LocalMonero is probably the most trusted and well-established P2P Monero exchange in the XMR (Monero coin) community. This is paid direct to miners of the respective blockchain to process your transaction. Withdrawal fees: LocalCryptos does not charge a fee for you to withdraw from your wallet. Like some other DEXs we’ve mentioned, you are never buying cryptocurrency from or selling cryptocurrency to LocalCryptos, instead you are always in direct exchange with another user.Īnother cool thing about LocalCryptos is that it’s built in such a way that it feels similar to an ordinary platform, meaning people moving from a big centralised exchange feel right at home. Non-custodial platforms don't hold users' private keys. LocalCryptos enables you to buy and sell crypto using non-custodial wallets and a non-custodial escrow system, all powered by smart contracts. This allows trades to happen directly between users' wallets and without having to submit their personal data. Since the platform doesn’t hold funds, it’s not subject to complex compliance procedures. This minimizes the possibility of theft and reduces trading time, both very cool features. HODL HODL allows users to trade directly with each other and it doesn't hold user’s funds - locking it in multisig escrow instead. Withdrawal fees: 2.173 BTC per 24 hours HODL HODL They believe that this practice creates extreme risks for users that their personal details and financial information will be stolen, leaked or otherwise used against their own best interests.īisq state on their website: "Where Bitcoin’s motto is 'be your own bank', our motto is ' be your own exchange'. Bisq acknowledges that most centralized exchanges require users to divulge personally identifying information in order to set up an account, and then in turn link users' trading activity to their respective identities. Bisqīisq has a mission is to provide a secure, private and censorship-resistant method of exchanging crypto for national currencies. Withdrawal fees: Without KYC: $10,000 per 24 hours. When using CoinEx, there are attractive conditions provided for large trading volumes. Using this coin when trading has advantages in terms of commission fees. There are tons of cryptocurrencies and tokens on the site, including its unique CET coin. CoinExĬoinEx is a no-KYC exchange that offers spot and margin trading, as well as trading on perpetual contracts. Withdrawal fees: without KYC you can withdraw 5 BTC per 24 hours, with KYC it’s 100 BTC per 24 hours. Also, iI you hold their coin, KCS, you get 20% off on trading fees. This allows you to get in before that pump and make some big gains. Getting it is beneficial because if one of them is listed on big exchanges, their price is likely to pump. With KuCoin, you get early access to projects that are not on the larger exchanges like Binance and Coinbase, which creates a big opportunity. #Binance verification time verificationThe account verification process is optional, so people can trade crypto with just an email address. This includes its native token (KCS), which reduces fees and earns rewards. It allows trade over 370 cryptocurrencies, which is among the widest ranges found on crypto exchanges. KuCoin is a decentralised exchange born from Singapore. Here we will give them a brief introduction, as well as some of the unique aspects they can offer as a decentralised exchange (DEX). Now you know what KYC is, let's get into seven crypto exchanges that do not ask for KYC information upon registration. Don’t want to wait for validation process.Hide proceeds from creditors, employees, or even spouses.Not having to trust someone with your sensitive info.Why is this? People may want to avoid KYC in order to: This proves that there are thousands of people out there who want to trade crypto without initiating KYC process. When Binance made full-compliance KYC mandatory in August 2021, it lost 3% of its users. Why might someone want to avoid KYC in crypto? These ID document requirements vary depending on the exchange. Identity verification requires personal information that can be used to verify identity, such as ID card, passport or gas bills. It refers to the verification of a customer's identity. KYC is an acronym for 'know your customer' (or sometimes, 'know your client'). Here we round up the most credible, secure and user-friendly exchanges out there where KYC is not necessary. Looking for a crypto exchange with no KYC? Some crypto investors prefer to go about their crypto-business without having to disclose personal information.
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