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

[ultrloa]

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

Some think that Dex is really safe while there are series of events that those platforms are also been affected with hacking so for that incident I will never trust anything especially if leave your wallet connected even if you are aways or give permissions since we are still prone with hacking for that reasons. Much better to ride with the flow and select reputable exchange since we can't avoid those Kyc requirements there's a huge chance that this became a requirement to all exchange in future especially when government regulation will fully implemented on cryptocurrency platforms.

[hugeblack]

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.

I seriously started thinking about moving to this platform and trying it out. Do you have any prior experience about it? Average withdrawal between 2k to 5k per month with good support for major trading pairs and adequate liquidity.
Unfortunately, DEXs are still far from being perfect, and even BISQ is suitable for those who want to convert to fiat, although it is still a good experience.
also, you can use this forum and ask a trusted person with a verified account to do the exchange for you, which is an option you can use as a last option.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Sorry to be off topic but why do you use your username at the end of the post? It would be logical if there were more than one user managing the account and not one user.

[348Judah]

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

In this kind of situation, you don't trust the exchanges to tell you whom they are because they will never say something you may not like, one has to make personal research and findings about them to know if they are actually a KYC exchange or not, we should in addition know that all centralized exchanges are kyc required exchanges and they will surely ask for that, maybe some can check through the list of no kyc casinos.

for when the authority puts pressure on them they would have no option to bow to such pressure to continue in business.

The same way they will have no option than to bow down to the dictate of the government regulations will be applicable on their users as well when they require some verification through KYC from them, one will have no option than to comply or face being restricted to some certain things.

[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.

I have not used AgoraDesk, but it doesn't require KYC to buy or sell Bitcoin, and some members here have recommended it as a good DEX. Well, for Huobi, 5 BTC daily withdrawal is still limited, and for someone who send above their daily limit, they will still have to wait for 24 hours before they can complete their transaction.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Sorry to be off topic but why do you use your username at the end of the post? It would be logical if there were more than one user managing the account and not one user.

Well, it's just been a style I've copied from a few members here. I really admire how it looks sitting below, and I don't think it is causing any harm as it can be quickly ignored after reading a few important things I have written.
 Maybe, I will have it changed to something else or just....


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[Nwada001]

Well, for Huobi, 5 BTC daily withdrawal is still limited, and for someone who send above their daily limit, they will still have to wait for 24 hours before they can complete their transaction.

The 5 BTC daily limit is pretty much enough, especially for an exchange where one is only supposed to go trade and withdraw their profit; this is not where to store BTC because you might be required to send out huge amounts every single day. For a personal trading account, I think a 5 BTC daily withdrawal is more than enough.

It would be logical if there were more than one user managing the account and not one user.

Is this possible or even encouraged on this forum, where more than one person can operate one account? I know there are business accounts here, but I don't know if they are being managed by more than one person. I'm just asking for clarity.

[hugeblack]

The 5 BTC daily limit is pretty much enough, especially for an exchange where one is only supposed to go trade and withdraw their profit; this is not where to store BTC because you might be required to send out huge amounts every single day. For a personal trading account, I think a 5 BTC daily withdrawal is more than enough.

was used OKX so will give it a try as an alt CEX.

Well, it's just been a style I've copied from a few members here. I really admire how it looks sitting below, and I don't think it is causing any harm as it can be quickly ignored after reading a few important things I have written.

I find it annoying, it is true that it may not be against BTT rules, but some may put you in their ignore list >> less chances to see your posts >> less chances to get merits. This is my personal opinion and others may not agree with it. Perhaps it is better to create a topic, quote the text above, ask about it and see the community opinions.

Is this possible or even encouraged on this forum, where more than one person can operate one account? I know there are business accounts here, but I don't know if they are being managed by more than one person. I'm just asking for clarity.

AFAIK, there is no rule prohibiting the use of more than one user per account even if account banned, ban will apply per person not account because i remember this account of @atriz^[1] (was a famous campaign manager) was banned and then it was discovered that he had purchased the account and the account restored^[2]. But this is a good question that may not have been asked by anyone before.

[1] https://bitcointalk.org/index.php?action=profile;u=135920
[2] ? I didn't find the link, but I remember this story, I don't know why ?!

[Dr.Bitcoin_Strange]

This is my personal opinion and others may not agree with it. Perhaps it is better to create a topic, quote the text above, ask about it and see the community opinions.

