Post
Topic
Board Trading Discussion
Re: I'm looking for a New Trading Site
by
Twinkledoe
on 07/02/2021, 23:45:31 UTC
I haven't needed to do kyc with binance and have deposited 0.5+ btc in the past.

I'm using it from the UK so you could vpn through to there or somewhere like Scandinavia or the Netherlands who may be more relaxed still (I'm assuming).
Nice I'll check it out, the only thing that would worry me is if they let you deposit and make trades but want ID to withdraw which is super shady lol.

I believe Binance still has a 2 BTC daily limit on no KYC accounts.
Besides, you can also check KuCoin. I think there is a 5 BTC daily limit for unverified accounts.
https://support.kucoin.plus/hc/en-us/articles/360015102254-About-KYC-Verification


I'm not sure if it's true.  I withdrew just about 0.8BTC last year and they were holding my withdrawal until I can submit my documents and a video.  The KYC verification for all exchanges is mandatory even for an account holding less than 1BTC. This is a regulated market already, and everyone had to undergo the critical examination.

If you don't wanna submit documents for ID verification, then just go to DEX or just buy BTC to user.


But he can try first the Binance.US as it doesn't need KYC verification for 2 btc a day.  Though I haven't experienced any issues with both binance and kucoin, but maybe if they see that the account is having large funds, they will spot check the account.