List of CryptoCurrency Exchanges for Reference

[byt411]

https://anxbtc.com just went up a lot in volume (http://www.bitcoinity.org/markets/list?currency=ALL&span=24h).
Their KYC policy states no need for verification if people don't do transactions in fiat.
But this isn't clear if refers only to deposit/withdraw in fiat or someone depositing bitcoins and trading it for fiat, but only withdrawing in bitcoin or another alt coin, must also verify.

Hi, ANXPRO here. Let me explain.
If you want to trade Bitcoin for altcoins, then no verification is needed.
However, if you want to trade Bitcoin for fiat currencies, even if you don't deposit/withdraw in fiat, verification is needed.

[Trading]

Thank you for the explanation.
I wonder if that system of KYC makes sense? KYC has as a goal to avoid money laundering. No one can clean money if he deposits bitcoin and only withdraws back to bitcoin, after doing some serious trading. He started with bitcoin and ended with bitcoin or another alt coin. No money entered the banking system or even was converted outside your exchange for fiat.
There are a lot of exchanges that don't request any verification or even identification, if you just deposit or withdraw alt coins. You are losing against these exchanges.

[Gimmelfarb]

i use BTC-E first and foremost. the trade engine there is much superior to bitfinex and bitstamp (at both of the latter, i have had orders never trigger because of bad coding/massive lag). BTC-E also will not roll back trades and freeze trading to hurt traders vs. liquidity providers like bitfinex does.

but i don't keep all eggs in one basket either. so i also use bitfinex and bitstamp (i keep lower balances at those sites), and i also use cryptsy and mintpal for altcoins.

[byt411]

Thank you for the explanation.
I wonder if that system of KYC makes sense? KYC has as a goal to avoid money laundering. No one can clean money if he deposits bitcoin and only withdraws back to bitcoin, after doing some serious trading. He started with bitcoin and ended with bitcoin or another alt coin. No money entered the banking system or even was converted outside your exchange for fiat.
There are a lot of exchanges that don't request any verification or even identification, if you just deposit or withdraw alt coins. You are losing against these exchanges.

Yes, depositing and withdrawing alt coins does not require verification, all you need is create account.
KYC information is stored in case authorities need it, so that we can quickly inform them without pestering our customers.
As I said, if you don't trade fiat at all, you won't need to verify.

[Trading]

Sorry, but now I ended confused: "depositing and withdrawing alt coins does not require verification", but if I deposited bitcoin, traded it to fiat, then traded fiat back to bitcoin and want to withdraw my bitcoins again: do I have to verify?

[byt411]

Sorry, but now I ended confused: "depositing and withdrawing alt coins does not require verification", but if I deposited bitcoin, traded it to fiat, then traded fiat back to bitcoin and want to withdraw my bitcoins again: do I have to verify?

Yes, that would require verification, because you traded to fiat.
If you deposit Bitcoins and trade them to Litecoins, for example, you don't need to verify.

[Trading]

Alright, thank you again.
But I stand by my initial opinion, this doesn't seem to make sense, because someone that deposited bitcoin, exchanged for fiat, then back to bitcoin and withdrew bitcoin, is in an identical position of anyone that only deposited and traded alt coins: both can not launder money. the fiat they traded is in your hands and will never leave the exchange by their withdraws.
You will lose many traders that do trade daily, but that don't want to withdraw fiat and do like privacy.
But it's your decision, it seems you are doing ok, good luck.

[Gimmelfarb]

Sorry, but now I ended confused: "depositing and withdrawing alt coins does not require verification", but if I deposited bitcoin, traded it to fiat, then traded fiat back to bitcoin and want to withdraw my bitcoins again: do I have to verify?

what exchange are we talking about? in my experience, on bitstamp, btc-e and bitfinex, and cryptsy as well, as long as you are not depositing/withdrawing fiat, there are no KYC limitations. you can deposit coins, trade in and out of fiat, and then withdraw coins. never had a problem.

[byt411]

Alright, thank you again.
But I stand by my initial opinion, this doesn't seem to make sense, because someone that deposited bitcoin, exchanged for fiat, then back to bitcoin and withdrew bitcoin, is in an identical position of anyone that only deposited and traded alt coins: both can not launder money. the fiat they traded is in your hands and will never leave the exchange by their withdraws.
You will lose many traders that do trade daily, but that don't want to withdraw fiat and do like privacy.
But it's your decision, it seems you are doing ok, good luck.

I agree with you, but I'm just an employee. I have suggested this to my superiors.

Sorry, but now I ended confused: "depositing and withdrawing alt coins does not require verification", but if I deposited bitcoin, traded it to fiat, then traded fiat back to bitcoin and want to withdraw my bitcoins again: do I have to verify?

what exchange are we talking about? in my experience, on bitstamp, btc-e and bitfinex, and cryptsy as well, as long as you are not depositing/withdrawing fiat, there are no KYC limitations. you can deposit coins, trade in and out of fiat, and then withdraw coins. never had a problem.

We are talking about ANXPRO, a 0% Fee bitcoin exchange based in Hong Kong, which supports SEPA deposits and withdrawals.

[C.Steven]

Alright, thank you again.
But I stand by my initial opinion, this doesn't seem to make sense, because someone that deposited bitcoin, exchanged for fiat, then back to bitcoin and withdrew bitcoin, is in an identical position of anyone that only deposited and traded alt coins: both can not launder money. the fiat they traded is in your hands and will never leave the exchange by their withdraws.
You will lose many traders that do trade daily, but that don't want to withdraw fiat and do like privacy.
But it's your decision, it seems you are doing ok, good luck.

I agree with you, but I'm just an employee. I have suggested this to my superiors.

