Can you trade without KYC?

With Binance, you can do trading, withdrawals, and deposits without updating KYC for all users and can do up to 2 BTC withdrawals every day.

Answer: Most peer-to-peer crypto exchange platforms do not require you to follow the Know-Your-Customer or KYC and other verification guidelines . These include LocalCryptos, ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins some of which you can trade up to a maximum of 2BTC.

Best Decentralized Exchange Bisq We picked Bisq because it is a decentralized, open-source exchange with no Know Your Customer (KYC) requirements.

Due to a lack of KYC process , and no way to revert a transaction, users are at a loss if they are ever hacked for their passwords or private keys. Although liquidity pool DEX are the most widely used, they may have some drawbacks. The most common problems of liquidity pool DEXes are price slippage and front running.