From their industry-low trading fees (0.1% taker and maker respectively) to their sheer amount of available coins and high levels of liquidity, it seems as if they can do no wrong. While it may come off as if we’re painting in very broad strokes here, it’s simply very hard to find a fault with almost anything that Binance does. Nowadays, a crypto exchange list without Binance fulfilling at least some of the criteria in each particular instance would probably be dishonest. However, the bright side is that not all of them do, and we compiled the best exchanges for you that don’t require any personal data or enforce KYC in a very limited manner.ĭo note that most of the platforms listed below are decentralized, but not all of them are.įor the rest of you, let’s take a look at the options. Nowadays, you’re required to submit all sorts of sensitive personal data to the crypto exchanges in order for them to comply with the KYC/AML/what-not guidelines that is, if you’re to do any serious trading. So, it’s safe to conclude that the ideal cryptocurrency in its infancy was to be a decentralized one, and even though that’s come to pass to an extent, the exchanges, or rather the chokepoints for cryptocurrency, are not entirely free of the powers that be. Whether these fears are founded or not largely depends on the particular situation, but one thing is certain – the cryptocurrency market, or rather the cryptocurrency exchanges, are definitely under closer scrutiny.īack when Satoshi Nakamoto (allegedly) pioneered the idea of Bitcoin, his intention was to create a “trustless” system, a digital currency where the intermediary was non-existent for both cost-cutting and privacy-maintaining reasons. In recent years, online privacy concerns and a general lack of control over our personal information on the Internet has left many concerned and unwilling to disclose more details than it’s absolutely necessary.
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