Post
Topic
Board Trading Discussion
Re: BitMEX alternatives?
by
exstasie
on 28/08/2019, 17:33:10 UTC
What do you think of this exchange - bitfinex? Can this be used as an alternative that the topic starter is looking for? Here in the reviews write that KYC is not required, if prefer cryptocurrency trading. Is this really so? It is difficult to find exchanges without KYC or there are restrictions on the deposit now.

This is their FAQ about verification: https://support.bitfinex.com/hc/en-us/articles/115003424209-Verification-Frequently-Asked-Questions

If you deposit/withdraw crypto only, you can trade and lend without KYC. If you deposit/withdraw fiat money (or stablecoins like USDT), KYC is required. Keep this little tidbit in mind though:

Quote
However, as per our Terms of Service, we reserve the right to ask for KYC information at any point in time if your account activity raises flags.

They began exercising that right earlier this year so be careful!
https://www.reddit.com/r/bitfinex/comments/by15zs/bitfinex_is_locking_accounts/
https://www.reddit.com/r/bitfinex/comments/bzeh9t/warning_bitfinex_kyc_scam_is_in_full_play/