Guidelines for “Know Your Customer” have grown in importance in banking systems. Hence many trading platforms hinder you from operating if you lack one. The KYC procedure, which involves providing identifying papers in various countries, is used to confirm the identities of users of a particular service. But many platforms let you operate even without KYC. These exchanges are equally trustworthy and safe. The only distinction is that KYC updates are not necessary for users on these platforms. If you are planning to trade Bitcoins, you can visit the official Bitcoin 360 Ai site.
Some Platform Are As Follows:
Binance
This is yet another top cryptocurrency exchange that does not require KYC, it accepts all Altcoins and allows users to access it anonymously. They are established in China and have more than 6 million users, however, due to several constraints, they moved to Malta in the EU.
Recently, it surpassed the trading volume that was possessed by the Bittrex and boats within 24 hours. With Binance, you may trade, withdraw money, and make deposits without having to update KYC for every user, and you can withdraw up to two bitcoins every day.
Bisq
It also goes by the name BitSquare and is a peer-to-peer exchange for digital currencies like Bitcoin, Ethereum, and others. It is the first completely decentralised exchange in the world where you do not have to provide your personal information, like your name, email address, or undergo KYC or AML.
Compared to the other exchanges on the list, it is one of the most sophisticated, but it still has a low volume and might be a little challenging for novice users. Users like Bisq’s usage of Tor and lack of storage of money or BTC on their servers or accounts contribute to their security.
CoinSwitch
As it allows you to trade cryptocurrencies at the best prices, this is among the finest cryptocurrency exchanges available without KYC verification. They allow you to trade over 400 cryptocurrencies, altcoins, and tokens without even opening an account on an exchange. This exchange was established in 2017 and has its headquarters in India. In a few years, it has already executed more than 1 million transactions.
Bitfinex
The services provided by this exchange rank among the greatest platforms in the world. With more than ten years on the market, Bitfinex has consistently led the way in terms of technological innovation for trading digital assets. They want to offer the greatest cryptocurrency trading experience to their customers.
PrimeXBT
This might be a fantastic choice if you’re seeking a crypto exchange without KYC. PrimeXBT was founded in 2018 in Seychelles and has quickly risen to the top of the exchanges.
The average daily trade volume is around 1.5 billion dollars. They have a lot of benefits, but one of the finest is that they provide the maximum trading leverage across all asset classes.
HodlHodl
It is a non-custodial peer-to-peer BTC exchange platform. Its primary goal is to entirely decentralize the payment system so that no single entity is in charge of managing transactions. The advantage is that they don’t keep a user’s money; instead, they provide an escrow service by creating a multi-signature wallet between users. Hodl Hodl is a completely decentralized market where you may exchange BTC with other users while maintaining complete anonymity.
Conclusion
Since KYC has grown in prominence after the expansion of the financial sector. Many people in the digital realm are searching for those platforms that allow you to function even without knowing your customer mandate. Hence to help you all out some of those platforms are given in this article as well. I hope they will help you to work even without the KYC requirement.
