If you go to OrangeFren, for example, to swap BTC with XMR, the number 1 exchange that's suggested is Quickex. Convenience might tell you to go with the top recommended without "complicating myself". What could go wrong with the swap platform that's labeled best in OrangeFren, right?
Well, everything. They could freeze your transaction. They could keep your funds. You could suddenly be asked to undergo KYC. Furthermore, they aren't even their own liquidity provider, has a private source code, and so on. Even getting back your own money may require KYC.
You're right, we may request KYC and we're not trying to hide this fact. We don't accept 'dirty' coins. Money laundering is a serious crime that may result in big problems for a crypto exchanging service. Remember what happened to eXch?
What do you suggest we should be doing in that case? Even I visited the site and tried finding out which exchange should one use.
My best guess was to go for those which are "fully guaranteed by OrangeFren".
May be even they can ask for KYC in case of any dispute but I guess the chances should be low.
According to you what would be the best case to exchange the coins if we want to avoid KYC.
You are welcome to use Quickex! If you are concerned about KYC - please, contact our support team to check your wallet address before an exchange. We are also working on a cashback program, check it out
https://quickex.io/cashback