There are p2p trading alternatives and decentralized exchanges like Bisq that don't have any KYC verification procedures.
I understand that running big centralized exchanges like Binance and others is almost impossible nowadays without some kind of KYC, but look what happened with FTX and similar examples.
Documents leaked from ''safu'' Binance, coins got seized from ''trusted'' FTX and who knows what else is happening behind the scenes.

Thank you for the information about an interesting project, it’s embarrassing, but we haven’t heard specifically about Bisq in the context of DEX. A quick acquaintance with the project showed that they, unlike most DEX, work with fiat currencies. It turns out they are rather not a decentralized exchanger, but rather a decentralized p2p platform? Then the question of trust between knots emerges once again.

Let’s suggest that the system of transfer conformation can be implemented technically in this or that way, but what to do with accessing the safety of fiat transactions? What guarantees are there that the FBI won’t break in my door tomorrow because I received a transfer on my card from a drug dealer or kidnapper who decided to exchange dirty money for clean bitcoin through a conditional Bisq that asks no questions?

We will still keep our opinion that the world of decentralized cryptocurrencies and the world of fiat are two different ecosystems; each has its own rules, norms, risks and procedures. These two different worlds must exist separately from each other and cross only when absolutely necessary. And if a person would want to transfer assets from one ecosystem to another, then they will have to give up "on the threshold" of all the features of the previous system. That is, if fiat is being transferred to cryptocurrencies, you need to forget about governmental legal and financial protection; if cryptocurrencies are being transferred to fiat, you need to forget about anonymity and no censorship.

And trying to transfer the principles of decentralization into the world of fiat currencies is a rather utopian idea of romantics with youthful maximalism and not our "bright future". It is better to develop alternative economics rather than teach bankers to keep our personal data correctly. We would be happy to buy everything only for cryptocurrency had the business in the whole world allowed us to do so!

Bisq is the only real decentralized exchange, because you must download open source software and install it on your computer, there is no middle-man and servers.
This means you can use it for exchanging with other people p2p, and deposit

There is no ''clean'' and ''dirty'' Bitcoin on Bisq, all Bitcoin is equal.
Can you guarantee that FBI or Russian FSB won't break in someone doors using exchangers listed on Best Change website?
This was never reported to happen with Bisq and you can always choose how you want to receive fiat money, face to face cash or something else.

Nobody is forcing you to exchange Bitcoin with fiat money, but Bisq offers freedom to choose whatever you want.

Do you have a bank account or do you use exclusively cash? Don’t you fly by plane? Don’t you order food delivery etc.? Why do you have such a biased attitude to KYC from crypto projects, although statistically there are more data leaks in other businesses, including from banks themselves or their partners. Not to mention social media and services.

Data leaks of the passed KYC procedures are terrible! But what can you offer as an alternative? “Nothing" is not an answer, it is an unrealizable dream. Today it is the basis of the modern economy. So far, they have not come up with another way to evaluate confidence in counterparties; to say that "we will not go through KYC, because Satoshi Nakomoto bequeathed it to us", these are stupid things or reasoning of young maximalists.


We spoke not about “dirty” bitcoins but about a “dirty” transfer of fiat currency. Although the problem of “dirt” is relevant for both ecosystems. But in the world of fiat currencies, it’s easier to prove your non-participation in a conditional bank robbery, even if you paid with marked bills. In the world of blockchain, you will be blamed for all the crimes that the coin that came to the exchange from your wallet managed to get into.

This is a problem, and it needs to be solved. Ignoring strategy is a stupid one. When the officers of the secret service come to you, it will no longer be possible to close your eyes with your hands and say "There is no ''clean'' and ''dirty'' Bitcoin" so that they simply dissolve.

You criticize existing practices but do not propose a solution except to ignore laws because "crypto is above the law." This does not benefit the community and does not bring us closer to the protected alternative to the outdated KYC.

I'm not worried about someone using my bank account to order a plane ticket, they'll get caught at the airport.
If, however, someone uses my bank account to buy Bitcoin, the money is gone.
Ordering food or many other items doesn't require any of my documents. I pay, and they ship my order to the address I gave them. That's much less of a privacy invasion than foreign entities that ask for documents without even sharing their own identity.

My computer can't even access social media

I'm still using instant exchangers without KYC, and that works just fine.

That's still not a reason to hand over KYC documents to many different websites. It's the opposite: share it as little as possible.
I'm not hiding from my bank, nor from my government. I'm hiding from the rest of the internet.

Why does exchange rate float?

When selecting an exchanger on our website, always pay attention to the mark “This exchanger does not fix the rate at the moment of order creation.” It will mean the following:

- The selected currency pair is very volatile. It is exactly then the exchanger sets a small term of the order or a maximally allowed percent of deviation in order to protect itself from the risk of sharp fluctuations in the exchange rate.

- If the deal takes a considerable amount of time, for example, with cash. In this case, the exchanger will re-calculate the amount at the rate that takes place at the moment of the deal completion.

- We would like to clarify one moment when exchangers set a certaine time limit for the rate fixing. If the order has not been paid within this timeframe, then the fixing is cancelled. Also, sometimes the rate is reviewed only after considerable change of the market rate of the currency.

Visit the website to find the most favorable exchange rate on BestChange.com

https://www.bestchange.com

What happens if the exchanger ignores it? Would it turn into red and affect their rating/review counter?

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BTW, last month I wanted to ask you about a "specific case", but while I was waiting for them to respond, I completely forgot the whole case until I read your post, so I was wondering what happens to exchangers that run such contests to inflate their ratings and climb the "ladder"?

On the website BestChange, you can find a pleasant function — a bitcoin-faucet. If you “play” with it, you can receive satoshis to your wallet. The wallet is completely safe, it does not have ads and it does not redirect to other sites.

A quick instruction on how to use it:
- On the buttom on the left of the page, under the section of payment directions, you can easily find information about the BTC-faucet.
- Then you enter the address of your crypto wallet and solve captcha.
- Then you need to click the button “Claim free bitcoins”; afterwards to the ballance pegged to your wallet, from 1 to 100 satoshi will be credited. The next attempt can be made in 60 minutes.
- After you collect 1000 satoshi, you can withdraw them to your wallet.

We are happy to support this function and do not ask anything in return!
Visit BestChange