Non-KYC exchanges for Bitcoin trading and compare trading fees.

[Gladitorcomeback]

I'll tell you more, those exchanges where I went through verification, (2-3 years ago) repeatedly want me to do it again. Or they do not allow me to withdraw funds. And this is normal, you should be ready for such rules. We store funds on their platforms = they can do what they want and no one forbids them. 

This is new to me, I have completed kyc verification for both binance and kucoin and all the time that I have used them I’ve never received a notice from them for me to rerun my verification process again.

Those two exchanges I listed above are the only once I can remember submitting my documents to, I did it before I knew the danger of kyc and the possibility of my details being compromised.

I am using binance and Kucoin and as I remembered more than 3 years but still not asked for KYC second time but 2 days ago I experience problem with OKX which ask me to do KYC again and unfortunately I lost my ID card in my home and I don't remembered it. In my country we have to wait for one month to get new card.



KYC is no doubt taking a very high risk even in binance but for P2P and other features such as joining launchpad, launchpool KYC is must. We are forced to do kyc even if we don't like it.

[NikeFit_7777]

I am using binance and Kucoin and as I remembered more than 3 years but still not asked for KYC second time but 2 days ago I experience problem with OKX which ask me to do KYC again and unfortunately I lost my ID card in my home and I don't remembered it. In my country we have to wait for one month to get new card.



KYC is no doubt taking a very high risk even in binance but for P2P and other features such as joining launchpad, launchpool KYC is must. We are forced to do kyc even if we don't like it.

I think each of (the exchanges we use) will require re-verification. This is not normal, I think. You can pass verification not through your passport, but through your driver's license.
Below is an example of how one of the exchanges, requires again to pass verification. I'll tell you in advance, I passed it, a year ago. How many more times do you think they'll ask for my personal information? That doesn't sound normal to me anymore.

P.S. What happens when regulation is stronger than it is now? I'm afraid to imagine. 

[Gladitorcomeback]

I think each of (the exchanges we use) will require re-verification. This is not normal, I think. You can pass verification not through your passport, but through your driver's license.
Below is an example of how one of the exchanges, requires again to pass verification. I'll tell you in advance, I passed it, a year ago. How many more times do you think they'll ask for my personal information? That doesn't sound normal to me anymore.

P.S. What happens when regulation is stronger than it is now? I'm afraid to imagine. 

Today OKX exchange temporarily freeze my account and I cannot deposit, trade or withdraw any asset. Account is now just watch only mode and I have to complete verification to re-access all function. This is not good as we have to give personal information again and again. 

My fund is low but how people believe on CEX with holding big amount. They can anytime freeze your account and will ask for any verification which sometimes we don't want to share it.

[Freemind]

Today OKX exchange temporarily freeze my account and I cannot deposit, trade or withdraw any asset. Account is now just watch only mode and I have to complete verification to re-access all function. This is not good as we have to give personal information again and again. 

My fund is low but how people believe on CEX with holding big amount. They can anytime freeze your account and will ask for any verification which sometimes we don't want to share it.

It doesn't seem crazy to me to think that exchanges, from time to time, require users to re-verify their accounts by submitting their personal documents. If we think about it coldly, they may be forced by law to request documentation again to avoid false documents, changes of address or telephone numbers. As users we know that CEX are subject to the regulations of each country, but we have not read the drafts of those laws, so we do not know 100% what is written.

Every day there are more cases of users having to resend their documents, and every day more users use DEX to avoid problems.

[dekafee79]

I don't see Binance have problem with user document KYC as far their operation without much problem for selling user document or use for any thing else.

Absolutely yes, I don't heard the problem of binance about KYC.
I believe binance will keep our private data.
Maybe I don't believe in new exchange, but binance is reputable exchange.
I know it's third parties, but as long as there is no news about  their mistakes in storing our data,
I still believe it...

[Gurujebs]

I can say that no information with a centralized exchange is safe. The self acclaimed sophisticated centralized exchanges have all suffered hack in the past making them to lose millions of investors and customers assets and funds to hackers. Binance that many are defending here have suffered hack years back when her members details and information were all stolen. One thing you should know is that once you give a consent by engaging in the KYC, you already tell them you agree with whatever they want to do with it and whatever the result maybe you will have nothing to hold against them and that has been the game of the exchange or third party till date. I believe everything works with time and a gradually process.

On a honesty level, decentralized exchanges has also lost some billions of dollars, no exchange is safe from this allegations. Centralized exchanges has lost a lot users money by personal stealing due to users not having their keys with them. MT GOX exchange is still one of the biggest in term of volume of Bitcoin and FTX is the largest in term of dollar valuation, this is why not your keys not your bitcoin is a bad storage system, avoid centralized exchanges.

I want to see improvement of decentralized exchange protocols so that people will have more trust on them, I understand that it's still new is the reason why all these hacks and lost of funds are in increase but with time, there is going to be huge creativity to protect users fund and minimize people from use of centralized exchanges.

[tranthidung]

I am using binance and Kucoin and as I remembered more than 3 years but still not asked for KYC second time but 2 days ago I experience problem with OKX which ask me to do KYC again and unfortunately I lost my ID card in my home and I don't remembered it. In my country we have to wait for one month to get new card.

Centralized exchanges and similarly gambling sites can ask you to resubmit KYC documents to verify your identity again.

Your situation is not actually bad because you used your own documents to verify your account. 1 month is not too long waiting time and you are lucky because the market is before a bull run. It will be worse if you fall into this situation but when the market is nearly its all time high, if you stuck one month, you will lose a lot of money.

