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Author: Admin | 2025-04-28
Is a decentralized exchange built on the Binance Smart Chain (BSC). The BSC is EVM-compatible — meaning that it’s easy to port over assets from the Ethereum blockchain! The BSC is well-known for offering lower gas fees than other blockchains. All you need to get started is a Trust Wallet or another BSC-based wallet! dYdX dYdX is a decentralized exchange founded in 2017 by Antonio Juliano. dYdX allows users to trade cryptocurrencies like ETH and DAI using leverage. Like other decentralized exchanges, dYdX does not require KYC. Are crypto mixers legal in the US?Tornado Cash — a service that mixed ‘identifiable’ cryptocurrency with cryptocurrency that couldn’t be identified — was banned by the United States in 2022. In recent years, the US government has targeted crypto mixer services over money laundering concerns.Why might someone avoid KYC in crypto? Crypto investors seek out non-KYC exchanges for several reasons. Right to privacy: The right to privacy and the importance of anonymity have long been central tenets of the cryptocurrency ecosystem. Access to more cryptocurrencies: Non-KYC exchanges often have access to newer cryptocurrencies that are not yet available on regulated exchanges. Don’t want to wait for validation: Validating your identity can take time. Non-KYC exchanges often can offer investors instant access to trades. Are non-KYC exchanges safe? In general, non-KYC exchanges are not as safe as their regulated peers. Non-KYC exchanges often don’t operate with the same consumer protections as their regulated counterparts. In the case of an exchange bankruptcy or shutdown, you may lose access to your funds permanently. Will the government crack down on non-KYC exchanges? It’s possible that some of the non-KYC exchanges listed below may change their policies in the future. In 2021, Binance started requiring KYC for all new users after years of pressure from regulators. In the
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