Trading platforms without verification

Some of the crypto exchanges feature partial KYC verification, and the world’s largest exchange is one of them.

My list of forex bonuses

5 Great Crypto Exchange Platforms that Don’t Require KYC Verification, trading platforms without verification.

The hong kong-based exchange boasts of more than 10 million active users and supports over 150 cryptocurrencies. To deposit funds on binance, users can either use bank transfers, credit cards, or crypto deposits. The platform’s native token is binance coin (BNB). Holders of the coin enjoy a discounted rate when trading any of the over 500 trading pairs available.

5 great crypto exchange platforms that don’t require KYC verification

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The best spot for an intriguing adventure to everything crypto.

KYC (know your customer) guidelines are a prominent feature in financial systems. KYC is part of the wider anti-money laundering (AML) policies that reduce the risks in financial transactions. KYC refers to the process of verifying the identities of the individuals using a service, and in most countries, it involves providing some identification documents.

Following the numerous risks in the crypto world, many exchanges nowadays require KYC checks. The procedures are especially standard in centralized exchanges. KYC procedures help reduce the cases of illegal activities in crypto exchanges, which have been rampant in recent years. However, they also interfere with anonymity in crypto exchanges, which is crucial for many investors.

Investors who would rather not give their personal information to trading platforms may have a harder time finding an exchange that accommodates them. Luckily, several crypto trading platforms allow people to trade without KYC verifications. Here are the top 5 exchanges that you should be on the lookout for if you’d rather remain anonymous when crypto trading.

Block DX

Block DX is a decentralized exchange (DEX) powered by blocknet protocol. The blocknet, which is a blockchain interoperability protocol, allows private and public blockchains to communicate, interact, and for users to exchange crypto across the platforms. Additionally, the protocol allows the connection to external off-chain apis and services.

Unlike other decentralized exchanges, block DX decentralizes all components of the platform. Although it mimics a centralized exchange experience, users can transact directly from their wallets without an intermediary. Some of the features that make block DX stand out include no accounts, greater flexibility thanks to no withdrawal and trade limits, and trading pair freedom. To take an existing order, users only need a small amount of BLOCK, the platform’s native token. However, creating an order doesn’t require any BLOCK tokens.

Bybit

Bybit is a singaporean exchange founded in 2018. Crypto enthusiasts believe the platform could grow exponentially with the introduction of KYC procedures, but the derivatives futures exchange platform is yet to put these measures in place.

Bybit offers a variety of features, especially for traders who would love to venture into margins trading. The BTC-USD perpetual swap is the most popular product, and users can also trade XRP, ETH, and EOS. Besides, the platform provides a variety of crypto margin trading guides that contain useful tips and tricks for swapping crypto derivatives.

Users from most parts of the globe can use bybit without KYC verification. The platform provides a neat user interface that is available 24/7 and in different languages. The platform also offers an ios and android mobile app for easier access to the exchange. However, it is worth pointing out that bybit bars US users from trading on the platform.

Changelly

If you need to swap your cryptocurrencies for some other without KYC verification, changelly should be your go-to exchange. The platform has been around since 2013 and currently supports more than 150 cryptocurrencies. If you would like to exchange for BTC, you would need supporting cryptos such as ethereum and dash. Despite it being a centralized platform, you don’t require ID verification registration to use the swapping services.

One of the best features of changelly is the vast array of payment services acceptable on the platform. In addition to crypto deposits, traders can use bank transfers, credit card payments, and even apple pay to make deposits. Besides, changelly features a trading algorithm that finds the best trading prices by scanning other platforms.

The only instance where you would need to complete KYC verification is if suspicious activity is detected. If you require additional security when swapping your coins, a VPN would be an excellent choice.

Ethereum holders will particularly love this decentralized cryptocurrency exchange. IDEX is specially designed for trading ethereum and ethereum-based tokens (ERC-20). By combining the security of blockchain technology with the speed of centralized platforms, IDEX provides one of the best exchanges for ethereum users who would like to transact anonymously.

