Post
Topic
Board Altcoin Discussion
Re: Is there any exchange with decent volume and no verification needs?
by
thejaytiesto
on 25/01/2018, 13:38:44 UTC
Bittrex used to not care if you didn't provide any info, then they started freezing accounts randomly asking for ID scans, phones, addresses... yeah no thanks, im not going to give my dox to pontial scammers, I just want to trade some altcoins (and some people have their money frozen even after entering details)

I was using Poloniex, but similarly, my old account is now considered "Legacy" and is now a matter of time where they will freeze it and not leave me do anything unless I enter all kind of details which I consider unsafe. $2k withdraws a day anonymously used to be enough but now these times are going to be over soon.

What do we have? Livecoin and cryptopia are some exchanges im using to speculate with some altcoins but their volume is really low. Can you register in Binance and trade anonymously? Never tried to get in there.

oh man, I completely understand your concerns but at some point all exchanges will demand verification process. Just to mention that cex.io took all sensitive info from me for the account validation (ID, bills, selfie, etc...) they didn't ask for blood type, luckily. So when someone mentions "decentralization" I can only laugh at it. those from cia and other similar agencies know everything about us dealing with crypto.

Only if you actually send them the info they know. You have your right to refuse to do so and search for another exchange. There will always be people hosting exchanges somewhere where the KYC thing isn't required.

There's people saying here that Binance doesn't require anything and has a 2 BTC withdraw daily which is pretty good. I will give it a try.

You can trade at Binance anonymously. I have tried that and Binance only require a two factor authentication to start trading. But it's only have a 2 Bitcoin withdrawal per days.

I believe in the future many centralized exchanges will required an identity verification because of government getting stricter with crypto currency. I'm sure when that happens, the decentralized exchanges is the only solutions.

So they require a phone number? that's still annoying. I could get around it tho, but is there a way to just enter an email and password and be done with it?


You realize that they don't want to ask for KYC, they are REQUIRED by LAW to ask for it.

Only if hosted in a country which requires KYC.