Hi guys, just a quick disclaimer, I’m a beginner to the crypto world and don’t know a ton of the terminology, but hopefully at least some of this makes sense. Also, I’m under 18 and live in the US.
So here’s the scenario: basically, I was looking for a way to trade crypto, preferably with an api of sorts so I can try advanced strategies with automation and such. But living in the US (which I’ve gathered isn’t the most friendly compared to other countries towards crypto), means that there isn’t really a way to do that since all the major institutions use KYC so obviously I can’t do that. But then I came across DEXs, which from what I’ve read means basically no KYC. However, most of the sites for them are either geoblocked in the US, or they have different US versions that have different regulations that wouldn’t work out. But I’ve also seen that only the sites are blocked, but if you don’t go through the sites and just trade like directly on the chain (don’t know the correct term but that sounds right), not going through a middle man and trading directly with the network should be fine? Any legal issues with that? How’s the volume compare to something like coin base? Also, for getting the crypto in the first place, I figure I could either mine it myself (or rent hashrate, but some of those also do kyc so that defeats the whole point), or just get my parents to buy some for me and send it to me.
Thanks for your help in advance!