Guide to Buying Crypto Without KYC Verification - Top 10 Platforms Included

Interested in buying or selling crypto without KYC verification? The list of secure and creditable non-KYC exchanges gets narrower and narrower with every new year. What worked last year may no longer be a viable option today, as you might be asked for identification and other documents.

All because of governmental agencies, tax offices, new laws and regulations. All these things slowly crackdown on private crypto exchanges, pushing them to seek personal information from their customers and complying with all kinds of requirements.

But despite all these, there are investors and traders out there who stick to crypto for its anonymity before anything else.

That’s why we’ve gathered together the best crypto exchanges with no KYC requirements in the world. Some of them have no KYC at all, others have such rules after particular limits.

With these thoughts in mind, here's everything you need to know about buying, selling, or trading cryptocurrencies without being asked for every document you can think of.

Understanding KYC in Crypto Purchases​

KYC in crypto is similar to KYC in banking. The exchange must collect some sort of information to make sure the customer is who they say they are. Officially, such procedures are in place to understand financial risks and possible activities.

While the process is normally quick and barely takes a few days, it’s considered a breach in the primary reason wherefore cryptocurrencies are so popular today. Privacy.

Some crypto exchanges relying on KYC rules collect data like the full name, date of birth, full address, proof of address, and personal identification numbers, which include info about income, work, taxes, and others.

There are specific KYC requirements for each country out there, some stricter than others.

Why is KYC Essential in Crypto Exchanges?​

In theory, these procedures are in place to prevent financial crimes or money laundering. While they’re useful against those involved in crime, they also affect people who are simply trying to diversify their assets or make some money.

By making sure only verified users can join, KYC helps make the platform more secure and protects against possible dangers. KYC also shows users that the exchange is careful and trustworthy.

Taking all this info in consideration, it’s also seen as a privacy breach. There are older systems in place that are less strict than KYC.

Take the UK for example, where you can register as a self-employed individual and declare the income yourself without any solid checks. But when it comes to crypto, the government wants to know every transaction you make, rather than trust you.

The privacy and data breach isn’t the only issue with KYC.

Cryptocurrencies weren’t all about privacy, but also about decentralization operating principles. When centralized entities control all this data, the classic operating principles are no longer in place.

Top 10 Crypto Exchanges Without KYC​

Popular crypto exchanges like Bitget or KuCoin (among many others) are now history in terms of KYC, since they’ve implemented mandatory verifications recently. Here are a few others that are still decentralized and won’t bother you too much with random documentation requests.

CoinEx​

CoinEx deals with over 600 investment tools, including cryptocurrencies. It offers various promotions and rewards, as well as low fees.

Fees depend on the VIP level and normally vary between 0.1% and 0.2% for spot fees.

Deposits are simple and straightforward. There are no maximum limits, but minimum limits, depending on the crypto. For example, you’ll need 0.001 BTC or 2.4 USDT. Deposits are free. Withdrawals come with fees, but they’re just as low. For BTC, for instance, the withdrawal fee is 0.0001 BTC.

CoinEx stands out with its unique trade matching system, which adds to the overall experience. Believe it or not, it normally takes up to 10,000 transactions per second.

Operates in North America, Europe and Australasia

No new customers have been accepted from the USA

Hundreds of coins

Numerous payment options

Pros

• Super low fees
• Spot, margin, and futures trading
• Mobile app

Cons

• May seem too sophisticated for newbies

dYdX​

dYdX offers access to over 120 cryptocurrencies. It’s mainly aimed at those with a bit of experience, offering advanced investment options in countries where they’re normally banned.

Given its non-custodial profile, dYdX has no KYC, but it’s restricted to users from the USA or Canada. Fees vary from one tier to another and normally range between 0% and 0.02%.

Deposits can be made through more cryptos, while withdrawals are either slow or fast, depending on your choice. Fast withdrawals are almost instant but come with higher fees.

dydX is a primary choice for seasoned traders, with up to 25x leverage for futures contracts. The whole operation is transparent and secure, making the platform look like a mix between centralized and decentralized exchanges.

