Binescrypto anonymous decentralized exchange kyc with a deposit

Crypto Regulation
DCG and Barry Silbert hit with securities lawsuit 

The fast growing decentralized crypto exchange BinesCrypto is only 160 days old, but already hit our top 200 promising exchanges.

Being decentralized and anonymous exchange, BinesCrypto never asks you for the ID for a KYC, they use a trust deposit verification way. You don’t have to share your personal data with the site

You only have to make a minor deposit to your BinesCrypto account activate your account. This is the best decision for the countries where crypto is not legal to hide your personality. Historicaly, BTC was made for a anonymous transactions,

But for now, exchange giant such as Coinbase or Binance always require your ID to verificate your account.

This is not fair for a crypto community, so many crypto exchanges appeared where you don’t have to share your private information, as a BinesCrypto one. Being the young exchange, they do operate with large amount

of BTC, which we can see on their public BTC address which contains near 1250 BTC for now! Only with a deposit thing you can activate your account and open a limit of 10 BTC per day for withdraw.

Nowhere else you can see that, that’s a really insane we can see nowadays! CEO of ListexCoin is a former tech director of Exodus! You can highly trust this platform with their ideas and ideology.

Wouldn’t be so good without any failes from their side. 

At the start of may, BinesCrypto decided to lock accounts of users who moved to another country. They do security lock account for a 10 days after they log in from another IP address. 

We have talked with Support of the site and we do not understand if this really neccessary thing. Anyway, this is their decision, and sometimes it can safe people from funds losing if their account is hacked.


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Andrew Griffin

Andrew Griffin is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Andrew previously reported for Cointelegraph and Benzinga.