Post
Topic
Board Beginners & Help
Merits 1 from 1 user
Re: KYC - IDENTITY VERIFICATION or IDENTITY THEFT
by
o_e_l_e_o
on 18/05/2021, 11:33:11 UTC
⭐ Merited by 20kevin20 (1)
Its funny some IDOs requiring KYC authentication when they are aware that IDO stands for initial dex offering, while the term dex simply means decentralized.
There are plenty of exchanges which call themselves decentralized when they are no such thing. LocalBitcoins used that term for years before forcing KYC on their users. IDEX has the word DEX in the very name of their exchange, and yet demand KYC to use it. The word decentralized is used as a marketing gimmick by many, and many users don't understand what it means or why it is important.

There are a handful of exchanges out there that allow you to withdraw 1-2BTC/day without KYC.
But are there any centralized exchanges left which allow you to trade between fiat and bitcoin or vice versa without KYC?