BitCoke is a regulated HK based exchange NO KYC, high liquidity, and high limits

[jmriqi]

BitCoke is a regulated HK based exchange NO KYC, high liquidity, and high limits

Since 2019, BitCoke cares about its customers, and respects personal information, and does not ask KYC information.

Exchanges are smooth and effortless, with the best prices possible.

visit https://bitcoke.com

[PX-Z]

A regulated Hongkong based exchanged that doesn't ask KYC is very suspicious to me knowing how China would do about it. Surely it will ask/required later on when they have lots of users. "No-KYC" tag is just a marketing gimmick for an exchange to use nowadays lol, except if its a DEX.

[Husires]

BitCoke is a regulated HK based exchange NO KYC, high liquidity, and high limits

Since 2019, BitCoke cares about its customers, and respects personal information, and does not ask KYC information.

Exchanges are smooth and effortless, with the best prices possible.

visit https://bitcoke.com

NO KYC for some limits, such as deposit and withdrawal limits of $10,000 per day or at all, and how will you deal with regulatory authorities, which may start asking the platform about user data.

It is true that the domain registration data refers to the year 2019, but I have not found any articles or anything about you on the Internet since that time, meaning that either the service was not active or that you purchased an old domain to appear as an old and reliable service.

Code:

Registered On:
2019-03-19
Expires On:
2024-03-19
Updated On:
2023-09-27

coinmarketcap does not show any data claiming that bitcoke.com have high liquidity.
https://coinmarketcap.com/exchanges/bitcoke/

[stadus]

Now, that's an interesting exchange setup, isn't it? Regulated, but KYC isn't enforced. It's like a whole new ball game. I wonder what kind of 'government' they've got running the show – maybe a 'decentralized government' where rules are more flexible?

[Darker45]

A regulated Hongkong based exchanged that doesn't ask KYC is very suspicious to me knowing how China would do about it. Surely it will ask/required later on when they have lots of users. "No-KYC" tag is just a marketing gimmick for an exchange to use nowadays lol, except if its a DEX.

NO KYC for some limits, such as deposit and withdrawal limits of $10,000 per day or at all, and how will you deal with regulatory authorities, which may start asking the platform about user data.

Now, that's an interesting exchange setup, isn't it? Regulated, but KYC isn't enforced. It's like a whole new ball game. I wonder what kind of 'government' they've got running the show – maybe a 'decentralized government' where rules are more flexible?

Words are cheap. 'No KYC', 'decentralized', 'custodial', and the like are terms easily used to mislead people and gain trust.

Under their terms and conditions, you indeed cannot find KYC, but you can find 'personal data' and 'personal information'. Specifically, it says:

"...we will collect minimal personal identification, only as much as required to protect the security of your funds, such as to prove your identity to reclaim ownership should account access be lost."

Also, I'm a little bit confused. Is this exchange based in Hong Kong but licensed or registered in George Town, Cayman Islands? It seems it was only just a couple of months ago when the first cryptocurrency exchange secured a Hong Kong license to offer trading to retail investors. And this is operating since 2019?

I hope OP clarifies.

[jmriqi]

as the op, i actually dont represent bitcoke in anyway.
I simply used their exchange and was a happy customer, and i told the live chat agent i would spread good word about them haha!
well, i agree it does seem a bit shady, almost like the position themselves as catering to criminals.
but.. whatever.
as always, dyor

[stadus]

Now, that's an interesting exchange setup, isn't it? Regulated, but KYC isn't enforced. It's like a whole new ball game. I wonder what kind of 'government' they've got running the show – maybe a 'decentralized government' where rules are more flexible?

Words are cheap. 'No KYC', 'decentralized', 'custodial', and the like are terms easily used to mislead people and gain trust.

Under their terms and conditions, you indeed cannot find KYC, but you can find 'personal data' and 'personal information'. Specifically, it says:

"...we will collect minimal personal identification, only as much as required to protect the security of your funds, such as to prove your identity to reclaim ownership should account access be lost."

That's quite misleading because, in reality, they do impose KYC checks. They just don't announce it upfront to attract users to the exchange. For those of us who have been in the crypto space for a while, it's easy to spot red flags like that. It's good that we have this forum so we can voice our opinions if there's a post promoting a certain exchange, but it doesn't seem to match what it's claiming.

This might actually tempt those who are desperate to use the exchange because they either want to hide their identity or don't have the necessary documents for verification. But there's always an inherent risk in using such exchanges. Hopefully, they'll be able to handle it if things don't meet their expectations, as they were already warned and aware of the risks from the start.

[upDownC]

well, i tried first with 0.005 btc as I wasnt sure, got paid out in eth instantly..

tried with 0.46 btc and went smoothly again, no kyc requested.

I did do a lot of research on bitcoke, and they do seem like a legit player. In fact i found articles where they had huge investment sums of like $20 million or some such. Well, all can be found on google.

Will be using them again, thumbs up from me.

[rat03gopoh]

they had huge investment sums of like $20 million or some such.

What are you talking about ? All your statements are complete bullshit. Just tell their team to come to this forum respectfully and start answering some of the doubts above, instead of hiring the services of ad spammers like you.

[upDownC]

they had huge investment sums of like $20 million or some such.

