Are my Coins Safe on Exchanges without KYC verification?

[kipara 0]

There have exchanges that's not recommended user to verify KYC, but there have some exchange that's are recommend users to verify KYC suddenly while people are owning balance in the exchange. So I want to know it is safe for the exchange to be asking for KYC verification so suddenly while people have balances and also they don't have any identity?.

[Whited35 15285]

If you are talking about this Yobit exchange which does not need KYC verification but still one of the best exchange platform in this world.All exchange sites which does not need KYC verification can not be fake at all but there are scam exchange too, be safe !

[tienda 8776]

I think your coins on any website exchange with or without KYC they have the same condition, you think in such website exchange where they exigent KYC if they hack their website exchange you will be covered by them? No nothing of that.

[Raqeebzy 6456]

I know a number of sites or online wallets that doesn't use KYC verification and you can still trust your savings with them 100%. And on the other hand, I know someone that has kept his bitcoin online in a wallet that uses KYC and got scammed. 

[Zaino34 0]

There are a few sites that require this feature for security compared to other sites and in the sites that I work on did not require this verification and despite this it is safe for me

[rekter 8129]

2 hours ago, kipara said:

There have exchanges that's not recommended user to verify KYC, but there have some exchange that's are recommend users to verify KYC suddenly while people are owning balance in the exchange. So I want to know it is safe for the exchange to be asking for KYC verification so suddenly while people have balances and also they don't have any identity?.

Different regions have different regulations when it comes to KYC, and because those rules can change quickly, you need to assume that you will need to prove it in the future and act accordingly.

[magd 5231]

KYC verification is not necessary in order to be safe because many fraudulent sites require KYC verification and its purpose is to steal personal information and leak it to unknown destinations within the fraudulent sites, so it remains always the choice of the trusted site more important than the final verification

[malik6314193 5449]

I think both are good to save tge balance. Exchanges without kyc are also working and having too much market cap. Its show that theirs usere balance are safe. 

[Syedbesharat 5423]

9 hours ago, kipara said:

There have exchanges that's not recommended user to verify KYC, but there have some exchange that's are recommend users to verify KYC suddenly while people are owning balance in the exchange. So I want to know it is safe for the exchange to be asking for KYC verification so suddenly while people have balances and also they don't have any identity?.

You coins are safe their but their is complication can be come when you do big transaction.Alwaya do KYC for better transactions  because when you needed the exchange will limited your account.

[ComeBackIsrael 185]

Yes, of course, even if you pass the KYC check on exchanges, you will simply be identified on the exchange, but your coins will still be stored the same as those of people who did not pass it.

[Zues 1069]

16 hours ago, kipara said:

There have exchanges that's not recommended user to verify KYC, but there have some exchange that's are recommend users to verify KYC suddenly while people are owning balance in the exchange. So I want to know it is safe for the exchange to be asking for KYC verification so suddenly while people have balances and also they don't have any identity?.

I think that those exchange platforms doesnt hove kyc verification but they are still safe and secure. Just beware of scammers and stay on alert to avoid being scammed by them. 

[aqua 773]

16 hours ago, kipara said:

There have exchanges that's not recommended user to verify KYC, but there have some exchange that's are recommend users to verify KYC suddenly while people are owning balance in the exchange. So I want to know it is safe for the exchange to be asking for KYC verification so suddenly while people have balances and also they don't have any identity?.

If you save your coins at Yobit exchanges, and you activate all protection that the Yobit support system advises to you, your coin will be safe. And if something bad happens, you will know that someone is trying to break your account and try to steal your coins because there will be a warning in your email that will say about the breaking of your account. You can choose the exchange which needs KYC if you don't mind to send your private document to them, but you need to be careful because not all exchange can safe your document. As long as you can register on the reputable and recommend exchanges, I think you don't have to worry at all.

[gkapoxm 84]

Which exchange? If its yobit, its safe to keep them there. But if its a random one it may not be and you may be scammed.

[Zues 1069]

10 minutes ago, aqua said:

If you save your coins at Yobit exchanges, and you activate all protection that the Yobit support system advises to you, your coin will be safe. And if something bad happens, you will know that someone is trying to break your account and try to steal your coins because there will be a warning in your email that will say about the breaking of your account. You can choose the exchange which needs KYC if you don't mind to send your private document to them, but you need to be careful because not all exchange can safe your document. As long as you can register on the reputable and recommend exchanges, I think you don't have to worry at all.

I think that it is save with or without kyc verification because some exchange is secured even though they dont have verification. Just beware of scammers because they are everywhere.

[Mohssine 1725]

Yes in yobit is really safe , because before login, the send you a code in email to be sure than you are the person how’s want to login, im in yobit for a long time but i never face any problem, but the other platform, i don’t know because i don’t try them.

[George10 9932]

19 hours ago, kipara said:

There have exchanges that's not recommended user to verify KYC, but there have some exchange that's are recommend users to verify KYC suddenly while people are owning balance in the exchange. So I want to know it is safe for the exchange to be asking for KYC verification so suddenly while people have balances and also they don't have any identity?.

We shouldn't relax that much and store more of our coins in any exchanges without KYC verifications because they can change the regulations at any time and you might get locked for example if they say no withdraw until when you complete identity verification and the problem is that most of the documents requested for this process are not owned by everyone,for example its not everyone who has a passport or driving license therefore, we should be careful.

[bliznec 22268]

Yes, your coins are safe, even if you have not confirmed KYC. But I do not recommend storing a large amount of money and cryptocurrencies on exchange exchanges. It’s best to transfer to wallets. 

[Zezo 306]

The platform does not request verification of kyc from you unless there are problems with your account and this is safer for you if you can activate kyc

[CryptoMaxim 2372]

I don't know for sure. But I have heard that if the exchange is hacked the account is easier to prove and accordingly claim their assets where the KYC was passed.

[Brand1 1336]

I think it is safe, but it is better to check the KYC and at the same time we have to choose reliable exchanges and platforms so that our personal information is not stolen and used for illegal things and things.

[Jimmy26 987]

In yobit wallet there is no kyc process also you don't have to worry about your coins it is in the safe place but many other wallets are their they are taking kyc because of scam process to overcome this things they're introducing kyc process now every people first do these things then only they are eligible to go for other works in the wallet this is occurring because of frauds and scammersnow everyone should go through this thing then only and it is the best way to to help every person because it's not possible to work em the scan process but after giving this updates people's now can work in the wallet safety just back to become serious and take things seriously then definitely they can save themselves.

[BTC Future 3946]

You have the same safety with KYC or not, if you hold the coins at an exchange. Although there are a few exchanges that are really shady and not recommended to sent any amount of funds. KYC is not something to consider making an exchange more secure and legit though.

[Syed Al Mamun 876]

Actually it's a hot discussable issue of the world I mean KYC . Plenty of ideas are available here about KYC. Some people are saying that it's good for us on the other hand some people are not agree with this. So I am in dielama which is right.

[Rezort 846]

To my mind, usually exchanges with KYC verification just have much bigger volumes of trading and that's why they ask users to clear out their intentions.

[Kamila 291]

Yes, of course, if you pass verification, the exchange will not make your account more secure, your account will be protected in the same way as without verification. Exchange for all users doing a good protecting the accounts.