Advanced derivatives trading

Connection to a non-custodial wallet

Over 120 cryptocurrencies

Multiple trading options

Pros

• Low fees for most users
• Lending opportunities for interest gains
• Reduced transaction costs
• ZK roll-ups

Cons

• Limitations for margin trading pairs

PrimeXBT​

PrimeXBT offers different types of trading for a few digital assets, with the main cryptos leading the game. Offering an intuitive interface and advanced tools, it’s a popular choice for both newbies and seasoned traders.

PrimeXBT doesn’t have any trading fees, so most people can trade for free. Spreads start from 0.1%, while many overnight swap fees are as low as 0%.

You can deposit crypto through your PrimeXBT wallet from an external wallet for free. As for withdrawals, you can only withdraw cryptos, no fiat currencies. A small mining fee will apply, but that’s insignificant.

Cypro margin trading is one of the elements making PrimeXBT stand out. It’s established in Seychelles, but has offices in a few other countries. It serves customers in over 150 countries.

Access to leveraged trading

Relies on CFD trading, not spot trading

Superior trading platform

Crypto futures

Pros

• More asset classes
• Easy to use interface
• Advanced features
• Massive daily trading volume

Cons

• Less cryptocurrencies than other exchanges

Bisq​

Established in 2014 and originally known as Bitsquare, Bisq is a decentralized exchange that helps users interact and eases transactions. Unlike other exchanges, it mainly revolves around BTC.

In terms of fees, the BTC trading fee is set at 1.3%, with the taker paying most of it, 1.15%. The minimum fee is 0.00005 BTC.

You can make a deposit in over 20 different ways, including Advanced Cash, Alipay, MoneyGram, Revolut, bank transfers, and others, each with its own maximum limits. Funds can be withdrawn to a Bisq wallet or an external one.

While transactions are allowed in numerous currencies, Bitcoin must be used along each transaction, in any quantity. Furthermore, the exchange is known for easing the peer to peer connection between customers.

Fully open source build

Non-custodial profile

Escrow transactions

Decentralized arbitration system for disputes

Pros

• Supports fiat and cryptocurrencies
• Decentralized system
• Easy to start
• Solid security measures

Cons

• All transactions requite Bitcoin along them

HODL HODL​

HODL HODL doesn’t hold people’s funds, meaning there’s no need for KYC. Funds traded are handled through an escrow service.

Fees vary, but they’re quite low. For example, trading fees for users are set at 0.5%. Users coming through referrals benefit from 0.45% trading fees.

There are nearly 400 payment options, but as you search for what you’re after, it may not be available in your country. So, options will be given based on the location. Fees are as low as 0.3%. Withdrawals are free.

HODL HODL is special because it has its own wallet, avoids token pumping and other similar activities, but also has a reputation for anonymity and security. It does require an email address though, but that’s an insignificant minus.

Simple interface

Supports Bitcoin exchange against fiat currencies

Multisig escrow contracts

Hundreds of payment options

Pros

• Great fees
• Self-custodial wallet
• No security deposits for buyers
• Peer to peer

Cons

• Orders and information aren’t E2EE

PancakeSwap​

Established in 2020, PancakeSwap has quickly become a top option in the decentralized exchange market, allowing everyone to list tokens if they have a liquidity pool in place.

There are minor maker or taker fees on PancakeSwap, 0.09% altogether, while the liquidity fee is set at 0.25%. Only 0.03% is taken by PancakeSwap, the rest goes to liquidity pools and CAKE buyback and burn processes.

PancakeSwap offers access to dozens of cryptos. USDT, APX, BUSD and CAKE are accepted for deposits, but you can also purchase crypto by card or bank transfers. Withdrawal fees may apply based on the time of your requests.

Other features worth some consideration include token swaps, an NFT marketplace, perpetual trading, lottery opportunities and staking, among many others.

