No KYC crypto exchange questions

[reliabolic]

Hello everyone, I'm totally new to this space so I hope I don't sound like a total idiot. I have very limited experience with crypto and have only used coinbase (and to a very limited extent). I like the privacy associated with no KYC required crypto platforms. But I have several questions that I'm having difficulty finding answers to.

1) Are non-KYC crypto exchanges going to be inaccessible to those in the USA in the near future?

2) What would happen to your wallet in a non-KYC crypto exchange if the exchange was shut down or no longer accessible?

3) If I have a non-KYC crypto exchange wallet can someone send BTC to that wallet?

4) Can I send BTC from my non-KYC wallet to my coinbase wallet?

5) What at the best non-KYC crypto exchanges available to residents of the USA for bitcoin?

[Hazink]

If the US blocks its citizens from accessing non-KYC exchange, it's left for the citizen to either use VPN to access it or look for another one to make use of there are also some that’s off limit for US users.
 
And you can send and receive crypto from any exchange, but if I may ask, what’s the need for you to move bitcoin from a non-KYC exchange back to your coinbase where you have passed KYC? Is that not still linking them back to your data? There is no privacy protection there if you do that.

Check this list for non KYC exchanges: list Instant exchanges

[reliabolic]

If the US block its citizens from accessing non KYC exchange its left for the citizen to either use VPN to access it or look for another one to make use of.

And you can send and receive crypto from any exchange, but if I may ask what’s the need for you to move bitcoin from non KYC exchange back to your coinbase where you have pass KYC is that not still linking them back to your data, their is no privacy protection their if you do that.

Check this list for non KYC exchanges: list Instant exchanges

Wouldnt you have to move it to a KYC exchange if you ever wanted to move it to your literal bank account?...I guess I mean, how would one turn their BTC accumulated in a non-KYC exchange into other forms of currency (cash, bank money, etc.)

Thank you!

[Hatchy]

Most kyc exchanges are centralized, meaning they literally follow the rules and regulations set by the government of country which their services operates. We used to have so many non kyc exchanges before now, but I get most of them couldn't keep up with the pressure from the government and thus began to implement the kyc as a yastic to use their services..
#2.. Since it's a non kyc exchanges you would actually have control over your keys. The exchange provides you,  your own private key and a wallet you can store your funds in their platform. So even if there's a shut down, you might be able to get your funds out.
#3/4. Yes, why not? Kyc or not doesn't actually stops anyone from sending coins to you or the other ways. But then linking your non kyc back to a Centralized exchanges only tempers the need of it initially.

For some non kyc exchanges, you can check here but I can't actually tell which one is based in the US https://kycnot.me/

[Hazink]

If the US block its citizens from accessing non KYC exchange its left for the citizen to either use VPN to access it or look for another one to make use of.

And you can send and receive crypto from any exchange, but if I may ask what’s the need for you to move bitcoin from non KYC exchange back to your coinbase where you have pass KYC is that not still linking them back to your data, their is no privacy protection their if you do that.

Check this list for non KYC exchanges: list Instant exchanges

Wouldnt you have to move it to a KYC exchange if you ever wanted to move it to your literal bank account?...I guess I mean, how would one turn their BTC accumulated in a non-KYC exchange into other forms of currency (cash, bank money, etc.)

Thank you!

Some of the exchanges can actually be used to convert your BTC to your local currency; you just have to fine the one that allows P2P without KYC. You can then agree with a dealer on how you need your payment to come in exchange for your bitcoin.

List of Nonkyc P2P exchanges

[EL MOHA]

Wouldnt you have to move it to a KYC exchange if you ever wanted to move it to your literal bank account?...I guess I mean, how would one turn their BTC accumulated in a non-KYC exchange into other forms of currency (cash, bank money, etc.)

