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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
$1
Exclusive promotion
Our score
10
FCA regulated crypto exchange with 4500+ digital assets available for trading
Supports users from over 100 countries including the US and Canada
Withdraw your funds using PayPal or other payment methods
Start Trading
Description:
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Full regulations list:
2
Min. Deposit
$10
Exclusive promotion
Our score
9.3
24/7 Support for all Traders
Trade Margins, Indices & Futures
Highly-rated mobile app with super low rate fees
Start Trading
Description:
As one of the largest and oldest Bitcoin exchanges in the world, Kraken is consistently named one of the best places to buy and sell crypto online, thanks to our excellent service, low fees, versatile funding options and rigorous security standards -- but this is only part of the story. We’ve been on the forefront of the blockchain revolution since 2011.
Payment Methods
Credit Card
Full regulations list:
3
Min. Deposit
$50
Exclusive promotion
Our score
8.7
Safe & Secure cryptocurrency exchange
Impressive limits
Liquidity Accepted in over 200 countries
Start Trading
Description:
Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.
Payment Methods
Credit Card
Full regulations list:
4
Min. Deposit
$100
Exclusive promotion
Our score
8.5
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Start Trading
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies.
Payment Methods
Credit Card, PayPal, Skrill, Bank Transfer
Full regulations list:
FCA, CySEC, ASIC, MAS, FSA, ISA
76.4% 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. Plus500 does not offer cryptocurrency purchases but only allows CFD trading.

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.