Allows market maker integration

Active liquidity farming

More rewards and discounts for CAKE

High security standards

Pros

• Easy to use interface
• Full private key control
• Staking allowed
• Low fees

Cons

• Limited to Binance Smart Chain

SimpleSwap​

With around 1,500 currencies (both fiat and crypto) on offer, SimpleSwap allows quick and easy transactions without even having to register an account. Therefore, there’s no need for KYC.

SimpleSwap is more appealing than other exchanges because of its simple interface. Set the crypto you’re interested in, how you want to buy it, put in the right addresses and you’re good to go.

Fees are calculated for each transaction individually. The system is not too transparent, but you'll know exactly what the fees are before completing the contract. Fiat deposits are charged less than 5%, though.

You can make deposits and buy crypto with cards, bank transfers, Apple or Google pay, but you can also use your own digital wallet with other cryptos.

About 1,500 cryptocurrencies to trade

Anonymous trading

Can use it with or without an account

Instant swaps

Pros

• No registration required
• Good customer support
• Fixed and floating rates
• Can buy crypto with fiat

Cons

• No advanced trading tools

Changelly​

Changelly is normally an exchange that doesn’t require KYC. However, if a transaction is flagged as suspicious, the administration may ask for more details, which are similar to the KYC verification.

To use Changelly, you only require a non-custodial wallet. KYC could be required if you use Changelly to link or connect to another platform though.

Exchange rates can be fixed or floating. Fees for deposits are charged based on the method. They’re displayed once you pick a method. Exchange fees are included in the chosen rate. Changelly’s network fee is 0.25%.

Changelly allows payment options like most credit and debit cards, wire transfers, and Apple Pay, among others.

Has a mobile application

Professional tools may require KYC, but basic tools don’t

Partners up with around 20 different platforms for good rates

Works well with most non-custodial wallets

Pros

• 24/7 customer support
• No account is required for basic tools
• Easy to use and entertaining mobile app
• Cypro profit calculator

Cons

• KYC could be required if something looks suspicious

TradeOgre​

TradeOgre lists around 150 cryptocurrencies, as well as a few stablecoins. It was established in 2008 and has a strong focus on privacy and anonymity.

TrageOgre is one of the few exchanges out there that won't impose restrictions on customers in the USA. In fact, the company is headquartered in Los Angeles, but it also has offices in New York City.

For trading, TradeOgre charges 0.2%. Fees also apply for withdrawals, but they’re calculated on the spot based on the crypto and amount.

As for payment deposits, you’ll find it difficult to buy crypto with your card or by bank transfer. At the moment, TradeOgre doesn’t accept fiat currencies.

Accepts customers in the USA

Cryptocurrencies and stablecoins

Suitable for new and advanced crypto users

Doesn’t accept fiat currencies

Pros

• Access to altcoins
• Straightforward interface
• Good security methods
• Easy to use

Cons

• Customer support is limited

OpenPeer​

The decentralized exchange is built like a platform to allow P2P transactions between users. There are no intermediaries whatsoever, so users are in full control of their money.

OpenPeer relies on a smart contra-based escrow, enhancing the users' control over their finances. It offers promotions and rewards as well, mainly to add to its popularity. After all, compared to other exchanges, it's considered relatively new.

P2P fees are set at 0.3%, pretty average for this category. It supports both fiat and cryptocurrencies for payment options.

In terms of KYC, such requirements don’t exist, yet they depend on the country. In some countries, you may have to complete KYC verifications no matter what exchange you use.

Allows trading from self-custody wallets

Works well for traders in emerging markets

Supports numerous payment options

Suitable for P2P trades of any size

Pros

• Low fees
• Allows earning rewards
• Accepts fiat currencies
• Dapps and games

Cons

• Restrictions for the USA and a few other countries

Selecting the Best Crypto Platform Without KYC​

There are a few general things to pay attention to when choosing a crypto exchange with no KYC.

• Security and regulation, like cold storage wallets or encryption protocols.
• Reputation, which can only be determined through reviews.
• Supported assets only to ensure they match your needs.
• Liquidity refers to the possibility of exchanging crypto without affecting its price too much.
• Fees, so you know what you pay upfront.
• Interface, to ensure you can use it without making mistakes.
• Customer service, in case you’re in need.