Sorry, but now I ended confused: "depositing and withdrawing alt coins does not require verification", but if I deposited bitcoin, traded it to fiat, then traded fiat back to bitcoin and want to withdraw my bitcoins again: do I have to verify?

what exchange are we talking about? in my experience, on bitstamp, btc-e and bitfinex, and cryptsy as well, as long as you are not depositing/withdrawing fiat, there are no KYC limitations. you can deposit coins, trade in and out of fiat, and then withdraw coins. never had a problem.

We are talking about ANXPRO, a 0% Fee bitcoin exchange based in Hong Kong, which supports SEPA deposits and withdrawals.

I can see you got a "ANXBTC Trusted Forum Manager" in your signature, so are you the owner (co-owner) or a staff of the site?

[byt411]

Alright, thank you again.
But I stand by my initial opinion, this doesn't seem to make sense, because someone that deposited bitcoin, exchanged for fiat, then back to bitcoin and withdrew bitcoin, is in an identical position of anyone that only deposited and traded alt coins: both can not launder money. the fiat they traded is in your hands and will never leave the exchange by their withdraws.
You will lose many traders that do trade daily, but that don't want to withdraw fiat and do like privacy.
But it's your decision, it seems you are doing ok, good luck.

I agree with you, but I'm just an employee. I have suggested this to my superiors.

Sorry, but now I ended confused: "depositing and withdrawing alt coins does not require verification", but if I deposited bitcoin, traded it to fiat, then traded fiat back to bitcoin and want to withdraw my bitcoins again: do I have to verify?

what exchange are we talking about? in my experience, on bitstamp, btc-e and bitfinex, and cryptsy as well, as long as you are not depositing/withdrawing fiat, there are no KYC limitations. you can deposit coins, trade in and out of fiat, and then withdraw coins. never had a problem.

We are talking about ANXPRO, a 0% Fee bitcoin exchange based in Hong Kong, which supports SEPA deposits and withdrawals.

I can see you got a "ANXBTC Trusted Forum Manager" in your signature, so are you the owner (co-owner) or a staff of the site?

No, I'm not an owner or co-owner in any way, shape or form, although it'd be nice if that were true, lol.
I'm an employee whose job is to answer customer queries and promote the exchange. Feel free to check it out.

[Gimmelfarb]

Alright, thank you again.
But I stand by my initial opinion, this doesn't seem to make sense, because someone that deposited bitcoin, exchanged for fiat, then back to bitcoin and withdrew bitcoin, is in an identical position of anyone that only deposited and traded alt coins: both can not launder money. the fiat they traded is in your hands and will never leave the exchange by their withdraws.
You will lose many traders that do trade daily, but that don't want to withdraw fiat and do like privacy.
But it's your decision, it seems you are doing ok, good luck.

I agree with you, but I'm just an employee. I have suggested this to my superiors.

Sorry, but now I ended confused: "depositing and withdrawing alt coins does not require verification", but if I deposited bitcoin, traded it to fiat, then traded fiat back to bitcoin and want to withdraw my bitcoins again: do I have to verify?

what exchange are we talking about? in my experience, on bitstamp, btc-e and bitfinex, and cryptsy as well, as long as you are not depositing/withdrawing fiat, there are no KYC limitations. you can deposit coins, trade in and out of fiat, and then withdraw coins. never had a problem.

We are talking about ANXPRO, a 0% Fee bitcoin exchange based in Hong Kong, which supports SEPA deposits and withdrawals.

ah, my mistake. i read through the posts, but apparently missed that. nothing to add from me -- i am not familiar with ANXPRO (or any Asian exchanges). as you were!

[byt411]

Alright, thank you again.
But I stand by my initial opinion, this doesn't seem to make sense, because someone that deposited bitcoin, exchanged for fiat, then back to bitcoin and withdrew bitcoin, is in an identical position of anyone that only deposited and traded alt coins: both can not launder money. the fiat they traded is in your hands and will never leave the exchange by their withdraws.
You will lose many traders that do trade daily, but that don't want to withdraw fiat and do like privacy.
But it's your decision, it seems you are doing ok, good luck.

I agree with you, but I'm just an employee. I have suggested this to my superiors.

Sorry, but now I ended confused: "depositing and withdrawing alt coins does not require verification", but if I deposited bitcoin, traded it to fiat, then traded fiat back to bitcoin and want to withdraw my bitcoins again: do I have to verify?

what exchange are we talking about? in my experience, on bitstamp, btc-e and bitfinex, and cryptsy as well, as long as you are not depositing/withdrawing fiat, there are no KYC limitations. you can deposit coins, trade in and out of fiat, and then withdraw coins. never had a problem.

We are talking about ANXPRO, a 0% Fee bitcoin exchange based in Hong Kong, which supports SEPA deposits and withdrawals.

ah, my mistake. i read through the posts, but apparently missed that. nothing to add from me -- i am not familiar with ANXPRO (or any Asian exchanges). as you were!

It's in English, but just based in Hong Kong. Feel free to try it out, you can trade only in cryptocurrencies if you want.
As I mentioned, 0% Fee, so there's no harm in trying it, isn't there? :p
ANXPRO.

[ranochigo]

ANXPRO is probably one of the best. I am currently verifying my information there, but so far, so good. There is good security and professional looking interface.
-ranochigo

[wenben]

itbit

[madken7777]

btc-e

[Bitcoineer]

I consider Kraken to be the safest and most reliable.

Will give a try to ANXPRO.

[ejinte]

Now I'm also using Thailand's new exchange
https://exchange.bitcoin.co.th/

[byt411]

I consider Kraken to be the safest and most reliable.

Will give a try to ANXPRO.

Welcome! Feel free to ask any questions, I am the official forum manager for ANXPRO.

[deepestfear]

I use bitstamp, worked well for me