Dive into the dynamic realm of cryptocurrency in our latest video, where we tackle the pivotal question: "To KYC or not to KYC?" As the crypto landscape evolves, the choice between privacy and compliance becomes increasingly crucial. Join us as we explore the Top 5 No-KYC Exchanges, navigating through the challenges posed by government regulations and crackdowns worldwide.
In this comprehensive video, we shine a spotlight on MEXC, a global crypto exchange with no mandatory KYC, offering a diverse range of features, including spot and P2P trading, futures, ETFs, and passive income opportunities. Unveil the three distinct account tiers on MEXC-Unverified, Primary KYC, and Verified Plus-and understand the withdrawal limits for each.
Next on the list is CoinEx, a no-KYC exchange catering to a global audience. With over 600 cryptocurrencies available for spot, margin, and futures trading, CoinEx prioritizes user privacy. However, recent developments in 2023 have led to restrictions on onboarding new US clients, following a settlement and ban in New York.
Explore dYdX, a hybrid decentralized exchange revolutionizing perpetual trading options for over 35 cryptocurrencies. Discover the freedom of non-custodial trading, as dYdX eliminates KYC for users outside restricted locations, while unfortunately not being available to residents in the US or Canada.
Delve into Bybit, a powerhouse in the crypto exchange space, handling over $700 million in daily trades. Bybit supports 400+ cryptocurrencies and major fiat currencies, but not without KYC requirements. Learn about the different KYC levels and the implications for accessing certain products and withdrawal limits.
Finally, we explore PrimeXBT, a global crypto exchange providing access to traditional markets. PrimeXBT takes a strong stance on user privacy, with no mandatory KYC. However, be aware that the platform reserves the right to conduct identity verification at any time.
Remember, this information is based on publicly available data at the time of recording, and it's crucial to conduct thorough due diligence before engaging in any trading activity. For a detailed breakdown of the most popular no-KYC platforms, click the link in the description. If you found this video insightful, consider dropping a like and subscribing for more crypto content. Stay informed, stay secure, and we'll see you in the next video!
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Our tax team has done a lot of the groundwork to provide you with facts and education on crypto taxes, but neither myself nor Koinly are financial or tax advisers. This information is for educational purposes only and is not tax, financial, or legal advice. It’s not comprehensive or a substitute for professional advice. Examples given may not apply to you.