Double check upfront to ensure you use a crypto exchange without KYC if you’re mainly focused on privacy and anonymity.

Popular Cryptocurrencies That Don't Require KYC​

Different exchanges have different cryptos, fiat currencies, or pairs you can rely on. Bitcoin is still the most popular crypto out there, followed closely by Ethereum. However, the list is longer:

• Tether
• BNB
• Solana
• USD Coin
• XRP
• Dogecoin
• Toncoin
• Cardano
• Shiba Inu
• Avalanche

Risks of Buying Crypto Without KYC​

Privacy, quick access and security are the main reasons wherefore people prefer to buy crypto from exchanges with no KYC requirements. However, there are also a few risks here and there.

The good news is these risks are less likely to affect the consumer. Most exchanges use an escrow service or use P2P transactions, simple as that.

Risks are more likely to affect actual exchanges, the industry or perhaps the dark industry, meaning anonymous people could use crypto to fuel crime activities, which you’re less likely to control as a user anyway.

Other than that, there are a few things worth some consideration:

• Non-KYC exchanges aren’t regulated.
• Liquidity is usually lower.
• There are possible risks like falling for scams if you’re not careful.

Buying Bitcoin in a P2P Crypto Exchange Without KYC​

Bitcoin is the first and most popular cryptocurrency out there, so pretty much every exchange out there implements it, meaning you can buy, sell or trade it on any of the above mentioned platforms.

In fact, Bisq actually revolves around Bitcoin, being the only P2P crypto exchange with no KYC in the list that requires Bitcoin for each transaction.

Given the fact that there’s no KYC, the platform ensures a high level of privacy, while users have full control over their finances.

Buying Crypto with Credit Card​

Many exchanges allow buying crypto with credit cards, as well as debit cards. The process is similar to shopping online. You'll need the number, expiry date and verification code at the back. Such details must be entered on the checkout page. If that's your preferred option, make sure the exchange allows it.

When using a crypto debit card with no KYC service, anonymity is slightly affected. While the exchange may not require KYC verification, the truth is you’ve already done it for your debit card. Therefore, anonymity is reduced.

Tips for Bypassing KYC Regulations​

Bypassing KYC regulations goes in more directions, legal or illicit.

Crypto Exchanges Without ID Verification, the Legal Way​

Using crypto exchanges without ID verification is the way to go. They offer non-custodial services, so they don't need to verify you. It's a legal way to buy or sell crypto without worrying that your account could be locked for breaking the rules.

Going Down the Illicit Way​

In the attempt to bypass verifications on more reputable exchanges, people often rely on innovative solutions like fake IDs, fake biometrics (such as AI generated content) or VPNs. VPNs are legal, but not when used with illicit purposes.

None of these is worth the risk of getting your account locked when you can bypass KYC verifications the legal way.

Legalities and Safety of Non-KYC Exchanges​

Non-KYC exchanges are legal but not regulated. This means no one knows who's trading on them. If you're naive enough, you could fall for a scam, hence the necessity of being cautious.

Centralized exchanges are in full control of your money, so you could get your funds blocked out of nowhere. That’s why a decentralized exchange is usually a better option.

Given the low liquidity in trading, market volatility is higher, and prices can be manipulated more effectively.

In theory, non-KYC exchanges are perfectly legal, but you have to be more careful because they come with more risks than regulated exchanges. That’s the price you have to pay for anonymity.

Ensuring Privacy When Buying Crypto Without KYC​

Despite the concept behind cryptocurrencies, Bitcoin isn’t 100% anonymous, but there are things you can do to enhance its privacy.

• Buy Bitcoin with cash from Bitcoin ATMs, if any, in your area or from friends.
• Non-KYC exchanges are anonymous, but you shouldn’t use cards or bank transfers, which are linked to you, ruining the whole concept.
• Browsers like Tor ensure a higher degree of anonymity, yet a VPN could be just as handy.
• Utilize P2P exchanges like Bisq that facilitate direct transactions between buyers and sellers without the need for KYC verification.
• Use coin mixing services like CoinJoin or Wasabi Wallet to mix your cryptocurrency with that of others.