Ok I think I get where you’re headed, see it is not only centralized exchanges that have P2P features, although I wouldn’t lie they have the larger number and it’s easier to get either a buyer or seller there most especially if your country currency isn’t that re known, but there are other decentralized exchanges that do offer the P2P trading without you Providing any KYC. Also the first P2P is the one you get to do physical with a person although it’s kind of dangerous sometimes most especially if it is a country that frowns against cryptocurrency. But there are options aside centralized exchanges most especially if it is the fiat dollar you want which is more popular than other currencies

[Davidvictorson]

~snip~

Because you mentioned you are new to the space so I am going to give you a piece of advice which is like our slogan in the community. It goes, Get your coins off exchanges whether they are KYC or non-KYC. Secondly, Not your keys, Not your coins. You know why? Because the exchanges have your "private key" which is like them having your credit card pin. They can do whatever they want with your coins. You aren't safe my friends. Read up on non-custodial wallets, particularly those that are open source. You are better off having your assets there than in exchanges.

[Potato Chips]

1. It depends on the setup i guess. For instance, with anything centralized and custodial, I think there's always a good chance it could happen.

2. Also depends on the setup. Anything centralized and custodial can be seized by authorities or be kept by owners whereas it would be unlikely with bisq that runs on p2p connection and uses multi-sig wallets where traders keep the keys.

3. Yes.

4. You can but I would suggest sending to your personal wallet first.

5. Best would depend on each person. For instance, bisq is 10/10 feature wise but can be challenging to use for some folks. kycnotme has been suggested which I would recommend looking into. You can filter fiat p2p exchanges as well, quick link here: https://kycnot.me/?t=exchange&q=&fiat=on

[BitMaxz]

Wouldnt you have to move it to a KYC exchange if you ever wanted to move it to your literal bank account?...I guess I mean, how would one turn their BTC accumulated in a non-KYC exchange into other forms of currency (cash, bank money, etc.)

If it was from a non-KYC exchange, we do not know if it's allowed since Coinbase is very strict on AML. Even withdrawing funds from a gambling casino to Coinbase is prohibited, and your account may end up frozen.

Another thing is we do not know how clean the coins are from non-KYC exchange. If you want to withdraw your money in local fiat, then stay using non-KYC exchange rather than using non-KYC exchange to exchange something and move them to Coinbase. We can't guarantee the safety of your funds, so better use non-KYC exchange to exchange your crypto into fiat.

[Darker45]

1) Are non-KYC crypto exchanges going to be inaccessible to those in the USA in the near future?

I'm afraid the future is right now. KYC has become a must. At least that's what's required by regulations. Fortunately, there might always remain a way to go around the orders of the state. Decentralized peer-to-peer options could survive.

2) What would happen to your wallet in a non-KYC crypto exchange if the exchange was shut down or no longer accessible?

It might not be about KYC or non-KYC. It's about custodial or non-custodial. If it's the former, then your assets are gone. If it's the latter, then you are still in control of your funds.

3) If I have a non-KYC crypto exchange wallet can someone send BTC to that wallet?

Of course.

4) Can I send BTC from my non-KYC wallet to my coinbase wallet?

Of course.

5) What at the best non-KYC crypto exchanges available to residents of the USA for bitcoin?

Take a look at here: https://kycnot.me/. The exchanges are rated, features provided. There's also a link to each of their Terms of Service (ToS). You might want to read them to verify whether they're available for you or not.

[Maslate]

Okay to answer your question...

1) Are non-KYC crypto exchanges going to be inaccessible to those in the USA in the near future?

There's a possibility because the US is very strict when it comes to regulating exchanges. You may have access to it now, but in the future, they might ban those unlicensed exchanges. Even if you can still access it using a VPN or other methods to bypass the ban, what you lose is security. You can't expect user protection, and exchanges with no KYC are naturally very risky.

2) What would happen to your wallet in a non-KYC crypto exchange if the exchange was shut down or no longer accessible?

Of course, you could lose your funds since the only way to access your wallet is through exchanges. That’s why it ties back to my first point-there’s a high risk involved, and that includes this specific risk.

3) If I have a non-KYC crypto exchange wallet can someone send BTC to that wallet?

Yes, but you have to understand that your online wallet is still controlled by the exchange--it's a custodial type of wallet. You're not in full control of your funds, as the exchange holds the private keys.

4) Can I send BTC from my non-KYC wallet to my coinbase wallet?

Yes, exactly. That’s an exchange-to-exchange transfer, and still, your wallet is under the control of the exchanges. You don’t have full ownership since they manage your private keys.

5) What at the best non-KYC crypto exchanges available to residents of the USA for bitcoin?

