How to Buy Bitcoin with No KYC or ID Verification?

Summary How to Buy Bitcoin with No Verification?

What are KYC and ID verification?
Best Crypto Exchanges with no KYC or ID requirements
How to Buy Bitcoin with No KYC or ID Verification?
Why are KYC and ID verification often required to buy Bitcoin?

1. What are KYC and ID verification?

Know Your Customer (KYC) and Identification(ID) verification procedures have been introduced to protect the financial system against fraud, corruption, money laundering, and terrorist financing.

On the contrary, Bitcoin was introduced to get financial freedom, where no 3rd party controls your financial transactions and property rights.

2. Best Crypto Exchanges with no KYC or ID requirements

In the table, you find some of the best Bitcoin and crypto exchanges where you can buy Bitcoin with fiat but without any KYC verification or ID requirements.

LocalCoinSwap P2P Exchange

LocalCoinSwap is a peer-to-peer multi-custodial crypto exchange that provides custodial and non-custodial trading for Bitcoin and more cryptocurrencies.

KYC is optional on LocalCoinSwap.

How to buy Bitcoin on LocalCoinSwap?

Go to LocalCoinSwap and SignUp
Click on the Register button to create your new account.
Here, enter your email address, username, and password.
If you have a referral code, dont forget to enter it here.
Click the Sign up button to complete the signup process.

Search for someone selling Bitcoin

Once you have created an account, the next step is to search for an advertisement selling Bitcoin.

Click Buy Crypto in the top menu.
I want to: Buy
Cryptocurrency: Bitcoin
Payment method: Search for a payment method
Location: Your location

Now, you will see all the available options to buy Bitcoin using your preferred payment method in LocalCoinSwap.

BitValve SignUp Bonus Get 10 BTV FREE

BitValve Summary

BitValve is a P2P Crypto Exchange where you can buy and sell around 20 cryptocurrencies.

Here, you can use over 300+ payment methods, from anywhere in the world.

In addition, you can trade up to $1000 with no ID or KYC requirements.

How to buy crypto on BitValve?

Go to BitValve and SignUp
Sign in to your Bitvalve account
Go to marketplace
Click on the Bitcoin symbol (or any other cypto you would like to buy)
Select your preferred payment method
Select what fiat currency you choose to pay with or leave it blank.
Now you can see all the available buying opportunities matching your query

ChangeNOW Buy Bitcoin with no KYC

ChangeNOW summary

ChangeNOW is a non-custodial crypto exchange that never holds the private keys.

ChangeNOW is integrated into multiple cryptocurrency exchanges, including Binance, Bitfinex, Huobi, OKEx, and Kucoin. At the moment of the trade, changeNOW, choose the best exchange rate on the market at any given moment, and offer it to you.

You do not need to register with any ID or KYC requirement; your exchange will be unlimited.

How to buy Bitcoin with changeNOW?

Go to ChangeNow and choose Bitcoin as the cryptocurrency to buy (50 000+ supported currencies)
Now, choose the third-party service you want to use. Simplex offers the best price in our case.
Fill in the details. Make sure to understand that the fee is relatively high.
Get your coins. Receive exchanged crypto at the best possible rate.

4. Why are KYC and ID verification often required to buy Bitcoin?

KYC has many advantages, even if there are also some significant privacy concerns.

The primary advantage of KYC is that crypto exchanges reduce the risk of handling illegal transactions such as money laundering, terror financing, avoiding sanctions, and more.

The primary disadvantage of KYC is that you cant make your transactions private, which can be vital, especially if you live in an authoritarian national state.

The post How to Buy Bitcoin with No KYC or ID Verification? appeared first on Cryptocointrade.

Text source: Cryptocointrade

Trading Platforms