The top futures exchange in bitcoin, OKCoin, has just announced that they will be instituting strict document verification of information provided by users. Lifetime USD deposits of $10,000 would lead to video verification of identification, even.
Many traders are wondering: where can I trade now that OKCoin futures is so unreasonable? Well luckily there's other bitcoin futures exchanges that have KYC/AML procedures that don't require you provide address scans and passport photos.
Note: They still do KYC/AML by checking you are not a resident of any forbidden jurisdictions, but their procedures simply don't require unnecessary document provision.
Many traders are wondering: where can I trade now that OKCoin futures is so unreasonable? Well luckily there's other bitcoin futures exchanges that have KYC/AML procedures that don't require you provide address scans and passport photos.
Note: They still do KYC/AML by checking you are not a resident of any forbidden jurisdictions, but their procedures simply don't require unnecessary document provision.
Coinpit
Coinpit offers 100x bitcoin futures with a nice, smooth, and simple platform. It has a cryptographic anti-money laundering system that ensures that all funds are verified. Americans are forbidden from trading and the system will verify that you are not residing in the United States. However, signup does not require providing personal document scans.
BitMEX
BitMEX also offers up to 100x leverage. Their platform is by far the most advanced with more order types than you can think of, as well as altcoin contracts.
They are the second biggest bitcoin futures exchange by volume and their development innovation has made them a strong competitor to OKCoin. Now that OKCoin is being overly strict on their KYC procedures, BitMEX has the potential to take the #1 spot in the industry.
Like Coinpit, BitMEX still performs KYC/AML and will verify that you are not connecting from a forbidden jurisdiction like the United States. However, in most cases they do not ask you for PDF document scans in connection with account creation and use.
They are the second biggest bitcoin futures exchange by volume and their development innovation has made them a strong competitor to OKCoin. Now that OKCoin is being overly strict on their KYC procedures, BitMEX has the potential to take the #1 spot in the industry.
Like Coinpit, BitMEX still performs KYC/AML and will verify that you are not connecting from a forbidden jurisdiction like the United States. However, in most cases they do not ask you for PDF document scans in connection with account creation and use.
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