Bottom line, anonymity is inconvenient and convenience isn’t anonymous. You’ll need to determine how far you want to sacrifice in order to enhance anonymity.

Some people use non-KYC exchanges to bypass unnecessary restrictions. Some others do it for their own peace of mind. No matter why you need it, there are steps you can take to get there, and a non-KYC exchange is one of them.

 

[jafo]

Does anyone know what happens if I have 100K USDT and pay a third party 50K of it, and then my remaining 50K gets frozen? Would the third party's wallet also be frozen?

If LE requests it, it will be frozen! 100%! Here is their history: Tether (cryptocurrency) - Wikipedia

PS. My personal experience and those of my buyers and suppliers: If law enforcement does NOT know about your address, Tether will NOT touch your funds. Obviously, if Stinky Steve sells CP to an undercover cop on the darkweb and then uses it to buy our services or our products and we mix those funds with our 7 or 8 digits funds... that BIG wallet is a HUGE target for Law Enforcment.

 

[5K1PP3R]

I wonder why people don't switch to USDD?

Founder of TRON, H.E. Justin Sun, announced the launch of USDD, a decentralized USD stablecoin in an open letter on Twitter on April 21, 2022. In the open letter, USDD is described as bringing about Era 3.0 of stablecoins which is characterized by complete decentralization and the end of reliance on centralized institutions to ensure price stability.

 

[jafo]

I wonder why people don't switch to USDD?

Great point! I do, but it's my suppliers and my buyers who set the pace. This is where theory and reality split.

I am faced daily where my client, e.g., in Argentina, wants to pay with (e.g.) XNO for floating footballs for kids to practice ball control indoors.

The Chinese manufacturer in Qingdao, which has the best prices, only accepts USDT.

Now, the journey begins from XNO to USDT. The Chinese usually (+99%) of the time have their USDT wallets on an exchange, so they can immediately convert to ¥.

For example, if the invoice of the manufacturer in China is ¥3M and I get paid ¥3.3M in XNO, I have to find a way to convert only ¥3M of XNOs to ¥3M in USDT. The rest stays in XNO. Depending on the sale of "Bitcoin," I'll just build the XNO stash or swap it for Bitcoin.

PS. If I cause friction by calling either one an idiot or trying to teach them, I will lose both 100%! They'll ghost me. Besides, I earn my money by trading tangible products, not teaching or selling how-to courses.

 

[5K1PP3R]

The Chinese manufacturer in Qingdao, which has the best prices, only accepts USDT.

I guess freezing wallets is not a major issue then.

 

[jafo]

I guess freezing wallets is not a major issue then.

Au contraire mon frère...If a nasty Confidential Informant wanted to earn rewards of up to 30% of a seized account, he could simply have one of his criminal buddies of the underworld send 100 USDT to a wallet with US$10M (the blockchain is visible) and alert his handler (DEA, ATF, FBI, etc)

There goes our profits because we wouldn't even be expecting it. That's the REAL danger!

Source: FBI And Other Agencies Paid Informants $548 Million In Recent Years With Many Committing Authorized Crimes

 

[lory]

dYdX offers access to over 120 cryptocurrencies. It’s mainly aimed at those with a bit of experience, offering advanced investment options in countries where they’re normally banned.

someone tried them and stayed anonymous ?

 

[5K1PP3R]

Tether freezes 29.62 million USDT of a government-affiliated Cambodian conglomerate

Many people think Tether dollars are as censorship-resistant as Bitcoins. The Cambodian Huione Group had to learn the hard way that this is not the case. And that’s a good thing. Because it&#…

bitcoinblog.de

 

[jafo]

Tether freezes 29.62 million USDT of a government-affiliated Cambodian conglomerate

Many people think Tether dollars are as censorship-resistant as Bitcoins. The Cambodian Huione Group had to learn the hard way that this is not the case. And that’s a good thing. Because it&#…

bitcoinblog.de

@5K1PP3R , you are a ROCKSTAR, my friend! Thank you for sharing!

