Nov 04, · A single anonymous market manipulator caused bitcoin to top $20, two years ago, study shows Published Mon, Nov 4 PM EST Author: Michael Sheetz. If you want to be an anonymous trader, we suggest sticking with crypto deposits. Deposits and Withdrawals – The website operates within the boundaries of crypto trade if you want to maintain anonymity. They accept anonymous deposits from BTC, DASH, ETH, LTC, and Fiat options like Credit Cards, Skrill, Neteller, Wire Transfer, and a couple more. The biggest limitation of anonymous bitcoin exchange platforms is they apply a certain threshold for unverified users both in terms of trading volume and daily or lifetime withdrawals. This can cause a potential problem for those who would like to engage in trading activity anonymously with a high amount of funds. The credibility of the Exchange.
Anonymous bitcoin traderBest Anonymous Bitcoin Exchanges / No KYC
This means that no personal details need to be provided during registration. Anonymous Bitcoin exchanges are great for people who want to enhance their anonymity when they interact with the Bitcoin network, because in most of the cases you just need to provide an email and a password and you can trade instantly.
The identity verification process at Bitcoin exchanges typically involves providing personal information, such as date of birth, address, name and attaching proof of residence and proof of identity documents. Hurry up, this deal is not around for long! Users can hide their credentials so no authorities, be it tax authority or government will be able to see their profits, investments, and losses in Bitcoins.
It is also possible that you just want to hide proceeds from various people, such as employees, creditors, or even spouses for different personal reasons. Other people then just do not trust the platform enough to provide their credentials to the people who own the site. It takes some time to validate this information. At anonymous Bitcoin exchange you do not have to wait until the verification process goes through approval at the platform, which means that you can start trading right away after sign up.
The largest limitation of anonymous Bitcoin exchanges is that they apply a certain threshold for unverified users both in terms of daily or lifetime withdrawals and trading volume, which can cause potential issues to those who would like to engage in trading activity anonymously with a high amount of funds.
At completely anonymous Bitcoin exchange platforms users do not have to provide any type of personal information in order to engage in trading activity. However, some of these platforms limit the amount of available funds to users or the different types of withdrawal and deposit methods for unverified users. There are a couple of Bitcoin exchanges where you can engage in trading activity right after signing up. However, the registration process involves providing a phone number.
These Bitcoin exchanges often apply multiple levels of verifications. On the first level you do not have to provide too much information about yourself just to get started. However, limits are applicable in these cases too. Users do not have to provide any personal documents. Also, no limits are applicable on the platform for unverified users. However, you can trade with both digital and fiat currencies without verification.
The necessary personal information for registration includes full name, phone number, country of residence, and date of birth. At P2P Bitcoin exchanges, you can purchase and sell Bitcoins directly from private individuals, and you can also keep a low profile and do not share any personal details during the purchase process. It has been operating since and has on the ground buyers and sellers in nearly 15, cities across the world.
You can meet sellers online and execute a trade offline, you can pay in cash or send them money via SEPA or PayPal or wire transfer or direct bank deposit all depending on the seller.
LocalBitcoins respects the anonymous nature of Bitcoin. This means that the ID verification process is not mandatory. To sign up, you need to provide an email address, but you can simply bypass this using an alias email. The other options are to use peer-to-peer exchanges, where you can buy and sell bitcoin directly from other fellow bitcoiners.
Binance is one of the biggest exchanges worldwide offering its services in almost all countries around the world, supporting many FIAT currencies. You can buy and sell Crypto Currencies without KYC when you withdraw less than 2 Bitcoin per day — which should be enough for most users. Evonax is a new cryptocurrency exchange platform where you can perform instant exchanges of a range of cryptocurrencies for each other. The provider even enables crypto-to-Paypal exchange, making the service quite versatile.
Therefore users can even use the platform for crypto cashouts to a certain degree. Pure crypto-to-crypto exchanges can be performed anonymously as you need nothing more than the wallet addresses. Visit Evonax.
HodlHodl best decentralized option — The main idea behind bitcoin is to make payment completely decentralized without a central party handling the transactions. HodlHodl is going back to this idea, offering a truly decentralized market place where you can buy and sell bitcoin from other individuals and remaining completely anonymous.
