Are you interested in instant trading and buying altcoins without getting into the hassle of answering questions and uploading ID’s and tax documents?
Tired of going through the KYC (Know Your Customer) compliance process over and over again on crypto exchanges?
Easy user experience and instant is key online and in the cryptocurrency space.
Numex Exchange is launching their own instant trading solution and it could be the right exchange for you.
Numex is a cryptocurrency exchange that allow you to achieve instant trading without going through the KYC process of uploading Passports & other documentation. Numex Exchange seems to pride themselves on customers privacy. Not only this, there are no withdrawal or deposit limits from buying/selling/trading altcoins.
Many smaller exchanges “DEX’s” have acquired KYC for its users.
in reality “DEX” is a salespitch because all the exchanges are controlled by a team/company and have control of all the funds trading on it.
KYC “Know your customer” means you lose your privacy
When you create an account on a custodial exchange with KYC you are giving that company and maybe its government (depending which country) and anyone who can access that KYC data (hackers), the power to know that you have crypto assets, and possible become an online target.
Numex Exchange does not and will never collect any data that could identify their users.
The worlds largest exchange by daily volume does not require KYC
Bitmex.com doesn’t require a verification and also has no withrawal or trading limits for unverified accounts. You can also use leverage / margin trading and you can choose from a big variety of possible trading opportunities if you know what you are doing.
Over time, Bitmex developed to one of the biggest exchanges worldwide with the highest trading volume. To many traders, Bitmex is the exchange of choice due to their high volume and unbreached security systems. Their company is incorporated in Seychelles, Victoria and US Traders are not allowed.
Numex exchange is rapidly gaining traction with instant trading
Since beta launch in February, Numex exchange has processed over $3 million in trades. It has listed many altcoins, and registered over 2,000 users from over 21 countries.
This clearly shows a growing appetite for an exchange that minimises the hassle of registering and trading on a cryptocurrency exchange.
Over the next 5 years they are projecting to have billions in daily volume, earning millions in trading fees every day. They also expect to have over 1 million active users. This will result in over $200 million being paid out in dividends to owners of the Numex coin (NMX).
Owners of NMX will receive dividends of 75% of all trading fees generated on the exchange. These will be paid out in bitcoin every quarter.
Non- KYC exchanges and instant trading are part of the mainstream
Not requiring KYC and the advantages of instant trading will become more mainstream this year.
And Numex Exchange is following that strategy.
In addition the most successful exchanges such as Bitmex do not require KYC. Many of the newcomers to cryptocurrency trading do not meet many of the most stringent KYC requirements.
Having KYC goes against the basic tenant of decentralized cryptocurrencies which is why we are witnessing the unprecedented development of decentralized infrastructure which is putting privacy at the forefront.
What do you think of Altcoin and cryptocurrency services that don’t require AML & KYC? Share your views with us in the comment section below.