I think Bisq - https://bitcointalk.org/index.php?topic=5230289.140 (https://bisq.network/)

[yhiaali3]

If you are a US resident it will be difficult for you to find exchanges that do not require KYC, you can use a VPN but if you are caught you will be banned.

But in general if you are banned you will not lose your assets because most good exchanges give you about a month to withdraw your assets before closing your account, but if suspicious activity is detected your account may be frozen and you will be unable to withdraw your assets.

As for sending and receiving bitcoin, you can of course send BTC from your non-KYC wallet to your wallet on coinbase as long as your account is still active or not banned.

[FinneysTrueVision]

There are some exchanges that block US customers and some that don’t. The centralized exchanges that don’t have KYC and allow US residents, most of them don’t seem to be very reputable and I wouldn’t use them for trading significant amounts. If you just need to do a crypto to crypto trade, it is better to use an instant exchange from those listed on kycnot.me. Even better would be a DEX like THORSwap.

There are also peer-to-peer exchanges if you want to trade for fiat. The best one is Bisq.

4) Can I send BTC from my non-KYC wallet to my coinbase wallet?

Coinbase Wallet is a non-custodial wallet. There should be no problems with sending BTC from any source. If you meant Coinbase, the centralized exchange, there shouldn’t be a problem either but if you did a p2p trade you might want to do an AML check on the address that received BTC to see if there is any risk of getting flagged.

[Helena Yu]

However, if you've been successfully trade Bitcoin without KYC, but if you use banks to receive your money, you need to take care when the bank employees ask you what money is this and how you obtain it. You might not have a problem if you only trade for small amount, but if you trade regularly or big amount, this surely trigger red flag on their system.

What I know US is really strict with laws, so they might view no KYC thing as illegal.

[Trêvoid]

Are non-KYC crypto exchanges going to be inaccessible to those in the USA in the near future?
It’s possible, though not guaranteed. Governments, particularly in the U.S., have been tightening regulations around crypto exchanges, especially those that don't follow Know Your Customer (KYC) requirements. The trend is toward more oversight and compliance, so non-KYC exchanges might face increasing pressure or outright bans from U.S. regulators. However, it doesn’t mean they’ll disappear immediately, but the window for access may start to close. That said, people can often still find ways to access non-KYC exchanges via VPNs or decentralized exchanges, though these options carry their own risks.

What would happen to your wallet in a non-KYC crypto exchange if the exchange was shut down or no longer accessible?
If the exchange goes down and you don’t control the private keys for your wallet, you're at risk of losing your funds. With most non-KYC exchanges, the wallet provided is custodial, meaning the exchange has control over the private keys, not you. If they shut down, freeze operations, or become inaccessible, you could lose access to your assets. It’s always a good idea to move your funds to a private, non-custodial wallet where you control the keys to avoid such scenarios.

If I have a non-KYC crypto exchange wallet, can someone send BTC to that wallet?
Yes, as long as the wallet can receive Bitcoin, anyone can send BTC to it. Non-KYC exchanges typically allow deposits without requiring identification. However, receiving BTC in that wallet doesn’t mean you have full control, so be cautious about storing large amounts there.

Can I send BTC from my non-KYC wallet to my Coinbase wallet?
Yes, you can generally send BTC from any wallet, non-KYC or otherwise, to your Coinbase wallet, as long as it's a legitimate Bitcoin wallet. Coinbase is likely to accept the transaction, though if the source is flagged as high-risk (such as from a non-KYC exchange), they could freeze or investigate the funds. To avoid complications, ensure you comply with their terms of service.

What are the best non-KYC crypto exchanges available to residents of the USA for Bitcoin?
Some popular non-KYC options include:

Bisq: A decentralized exchange, peer-to-peer, allowing for BTC trading without KYC.
Exch: Privacy-first automated crytpocurrency swaps without registration. Without requiring identity verification.
LocalCryptos: Allows users to trade BTC with others directly without going through a centralized exchange.


Always be cautious on ensuring you’re moving funds out of the exchange into your private wallet whenever possible.

[dkbit98]

1) Are non-KYC crypto exchanges going to be inaccessible to those in the USA in the near future?

Let me check my crystal ball and I will get back to you...
They can literally ban any links and services they want.

