A new website seeks to compile an active list of every crypto currency exchange that receives traders without forcing them to submit personal information through „know your customer“ verification, or KYC.
Kycnot.me only deals with exchanges that support Bitcoin Millionaire or Monero (XMR), claiming that BTC is the main crypto asset with the highest adoption and XMR offers the strongest privacy protections.
HodlHodl eliminates all KYC requirements on its platform
The website tracks KYC’s free crypto currency exchanges
The website currently lists 14 free KYC trading platforms, many of which offer a peer-to-peer market for crypto assets.
However, the site has made several warnings regarding more than half of the exchanges mentioned, including observing strict restrictions on use without verification, extravagances for withdrawals, and requests for certain identity information despite the absence of KYC requirements.
Does Blockstack really have one million verified users?
Surprisingly, the list does not include the popular Binance, KuCoin, or BitMEX exchanges.
KYC incompatible with the spirit of the crypts
According to a manifesto published by the website’s owner to Github, Kycnot.me details its mission to „preserve the decentralized and self-governing essence of crypto currencies“ by „making it easier for people to find reliable ways to buy, trade, trade and use crypto without having to identify themselves.
Bitcoin and Anonymity
The publication states that crypto currencies were created „to eliminate the dependence between users […] and the centralized entities that are in control […] of our economy,“ adding that many „KYC and AML exchanges have grown to „act exactly like a bank.
Kycnot.me invites community members to make suggestions and recommendations.