It's your opinion, and some other users might really see it as nothing (like you said) because even for the members who do add it, I don't even see it as a distraction or an annoying thing when reading their comment. I would gladly read through and just turn a blind eye to the name below because I am not concerned about it. But some members would also see reasons with you, yeah.

Although I quite agree with your first point below.

It would be logical if there were more than one user managing the account and not one user.

I have decided to just stop it, I don't need more opinion. Thanks for making me see reasons.

[Saint-loup]

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.

I seriously started thinking about moving to this platform and trying it out. Do you have any prior experience about it? Average withdrawal between 2k to 5k per month with good support for major trading pairs and adequate liquidity.
Unfortunately, DEXs are still far from being perfect, and even BISQ is suitable for those who want to convert to fiat, although it is still a good experience.
also, you can use this forum and ask a trusted person with a verified account to do the exchange for you, which is an option you can use as a last option.

It's not the best designed platform IMO as it seems to be designed for chinese language first, but they're offering the same tools and services as what other large exchanges are offering. You can open an account, trading and withdrawing small amounts without even giving your name and your date of birth(0 KYC), and the 5BTC/day level only need to submit those informations without providing any document.

[Vivageneviv]

I will suggest Bitget, KYC is non mandatory and its been gaining huge reviews lately now recognised as a top 5 exchange and the biggest Copy trading CEX. Good security —recently announced $300m protection fund, amongst other strengths. Kucoin recently made KYC verification compulsory  btw.

[asbani]

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 really like BingX - It has so much market for traders, including commodities, cryptos, stocks and forex. I also like the app it looks very good and easy to use, I think these guys work very hard.

[BlackHatCoiner]

What happened to LUNA is the exception to the rule. I am most surprised that in various discussions, this example is presented as if it is a common phenomenon in the crypto industry.

Look. I'm not into altcoins. You might know better about trading them in the short-term. I just can't unsee the fact that most of these altcoins appear out of nowhere, seemingly extremely profitable to invest, and within the next year or two they disappear (some completely - $0). I did mention other examples than LUNA, like BitConnect and FTT, both of which seemed too big to fall to $0. I'm pretty sure there are other such examples.

[BlackHatCoiner]

From this follows the conclusion that now all skyscrapers are dangerous if you are in close proximity to them?

Except it isn't black or white in cryptocurrencies. Altcoins aren't either going to complete disappearance or are exponentially profitable forever-- in comparison with skyscrapers that are either there or not there. It's quite normal to wake up the next morning and see a -25% in your trading account.

In general, what I want to say with this is that altcoins do not consist of only negative points.

They do, fundamentally, though. Investing in something you know it has no purpose at all, outweighs any short-term potential profits to me. Gambling can also prove to do miracles (and in fact it's rather transparent, in contrast with all those shitcoins), but it's utter nonsense to believe you can really make a living out of it.

[BlackHatCoiner]

Why, when we talk about situations where people annually lose billions of dollars on bitcoin, we always give an explanation that this is not a problem of bitcoin itself, this is a problem of those people who mismanage it?

Due to the presence of a genuine technology serving a meaningful purpose and having real-world applications, there exists a clear distinction from the vast majority of altcoins, which often lack purpose and function primarily as financial schemes.

These altcoins offer barely noticeable technical differentiation from Bitcoin and Ethereum and unjustifiably favor their creators with an unfair financial advantage. The failure of altcoins such as LUNA or FTT is not primarily due to technological shortcomings, but rather stems from sudden development setbacks and the subsequent withdrawal of invested funds which hasn't happened in Bitcoin. A brand new such project, whose developers completely ignore the mountainous work done in Bitcoin, entails the unnecessary risks mentioned.

But for some reason, this situation does not work with altcoins. If people lose money on altcoins, then this is the fault of the altcoins themselves, and not people who do not know how to properly manage them.

I never argued that. People who invest in altcoins and lose money aren't for sympathy. They should know very well where they're entering. Anything but avoid entering; that's what I'm arguing in the first place.

-someone bought at the very top when it was necessary to sell.

You make it sound as if it's something objectively obvious. Nobody but the whales define that ceiling with few exceptions. Not regular retail traders. (No, feeling without reasoning you're in the ceiling doesn't hold water)

[CarnagexD]

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?

Just comply with the requirements pal. You just need to submit necessary papers and ID's for you to be able to trade again and if you contact them on their customer service they usually give you considerations for your unique case. Kucoin is a great exchange because newly launched coins are often tradeable in it. The platform backing it with KYC will just strengthen its security so there is nothing bad about it but only up.

