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

[BlackHatCoiner]

if I wanted to exchange bitcoin (equivalent to $1000) for $1000 USDT, then with the swap I I can get not $1000, but, for example, $997.89.

Comparably to swap-exchanges like Boltz, I think that a ~0.2% a pretty good deal.

If I want to speculate in the short/medium term in volatile markets, then Bitcoin is not the best choice.

I don't know what makes you say that with such confidence. You know absolutely nothing about an altcoin, unless you have insider information, which is not the case for the vast majority of retail traders. You know nothing about bitcoin in the short-term either, but at least you know it can't disappear.

[1715488649]

1715488649

[cryptoaddictchie]

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?

I think mexc doesnt need kyc if you are looking for cex type of exchange. I didnt do any kyc but able to deposit and withdraw funds from there. Can even trade different altcoins too. Im not sure what would be the effect of the kyc to kucoin users but definitely will have a huge impact. Im thinking they are being pinned down due to a lot of issues from the SECA about regulations so they are doing this.

[BlackHatCoiner]

To do this, the altcoiner has other metrics, such as tokenomics, unlocks, or a price chart.

And so do the predators above them. With the exception they have insider info as well and can pull the strings according to their payoff, which in a zero-sum game like most altcoins, this manipulation is not beneficial for the collective welfare.

By the way, altcoins are much more friendly to small deposits than bitcoin.

Not sure what "friendly deposit" means here. It can benefit small investors just as it can make their holdings worth zero.

In short-term trading, bitcoin's inability to disappear is of little value.

It appears to me valuable when I examine cryptos like Terra Luna, BitConnect, FTT, OneCoin and probably many others that went zero overnight and were in some traders' preferences at the time when that happened.

[Fuso.hp]

I have used kucoin exchange for a long time, during the time I used this exchange, there was no KYC problem in using this exchange. Recently, KYC has been made mandatory for this exchange due to security concerns. And I support it because having KYC verification gives a different level of security to the account. And if the account has KYC verification, fraud is less likely.  If KYC is now made mandatory then every user is required to do KYC on this exchange.

[BD Crypto]

And I support it because having KYC verification gives a different level of security to the account. And if the account has KYC verification, fraud is less likely.

The properties of Bitcoin is to be decentralized and anonymous, So why you are supporting to make it centralized and break anonymity?

Actually I either not support any centralized exchanges because there is a higher risk of your assets as you don't have full control on your assets. We know that "Not Your Keys, Not Your Coins". Still now centralized exchanges have many features for smooth trading and higher liquidity. But there your funds aren't secure and also your personal data what you have submitted to verify KYC . Centralized Exchanges can be hacked or either compromised and your personal information can leak in Dark Web or to the hackers. There are some benefits of doing kyc but the risks are worth considering.

[Pandu Geddon]

The properties of Bitcoin is to be decentralized and anonymous, So why you are supporting to make it centralized and break anonymity?

however centralized exchanges require KYC as their regulation. in the past many people were against KYC of exchange platforms as well as gambling platforms. they do it all for security reasons. if you are an active user of a platform that ultimately requires you to do KYC. then however you will be squeezed by your needs and desires.
if you don't like KYC, then you can use an exchange platform which until now still doesn't ask for KYC. it's just an option. if you don't want KYC, then we can move to another platform.

[Woodie]

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

I dont know about "Best" but if I recall well I think poloniex doesn't ask for KYC unless things have changed down their..

I have used kucoin exchange for a long time, during the time I used this exchange, there was no KYC problem in using this exchange. Recently, KYC has been made mandatory for this exchange due to security concerns.

Most exchanges once upon a time didn't have these KYC requirements unless you needed to withdraw above the set limit say for example 10k bitcoins ...unfortunately these features are nomore and most require KYC to be done.
 
And seeing the title to the thread, kucoin is nolonger a non-KYC exchange as can be seen by the photo when I visited their app

And I support it because having KYC verification gives a different level of security to the account. And if the account has KYC verification, fraud is less likely.  If KYC is now made mandatory then every user is required to do KYC on this exchange.

Maybe this is only because of regulatory requirements needed to operate in certain parts of the world...
Otherwise its only exchanges enjoying this whole KYC process and its an advantage on their side...
Talking of KYC, what happens to all the KYC data after its collected? Does anybody audit this data for any data tempering or trade...I don't think so!

[Saint-loup]

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?