Traders on IDEX are identified using their wallet addresses. Therefore, there’s no need for further verifications. To get started on the platform, users only need to unlock their ethereum wallets, deposit tokens on the exchange, and start trading. Following a rebranding of the parent company, IDEX swapped its native token from AURA to IDEX in a 1:1 conversion. Users who previously held AURA tokens swap them at their leisure, with no deadline in place. IDEX coin holders receive a percentage of the fees generated from the transactions on the platform.

Binance

Some of the crypto exchanges feature partial KYC verification, and the world’s largest exchange is one of them. The hong kong-based exchange boasts of more than 10 million active users and supports over 150 cryptocurrencies.

To open an account on binance, you only need an email address. You can also deposit, withdraw, and trade up to 2 BTC per day without requiring KYC verification. Spot trading on binance doesn’t also need verification. However, users who transact large volumes of BTC will need to complete the KYC procedures so that they can transact on the platform. Additionally, US traders must use binance US, which features KYC verification during registration.

To deposit funds on binance, users can either use bank transfers, credit cards, or crypto deposits. The platform’s native token is binance coin (BNB). Holders of the coin enjoy a discounted rate when trading any of the over 500 trading pairs available.

Parting shot

Undoubtedly, KYC verification on cryptocurrency exchanges helps to keep the platforms safe from users who would be engaging in malicious activities. However, these procedures strip the crypto world of anonymity, which was one of the significant features that drew people into the world of digital currencies.

Despite the security offered, KYC procedures could also pose a potential threat to investors in case of data breaches. Therefore, it is no surprise that many crypto enthusiasts love to maintain their privacy when transacting on public ledgers. Sure, there are other options, such as bitcoin mixers. However, a good exchange without KYC verification is enough for most investors. So, why don’t you check out our list above and find one that works for you? Keep in mind that there are several other options available, and you only need to do your research to find a platform that works for you!

Best bitcoin brokers to trade bitcoin anonymously – no ID!

Current broker deals for you (no ID required):

Please note: residents and citizens of the USA are not allowed to use the online broker platforms listed below due to US law. CFD / derivatives trading with leverage is strictly forbidden in the USA and for holders of US passports. However, it is allowed to directly buy and sell bitcoin and other cryptocurrencies in the form of normal spot market trades, where you actually buy and sell the underlying asset, without leverage.

The tables below show the brokers which allow bitcoin trading without ID verification – trade cryptos on trading sites which don't ask for your real name proven by photo ID. It's even possible to trade bitcoin completely anonymously on sites which even don't care about data like name or anything personal.

Primebit is a new cryptocurrency margin broker where you can trade perpetual contracts (cfds) with up to 200x leverage. The platform seems to target experienced traders as they have the metatrader 5 trading program integrated and offer the highest leverage available in the industry.

Primebit empraces anonymity as there is no option to get verified at all.

Basefex is a new bitcoin margin broker offering a maximum leverage of up to 100x. Traders can trade bitcoin and a few major altcoins as cfds anonymously, since the account not even asks for a full name or any other personal data.

You can trade bitcoin anonymously at simple FX. Just deposit your bitcoins and start trading without any further verification. Deposits in fiat currencies do require however verification with photo ID and proof of residence.

Bitfinex can be used for trading cryptocurrency anonymously, however in this case the account must be funded by altcoins or bitcoin. Fiat deposits require a photo ID and a verification process.

US traders aren't officially allowed anymore to trade on bitfinex at all, since nov 2017. However it is technically possible to signup for an initial account by using a VPN as inital accounts don't require ID verifications, neither any personal data. Just note that this would be kind of an unauthorized trick.

Up on registration at poloniex, you need to provide your name, your country and an email address, however as level 1 user, you do not need to provide any further proof for these information, so they could even be fake. However in this case the anonymous trading activity is limited to 2000 USD per day.

