Are you curious about buying cryptocurrencies, but you also know that you need to prove your identity before you can do so? This is because most of the platforms that enable crypto transactions (CEXs) have a verification process, also known as Know Your Customer (KYC).
However, only some people are comfortable with sharing their personal information with third parties, especially when it comes to dealing with digital assets. Some people may have privacy concerns, security issues, or other reasons for wanting to buy crypto anonymously. In this guide, we will explore how to buy crypto without ID and what are the features of these platforms.
Key Takeaways:
- The most common ways to buy crypto without ID are using peer-to-peer platforms, No-KYC exchanges, Bitcoin ATMs, prepaid cards, or cash.
- You can safeguard your personal data, prevent identity fraud, and dodge unwanted surveillance or targeting by buying Bitcoin without verification.
- No-ID crypto platforms may have certain drawbacks such as higher trading costs, lower liquidity, fewer trading products, and legal restrictions.
How to Buy Crypto Without ID
- Crypto exchanges
- MEXC: Best No-ID Verification Platform for Beginners
- Gate.io: Best For Buying Altcoins without ID
- OKX: Best for High Volume Traders
- Bybit: Best for leverage trading without ID Proof
- Bisq: Best for P2P Trades Without KYC
- Zengo: Best No-KYC Crypto Wallet
- ShapeShift: Best No-ID Decentralized Platform to Buy Crypto
- Phemex: Best for Crypto Withdrawals Without ID
- Bitcoin ATMs
Use Crypto Exchanges to Buy Bitcoin Without ID
1. MEXC: Best No-ID Verification Platform for Beginners
- KYC Verification: No ID verification is needed
- Withdrawal Limits: 20 BTC per day
- Trading Fees: No fee
- Deposit Methods: Debit/Credit Card, SEPA, and crypto
- Supported Coins: 1699+
MEXC is one of the best zero-fee crypto exchanges in the market. It is also a leading platform for trading digital assets such as Bitcoin, Ethereum, Altcoin, DeFi, NFTs, and more with real-time market data. MEXC offers over 1699 coins and 1946 trading pairs and handles more than $2 billion daily trading volume.
It has a Kickstarter program where users can support new projects and receive free airdrops. MEXC also supports Launchpad where users can access exclusive token sales and get early access to promising projects. You can deposit crypto using many third-party payment methods such as credit/debit cards, bank transfers, SEPA, and more.
Key Features
- MEXC Exchange has a simple and easy app for Android and iOS phones.
- You can trade many kinds of crypto coins on the spot, futures, and margin markets.
- It accepts various payment options for fiat currency in and out, such as card, bank, P2P, and third-party payments. It also supports USD, EUR, and GBP currencies.
- You can buy crypto without paying any charges in the spot and futures market.
- It is available in more than 200 countries with 6 Million users.
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2. Gate.io: Best For Buying Altcoins without ID
- KYC Verification: Requires basic documentation
- Withdrawal Limits: 100,000 USDT per day
- Trading Fees: 0.2% maker/taker fee
- Deposit Methods: Debit/Credit Card, P2P, and bank transfer
- Supported Coins: 1700+
Gate.io is one of the best altcoin crypto exchanges. You can trade over 1,700 digital coins and tokens, like BTC, ETH, DOGE, etc. It has many features such as spot trading, futures trading, margin trading, lending, HODL & Earn, startup projects, and more.
Gate.io protects your assets with cold storage, 2FA, SMS verification, anti-phishing codes, etc. It also has a user protection fund to cover any losses from system errors or hacks. The exchange has its native token GT (Gate Token). You can use it for discounts, voting, and other benefits.
Key Features
- It allows around 15 fiat currencies from over 150 countries.
- You can earn extra rewards using crypto earning products such as liquidity mining, crypto lending, and staking.
- User-friendly interface and mobile app for beginners.
- High trading volume and liquidity on the spot market.
- It charges low trading fees, up to 0.2%, and has various ways to lower them.
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3. OKX: Best for High Volume Traders
- KYC Verification: Requires basic ID verification
- Withdrawal Limits: 10 BTC per day
- Trading Fees: 0.08% maker and 0.1% taker fee
- Deposit Methods: VISA, MasterCard, ApplePay, bank transfer, etc.
- Supported Coins: 334+
OKX is a crypto exchange that provides various crypto-related services and products. You can trade and earn with many tokens and pairs on OKX. You can also discover Web3, invest in DeFi and NFTs, and use lending and mining services.
It has low fees, fast transactions, high security, and advanced APIs. OKX also has its own token called OKB, which gives users special benefits and discounts on the platform. You can start with $5 and invest more as you learn. It also has its Web3 crypto wallet to store your assets anonymously. You can read our full OKX review for more information.
Key Features
- It supports spot, margin, futures, options trading, perpetual swaps, DeFi, lending, and mining.
- You can buy crypto for as low as $5 and explore Web3, NFTs, and more with the mobile app and wallet.
- OKX exchange has a transparent proof of reserves system that ensures the security and transparency of user funds.
