like this:

- The frame of my truck is broken, please recommend another truck.
- Use a passenger car, there is no frame, which means that a repetition of the problem can be avoided.
 

It's like temporary solution only for those people who would like to use an exchange but they can't afford to trust to hand their KYC to any platform whether its trusted or not. But for sure if they would find out that they still need to use Cex for sure they will comply to the requirements and get back to the normal trades they do. For me I don't have any problem regarding on Kucoin new implementation since I'm expecting them to do what binance implement to their users.

[20kevin20]

If you’re keen on using a CEX, Coinex is the only remaining one I know of. All the others had to kneel and accept their fate as a now-KYC-mandatory CEX.

But it’s best to keep CEX wallet balance low anyway. You literally have no idea when another CEX decides to impose KYC without notice.

[dzungmobile]

If you’re keen on using a CEX, Coinex is the only remaining one I know of. All the others had to kneel and accept their fate as a now-KYC-mandatory CEX.

They are not Tier 1 exchange and you will have more wash trading volume on Coinex. Coinex ranking on Coinmarketcap is 65 with Trust score is 4.9

But it’s best to keep CEX wallet balance low anyway. You literally have no idea when another CEX decides to impose KYC without notice.

Good warning but suddenly new requirement for their service, KYC, is not a worst risk type. You can submit documents and complete KYC. Of course I know risk of failed KYC verification but you have some attempts to do it.

Worst risk type is they can suddenly be seized by government, close their service or scam exit without any chance for you to KYC or withdraw your coins.

[BlackHatCoiner]

From my experience, the best, non-KYC are Bisq and RoboSats.

IMHO, the absolute best platform for buying bitcoin without any KYC is RoboSats. Their model is the best that I have ever come across for a few reasons.

True, best exchange, but it loses in centralization in comparison with Bisq. However, due to the cost of doing on-chain transactions and paying extra in Bisq, I'm staying in RoboSats. Keep in mind the Bisq team is working on trading with lightning; can't look forward on buying XMR with LN-BTC and selling LN-BTC for fiat via Bisq.

[onecall123]

Kucoin has truly been a delightful experience for me, one of my favorites non-KYC exchanges. However, it saddens me to hear that Kucoin will soon be implementing mandatory KYC requirements. This new KYC update is expected to impact a significant number of users across the globe.
As we adapt to this transition, it's necessary to explore alternative non-kyc exchanges such as Kraken and Gate.io, which also hold promising. I'm particularly interested in hearing the thoughts and opinions of others regarding these.

[Yamane_Keto]

By the way, DEXs are also hacked and people lose money there too, often through smart contracts. But it’s not customary to talk about this, for some reason everyone remembers only about hacking centralized exchanges.

The real DEXs cannot be hacked because the word hack comes from the access of a third party to central servers and any DEXs that is hacked is not decentralized. You can say that you can be scammed in a decentralized exchange but your money cannot be hacked.

A commonly used hacking definition is the act of compromising digital devices and networks through unauthorized access to an account or computer system. Hacking is not always a malicious act, but it is most commonly associated with illegal activity and data theft by cyber criminals.

Decentralized exchanges are not as good as decentralization advocates make them out to be. There are also a lot of lousy moments, lack of tools for trading, lack of order books that are so familiar to a trader, low liquidity, high slippage, high commissions when exchanging tokens or when trying to swap tokens that are on different blockchains. To do this, you have to additionally use bridges, add support for tokens in wallets.

Your words are correct, but the problems of DEXs currently lie on the user side of a lack of liquidity, which causes slow execution of orders, and there may be no trading pairs for some local currencies. An example of a successful decentralized exchange is Bisq. Increasing the use of these platforms will enhance its strength.
But in any case, it will not become as fast as CEXs.

Do you seriously think that some kind of Robosats, xchange.me is a great alternative to KuCoin for a trader? Funny.

For a trader, no, but for someone who wants to trade bitcoin for cash or any cryptocurrency, yes.

From my experience, the best, non-KYC are Bisq and RoboSats.

IMHO, the absolute best platform for buying bitcoin without any KYC is RoboSats. Their model is the best that I have ever come across for a few reasons.

Interested, it's the first time I've heard of this platform, I'll give it a try. thanks

[FatFork]

By the way, DEXs are also hacked and people lose money there too, often through smart contracts. But it’s not customary to talk about this, for some reason everyone remembers only about hacking centralized exchanges.

The real DEXs cannot be hacked because the word hack comes from the access of a third party to central servers and any DEXs that is hacked is not decentralized. You can say that you can be scammed in a decentralized exchange but your money cannot be hacked.