2) What would happen to your wallet in a non-KYC crypto exchange if the exchange was shut down or no longer accessible?

This was never your wallet, you used their wallet, and all coins are gone.

3) If I have a non-KYC crypto exchange wallet can someone send BTC to that wallet?

Not if they shut down like you imagined in your head.
You don't have a wallet, you have account there, and they are letting you use their wallet while they hold the keys.

4) Can I send BTC from my non-KYC wallet to my coinbase wallet?

Dude... you can literally send bitcoin to any address in any service in any wallet...

5) What at the best non-KYC crypto exchanges available to residents of the USA for bitcoin?

Bisq, eXch.

[reliabolic]

I greatly appreciate all of your responses! You guys are a wealth of information and awesome for sharing it. I think I may have found a solution for my purposes and would like any input you guys can give. It's called HODL Wallet (I believe this is different from HODL HODL).

Im merely trying to receive anonymously and hold the BTC for a long period of time. I will eventually need the opportunity to send it out at some point or withdraw from a BTM (not sure if you can do that with HODL Wallet).

Do you guys believe this is a viable option or know of a better one?...I like the simplicity of the app (I'm not looking to trade any other coin or do anything other than send/receive anonymously.

[Potato Chips]

I greatly appreciate all of your responses! You guys are a wealth of information and awesome for sharing it. I think I may have found a solution for my purposes and would like any input you guys can give. It's called HODL Wallet (I believe this is different from HODL HODL).

Im merely trying to receive anonymously and hold the BTC for a long period of time. I will eventually need the opportunity to send it out at some point or withdraw from a BTM (not sure if you can do that with HODL Wallet).

Do you guys believe this is a viable option or know of a better one?...I like the simplicity of the app (I'm not looking to trade any other coin or do anything other than send/receive anonymously.

I've never heard of HODL wallet, op. I suggest getting a wallet with a better reputation and have been in the crypto space for a long time. It seems another hot wallet that is always connected to the internet which isn't ideal if you're planning to hodl for long term.

If you want the best of both worlds between security and convenience, I suggest a hardware wallet, see: Open Source Hardware Wallets

[The Cryptovator]

If you are really afraid to use KYC crypto exchange, then I will advise not to use centralised exchange. You have to use decentralised exchange and hold funds into your non-cutodial wallet. I have seen many non-KYC centralised exchanges become KYC exchanges later, like KuCoin. So you must always be ready to provide your KYC documents any time a centralised exchange forces you to do KYC due to government compliance. Exchanges have to obey the local rules if they want to operate in a specific country. US is more stricter for KYC, they won't allow to run exchanges for anonymous users.

[Synchronice]

1) Are non-KYC crypto exchanges going to be inaccessible to those in the USA in the near future?

I can create a website tomorrow, call it a no-KYC exchange and you'll be able to access it even if no-KYC exchanges are banned in the United States. It's only a matter of time. By the way, no one can give you a real answer but I'm sure non-KYC exchanges will soon be illegal in the United States.

2) What would happen to your wallet in a non-KYC crypto exchange if the exchange was shut down or no longer accessible?

There is a chance that if exchange is no longer accessible or they decide to shut down themselves, they'll give you a short timeframe and let you withdraw your money. If it was shut down buy authorities, your funds will most likely be gone.

3) If I have a non-KYC crypto exchange wallet can someone send BTC to that wallet?

If they know wallet address, then yes, they can send BTC to that wallet. Anyone can send money to any Bitcoin wallet and anyone can take any wallet address from transaction histories that are stored on blockchain.

4) Can I send BTC from my non-KYC wallet to my coinbase wallet?

Yes, you can but it would be correct to ask, what is then going to happen? I don't know, if Coinbase's AML detector gives that transaction a bad score, you'll be in trouble. Small or big, I don't know. They might ask you for proof of funds, close your account, etc...

5) What at the best non-KYC crypto exchanges available to residents of the USA for bitcoin?

No one can tell you what's the best non-KYC crypto exchange for USA residents. Overall, people use Bisq.network as a decentralized crypto exchange for p2p trading. Among instant non-kyc exchanges, exch.cx is popular here but no one can guarantee you that you'll be safe if you receive money from them because even god doesn't know how Coinbase's AML detector works.