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A website compiles a list of exchanges that are free of the KYC regulation (Know Your Customer) and indicates some restrictions

June 14, 2020

A new website is trying to compile a Active list of all cryptocurrency exchanges that traders receive without forcing them to provide personal information through the “Know Your Client” or KYC verification.

Kycnot.me only deals with exchanges that support Bitcoin (BTC) or Monero (XMR).claims that BTC is the top crypto asset with the highest acceptance and XMR offers the strongest protection of privacy.

The website tracks the KYC-free exchange of cryptocurrencies

There are currently 14 KYC-free trading platforms listed on the websiteMany of them offer a peer-to-peer market for crypto assets.

A website compiles a list of exchanges that are free of the KYC regulation (Know Your Customer) and indicates some restrictionsA website compiles a list of exchanges that are free of the KYC regulation (Know Your Customer) and indicates some restrictions

However, the website has made several Warnings in relation to more than half of the exchanges mentioned, including the Adherence to strict usage restrictions without verification, extravagance with withdrawals and requests for certain identity information despite the lack of KYC requirements.

Surprisingly, the list does not include the popular Binance, KuCoin, or BitMEX exchanges.

KYC incompatible with the spirit of the cryptos

According to a manifesto published by the website owner on Github, Kycnot.me explains its mission “to preserve the decentralized and self-managed essence of cryptocurrencies”. by “making it easier for people to find reliable ways to buy, exchange, trade and use crypto without identifying themselves”.

The publication claims that cryptocurrencies were created “to eliminate user dependency […] and the centralized entities that are in control […] our economy, “he added Many “KYC and AML exchanges have grown to” act just like a bank “..

Kycnot.me invites community members to submit suggestions and recommendations.

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