Whether these allegations are true or not, one thing is for sure....

(1) Transferring money outside the banking sector (Wall Street et al.) is a "Mala Prohibita" crime, whether it is enumerated or not. Banksters do not give AF! They have their henchmen to enforce, aka prosecutors/judges/police, and basically all the gang members under the ruse of "government."

(2) Only Multinationals with institutional investors are allowed to "enslave" whoever they want with IMPUNITY, and the worst that will be written about them in the media is that they are "exploitng workers!" Others will be labeled human traffickers and slave masters and given life sentences! Source: June 11, 2024 - LVMH’s Italian Dior maker is being investigated for outsourcing its luxury manufacturing to Chinese-owned firms that allegedly exploit workers

---------------------------
As far as the freezing is concerned, I mentioned here Going from model citizen to Money Launderer by one transaction unbeknownst to us. how things can go from bad to Hell with a (sizeable) USDT wallet/address!
Shoutout to @JohnnyDoe @wellington @JackAlabama, @mraleph , @0xDEADBEEF, and many others who kept browbeating me about this a year or two ago! I would have seriously fallen for this BS by letting my USDT wallet accumulate too many digits!

I hope you all take precautions! There is NOTHING more self-destructive to one's health than allowing the useless and unproductive parasites to win!

 

[bountymounty]

What's your frequency? Once per week, month, quarterly?

What are the amounts? <1K, >1K, >10K, <100K etc?

You may be able to help develop an "SOP" for the other OCT members on how to stay under their KYC radar.

I exchange roughly once a months about 10 and up to 60K euro at a time - never showed anything. Wallet is exodus and goes back to another exodus wallet in another place exchange from BTC, ETH, USDT to XMR then after
XMR to USDT

 

[redeye]

I wonder why people don't switch to USDD?

Which exchange support USDD ?

 

[JackAlabama]

Which exchange support USDD ?

you can check the market section on coingecko for usdd. (like for any crypto, it shows a few basic info like exchange, vol and wallets to be used).
I don't know about this one, but it seems sus and just another shatcoin. Especially the so called stablecoins need extra scrutiny.

Theres also Ethena usd, an interest bearing syntethic stablecoin (long eth/short eth futures). But seems also sus.

@5K1PP3R , you are a ROCKSTAR, my friend! Thank you for sharing!

View attachment 7426

Whether these allegations are true or not, one thing is for sure....

(1) Transferring money outside the banking sector (Wall Street et al.) is a "Mala Prohibita" crime, whether it is enumerated or not. Banksters do not give AF! They have their henchmen to enforce, aka prosecutors/judges/police, and basically all the gang members under the ruse of "government."

(2) Only Multinationals with institutional investors are allowed to "enslave" whoever they want with IMPUNITY, and the worst that will be written about them in the media is that they are "exploitng workers!" Others will be labeled human traffickers and slave masters and given life sentences! Source: June 11, 2024 - LVMH’s Italian Dior maker is being investigated for outsourcing its luxury manufacturing to Chinese-owned firms that allegedly exploit workers

---------------------------
As far as the freezing is concerned, I mentioned here Going from model citizen to Money Launderer by one transaction unbeknownst to us. how things can go from bad to Hell with a (sizeable) USDT wallet/address!
Shoutout to @JohnnyDoe @wellington @JackAlabama, @mraleph , @0xDEADBEEF, and many others who kept browbeating me about this a year or two ago! I would have seriously fallen for this BS by letting my USDT wallet accumulate too many digits!

I hope you all take precautions! There is NOTHING more self-destructive to one's health than allowing the useless and unproductive parasites to win!

Theory: there are signs usdt is being used as some form of cbdc.

