Hello 👋 how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.
This is normal, there are concerns about the security of personally identifiable data requested for KYC on exchange platforms. Because we really don't know and they also may not be able to guarantee 100% data security.
As long as I know, Kucoin is one of the top exchanges that has several steps or levels of verification.
You can still do transactions and withdrawals although you are not doing KYC verification, but it will limit you to only 5BTC maximum in a day. If this is enough, I think it is enough for you.
Verification Level Daily Withdrawal Limit
Unverified 5 BTC
KYC1 200 BTC
KYC2 up to 3000 BTC