Well, that's not entirely true. Hacking usually refers to gaining unauthorized access or manipulating computer systems or networks, often with malicious intent. It involves exploiting vulnerabilities in software, hardware, or network infrastructure to gain unauthorized control or extract sensitive information. But, this doesn't mean that a system has to be centralized to be hackable. One example is DNS hijacking / redirection attack. The DNS system is completely decentralized, but it is still subject to malicious attacks (hacking). By a similar principle, all decentralized services are vulnerable to attacks. Even the Bitcoin network (just because something is very difficult to do, doesn't mean it's impossible).

As for (real) DEXs, they can be (were) hacked by exploiting flaws and vulnerabilities in smart contracts running on decentralized platforms, which can lead to unauthorized access or manipulation of funds. It is therefore very irresponsible to claim that they cannot be hacked.

For reference: Smart Contract Attacks: The Most Memorable Blockchain Hacks of All Time

A commonly used hacking definition is the act of compromising digital devices and networks through unauthorized access to an account or computer system.

This is a commonly used definition, not the only definition.

[Z390]

Simple question, any other exchanges that are not centralized exchanges, because centralized exchanges are the ones that. Are too much about KYC verification, start using uniswap like platforms or the DYDX platform, you don't need to use or pass KYC verification before you can trade your Bitcoin or other assets.

It's a shame that the most trending crypto exchanges in this space are all centralized exchanges, we need more active decentralized exchanges and not just active, the reason why most users still prefer centralized exchanges is because of the users experience.

[Yamane_Keto]

One example is DNS hijacking / redirection attack. The DNS system is completely decentralized, but it is still subject to malicious attacks (hacking). By a similar principle, all decentralized services are vulnerable to attacks.

Can you come up with a source that the Domain Name System (DNS) is a decentralized system? AFAIK, DNS is a distributed system with hierarchical implementation of many central nameservers.

Even the Bitcoin network (just because something is very difficult to do, doesn't mean it's impossible).

No, you cannot hack Bitcoin as a network, but you can double spending. we can say you can hack a bitcoin wallet or a cryptocurrency exchange not Bitcoin Blockchain.

As for (real) DEXs, they can be (were) hacked by exploiting flaws and vulnerabilities in smart contracts running on decentralized platforms, which can lead to unauthorized access or manipulation of funds. It is therefore very irresponsible to claim that they cannot be hacked.

As I said they are not (real) DEXs but backbone bridges, these backbone bridges can be hacked. It is better to say that these bridges do not require KYC and are not decentralized.

[Coyster]

start using uniswap like platforms or the DYDX platform, you don't need to use or pass KYC verification before you can trade your Bitcoin or other assets. 

Uniswap/DYDX platforms doesn't support trading Bitcoins, it is for ERC-20 tokens and Defi scams, if you want to recommend decentralized exchanges for trading Bitcoin, then there's Robosats and bisq.

It's a shame that the most trending crypto exchanges in this space are all centralized exchanges, we need more active decentralized exchanges and not just active, the reason why most users still prefer centralized exchanges is because of the users experience.

Decentralized exchanges are around and active for you to trade if you decide to, they usually don't have drama about dishonesty around them like centralized exchanges, but it doesn't mean they aren't around and active.

[Renampun]

There are several peer-to-peer options available but most of them suffer from a lack of liquidity. As far as centralized exchanges go the ones that could be considered as having an excellent reputation are very few and there is no certainty wether they will continue to accept unverified customers. Every single centralized exchange I've used eventually made KYC mandatory.

sometimes liquidity issues keep people from using P2P exchanges like Bisq. that's why a lot of people prioritize doing exchanges on centralized exchanges which only require KYC level 1 like binance, but for OP, you can try using agorasesk or utopia p2p, I haven't tried using those yet but from what I've noticed it seems that these two CEXs have good liquidity and is having hold a signature campaign.

but if you only want to make transactions in small amounts, you can try using remitano, for those who don't do KYC, the minimum withdrawal amount is $ 100 per day.

[Eureka_07]

As we all users of kucoin have knows the news of Ku-coin putting the KYC verifications mandatory for all users on 15 july 2023.
Ku coin was one of my favourite reliable exchanger specially for the non kyc system. But now they are also putting kyc mandatory ,
So I need some suggestions Which can be a reliable non kyc exchanger like kucoin?

To support Nwada001's statement, I suggest reading threads like this one: 8 Best Decentralized Exchanges, instead of relying on non-KYC exchange lists. Although I haven't read the entire thread, it's possible that you will find a decentralized exchange that suits your taste.

[Yamane_Keto]

To support Nwada001's statement, I suggest reading threads like this one: 8 Best Decentralized Exchanges, instead of relying on non-KYC exchange lists. Although I haven't read the entire thread, it's possible that you will find a decentralized exchange that suits your taste.

I will assume that these are decentralized exchanges, but they do not accept bitcoin because the way to manage the smart contract in bitcoin is not that flexible as in ethereum, and therefore you will find yourself looking for an exchange that locks your bitcoin and gives you locked tokens like WBTC.

