Post
Topic
Board Trading Discussion
Re: Binance's 98% Dominance: Should We Be Worried?
by
John Abraham
on 23/02/2023, 17:25:24 UTC
If you don't want to compromise anonymity and privacy, there are non-kyc alternatives. But if you want to get top-tier service, then you have to compromise something. Anyway, everyone has to compromise something in order to achieve what he wants. At the moment it's reality and it can't be changed and yeah, I know that elites do all kind of shit through regulated companies.

We all doing it because Binance is too famous at the moment. Almost all famous exchanges required KYC. I don't know any Non-KYC exchanges that are reliable. In my country, almost 90% of people use Binance to buy and sell Bitcoin and other crypto. Because of that, we had to compromise privacy. Bitcoin users are supposed to be anonymous. But, when it comes to cash out and buying bitcoins, you have fewer choices. In fact sometimes no choices other than KYC-ed Exchanges.

Some Non-KYC exchanges offer BTC to USDT and others as well. But, they do not support local fiat money. If you want to buy bitcoin with USDT, You can do it from Non-KYC-ed exchanges. But, When it comes to buying/selling bitcoin for fiat. KYC-ed exchanges are the only choice.