Trade bitcoin anonymously on specific platforms – no ID verification

Specific bitcoin trading platforms allow you to use their services without ID verification. This means that upon registration you do not have to provide personal details such as name, address, date of birth. At anonymous bitcoin trading sites you can start trading instantly after sign up.

Advantages of anonymous trading

The benefits of anonymous bitcoin trading is that if you do not provide your credentials to the platform, no authorities (or even hackers searching for wealthy targets for their ransomware campaign) will be able to see your investments, profits and losses in bitcoins, because the account is not connected to your real name. You can hide your identity even from the owner of the platform. Especially when trading through a vpn tunnel, you are completely anonymous even from a very technical point of view.

A verification process would also include providing a proof of your identity in a form of a photo ID and a proof of residence - so obviously validating this information may take long. On the other side, you can start trading right away after sign up for anonymous trading within basic accounts, as you do not have to wait until the verification process goes through approval.

Downsides of bitcoin trading without ID verification

Withdrawal limitations

The biggest drawback of trading anonymously on certain platforms is certain thresholds which apply to unverified users both in terms of trading volume and daily or lifetime withdrawals. This can cause potential problems to those who would like to engage into trading activity anonymously with a high amount of funds.

However, this only applies to certain brokers, as shown in the list above. There are enough other bitcoin trading sites that do not require ID verification by default. So there are no restrictions for certain accounts as there is only one kind of account.

Lack of deposit ensurances

A disadvantage that some traders will perceive as such is the lack of security. While deposits with legally regulated brokers are insured up to a relatively high value in case the company goes bankrupt, modern bitcoin brokers do not provide such security. Especially not the ones on which you can trade anonymously.

On the other hand, state-regulated licensed brokerage platforms that operate on the basis of fiat money deposits usually hold these deposits with external banks. This is because trading companies usually do not have a banking license and therefore have to deposit client funds with banks. If the trading company itself goes bankrupt, the customer funds are still safely deposited with the banks.

Many crypto traders have already experienced that their coins were lost when a cryptocurrency exchange was hacked. For such cases there is mostly no insurance in the area of crypto brokers.

In the case of losses due to platform hackings, however, trustworthy brokers try to make up for the damage. Bitfinex has provided a great example of this in the past. Many traders lost their coins in a hack. The platform then decided to pay back the lost coins piece by piece by giving the affected traders a share in future profits. Binance also suffered from a quite big hack when a lot of BTC got stolen, but the company bore the damage themselves, so none of their users were affected.

However, because of this lack of deposit insurances traders are adviced never to leave their coins on a cryptocurrency exchange or broker site, when they aren't actively trading. Trading platforms should never be used as a wallet to store one's cryptocurrency long term.

How to buy bitcoin UK: A beginner’s guide

There are number of online platforms and methods to buy bitcoin in the UK and figuring out where to get started can be daunting. In this beginner’s guide, we explain the ins and outs of how you can buy bitcoin in the UK, as well as the best platforms for doing so. We also explain some the factors that you need to look out for prior to parting with your money – such as regulation, fees, spreads, and withdrawals.

Our recommended UK platform

Don’t have time to read through our guide and simply want to buy bitcoin right now?

If so, we would suggest the broker listed below. Our top-rated platform is regulated by the UK’s FCA, so your funds are safe at all times. You can also deposit funds with heaps of everyday payment methods, and you won’t pay any fees other than the spread.

Etoro: best UK platform for 2020

Buy physical bitcoins or trade bitcoin cfds

Copy trading available

Cysec, FCA and ASIC regulated

Bitcoin in the UK

Consumer demand in the UK for bitcoin took off in late 2017 when the cryptocurrency went on a parabolic run to $20,000. This amounts to an all-time high of around £16,000. To put this into perspective, bitcoin was worth less than 1p back in 2009. Those that were fortunate enough to jump on the band-waggon early are now looking at unprecedented profits.

