Paxful P2P Cryptocurrency Marketplace
- No ID for trades up to US$1,500
- 300+ payment methods
- Set your own offer terms
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
As lawmakers in the US and around the world gradually introduce tighter regulations on cryptocurrency trading, it’s becoming more difficult to buy crypto without ID.
However, if you don’t have suitable proof of ID or if you simply value your privacy, there are still some sites where you can buy cryptocurrency without completing a verification process.
Keep reading to find out how.
Compare cryptocurrency exchanges by fees, fiat currencies and deposit methods to find the right fit for your needs. Click Go to site to get started.
Some exchanges have different thresholds for verification requirements. For example:
If you want to buy cryptocurrency without ID verification, there are only a few options to choose from:
These platforms, such as LocalBitcoins and Paxful, allow you to interact directly with other users who want to sell their crypto. Many sellers don’t require you to provide any ID before you buy, so you can arrange to meet up in person and pay cash to a local seller. Online trades are also available, but many of the payment methods used for these trades may be linked to your identity.
There’s a widespread misconception that cryptocurrencies are simple to purchase anonymously, but this simply isn’t true for a couple of reasons:
Regulators around the world are gradually introducing legislation that governs digital currency exchanges and the buying and selling of cryptocurrencies. While the US is still a fairly unregulated country when it comes to cryptocurrency, US-based exchanges often require ID verification so that they’re able to operate globally.
Because it’s possible for bitcoin users to send and receive BTC to one another without providing proof of ID, the currency is sometimes described as being anonymous. However, a more accurate way to refer to bitcoin is as a pseudonymous currency.
One commonly repeated comparison likens transacting with bitcoin to an author writing under a pseudonym — if their true identity is ever discovered, anything they wrote while using the pseudonym can be linked directly to them.
Your bitcoin address is like an author’s pseudonym, and every BTC transaction you make is stored for all eternity in a public ledger known as the blockchain. So if your bitcoin address is ever linked to your identity — something cybersecurity researchers say is quite straightforward to do — all your transactions could be traced back to you.
In the court of public opinion, there’s a widely held belief that the main reason anyone might want to buy cryptocurrency anonymously is so they can pay for all manner of illicit goods and services in the hidden corners of the dark web.
But while there’s definitely some truth to this idea — after all, anyone involved in illegal activities would have good reason to want to cover their tracks — there are also plenty of legitimate reasons why someone might want to buy bitcoin or some other crypto without any ID.
Finally, there’s also the simple fact that the ID verification process on some platforms can be frustratingly slow, particularly during times of increased demand. If you want to purchase crypto as fast as possible to take advantage of an anticipated price change before it occurs, buying without ID verification might be a quicker option.
If privacy is important to you, there are several steps you can take to protect your identity when sending and receiving cryptocurrency. These include:
Whatever your reason for wanting to buy crypto without ID, there are several options available. However, each of those methods comes with a varying level of risk and its own pros and cons, and you’ll usually need to pay an additional premium to get the privacy you want. Make sure you research all of your options before deciding on the safest approach.
Disclosure: As of October 2018 the author holds ADA, ICX, IOTA, POWR and XLM.
Two trading platforms for beginners with no commission fees or bells and whistles. But which one comes out on top?
Bitcoin is down 5% over the last couple of weeks even as the flagship cryptocurrency’s native node count is currently at an all-time high.
Want to buy bitcoin but don’t know where to start? This comprehensive guide provides step-by-step instructions on how and where to buy BTC in the US.
Discover which exchange is better suited to cryptocurrency trading after comparing things like fees, security and features.
Vitalik Buterin transferred more than $1 billion in SHIB to charity, but… what is Shiba Inu?
All you need to know about Metamask – the browser extension digital wallet and a user-friendly bridge to the world of Ethereum decentralised applications.
A beginner’s guide to buying and selling this decentralized, peer-to-peer cryptocurrency.
Venmo provides a convenient way to send money to friends, and now users can buy cryptocurrency like Bitcoin with as little as $1.
We compare Coinbase and Coinbase Pro side-by-side so you can see the differences in fees, features, supported cryptocurrencies and more.
Tesla liquidated 10% of it’s Bitcoin holdings to “prove the cryptocurrency’s liquidity as an alternative to holding cash.”
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.