Visit HodlHodl. Localcoinswap reputable P2P platform is a reputable P2P exchange where you can buy and sell bitcoin directly from other bitcoiners. Some of the sellers have built a very reputable portfolio of prior reviews so you can be sure that your counterparties are legit.
Localcoinswap offers literally hundreds of payment methods, including Cash and Western Union to buy Bitcoin, Ethereum, USDT and many other assets without ID verification using other payment methods from a large number of sellers online and locally.
Visit Localcoinswap. Paxful best for cash remained recently one of the last P2P trading platforms where you can still buy bitcoin in exchange for cash from other individuals. There are a vast variety of payment methods including cash and PayPal which you would not usually find elsewhere. ID verification is only required if the seller request you to do it, however always make sure you choose a reputable counterparty for your transaction with prior track record and reviews.
Visit Paxful. It is good news for those who want to buy or trade altcoins, that buying altcoins anonymously is much easier using bitcoin than fiat currencies. So if you already have bitcoin or other cryptocurrencies, there will be plenty of options to exchange bitcoin for altcoins. However if you want to purchase altcoins for fiat currency, like using USD or EUR you will still need to go through KYC processes just like in the case of buying bitcoin.
Binance — Did you know that one of the biggest crypto exchanges in terms of the volume offers anonymous trading possibility? Binance lets you to register, deposit and trade on your account with hundreds of altcoins without asking you to verify your account. Bear in mind however you can only use the platform up to 2 BTC, beyond that, you will be requested to verify your identity using government-issued IDs and proof of address just like in the case of any regular exchange.
Bitfinex is one of the oldest and most reputable Bitcoin exchanges and altcoin trading platforms on the market. They still dont require KYC as long as you dont deposit or withdraw FIAT currency — as long as you stay with crypto, you can trade totally anonymously. Bitfinex offer a large number of tradeable crypto assets as well as Futures, Margin Trading and you can stake your coins on the platform as well to earn interest on your crypto. Bitfinex is a great choice for all your crypto needs and still one of the best and most reliable trading platforms out there.
Visit Bitfinex. BitMax is a crypto derivative platform offering altcoin trading on margin for a lot of less liquid cryptocurrencies. The registration and sign up is pretty straightforward, you only need to provide an email address to have your account opened. Verification is not mandatory, but you can only trade up to 1 BTC volume daily without passing the KYC process and withdrawals in certain cases also require verification, so make sure you check the terms and conditions before signing up.
Visit BitMax. Tradeogre is a less-known cryptocurrency platform offering truly anonymous trading options in hundreds of altcoins. The trading fee of 0. Also there is no real support only a Twitter account leaving a lot of unanswered questions from users around the internet.
Use it at your own discretion. Visit Tradeogre. Livecoin — Livecoin. Note some coins can have very low liquidity, but that is not necessarily the problem of Livecoin but the market of the coin. The trading fees are as low as 0.
Although the exchange support fiat currencies, you only need to go through the identity verification process if you would like to use bank transfers for deposits or withdrawals. Otherwise, you can use the trading platform anonymously just with az email used for registration. Visit Livecoin. LocalCoinSwap service is very similar to the P2P marketplace LocalBitcoins offer with a simple twist that it is extending its coin offerings to multiple or any kind of altcoin.
Since this is a P2P market, you can buy, sell and trade altcoins with other individuals, so make sure you choose a seller who has a reputable track record of past transactions to avoid frauds. Verification is not mandatory on the platform, however, some sellers may ask for your ID in their terms and conditions.
Visit LocalCoinSwap. Advantages of Anonymous Exchanges Without KYC The identity verification process at bitcoin exchanges usually involves providing personal details, such as name, address, date of birth, and attaching proof of identity and proof of residence documents.
Disadvantages of Anonymous Exchanges without Verification The biggest limitation of anonymous bitcoin exchange platforms is they apply a certain threshold for unverified users both in terms of trading volume and daily or lifetime withdrawals.
The credibility of the Exchange With the rising number of regulations concerning the anti-money laundering aspects of cryptocurrency exchanges, the demand for anonymous exchanges is ever-growing.