No I wasn't aware of that, well it's sad because it was of the last large exchanges not requiring KYC. Now since OKX doesn't accept people from my country, only Huobi remains. It's not a bad exchange but I'm afraid they will ask KYC soon as well. Only smaller exchanges like Poloniex or Yobit would remain if it happens.

[cryptoaddictchie]

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.

This is so true. Ive using both and theres really a huge difference(not only in the kyc but the trading style approach) I suggested OP mexc which I think doesnt have KYC for doing some activity, but he didnt mentioned clearly why he has to use the platform? Does he gonna trade bitcoin alone, or some altcoins. Cause if they gonna trade bitcoin then clearly bisq is one of the best one to use since it doesnt have kyc at all, but if OP wanted to find the same caliber of features like kucoin then he must be probably looking for a feature pact exchange that does have any sort of activity like staking, leverage, and lots of volatile asset.

Ive read down some discussion and clearly you are aware of the difference. From someone's perspective we will have a huge debate especially if you are talking to someone not using any cex(or prefer not to).

I guess OP's need to response here for clarity of what his looking for. So users might suggest a specifically the appropriate market exchange.

[BlackHatCoiner]

The task of a retail trader is not to gain some advantage over the big players and manipulators.

The task of a retail trader isn't that, indeed; it's to take a small piece of their pie. That, obviously, isn't in favor of them.

Any asset can lead to such an outcome if it is not properly disposed of, even on bitcoin every year people lose billions of dollars, but this is not the fault of bitcoin

"Any asset" can't just go to zero. It needs to be a useless, piece of crap nobody uses but for trading. When trading bitcoin, gold etc., you know you can't just wake up the next day and have your holdings worth 0, which is very possible to happen with altcoins.

It is not entirely clear what you are trying to refute with your examples?

The commercialized mentality that has led people believe that they possess knowledge about the risks and rewards associated with their investments, when in reality, they are unknowingly investing in non-transparent financial schemes that fundamentally work against their interests.

[BlackHatCoiner]

Retail traders not only play against big capitals, they also play against the same retailers.

But mainly against big capitals. The cryptocurrencies that lure investors are those where the big capitals lie on.

Any crypto asset can cost zero, any, even bitcoin.

Come on now, seriously. If we follow that line of reasoning, then even food can go to 0 in a chaotic scenario, but it's orders of magnitude more improbable than a shitcoin going to 0. Bitcoin has a legitimate userbase, oppositely to almost every altcoin that is a zero-sum scheme.

[Taskford]

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?

No I wasn't aware of that, well it's sad because it was of the last large exchanges not requiring KYC. Now since OKX doesn't accept people from my country, only Huobi remains. It's not a bad exchange but I'm afraid it will ask KYC soon as well. Only smaller exchanges like Poloniex or Yobit would remain if it happens

After what happen to Kucoin where they have been implementing a mandatory KYC then there's a high chance thay Huobi will follow on this since they might encounter a legal issues if they still allowed non Kyc to use their platform. But since this implementation is already happening maybe newbie should normalize this Kyc thing and treat it as normal require to submit so that we wil comply on the requirements they ask.

[Saint-loup]

No I wasn't aware of that, well it's sad because it was of the last large exchanges not requiring KYC. Now since OKX doesn't accept people from my country, only Huobi remains. It's not a bad exchange but I'm afraid it will ask KYC soon as well. Only smaller exchanges like Poloniex or Yobit would remain if it happens

After what happen to Kucoin where they have been implementing a mandatory KYC then there's a high chance thay Huobi will follow on this since they might encounter a legal issues if they still allowed non Kyc to use their platform. But since this implementation is already happening maybe newbie should normalize this Kyc thing and treat it as normal require to submit so that we wil comply on the requirements they ask.

Well, since it's not a western exchange and they've been able to avoid chinese regulation, we can hope they will dare to refuse to follow american and/or european regulation at least for one or 2 more years. But I don't think they will manage to resist indefinitely to be honest.

[Dr.Bitcoin_Strange]

I have used LBank and MEXC, but the non-KYC requirement is just for certain withdrawal limits. If you must be able to withdraw a certain amount of Bitcoin or fiat, then you will definitely need to pass the KYC, which is just a way they can use to trap your coin. On Huobi exchange too, you are limited to a certain amount of withdrawal if you don't pass KYC. So my simple advice is the same as @Nwada001's. I don't recommend any of those CEX for you. Rather than seeking a Non-KYC CEX, just look for a good DEX that doesn't even require KYC before you can carry out your Bitcoin transaction.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[letteredhub]

With the high volume of exchanges surfaces all over the crypto industry we just don't need to put so much trust on these exchanges claiming no kYC, for when the authority puts pressure on them they would have no option to bow to such pressure to continue in business. The no KYC exchanges you know and talk of could be that they are still operating on no KYC requirements because the authority hasn't focus any pressure on them yet. Kucoin is current exemplified.