WBTC is more risky than using a non-KYC exchange. At least you have the option on central platforms to evaluate your data or not, but on central platforms, unlocking Wrapped tokens means losing your coins.

[FatFork]

One example is DNS hijacking / redirection attack. The DNS system is completely decentralized, but it is still subject to malicious attacks (hacking). By a similar principle, all decentralized services are vulnerable to attacks.

Can you come up with a source that the Domain Name System (DNS) is a decentralized system? AFAIK, DNS is a distributed system with hierarchical implementation of many central nameservers.

DNS can be considered both distributed and decentralized, with some centralization at the root level. While the root DNS servers are managed and maintained by different organizations, the overall system does not have a single point of failure that can disable the entire Internet. If one root server or organization becomes unavailable, other servers can continue to handle DNS queries. Besides, the decentralized nature of DNS extends beyond the root servers.

This is a symbolic representation of the DNS hierarchy, not an operational structure.

Check out this map showing all 123 instances of DNS root servers by the end of 2006. It looks pretty decentralized, don't you think?


Source: https://en.wikipedia.org/wiki/Root_name_server

As for (real) DEXs, they can be (were) hacked by exploiting flaws and vulnerabilities in smart contracts running on decentralized platforms, which can lead to unauthorized access or manipulation of funds. It is therefore very irresponsible to claim that they cannot be hacked.

As I said they are not (real) DEXs but backbone bridges, these backbone bridges can be hacked. It is better to say that these bridges do not require KYC and are not decentralized.

It's not just the backbone bridges that can be vulnerable to exploits, but even the DEXs themselves and their smart contracts can be targeted by hackers. We've seen cases like the Scream protocol hack, where such vulnerabilities were exploited.

[dkbit98]

So I need some suggestions Which can be a reliable non kyc exchanger like kucoin?

Just use Bisq decentralized exchange, and forget about other centralized exchanges that will end up like Kucoin sooner or later, they are all time ticking ''bombs''.
One issue I have with Bisq is that it can only be used for computers, not for mobile devices, so I discovered one good option called Peach Bitcoin app.
Note that Peach Bitcoin can only work in Europe and there are some daily and monthly limitations for amount of money/coins you can exchange.

In cases when you need alternatives for Bisq you can visit kycnot.me website that has really nice suggestions, and it's updated on regular basis.

[dkbit98]

I want to trade pair Ripple\BTC, or LTC\BTC, and maybe also with cross leverage. Tell me, is there such an opportunity on Bisq? Or maybe on other decentralized exchanges?

No, you can't trade shitcoins like ripple on Bisq exchange, and there is Litecoin but there is no volume for that tradin pair right now (I guess you can always create your own offer).
Bisq is mostly used for trading fiat currency with Bitcoin or Moneor, and you can check all Bisq markets here:
https://bisq.markets/

For BTC-LTC maybe there are few more alternatives like BlockDX, AtomicDEX (not sure about volume), Atomic Swaps or some centralized swap exchanges like exch.cx.

[20kevin20]

They are not Tier 1 exchange and you will have more wash trading volume on Coinex. Coinex ranking on Coinmarketcap is 65 with Trust score is 4.9

I know, but do tiers even matter anymore? Wash trading is about everywhere except maybe a handful of exchanges. All exchanges are about the same for me. Unless they're no-name, it's all risky. There's a chance you deposit to Coinex without a problem and then decide to go to Binance full KYC mode and they flag your deposit as suspicious, demanding for more information that isn't really necessary to begin with. OP asked for a no KYC exchange, this is the best one I have that still doesn't impose KYC to their customers.

[BlackHatCoiner]

They don't offer trading, they offer swap.

They're the same thing. Swapping, exchanging, trading assets, they're all synonyms. What you're referring to is how regular one trades, which in the case with retail trading is probably everyday?

Therefore, if these decentralized services cannot offer a full-fledged alternative to centralized pairs, one cannot say that one should forget about centralized services and switch to decentralized ones, since the use of centralized services does not always come down to a banal purchase, sale or one-time swap of one asset for another.

Well, sure, truly decentralized exchange doesn't come with all the commercialized shitcoins a centralized exchange provides, but I don't believe that someone who wants to buy bitcoin cares much about that.

People come to centralized exchanges to speculate, not to exchange

Not necessarily. I know lots who simply wanted to hold some coins for the long term, and they registered on some centralized exchange to accomplish it, and you know probably too. Decentralized exchange is for those.

[BlackHatCoiner]

If we are talking about high-frequency trading as a full-fledged activity, then CEX is much better and more convenient for this activity.

It's also a lot cheaper (in terms of transaction fees), because you don't need escrow or atomic swaps' fees. If I'm not mistaken centralized exchanges don't take commission when you want to, say, trade bitcoin for ethereum.

The use of exchanges is not limited to bitcoin alone.

Unless you're not a gambler of course, and just want cryptocurrency to spend it. Which, in this case, I think bitcoin is your best choice.