 

[5K1PP3R]

Asked ChatGPT to compare deceased UST and USDD

TerraUSD (UST) and Luna​

Story:

• Introduction: TerraUSD (UST) was an algorithmic stablecoin created by Terraform Labs, designed to maintain a 1:1 peg to the US dollar using Luna as its balancing asset.
• Mechanism: Users could mint UST by burning Luna and vice versa, theoretically keeping UST stable.
• Collapse: In May 2022, a massive sell-off caused UST to lose its peg, leading to a panic and a hyperinflationary spiral where more Luna was minted to stabilize UST, but this failed and both coins collapsed in value.
• Impact: Investors lost significant amounts of money, leading to regulatory scrutiny and loss of confidence in algorithmic stablecoins.

Tron (TRX) and USDD​

Story:

• Introduction: Tron, founded by Justin Sun, is a blockchain platform with its cryptocurrency TRX and stablecoin USDD.
• Mechanism: Unlike Terra, USDD is backed by multiple cryptocurrencies (TRX, BTC, USDT) and uses a decentralized mechanism to maintain its peg.
• Governance: Tron uses Delegated Proof of Stake (DPoS), where super representatives (elected by TRX holders) manage network decisions, including any changes to monetary policy.
• Flexibility: Tron can issue new TRX through staking rewards, incentives, and community decisions, but this requires a formal proposal and voting by super representatives.

Differences​

1. Stability Mechanism:
   • TerraUSD: Purely algorithmic, relied on minting and burning between UST and Luna.
   • USDD: Backed by a reserve of multiple cryptocurrencies, more diversified and less prone to the same type of failure.
2. Governance:
   • TerraUSD: Centralized control by Terraform Labs.
   • USDD: Decentralized governance through super representatives and community voting.
3. Response to Crises:
   • TerraUSD: Failed to maintain its peg during a crisis due to its purely algorithmic approach.
   • USDD: More resilient due to diversified backing and community oversight.

Opinion on USDD and Tron Security and Reliability​

USDD and Tron Security:

• Strengths: The use of diversified reserves (TRX, BTC, USDT) makes USDD potentially more stable and less vulnerable to a single point of failure. Decentralized governance through DPoS adds a layer of security and trust.
• Weaknesses: Any system relying on reserves can face liquidity issues during extreme market conditions. The success of USDD also depends on the active and rational participation of the community and super representatives.

Reliability:

• Strengths: Tron’s transparent and structured governance process, along with the diversified reserve approach, makes it more reliable than a purely algorithmic stablecoin.
• Weaknesses: The system’s reliance on multiple cryptocurrencies can introduce complexity and potential risks if any of the reserve assets face significant volatility or market issues.

In conclusion, USDD and Tron appear to be more secure and reliable than TerraUSD due to their diversified backing and decentralized governance. However, like all crypto projects, they are not without risks, and their long-term success will depend on effective management and community participation.

 

[jafo]

you can check the market section on coingecko for usdd. (like for any crypto, it shows a few basic info like exchange, vol and wallets to be used).
I don't know about this one, but it seems sus and just another shatcoin. Especially the so called stablecoins need extra scrutiny.

Theres also Ethena usd, an interest bearing syntethic stablecoin (long eth/short eth futures). But seems also sus.


Theory: there are signs usdt is being used as some form of cbdc.

#Savage! This is GREAT f*cking info!

PS. I will do exactly the Chinese suppliers....get paid and swap to Bitcoin or XMR instead of ¥ or $. F*ck that!

 

[0xDEADBEEF]

Which exchange support USDD ?

Apparently quite a bunch: USDD | Decentralized Stablecoin Protocol

 

[clemens]

not easy using USDD if you need it for normal business and easy access to your coins / money.

 

[magnolia]

How do I buy crypto using my US bank issued debit card? The bank has no crypto policy. I can do ACH and debit card payments only. I can buy crypto with cash, but I want the convenience of buying crypto using bank cards. And I don't want the bank knowing.

 

[jafo]

not easy using USDD if you need it for normal business and easy access to your coins / money.

I don't understand this. Can you expound on this issue, please?

How do I buy crypto using my US bank issued debit card? The bank has no crypto policy. I can do ACH and debit card payments only. I can buy crypto with cash, but I want the convenience of buying crypto using bank cards. And I don't want the bank knowing.

