Cryptocurrency is growing in popularity, every day new investors join the space. People constantly trade their assets for other preferred assets. It can be done on the exchanges and there is an array of options when it comes to the best exchange to exchange your asset. you probably already used a couple of them most popularly Binance and Coinbase. However, following regulatory systems and the need to regulate the exchange of cryptocurrency and digital assets, exchanges are employing means to identify their customers and ensure that customers' legal details are well-documented in case of fraudulent activities.
Binance, Coinbase, and other reputable cryptocurrency exchanges have implemented compulsory KYC rules for users of the exchange. KYC is a short form for “Know your customer”. This process involves submitting your legal documents to The Exchange. The exchange via third-party companies access files submitted to them. The concerned user is approved to trade on the exchange if these files meet certain rules.
Unfortunately, many cryptocurrency enthusiasts cannot complete this process due to personal issues. In case this applies to you these are some exchanges you can use instead.
Kucoin
Kucoin is a cryptocurrency exchange located in Seychelles. processing over 6 billion dollars in trade it is a quite popular exchange. over 1,300 assets are listed and are tradable on Kucoin. fortunately, the compulsory KYC doesn't apply to this exchange… at least for now. worried about submitting your documents? you should consider trading your assets on this exchange. Fortunately, many great digital assets are currently trading on the sections.
Gate.io
Gate.io averages over 4 billion dollars in trade daily. This figure could get even higher when the market gets busier. On this exchange are listed several interesting cryptocurrency assets, and you can freely trade these assets without submitting your legal documents. Gate.io flaunts a similar interface to most other cryptocurrency exchanges. This similarity means you won't get to miss using your favorite exchanges.
Bkex
Over 2 billion dollars worth of cryptocurrency assets is traded on Bkex daily. over 700 assets are currently trading on this exchange, this includes Bitcoin Ethereum, and several stablecoin pairs. Currently, Bkex exchange doesn't have Strict customer identification rules. Having said this; you can freely trade your digital assets on this exchange.
Even though these exchanges allow you to trade Your assets without customer identification there are still limits to how you can trade on these exchanges while you are still unidentified. There could be withdrawal limits or restrictions on the number of assets you can trade at a go. Regardless, these come in handy for investors who are yet to obtain the documents required for this process or don't wish to go through the verification process yet.
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