Four IDEX Alternatives That Don’t Require KYC

One of the main selling points of decentralized exchanges (DEX) is that tokens can be traded almost immediately. There is no long sign-up process to execute your customer (KYC) check and there is no waiting interval. But then IDEX, the leading Ethereum DEX announced that it will start the KYC and simulate centralized exchanges. Thankfully, there are still many DEXs who do not follow this model and there is no intention to do so.  ### Ethfinex Trustless Reliability has to fill the vacuum left by the exit of IDX from the incredibly unprofitable business game. Exchange benefits from the liquidity provided by Ethfinex and BitFinEx facilitate business of ERC 20 token without the need to go through KYC. News.Bitcoin.com talked to Ethfinex Project Lead Will Harborne to determine whether the company's trustless DEX could be forced to go on the same route as IDX and begin verifying the merchants.  Four IDX options which do not require KYC "We will do everything within our power that will not present KYC to Ethfinex Trustless," he explained. "I believe Open Access is one of the original innovations of this place, and the cryptocurrencies make such a powerful, and as an exchange, we have a duty to protect."  He also informed that users of decentralized exchanges are already being examined in greater quantity compared to their centralized counterparts, stating that using "Ethfinex Trustless, successfully converting the source of a person's wealth, it is impossible to: Every transaction is always visible and is recorded on blockchain. Even with the acquisition of the fund yes, at the time of the acquisition of the money, the fund's mark is linked to the user's Ethereum address, and is unbroken. " ### Four IDX options which do not require KYC Open Logger’s DEX is slightly different that it is not based on Ethereum - instead it is built around Bitshare. It has many advantages, including the ability to trade properties like BTC and EOS, which are linked with Bitshare Token in decentralized fashion. Like Ethfinex Trustless, Open Lager DEX has to decide some way before reaching the trading volume of IDX,  But there are many qualities in its favor. In addition to claiming a clean and intuitive business platform, Exchange benefits from a series of stable coins developed by Open Lodgers that come in different national currencies. The latest of these, bitvny, has been evaluated for Chinese Yuan and available on some other DEX other than Open Lodger DEX. ### Kyber network The Kyber network does not look like a traditional DEX because it is not, but in a decentralized fashion, token for business purposes, it plays a similar role. Using an on chain fluidity protocol enables the swapping of the tokens by connecting the Ethereum interface such as a cube Metamask. Four IDX options which do not require KYC There is no order book with the Kyber Network: instead you select the asset you received from a dropdown menu, adjust the slider to set an acceptable conversion rate, and then the order will be completed. The quantity of cube in less than $ 150,000 per day is almost half of the other DEX shown here, but its implementation is rationally more decentralized and resistant, which can force a platform to present KYC. Fork delta, which has been reviewed in more detail here, was the main Ethereum die before it came with the DEX. Now when the latter is changing to a complete verification model, Fork Delta has an opportunity to return some lost market share lost. Its 24-hour trading volume and number of active users,  It is according to Dappradar, it suggests that it is catching fast. Low liquidity is the biggest problem for using irradiated exchange, and thus, Fork Delta, despite its average UX and checkered reputation, has a significant advantage over the choice of the cable network. #### Four IDX options which do not require KYC With the choice of Binance choice, with new hybrid and decentralized exchanges, and improvement of interactivity standards, it will soon be easier to trade a wide range of digital assets in a reliable setting. It will be for a long time, if ever, DEX can match the liquidity, likes and user experience of centralized exchanges. Unless the majority of DEXs are free of KYC, they will also play an important role within cryptocurrency ecosystem. [source](https://news.bitcoin.com/four-idex-alternatives-that-dont-require-kyc/)