In terms of availability, the UK is home to a number of popular cryptocurrency brokers. Moreover, a number of regulated CFD brokers now offer markets on bitcoin – including heavyweight firms like plus500, etoro, CMC markets, IG, and even city index. Some brokers even offer a dedicated bitcoin market against the pound sterling.

This is unusual, as the vast majority of the industry is marked-up against the US dollar. Outside of the traditional brokerage space, there are also a number of bitcoin atms scattered around the UK. This allows you to insert cash into the machine, and in return, bitcoin will be transferred to your digital wallet.

What is the best way to buy bitcoin in the UK?

There are heaps of way to invest in bitcoin – such as a bitcoin ATM or peer-to-peer exchange. With that said, the easiest way to get your hands on cryptocurrencies as a first-time buyer is to use an online broker.

The process works largely the same regardless of which platform you sign up with. You’ll need to open an account, deposit some funds, and then specify how much you wish to buy. After that, most brokers allow you to withdraw your newly purchased bitcoin out to a private wallet.

This operates much like a bank account, albeit, you retain full control over your private keys. When it comes to payments, most UK brokers allow you to fund your account with an everyday payment method. This includes the likes of a debit card, credit card, or an e-wallet such as paypal or skrill.

You can also deposit funds via a local UK bank transfer. Finally – and perhaps most importantly, UK brokers must hold a regulatory license. As noted above, this will usually be with the UK’s FCA. As such, client funds will be held in segregated bank accounts. This means that were the broker to collapse, your funds should be protected.

Where to buy bitcoin in the UK

Etoro is our top pick from the best trading platforms to buy bitcoin with a debit card in the united kingdom for several reasons. Firstly, etoro is the largest social trading platform in the world with more than 4.5 million users from more than 140 countries. Then, this broker offers a wide range of assets including stocks, commodities, cryptocurrencies, indices, etfs, and currency pairs. But after all, the greatest advantage you can see in our etoro review, is when you compare it to other platforms, is that investors can interact with other members and use the copytrade feature that enables users to copy trades of other successful traders.

Bitcoin trading on etoro can be done through etoro's own cryptocurrency exchange (etorox), or through cfds. As of 2018, etorox is also available in the united states. Investors in the united kingdom on the etoro platform can buy and short-sell bitcoin with a leverage ratio of 2:1. On top of that etoro offers trading on 94 other cryptocurrencies if you choose to buy crypto through cfds.

Founded in 2006, etoro is regulated by top tier regulators such as the financial conduct authority (FCA) in the united kingdom, cysec in europe, and ASIC in australia. Etoro stands out among other exchanges and bitcoin brokers by allowing you to buy and hold digital coins 'physically' or to trade cfds, meaning you speculate on bitcoin price movement without owning the currency.

Assets: cryptocurrencies (cfds and exchange), stocks, forex, etfs, commodities, and indices.

Demo account: yes

Educational material: daily blog & podcast, and video tutorials

Fees: BTC/USD spread - 0.75%, no deposit fee, $5 withdrawal fee, $5 inactivity fee.

Minimum deposit: $200

Special features: social trading platform, copytrade, copyportfolios. Etoro offers its own cryptocurrency exchange and a digital wallet.

Regulation: FCA, cysec, ASIC, mifid

Payment methods: credit/debit card, paypal, sofort, rapid transfer, skrill, wire transfer, neteller, webmoney, unionpay

Cryptocurrency trading platform without verification

October 2, 2020, 12:14 am 718 views

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Introduction

Verification is the process of verifying the data of a user in order to verify his identity. The client must provide his data, such as copies of his passport, TIN, bank statements to confirm the residential address, and agree to the processing and verification of provided information by representatives of the crypto currency exchange.

For financial regulators and governments, KYC and AML are critical as a way to prevent a crime of money laundering, theft, and other illegal activities. The use of these policies will legalize the crypto industry.