- High trading volume and liquidity in the markets.
- It supports crypto copy trading for beginners to learn and copy expert traders.
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4. Bybit: Best for leverage trading without ID Proof
- KYC Verification: Not required
- Withdrawal Limits: 20,000 USDT per day
- Trading Fees: 0.1% maker-taker fee
- Deposit Methods: Debit and credit cards, in-person cash payments, etc.
- Supported Coins: 850+
Bybit is another best no-KYC crypto exchange. It is a platform for trading crypto assets, such as BTC, ETH, USDT, and more. You can trade spot, derivatives, and options with one unified account. It has a simple app and web interface, and an API for advanced users.
Bybit has more than 18.8 million users, covers over 160 countries, and has a 24/7 support team. It cares about compliance and user safety, with steps such as triple-layer asset protection, privacy protection, 2FA, address whitelisting, etc. Here is our full Bybit review.
Key Features
- It has a ByStarter program that allows you to discover and invest in the best new tokens before they become mainstream.
- It enables you to follow top traders and earn from their strategies without having to do the research or analysis yourself.
- Stake your coins safely and get rewards for holding them on Bybit’s platform.
- You can automate your trading with ease by using predefined or custom strategies that suit your preferences and goals.
- Bybit card is a feature that gives you the convenience of paying with crypto anywhere in the world by converting your crypto to fiat instantly.
Don’t miss out on Bybit’s offer! Use code “59618” while signing up and earn up to $30,000 in Deposit Rewards and other sign-up rewards.
5. Bisq: Best for P2P Trades Without KYC
- KYC Verification: Not required
- Withdrawal Limits: depends on withdrawal method
- Trading Fees: 0.65% per trade (0.075% by maker and 0.575% by taker)
- Deposit Methods: SEPA, bank transfer, WeChat Pay, crypto, and more.
- Supported Coins: 20 trading pairs
Bisq is one of the best Bitcoin exchanges that is decentralized, secure, private, and resistant to censorship. It lets you trade Bitcoin for fiat money and other crypto coins online. It is not a site or an app, but software that you install on your own device, which connects to other users to make trades.
It supports many payment methods for users globally. You can use HalCash, AliPay, and MoneyGram as payment methods. Credit cards, PayPal, Venmo, and Cash App are not supported. You can also send or receive crypto directly on Bisq. There is no fee for crypto deposits. A drawback of using Bisq is its low volume, which makes it hard for high-volume traders.
Key Features
- You can start trading in minutes, without any approval from a central authority (No-ID check).
- Highly decentralized due to trading happening on a global peer-to-peer network of users running Bisq on their own machines.
- Bisq never controls your funds. Deposits are locked in 2-of-2 multisig wallets that ensure fair, successful trades.
- Your data is stored locally on your disk and is never sent to a central server. Every Bisq node uses Tor by default to hide its identity.
6. Zengo: Best No-KYC Crypto Wallet
- ID Verification: Not required
- Withdrawal Limits: $10K daily for bank deposits
- Buying Fees: 1.99%-4% depending on payment methods
- Deposit Methods: Banxa, MoonPay, Wire transfers, SEPA, OSKO, etc.
- Supported Cryptocurrencies: 120+
ZenGo is a mobile crypto wallet that lets you buy, sell, swap, store, and send over 120 crypto coins and NFTs without any ID verification. It is also very safe to use, thanks to its unique MPC (Multi-Party Computation) technology.
To buy crypto with ZenGo Wallet, you just need to install the app from the App Store or Google Play, create an account with your email address, and set up your 3D FaceLock. Then, you can choose from various payment options, such as bank transfer, MoonPay, credit or debit cards, or Google Pay, to purchase Bitcoin and other cryptocurrencies.
Key Features
- It is a keyless (no seed phrase) crypto wallet.
- It lets users restore their Bitcoin wallet with their email account, 3D FaceLock, and a backup file.
- The wallet has an inheritance option where you can transfer crypto assets to a trusted person in case of death or incapacity.
- It enables users to store, view, and use NFTs in their wallets.
7. ShapeShift: Best No-ID Decentralized Platform to Buy Crypto
- ID Verification: Not required
- Withdrawal Limits: up to $10,000 per transaction and $50,000 per month
- Trading Fees: No Fees
- Deposit Methods: crypto only
- Supported Cryptocurrencies: 10k+ assets on 13 blockchains
ShapeShift lets you do many things with crypto without asking for your ID or sign-up. It is a platform that the community runs and owns. It is open-source, private, and non-custodial. It works with many blockchains and you can link your wallet to ShapeShift and use various DeFi services. For example, you can swap, buy, and stake crypto and also get FOX tokens as rewards. These tokens let you have a say in the ShapeShift DAO.
You need a wallet that works with ShapeShift, such as MetaMask, Ledger or Trezor. You can also use the ShapeShift app on your phone. When you link your wallet, you can see all your assets and chains in one place. ShapeShift does not take any fees for these services. You only pay the network fees to the miners or validators of each chain.