The best way I know of is cash. Get cash from your bank or someone and go for it.
Or sell things for cash. Use that cash to onramp; otherwise, you will experience "inconveniences."

One of the many examples: How to Buy Bitcoin with Cash – The Complete Guide From 5 Ways to Buy Bitcoin with Cash in 2024 - A Complete Guide

 

[bubbledouble]

They can investigate where the withdraw was to. Say you withdraw from that CEX to some local OTC company that exchange to fiat for you. They'll contact that company and request information and so on especially if its an active police investigation. If you used banks to withdraw potentially they can flag your bank accounts and that can get you in all sorts of issues with current and later on in new accounts opening etc. While recovery of the funds might not be possible it certainly can impact your life should you have used your name everywhere.

If however those funds are sitting in the blockchain still they can flag the address used for withdraw (or whereever the chain leads them to) making it very hard to exchange without raising any red flags.

If they sitting in the blockchain I understand they can. However, when I receive USDT I exchange them right away to FIAT and right after transfer them out to my bank.

If I transfer my USDT to a temporary wallet like Exodus, exchange them for XMR, move them to another temporary wallet, and then to an exchange like Binance, then delete all Exodus data.

Do you still think they can trace my cryptos?

 

[jafo]

If they sitting in the blockchain I understand they can. However, when I receive USDT I exchange them right away to FIAT and right after transfer them out to my bank.

On a KYCed exchange?
If affirmative, then they have your ID.
Of course, you can mitigate this. You need to start with the medical records and "employment records" BEFORE the "catastrophe." So, ensure you have a life vest before the boat capsizes!

If I transfer my USDT to a temporary wallet like Exodus, exchange them for XMR, move them to another temporary wallet, and then to an exchange like Binance, then delete all Exodus data.

Once Jane Doe goes to XMR and the ins and outs don't match, the "thieves" are f*cked! If they match, well, that's circumstantial evidence, but it all depends on how much they want Jane Doe.

Someone has to "want Jane Doe gone." Cops are looking for an easy paycheck, a low-hanging fruit, and NOT chase difficult and life-threatening people. That's why prisons are filled with people who can barely afford to defend themselves.


Imprisoning a powerful, savvy, and wealthy guy who is NOT pissing off anyone and thus has NO enemies is NEVER going to happen. Now, if someone behaves like Andrew Tate, Edward Snowden, Assange, Trump, Hunter Biden, BadVolf, Scott Ritter etc.., yeah.... those guys are so f*cked.

Of course, if Jane Doe's actions are too egregious and flouting the law publicly and having negative publicity for an exchange or bank, some pimpled-faced compliance officer looking to suck up ("emphasis on suck" or worse) for a(n) (undeserved) promotion (without merits) from his/her boss...may then want to close Jane Doe's account and report her, but usually (+99% of the time) nothing happens.

Of course, if there are a lot of complaints about Jane Doe's profile...then "yes," she can expect enemy fire.

I would suggest the following to Jane Doe: "Jane, look at your profile. Can anyone who is trying to rob you or hurt you, essentially an enemy, be able to extrapolate from your profile, whether IRL or digital identity, what you are doing, and if affirmative, can they gather enough to make a case against you, and if also affirmative, can they link your IRL identity to your digital identity?" If the answer is "Yes," follow the recommendation of @JohnnyDoe on how to stay a ghost!

If the answer is "No," then work on getting a good, deep REM sleep. Enjoy life!

PS. This is a "summary" extrapolated from my diary when I "consulted" IT for the law and when IT was called "computer people."

 

[gh0p]

If they sitting in the blockchain I understand they can. However, when I receive USDT I exchange them right away to FIAT and right after transfer them out to my bank.

If I transfer my USDT to a temporary wallet like Exodus, exchange them for XMR, move them to another temporary wallet, and then to an exchange like Binance, then delete all Exodus data.

Do you still think they can trace my cryptos?

You aren't deleting any substantial evidence this way. Everything is still on the blockchain and all of your accounts probably have your ID as jafo pointed out. The only thing you could be doing this way is giving the other party additional ammo in court as in "look what actions were taken to disguise...".