This is why KYC and AML are important. But that is not what block chain and bitcoin were created for. While banks control fiat currencies, crypto currencies are independent and power is in the hands of mere mortals.

In any case, verification has a number of positive aspects (at first sight):

Determining the owner of the assets. You prove that your digital asset was obtained legally, and also confirm that the electronic wallets of payment systems or plastic cards used to withdraw funds from your account belong to the account holder. In other words, hackers will not be able to withdraw your funds as the card number, or bank account number as it is not assigned to you in the system. And this is not entirely true. Intruders can still access your account and withdraw funds to their crypto currency wallets.

It means that the crypto currency exchange acts in accordance with the law. You can be sure that the trading platform you choose will treat your funds in good faith and that you will be able to withdraw funds from your account. This is also a delusion. You could have acquired crypto currency assets legally, but the seller could have received them, for example, from scammers or hackers. You will get a lot of headaches before you regain control of your funds. Crypto currency means you have complete control over your own assets, but in such case, you are still under the hood.

Identity verification is a big problem today for technology companies, financial institutions, and government agencies.

This task is no less acute for the crypto industry: on the one hand, it is required to maintain the necessary privacy and protect user data from hacking and “third parties”, on the other hand, something must be done with the growth of crypto currency fraud.

Many people decide to verify their identity on popular services, but there are always be users who do not want to waste their freedom and privacy, and there are still some services that allow users to stay anonymous in the era of transparency.

One of such services is a cryptex exchange, providing all the services without identity verification. Most likely, in the future, there will be even stricter rules for passing verification on the exchange than KYC and ALM, although there are still exchanges without verification.

Conclusion

Despite the long-term goal of the crypto industry to become an alternative to traditional finance and break away from the outdated big banking industry, it is sadly forced to play by the rules set by governments and regulators in most jurisdictions across the globe.

That being said, we are lucky to have platforms such as cryptex exchange and crypto currencies like monero, both which will likely continue to exist as the cryptocurrency and DEFI industry further matures and the desire for anonymity continues.

Bitcoin exchanges with no verification procedures

Source: stanislauv/shutterstock.Com

The cryptocurrency trading world is full of ways to buy and sell bitcoin (BTC), ethereum (ETH), and top-rated altcoins such as litecoin (LTC) and ripple (XRP). In the same way, there are multiple ways to trade, with just as many exchanges out there ready to accept your money.

Many of these are known as non-verification platforms. Put simply, bitcoin exchanges with no verification keep the registration process simple. By asking you for very little personal information, these exchanges not only make it easy to sign up, but they also stay true to the fundamentals of digital currencies.

The providers below offer the easiest verification processes on the market. Whilst some it can take weeks before you can buy bitcoin on the platform, the exchanges below are quick, easy and can get you to the market almost immediately.

Understanding anonymity in the cryptocurrency world

To understand bitcoin exchanges with no verification, you need to understand cryptos. When satoshi nakamoto published the whitepaper on BTC, one of the core concepts outlined was anonymity. By decentralising everything and swapping personal ids for sequences of letters and numbers, cryptos were designed to be anonymous. As the industry has evolved, the concept of anonymity has shifted and, today, certain digital coins are more anonymous than others.

The main point to remember, however, is that anonymity is a fundamental part of the industry. Because of that, crypto-to-crypto exchanges, i.E. Those that only deal in cryptocurrencies, don’t need any personal details. Because you don’t have to include your name, address, or other personal information when you send/receive digital tokens, it follows that exchanges don’t need this information. Now, because businesses need to keep certain records, you’ll find that some exchanges ask for certain personal details. However, the reality is that sites don’t need much more than your email address and crypto wallet address.

