Either buy only a small amount of bitcoin as there are certain sites that lets you get into bitcoin without ID verification of your purchase amount is limited to a smaller fund. The other options are to use peer-to-peer exchanges, where you can buy and sell bitcoin directly from other fellow bitcoiners. Nov 21, · LocalBitcoins lets you buy Bitcoin without verifying ID, but only up to 1, euros or equivalent per year. It does not let you sell Bitcoin without verifying identity. Paxful does not require ID verification for account creation, but requires verification for accounts that reach the equivalent of US$1, in trade volume or wallet activity. Now, the one thing that’s important to note is that many of the non-verification Bitcoin exchanges do ask you to verify your identity if you want to increase your trading limits. For example, if you read our Kraken review, you’ll notice that you can create an account and trade without any personal details.
Bitcoin trade without id4 hand-picked ways to buy bitcoin without ID verification | allcryptocoins.de
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. Why Bitcoin Exchange Privacy matters It is known that information is leaked or lost in hacks all the time. Top anonymous exchanges to trade bitcoin At couple of exchanges, you can engage in trading activity right after signing up, however, the registration process involves providing a phone number.
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Bitsquare aka BISQ 7. Mycelium Local Trader 8. Wall of Coins 9. Related Posts. Show Hide 3 comments. Bitcoin ATMs are private, but there are some downsides.
At BitFinex you can start trading without verification if you only deposit cryptocurrency. Using ShapeShift you can buy bitcoins with no ID, but that is because you need to buy altcoins or another digital token before buying. If you already have a token like Litecoin or Ethereum then you can buy bitcoins in seconds with no verification.
No account required. You can read through our Bitcoin wallet guide to find a wallet. That means there are Bitcoin ATMs in your area. Click on one of the map markers for more details about a specific ATM.
We like ShapeShift because it never holds your coins and only makes a "swap". So there is no need to create an account or give ShapeShift any personal information. To use it, go to Shapeshift. You should then see a box on the right side where you can choose the coins for your trade:.
In this case ShapeShift auto-set the trade to be Bitcoin for Ether. But who's buying Ether? We want bitcoins! Click on one of the coins and then you can select the coins you want to deposit and receive.
The selection looks like this:. In our case we have decided to trade some litecoins for bitcoins. So the screen on the main page should now look like this with Litecoin under "Deposit" and Bitcoin under "Receive" :. On the screen above you must enter the Bitcoin address that will receive the coins, along with the Litecoin refund address in case there is a problem with the transaction.
Now just send litecoins or whatever coin you are trading to the address displayed. Also, notice the max and minimum amounts! Once you send the litecoins you should see your newly purchased bitcoins in your wallet within a few minutes. Yes, using ShapeShift is that easy! If you're still a bit confused, that's okay.
Buying bitcoins is hard and that's why I built this site. The verification process for buying on some exchanges can take days to complete. This makes buying bitcoins fast hard. Do you want to buy larger amounts of bitcoins? Try buying with a bank account and you'll save on fees. It depends how much you trust the exchanges. Just like any information you give up online, there is always the risk that it can be hacked or stolen from the website you give it to.
Even Yahoo was hacked and information on million accounts was stolen. BitQuick was hacked , although it claims no customer information was stolen. Still, there is always a risk with any exchange that collects your personal information.
Don't care about buying with or without verification?