What are you talking about ? All your statements are complete bullshit. Just tell their team to come to this forum respectfully and start answering some of the doubts above, instead of hiring the services of ad spammers like you.

bro are you a troll or what?
A simple google search for bitcoke would verify my statements.
https://finance.yahoo.com/news/bitcoke-raised-20m-usd-investment-202700802.html

[rat03gopoh]

bro are you a troll or what?

am your nightmare.

A simple google search for bitcoke would verify my statements.

What keywords?

bitcoke-raised-20m-usd-investment-202700802.html

I don't expect you to be the author of that PR news, because it says 1 clearly bullshit statement:

BitCoke has long ranked in the top 10 by volume at the CoinMarketCap derivative marketplace.

Now you can see what coinmarketcap presents:

No data is available now

If you rely on this kind of news, you must also verify it based on facts.

[shasan]

BitCoke is a regulated HK based exchange NO KYC, high liquidity, and high limits

Since 2019, BitCoke cares about its customers, and respects personal information, and does not ask KYC information.

Exchanges are smooth and effortless, with the best prices possible.

visit https://bitcoke.com

The site which is regulated i dont think they will give good  volume for withdrawal as well as deposit limit. And hopefully think if they stay active then they will ask for ky  when they will face issue. If they were not regulated then they might not ask for kyc.

[Husires]

well, i tried first with 0.005 btc as I wasnt sure, got paid out in eth instantly..

tried with 0.46 btc and went smoothly again, no kyc requested.

I did do a lot of research on bitcoke, and they do seem like a legit player. In fact i found articles where they had huge investment sums of like $20 million or some such. Well, all can be found on google.

Will be using them again, thumbs up from me.

It is a strange coincidence that a new account logged in for the first time and searched for this topic to tell us that we should use BitCoke and that it is an excellent service, while the op is a new account with 4 posts, tried to promote BitCoke and when he was asked he replied that he had nothing to do with that service.

What type of loyalty or service did you receive that made you keen to leave a positive review for them?

You are raising doubts about this service, especially since they say that they will collect personal data without proving that they are a licensed exchange in Hong Kong, which is another lie.

[Immutablex]

https://twitter.com/BitCokedotcom/status/1725516986157785443
thanks for the $30... but ill stick to binance
they paid and seem legit, but they dont have Kadena = nope from me

[hugeblack]

https://twitter.com/BitCokedotcom/status/1725516986157785443
thanks for the $30... but ill stick to binance
they paid and seem legit, but they dont have Kadena = nope from me

Not verifying the identity, although this is useful for some, but I see that there are better platforms that offer the same features. Can you withdraw this $30, or are they discounts on trading fees, and do they enable you to withdraw it without verifying the identity? Using a platform because it gave you $30 may not seem like a wise idea

[bbc.reporter]

https://twitter.com/BitCokedotcom/status/1725516986157785443
thanks for the $30... but ill stick to binance
they paid and seem legit, but they dont have Kadena = nope from me

Similar to the others' concerns, a regulated exchange based in Hong Kong that does not ask for KYC and that is promoting Monero? We can be quite certain that the Hong Kong regulators are presently looking at them now hehehe. It might be okay to trade there if you are also okay if they begin enforcing KYC. However, if you are not then this might be a trap for your cryptocoins.

[Bitcoin_Arena]

as the op, i actually dont represent bitcoke in anyway.
I simply used their exchange and was a happy customer, and i told the live chat agent i would spread good word about them haha!
well, i agree it does seem a bit shady, almost like the position themselves as catering to criminals.
but.. whatever.
as always, dyor

Then you are stupid to share false information here without even researching more about it, but then I have a high feeling you are just sock puppet accounts created to shill Bitcoke in this thread.

I am pretty sure their privacy notice and terms of service will be contradicting what you just posted here, but the problem is in order for me to read them, I have to first sign up. Which exchange or service does that?

[daty37]

I posted earlier and deleted it, sorry if I confused a mod. Created an account to post on this thread.

I can post my full experience, but to summarize; I have seen Bitcoke mentioned in posts exactly like OP recently on other social media. I have been in the space a while and know better. After doing way too little research, I deposited way more than I should have (30% portfolio lol..) and then could not access my account after trying to log back in.

I quickly convinced myself it was a scam, and after trying to do more in-depth research I was certain. The wallet activity didn't look like that of an active exchange to me either. I was convinced I had lost my money. But support eventually responded saying that 2FA was broken so they disabled it for me. I then initiated a withdrawal and simply did my best to prod the platform to see what else I could learn, and there were many red flags in my mind. One example of a flag is all but the most basic features are locked behind KYC, but the KYC page is broken and support's first response was "Our site doesn't require KYC".

They actually gave my money back though... I couldn't believe it. The withdrawal actually went through (albeit slowly). But I am still 100% convinced it is a sketchy front, ponzi scheme, or scam one way or another, though I can't prove it given I got my money back.

So I would recommend staying tf away from Bitcoke. I can provide full detail of my experience and observations in a reply if anyone wants, but for now I need to go to sleep.

Don't be like me. Be careful, ACTUALLY do research, don't start with large amounts to unknown parties, and probably just avoid CEXs all together.

[electronicash]

before the major exchanges asked KYC to their cuatomers, they were just asking KYC to those customers withdrawing large amounts. the adoption in Hongkong started late but i think this exchange will also asking KYC soon even the users with the tiniest amount of BTC.

it has a decent interface actually and just like the rest of the platform, they also have a mobile app for ease of use.