Why some exchanges don’t ask for ID verification

Source: ktsdesign/shutterstock.Com

As we’ve said, some crypto exchanges don’t ask for ID verification because they want to stay in line with the ethos of the industry. Beyond that, there’s the sense that online trading should be a universal process. In other words, a bitcoin exchange with no verification is open to everyone around the world. That was the reason nakamoto created bitcoin and, subsequently, those like him have continued to innovate. By not asking for or verifying your identity, exchanges can remain open to the world at large.

Are exchanges without verification safe?

In a word, yes. The reason we can say that with a certain degree of confidence is that there’s nothing fundamentally unsafe with remaining anonymous. What’s more, the mechanics of sending/receiving cryptos is designed to keep you safe. 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. However, if you want to deposit, buy and withdraw larger sums of money, you’ll need to provide some form of identification.

This is more of an internal security measure designed to protect the exchange from fraud. Another thing that’s important to note is that ID verification is likely to become more common across the industry. Online brokers already do this because they have to comply with financial regulations. As agencies such as the financial conduct authority (FCA) introduce their own rules for cryptocurrencies, leading exchanges may be forced to fall into line. If that happens, ID verification will become necessary. For now, however, bitcoin exchanges with no verification are safe and secure.

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Best anonymous bitcoin exchanges / no KYC

There are several bitcoin exchanges on the market which allow you to use the services without verifying your identity. This means that during registration or when using the exchange you do not need to provide any personal details or you do not need to verify the provided information. At an anonymous bitcoin exchange, most of the cases you just need to enter an email and a password and you can start trading instantly.

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. Most of the exchanges require identity verification process for AML – anti-money laundering – purposes and run a process called KYC – know your customer – to be compliant with the regulation applicable in the country where they are operating.

There can be several reasons why a user wants to avoid exposing personal information on a bitcoin exchange. Users can hide their credentials so no authorities, be it government or tax authority will be able to see their investments, profits, and losses in bitcoins. It is also possible that you just do not trust the platform enough to provide your credentials to the owner of the site as you are not confident in them for safeguarding your personal. Other people then just want to hide proceeds from various people, such as creditors, employees, or even spouses for various personal reasons.

On the other side, the verification process also includes providing documents to prove your identity in the form of a government-issued photo ID and prove your residence in the form of utility bills. Validating this information may take longer, sometimes even weeks in case of increased interest in the platform’s services. While you can start trading right away after sign up for an anonymous bitcoin exchange as you do not have to wait until the verification process goes through approval at the platform.

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. 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

With the rising number of regulations concerning the anti-money laundering aspects of cryptocurrency exchanges, the demand for anonymous exchanges is ever-growing. More and more people are looking to purchase and trade bitcoins anonymously while the number of legit places are decreasing rapidly in the sector where you do not need to verify yourself. This situation is making ground for fraudulent businesses that offer anonymous trading service, but after all vanishes with its user’s funds.

Exit scams are on the rise as with an anonymous exchange, there is no supervisory from authorities and there is no real way to track down convicts if they steal the client’s fund. Make sure whenever you buy bitcoin anonymously, you make your own research about the platform you are using and if you are using P2P partners, check their track record to minimalize the risk of being caught up in a fraud.

Why bitcoin exchange privacy matters

It is known that information is leaked or lost in hacks all the time. If you own a good stack of wealth in cryptocurrencies, the information used for KYC ( passport, a selfie with passport, and a utility bill from the last few months) can easily be used to track down who you are and where you live. After several reports of bitcoin traders already being attacked, tortured, and kidnapped to steal their coins, it is more than understandable that you do not want your KYC verification information being leaked, stolen, or published on the web or in darknet forums. This has nothing to do with you wanting to do illegal activities – you just take your privacy seriously and protect yourself and your family.

Due to the recently developing regulatory environment around cryptocurrencies, most of the jurisdictions in the world have introduced protective measures to avoid money laundering. This means that in most western european countries along with the US, cryptocurrency exchanges must identify their customers through the know your client (in short KYC) processes. However, you can still find legit ways to buy and trade bitcoin anonymously even if you are a resident in this area.