This situation will be nightmare for people who bought accounts or bought identity documents to verify accounts. They will not be able to do this again, for second, third time or fail if exchange asks them to do advanced KYC like video verification.

[NikeFit_7777]

It doesn't seem crazy to me to think that exchanges, from time to time, require users to re-verify their accounts by submitting their personal documents. If we think about it coldly, they may be forced by law to request documentation again to avoid false documents, changes of address or telephone numbers. As users we know that CEX are subject to the regulations of each country, but we have not read the drafts of those laws, so we do not know 100% what is written.

Every day there are more cases of users having to resend their documents, and every day more users use DEX to avoid problems.

This is just the beginning of regulation. I'm not surprised at all. The fact that they again require verification is quite normal. But I'm not gonna do it. I don't see the point, I'd rather go use another exchange. There are quite a few of them.

Exchanges are exchanges, there is no guarantee that tomorrow funds will not be frozen and they will not again demand to provide some kind of paperwork about the origin of the funds.

P.S. Don't forget for hot/cold wallets - if you store it - only there. Or look for alternatives on your own. There's plenty to choose from. 

[doc]

It doesn't seem crazy to me to think that exchanges, from time to time, require users to re-verify their accounts by submitting their personal documents. If we think about it coldly, they may be forced by law to request documentation again to avoid false documents, changes of address or telephone numbers. As users we know that CEX are subject to the regulations of each country, but we have not read the drafts of those laws, so we do not know 100% what is written.

Every day there are more cases of users having to resend their documents, and every day more users use DEX to avoid problems.

This is just the beginning of regulation. I'm not surprised at all. The fact that they again require verification is quite normal. But I'm not gonna do it. I don't see the point, I'd rather go use another exchange. There are quite a few of them.

Exchanges are exchanges, there is no guarantee that tomorrow funds will not be frozen and they will not again demand to provide some kind of paperwork about the origin of the funds.

P.S. Don't forget for hot/cold wallets - if you store it - only there. Or look for alternatives on your own. There's plenty to choose from. 

Yeah, If we don't want to share private ID, better to choose other exchange.
I didn't believe my private data will safe, because we all know about misuse private data at several companies.
So be careful.
But I suggest if they are reputable exchange, I think we can do

[Papusha20]

Timing is critical especially in the run-up to the halving as investors who miss this time will surely walk away from reaping massive benefits later on. At present those who are ready to invest are engaged in the best work. Documents have to be submitted to Centralize Exchange several times to verify as the assets will be stored in the wallet. Now that the Bitcoin market is always going through highs and lows, trading and long-term holdings are the most profitable.

[Sokani]

I don't see Binance have problem with user document KYC as far their operation without much problem for selling user document or use for any thing else.

Absolutely yes, I don't heard the problem of binance about KYC.
I believe binance will keep our private data.
Maybe I don't believe in new exchange, but binance is reputable exchange.
I know it's third parties, but as long as there is no news about  their mistakes in storing our data,
I still believe it...

Let me burst your bubbles, Binance has been hacked before and they can be hacked again. Once your data is stolen you can never undo it, so be careful of how you give it out.

"Binance, the world's largest cryptocurrency exchange by trading volume, said it's investigating the alleged leak of its customers' verification information. The leak could affect up to 60,000 individual users who sent KYC information to the company in 2018 and 2019."

Binance Customer Data Leak: What We Know and What We Don't

[fruktik]

Let me burst your bubbles, Binance has been hacked before and they can be hacked again. Once your data is stolen you can never undo it, so be careful of how you give it out.

"Binance, the world's largest cryptocurrency exchange by trading volume, said it's investigating the alleged leak of its customers' verification information. The leak could affect up to 60,000 individual users who sent KYC information to the company in 2018 and 2019."

Binance Customer Data Leak: What We Know and What We Don't

Someone is going to make good money on selling personal data in that quantity. Nowadays, you can get decent money for an account with photo verification with a passport in hand. If you drain all this base at minimum prices, you will get quite a decent amount of money, which will be enough for a long time. That is why they try to steal or get this information about customers.

[Sokani]

Someone is going to make good money on selling personal data in that quantity. Nowadays, you can get decent money for an account with photo verification with a passport in hand. If you drain all this base at minimum prices, you will get quite a decent amount of money, which will be enough for a long time. That is why they try to steal or get this information about customers.

With the way CEXs are forcing KYC on users, the data resell business may even become more valuable and lucrative in the future. According to the information below, stolen data can also be sold in packages on the darkweb.

"The data is seemingly for sale for $10 per 100 documents or more, with discounts applying for those who buy in bulk, all the way up to $1 per 1,000 for an order of over 25,000. CCN.com was able to independently verify the ad on the dark web, which is still online."

https://www.ccn.com/hacked-customer-data-from-world-leading-cryptocurrency-exchanges-for-sale-on-the-dark-web/

[NikeFit_7777]

Be careful. OKX - sent (today) this text.

P.S. I will not go through any verification. I'd rather use other exchanges.  Here it is, the whole essence of exchanges. Anything on the exchange does not belong to you! It's my job to warn you, it's up to you what you do.

"In accordance with laws and regulations, you need to update your verification data within 7 days. to avoid account restriction."

[0t3p0t]

KYC is pain and if you do KYC on a centralized exchange, you lose your identity document, forever.

Sad reality but we are left no choice as local and international CEX that are and will operate here in my country will undergo regulation and they are required to do KYC. Exchanges that are not compliant with the SEC is now facing 3 months grace period before getting the total banning.