[cryptoaddictchie]

"Any asset" can't just go to zero. It needs to be a useless, piece of crap nobody uses but for trading. When trading bitcoin, gold etc., you know you can't just wake up the next day and have your holdings worth 0, which is very possible to happen with altcoins.

Maybe except for shitcoin who are useless after being pumped. But for some big projects on altcoins which has set their goal and still doing, I doubt they could go to zero right away. They might, but not rapidly. Ive been an altcoin enthusiasts, and if I started and just hold bitcoin eversince still not gonna have some nice profits compared to converting to some alts with huge multiplier. Yes experienced some losses too but thats normal since some projects are really dubious but we cant generalize all of them.

[Saint-loup]

I have used LBank and MEXC, but the non-KYC requirement is just for certain withdrawal limits. If you must be able to withdraw a certain amount of Bitcoin or fiat, then you will definitely need to pass the KYC, which is just a way they can use to trap your coin. On Huobi exchange too, you are limited to a certain amount of withdrawal if you don't pass KYC. So my simple advice is the same as @Nwada001's. I don't recommend any of those CEX for you. Rather than seeking a Non-KYC CEX, just look for a good DEX that doesn't even require KYC before you can carry out your Bitcoin transaction.



Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Which DEX would you recommend? Usually DEX have a very poor liquidity and only work on one blockchain. It means you need to use bridges in order to convert the cryptos you want to exchange in wrapped tokens onto the blockchain supported, if they exist. That's usually not easy and smooth at all and you have to pay premium for that. Huobi now allows to withdrawal up to 5BTC a day, by just giving your name, your birth date and your nationality. They will give you a kind of virtual citizenship from the Commonwealth of Dominica.

1. What is Dominica Digital Identity?
Dominica Digital Identity (DDID) is the world's first country-authorized digital identity launched by Huobi, Tron and DMC Labs. A DDID holder is effectively a Dominica Metaverse Digital Citizen (DMDC).

https://www.huobi.com/en-us/user_center/uc_auth/digital

[hd49728]

Which DEX would you recommend? Usually DEX have a very poor liquidity and only work on one blockchain. It means you need to use bridges in order to convert the cryptos you want to exchange in wrapped tokens onto the blockchain supported, if they exist. That's usually not easy and smooth at all and you have to pay premium for that.

Using cryptocurrency bridges is risky and bridges are targets of hackers. Many big hacks on cryptocurrency bridges and the latest hack on a famous bridge tool Multichain is a hottest.

Paying very expensive fee for your bridged transactions and face with risk from bridges as well as the token on a side chain will be less secured than on its main chain. If you want to have BNB, buy it on Binance Smart Chain, don't buy it on Avalanche, Harmony, Arbitrum if BNB exists on those side chains.

Ronin bridge hack
Multichain hack and its consequences
Crypto bridge hacks
Blockchains Have a ‘Bridge’ Problem, and Hackers Know It

[BlackHatCoiner]

- It often happens that funds, after having profited from the project, are no longer the main holders of the coin supply, and after that the markets become very depleted in terms of liquidity.

I think that's irrelevant. Big money changing hands doesn't alter the fact that big money are owned by a couple holders, who own tons of information you don't either.

Anyway. I don't question that retail traders can make a quick buck along the way. I'm just arguing they're playing a game in which they're losers the moment they enter.

Maybe except for shitcoin who are useless after being pumped. But for some big projects on altcoins which has set their goal and still doing, I doubt they could go to zero right away.

LUNA was a big project...

[cryptoaddictchie]

LUNA was a big project...

Oh yes, but as far I can see it is still valuable not zero or complete out. We cant deny that it did rekt some of the people due to their ineligible to surpass the short squeezing happened on them and lacking of reserve to back those big short orders. Clearly all their fault. Being an altcoin retailer I can say that the ratio is in still in favor of gaining more than losing. I admit also got caught on this luna but there are other tokens I gained profits along the way as well. Surely you could consider that too.