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. These exchanges often apply multiple levels of verifications, where on the first level you do not have to provide too much information about your self just to get started. Limits are applicable however in these cases too.

Binance is one of the most well known exchanges and trading platforms in the crypto space. They offer anonymous trading, deposits and withdrawals without KYC for all users up to 2 BTC withdrawal per day. You dont need to verify your identity or address when you stay under that limit – which means you can withdraw up to 60 bitcoin word of crypto per month completely anonymouly. This should be enough for most users, unless you are a whale. Apart from that, binance offers many other services like margin trading or staking (earning interest on crypto deposits) which makes binance a real competition to all banks and brokers.

Bitseven offers leverage trading of four crypto assets: bitcoin, ethereum, ripple and litecoin. What is special about bitseven is that they allow margin trading for US customers (US friendly) without KYC – that is a very rare feature and US traders know that. Bitseven is a bitcoin only trading platform, that means you can only fund your account with bitcoin, even though you can trade the other three main coins as well. Withdrawals are also only possible in BTC.

Primexbt offers margin trading option without ID verification. For sign-ups you only need to provide an email and a password and your account is ready to be funded for trading. This is a crypto-only trading platform, so no option to deposit or withdraw fiats, but this also means, there is no verification process at all and there is no applicable limits on trading or depositing.

Simplefx lets you to trade with a number of different altcoins, bitcoin, forex and indices without verification if you deposit using bitcoin. Upon registration, you are only prompted to enter an email and you will receive an email with instructions on setting up your password. However, if you want to deposit any fiat money or withdraw it from the platform, you will still need to go through the verification process.

Basefex has been introducing its trading platform to the market promising no KYC process at all. They never ask for any kind of personal details when you use the site, you only need to provide an email to register. Basefex only accept deposits in bitcoin and similarly, you can only withdraw bitcoin only from the platform, they do not work with any fiat money at all.

Best anonymous exchanges to buy and sell bitcoin

If an exchange offer fiat payment options, in most of the cases clients need to go through identity verifications. You still have two choices if you would like to remain anonymous when buying bitcoin. 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.

Binance offers buying and selling bitcoin, ethereum and hundreds of other crypto currencies with credit cards or debit cards, bank wire as well as P2P trading. 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. The cryptocurrencies supported by evonax are bitcoin, bitcoin gold, bitcoin cash, bitcoin SV, dash, doge, ethereum, litecoin, monero and zcash. Pure crypto-to-crypto exchanges can be performed anonymously as you need nothing more than the wallet addresses.

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.

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.

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.

Top anonymous exchanges for altcoins

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.

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.

Tradeogre is a less-known cryptocurrency platform offering truly anonymous trading options in hundreds of altcoins. The trading fee of 0.2% is very competitive on the market compared to other anonymous markets, however, unfortunately the team is also staying in anonymity raising some questions regarding the integrity and authority of the platform. 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.

Livecoin – livecoin.Net offers altcoin trading option in almost any kind of altcoin you can imagine. 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 0.01%-0.1% and they accept a lot of different deposit and withdrawal methods, like payeer, okpay, and other similar alternative payment providers. 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.

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.

Etoro account verification: missing ID and proof of address

Please be advised that due to regulatory requirements and the etoro policy, we require that you complete your profile’s verification process and upload the necessary documents.

We kindly request that you provide us with the following:

A clear copy of your valid passport or government issued ID, showing all the relevant information including:
- Your photograph, full name and date of birth
- Country of issue and issue/expiry date
- Passport/ID number and MRZ number

A clear copy of a recent utility bill or bank statement (no older than 6 months) showing:
- Your name
- Your updated home address
- Date of issue
- Issuer of the document

Click here to upload documents.

Remember, verification is necessary in order to avoid account and withdrawal limitations.

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Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work, and whether you can afford to take the high risk of losing your money.