Key Features
- Trade, track, buy, and earn over 10,000 digital assets on 13+ chains.
- You can connect your KeepKey hardware wallet for cold storage.
- Stake your assets on various protocols and earn crypto rewards.
- Hold FOX tokens and join the ShapeShift DAO. You can make and vote on proposals that shape the future of the platform.
8. Phemex: Best for Crypto Withdrawals Without ID
- ID Verification: Not required
- Withdrawal Limits: 50,000 USDT every 24 hours
- Trading Fees: 0.1% maker/taker
- Deposit Methods: Bank ACH, Wire transfer, Credit cards, etc.
- Supported Cryptocurrencies: 272
Phemex is a top crypto exchange that offers both spot and derivatives trading. You can trade over 151 USDT-margined contracts with up to 100x leverage. You can also trade over 272 popular spot pairs.
Phemex has many ways to make money, such as Crypto Savings Accounts, Launchpool, and Prediction Markets. You don’t need ID verification to use Phemex. You just need an email address to sign up and start trading crypto anonymously. You can also pay with different methods, such as P2P, credit cards, or bank transfers.
Key Features
- You can settle your altcoin perpetual contracts in USD, which makes it easier for beginners to trade crypto.
- It supports different order types such as Take Profit, Stop Loss, Reduce Only, and Post Only to manage your risk and strategy.
- You can grow your crypto assets by earning interest up to 18.8% APY.
- It has a secure and user-friendly mobile app that lets you trade crypto on the go.
Use Bitcoin ATMs to Buy Crypto Without ID Verification
Step 1: First, find a Bitcoin ATM that does not ask for ID. You can use the Bitcoin ATM map or the website [Coin ATM Radar] to search for them. Look for the option “No verification ATMs”.
Step 2: Next, go to the Bitcoin ATM and choose to buy Bitcoin. Then, enter your Bitcoin address or make a new one from the Bitcoin ATM. This is where your Bitcoin will go.
Step 3: After that, put cash into the Bitcoin ATM. The amount of cash you can put may be different for each machine and operator. Some machines may have a limit for each transaction or each day.
Step 4: Finally, confirm the transaction and wait for your Bitcoin. The transaction may take some time to be confirmed on the blockchain. You can check the status of your transaction using a block explorer such as [blockchain.com].
Final Thoughts
To sum up our guide on how to buy crypto without ID, you can use various methods such as No-KYC platforms, DEXes, and Bitcoin ATMs. Some of the benefits of buying crypto without ID are avoiding the risks of identity theft, government interference, tracking, or taxation.
However, you should also be aware of the drawbacks and challenges of buying BTC without ID, such as fewer choices, higher costs, lower availability, and legal ambiguity. Therefore, you should always do your homework and be cautious when selecting a platform or method to buy crypto without ID.
FAQs
Can I buy Bitcoin anonymously?
Yes, you can buy Bitcoin anonymously without showing ID Proof. You have two options: using a DEX or No-KYC Exchange or a Bitcoin ATM. A DEX is a service that connects crypto buyers and sellers directly, without any middlemen or verification. A Bitcoin ATM is a device that lets you insert cash and get BTC on your Bitcoin addresses, without giving any personal data. However, these options have some drawbacks, such as low availability, high fees, or low volume.
Why make anonymous Bitcoin transactions?
There are many reasons why you might want to make anonymous transactions without revealing your identity. Some of them are:
- Privacy: You value your privacy and do not want anyone to know your identity or financial activities, especially third parties like banks, governments, or companies.
- Security: You are afraid that your personal data might be hacked, stolen, or misused by bad actors, such as identity thieves, scammers, or hackers.
- Freedom: You want to have more power over your money and avoid censorship, surveillance, or limits imposed by authorities or intermediaries.
- Innovation: You want to try new technologies and explore the potential of decentralized and peer-to-peer systems.
Can I buy crypto on Binance without ID verification?
No, Binance has recently updated its verification policy and now asks all its users to finish the intermediate verification process to access the full range of its products and services, including cryptocurrency deposits, trades, and withdrawals. Binance says that this is to follow the anti-money laundering and counter-terrorism financing rules in different countries.
Is it safe to buy crypto without ID?
Yes, Buying crypto without ID can be safe if you take some basic precautions, such as:
- Use a trusted and secure platform or service that does not store your personal or financial data and protects your transactions with encryption and other security features.
- Use a safe and reliable crypto wallet that lets you control your own private keys and backup your funds often.
- Use a VPN or Tor browser to hide your IP address and location from snooping eyes and potential hackers.
- Use a new and different crypto address for each transaction to avoid linking your identity to your previous or future transactions.
- Use a crypto mixer or tumbler to hide the source and destination of your funds and break the traceability of your transactions on the blockchain.
Can I buy Bitcoin with a credit card without verification?
You can buy Bitcoin with a credit or debit card without verification using some P2P platforms that allow for card transactions, such as LocalBitcoins, Paxful, and LocalCoinSwap. These platforms let you pay directly for crypto without any verification or giving any personal details.
