Home > Best Bitcoin Exchanges Without Verification

Best Bitcoin Exchanges Without Verification

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.

1
Min. Deposit
$50
Exclusive promotion
Our score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Exclusive promotion
Our score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
Cryptocurrencies
Full regulations list:
3
Min. Deposit
$20
Exclusive promotion
Our score
8.7
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:

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

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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