A brand new web site in search of to compile an lively record of each cryptocurrency change that welcomes merchants in some capability with out for
A brand new web site in search of to compile an lively record of each cryptocurrency change that welcomes merchants in some capability with out forcing them handy over private data by means of know-your-customer, or KYC, verification.
Kycnot.me is barely involved with exchanges that assist Bitcoin (BTC) or Monero (XMR), asserting that BTC is the biggest crypto asset with probably the most adoption and XMR presents the strongest privateness protections.
Web site tracks KYC-free crypto exchanges
The web site at present lists 14 KYC-free buying and selling platforms, lots of which supply a peer-to-peer market for crypto belongings.
Nevertheless, the positioning has listed warnings regarding greater than half of the exchanges talked about — together with noting tight restrictions on verification-free use, withdrawal quirks, and requests for sure identification data regardless of the absence of KYC necessities.
Surprisingly, the record doesn’t embody the favored exchanges Binance, KuCoin, or BitMEX.
KYC incompatible with ethos of crypto
In keeping with a manifesto posted by the web site’s proprietor to Github, Kycnot.me particulars its mission to “protect the decentralized and self-governed essence of cryptocurrencies” by “mak[ing] it simpler for individuals to seek out reliable methods to purchase, change, commerce and use cryptos while not having to determine themselves.”
The put up asserts that cryptocurrencies had been created “to untie the dependency between the customers […] and the centralized entities which can be in management […] of our economic system,” including that many “KYC and AML exchanges have grown to “act precisely like a financial institution.”
Kycnot.me invitations recommendations and proposals from group members.