[ultrloa]

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?

Just comply with the requirements pal. You just need to submit necessary papers and ID's for you to be able to trade again and if you contact them on their customer service they usually give you considerations for your unique case. Kucoin is a great exchange because newly launched coins are often tradeable in it. The platform backing it with KYC will just strengthen its security so there is nothing bad about it but only up.

Maybe its best for people to erase out their worries on reputable platforms since for sure they will not ruin their reputation just for like that and besides Kucoin is really a great exchange next to binance. So they should not worry about submitting some documents since as you said it will make their account more safe and the platform is just complying with those things required to make their platform legal.

[Saint-loup]

Just comply with the requirements pal. You just need to submit necessary papers and ID's for you to be able to trade again and if you contact them on their customer service they usually give you considerations for your unique case. Kucoin is a great exchange because newly launched coins are often tradeable in it. The platform backing it with KYC will just strengthen its security so there is nothing bad about it but only up.

What kind of documents are they requiring precisely? Do they require a selfie with some documents or weird messages like many platforms are asking for? I hate those KYC processes, you're kindly giving to them highly private and confidential documents but they are never satisfied with them the first time, they almost always ask you to submit your documents and pictures several times again because for unknown reasons it's never ok for them. 

[BlackHatCoiner]

If the user has studied the market well

That's the problem I'm trying to point out. The user can't just study the market well, because they can't reach everything. There's private data that is inaccessible, and owned by the few big folks who do the manipulation. Unless you don't think that info is very important for the user (and neglecting it would make the study "well") then they can never be confident they've studied properly.

By the way, I'm assuming the user can perfectly filter public information, which is also not true. "Filtering" is subjective, because different users will prioritize different parameters that affect the price.

I already talked about this in another topic and drew a diagram of the typical behavior of an altcoin

This argument holds as much water as the S2F, or the one which says we will have bull markets every 4 years. There's no evidence other than "look in the chart, it will probably repeat".

[Taskford]

Just comply with the requirements pal. You just need to submit necessary papers and ID's for you to be able to trade again and if you contact them on their customer service they usually give you considerations for your unique case. Kucoin is a great exchange because newly launched coins are often tradeable in it. The platform backing it with KYC will just strengthen its security so there is nothing bad about it but only up.

What kind of documents are they requiring precisely? Do they require a selfie with some documents or weird messages like many platforms are asking for? I hate those KYC processes, you're kindly giving to them highly private and confidential documents but they are never satisfied with them the first time, they almost always ask you to submit your documents and pictures several times again because for unknown reasons it's never ok for them.  

They don't ask to much documents since kucoin just need a back to back picture of your id (1 government issued id) and a selfie then you could proceed to Kyc process. There's nothing to get worried about it since there's nothing we can do since most of reputable exchange are now requiring this Kyc requirements to their users. Just make sure you submit a clear image of your ID and you will never get a problem on the whole process.

[BlackHatCoiner]

If several projects failed in the market, this does not mean that now all other projects are at risk.

It does mean that they all have the potential to fail if they share similar properties. For instance, when two dog coins have already failed, it would be foolish to believe that the thousands of other worthless tokens won't experience a similar drop in value. We are all aware that these tokens are not taken seriously; they are simply fabricated, zero-sum financial schemes. Another illustration is the Proof-of-Staked copycat tokens, whose creators aim to generate hype.

You see only negative aspects in altcoins, but I see another good opportunity for earning in altcoins.

I can't, because I don't see good opportunity for earning from gambling either.

[BlackHatCoiner]

By the way, by the same principle, one can say that it is impossible to guarantee or advise investing in bitcoin, based only on its past achievements and its growth.

I'm not feeling certain if you really want to know. Every day when I wake up, a thought lingers in my subconscious - a dreadful scenario that could render my wealth worthless. I would never advise anyone to invest in bitcoin unless they are prepared to throw that money in the trash can. For some, it might seem like an unreasonable risk since they lack access to insider information (which is, again, what sets the rules).

However, I can't disregard all the utility it offers, with people using and needing electronic cash. I can't overlook the astonishing facts about anonymous (or pseudonymous) transactions, decentralized money minting, collective transaction processing, Proof-of-Work, etc. It would be unforgivable not to trust my instincts on this one and witness its rise as I had anticipated. Regretting not taking action outweighs the regret of acting.

When it comes to altcoins, I don't see the same potential.