The purchase of real/cryptoassets is an unregulated service and is not covered by any specific european or UK regulatory framework (including mifid). In the event that cryptoassets are purchased on a real/physical basis and not traded in the form of a CFD you will not benefit from the protections available to clients receiving mifid regulated investment services, such as access to the cyprus investor compensation fund (ICF)/the financial services compensation scheme (FSCS) and the financial ombudsman service for dispute resolution.

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Past performance is not an indication of future results.
General risk disclosure | terms & conditions

You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade. Under no circumstances shall etoro have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to cfds or (b) any direct, indirect, special, consequential or incidental damages whatsoever.

Trading with etoro by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an etoro community member is not a reliable indicator of his future performance. Content on etoro's social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of etoro - your social investment network.
Copyright © 2006-2021 etoro - your social investment network, all rights reserved.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work, and whether you can afford to take the high risk of losing your money.

Etoro is in the process of registering as a crypto service provider with de nederlandsche bank NV (DNB). Until the application is decided upon, etoro will no longer be able to provide crypto services to users in the netherlands.

Past performance is not an indication of future results.
General risk disclosure | terms & conditions

Trading with etoro by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance of an etoro community member is not a reliable indicator of his future performance. Content on etoro’s social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of etoro – your social investment network.
Copyright © 2006-2021 etoro – your social investment network, all rights reserved.

No KYC forex brokers

Anonymous forex trading

If you want to trade forex without giving your personal information to your forex broker, the options are very limited. While in most situation people don't have a problem with sharing their information with their broker in order to trade with regulated companies and have a higher degree of protection, some people value their privacy more and want to trade anonymously. There are situations where anonymity has some advantages, and in this article we will show you which forex brokers allow you to trade anonymously.

No KYC forex brokers

In order to trade forex anonymously, the forex broker must accept traders and allow them to trade without doing the infamous due diligence also known as "know your customer" or simply KYC. Most brokers are forced to do a detailed KYC process because of regulation or because most payment providers will not allow them to accept payments from anonymous sources.

Fortunately, with cryptocurrencies such as bitcoin, brokers can now accept payments without having to deal with a payment provider. This means that by working via bitcoin or other cryptocurrency, a forex broker can receive deposits and process withdrawals without being forced to do excessive paperwork by the payment provider. This opportunity has created a small niche for forex brokers with no KYC requirements that will allow anyone to trade by providing only an email address.

Currently, we are aware of the following forex brokers requiring no documents and no KYC for clients who deposit via bitcoin:

Forex brokers with no verification and no documents required

There are some pros and some cons when using a forex broker that has no verification requirement and will not request documents from you before allowing you to trade.

Advantages:

- ultra fast set-up of the account. You can trade immediately.

- no risk of identity theft. Your identity and documents are not exposed to an offshore third party.

- no country restrictions. You can trade with an unregulated broker that offers high leverage no matter what country you are from and what are your local restrictions.

- anonymous earnings. If you earn money by trading forex anonymously, nobody will know about your winnings.

Disadvantages:

- A forex broker that allows its clients to trade without a KYC process will never be regulated. This means that you must use an unregulated broker if you want to remain anonymous.

- generally, there is less protection for your funds when dealing with an unregulated broker, but this doesn't mean the broker cannot be good. It is recommended to never keep funds in excess on your trading account. Since bitcoin deposits and withdrawals are very fast, you can keep your account funded only with the amount needed for day to day trading. Anonymous forex brokers offer high leverage, and this greatly reduces your capital requirements.

Risk warning: forex, CFD and crypto trading involves the risk of losing the entire invested capital. Never invest money you cannot afford to lose.

So, let's see, what we have: KYC (know your customer) guidelines are a prominent feature in financial systems. KYC is part of the wider anti-money laundering (AML) policies that reduce the risks in financial transactions. KYC refers to the process of verifying the identities of the individuals using a service, and in most countries, it involves providing some identification documents. At trading platforms without verification