Post
Topic
Board Trading Discussion
Re: Any good KYCless exchange ?
by
carlfebz2
on 02/04/2020, 19:22:27 UTC
What's good these days ?  My old exchange quadriga went bust and I'm looking for a trusted exchange that's simple and doesn't require registration or personal info. just email at most.  I only have small amounts and only want to convert and not neccessarily withdraw.

Since you've a small account, Binance is a perfect fit. You don't need to KYC to enjoy most of its features (deposits, withdrawals, trading etc).   You just have to create an account and voila, You should be good to go. If you're not comfortable with centralized exchanges and you can checkout decentralized exchanges like DDex. They don't require KYC details AFAIK.
Yeah, if you will only use small amount of investment, Binance is one of the best option since they are allowing traders to use their facilities as long as you are not going to surpass their limits, they are allowing up to 2btc if i'm still recall it correctly. Though if you are looking for much higher trading capabilities or you wanted to maximize everything then that's the only time you'll be needed to submit your KYC.
I think for ordinary investors, the withdrawal of 2 BTC per day is too high and binance has done a good job of attracting new investors without forcing them to KYC.

In addition to Binance, exchanges like Bitmax and Huobi also do not require KYC and this makes these exchanges receive great trust. I hate KYC compulsory exchanges because it's against the standards of the crypto market.

Yeah, there were other exchangers that doesnt have KYC on a certain limit but i would choose to stick out with Binance and as said they do have the reputation which we can hardly rely on.
Didnt tried out to use Bitmax though but for Huobi i do make use of it once. KYC shouldnt really be implied here on crypto space but due to legal aspect these exchangers would really need
to follow it out which do really sucks when everytime a thing do ask for some verification as we know that this is fully contrary on what most people do like why they've been here on crypto space.