Buy Bitcoin Without ID & Verification - Here is How

Dear Paybis customers,

In the last couple of years, central institutions have made it a lot harder to buy Bitcoin anonymously.

Most cryptocurrency exchanges that allowed users to buy BTC with no ID are no longer doing so. This happens because it is now mandatory for all licensed cryptocurrency exchanges to operate with a specific set of guidelines. Following the rules and regulations of the EU and the US, it is now required for all platforms to verify their users' identities before a transaction is started.

Buy Bitcoin without ID - Is there another way?

While you cannot avoid the verification, there are platforms that are trying to optimize the time required to verify your details. Verification processes are known to be notoriously slow for many popular exchange platforms and are often rejected for no reason whatsoever. The same is not true for Paybis.

Paybis - The best option

 

 

Ever since its creation in 2014, Paybis has been focused on providing the best customer experience and a large selection of payment methods. It also offers constant support through a live chat that is available 24 hours per day. But that is not all - Paybis also believes that the verification process should take no longer than 5 minutes to complete.

The process users need to undergo in order to verify their account is not nearly as complicated as most platforms out there. As soon as you start a new transaction (being a new user), you will be asked to provide some basic personal information and a copy of your ID document.

That's all!

Our team of experts will instantly review the submitted document so you can continue the buying process without any interruption. The whole process usually takes 3-5 minutes to complete and all followup transactions will not require your personal information.

Buy crypto without ID - Is there any other option?

So what if you really need to exchange your crypto without providing any personal information? This can be tricky. All regulated platforms will not offer such option - and regulated platforms are the only exchanges that have a license to operate legally. As such, they are the only trustworthy options out there.

That being said, if you are willing to take a risk, there are several P2P exchanges that allow their users to exchange (a limited amount of) crypto without ID verification. You can also use Decentralized Exchanges (DEX), but those generally don't support any crypto to FIAT trading pairs.

So, let's take a brief look at some potential alternatives.

1. BISQ - Decentralized exchange for crypto to fiat trades

Bisq is a non-custodial exchange, so there is no escrow to safely hold your coins. Instead, transactions happen on a contract basis.

What this means is that two parties come together, form a contract, and abide by it. If one of the two parties does not fulfill his end of the contract, a dispute is opened and they will have to work it out between each other.

If no solution is found, the funds and/or BTC are donated to Bisq.

While this may sound like a surprisingly risky method to buy Bitcoin without verification the platform's users find it to work great, and its popularity is growing.

This is because users don't even have to sign up for made trades, not to mention giving out their phone numbers. It goes without saying that there is a high amount of risk involved when performing such trades.

3. HodlHodl - Not available for US customers

HodlHodl is pretty similar to LocalBitcoin in that they act as an escrow when making transactions directly with other users.

To this day, the platform has not implemented a KYC process and users can safely trade while maintaining their privacy.

The platform even removes trading fees on certain occasions to further promote their exchange as a viable option.

Finally, it is important to remember that HodlHodl does not hold your coins in their wallets. Instead, they have a multisig key.

So in the case of a dispute, they can always release the coins in favor of the seller or deliver to the buyer.

4. LocalCryptos - Non-custodial platform

This non-custodial P2P platform allows users to buy unlimited amounts of Bitcoin and Ethereum using fiat currency and there is a wide selection of payment methods to choose from.

The platform currently supports more than 100 countries from all over the world and has more than 10000 users.

5. LocalBitcoins - Exchange with other users directly

LocalBitcoins has been a staple for quite some years. Most users conduct trades on the platform signing up with nothing but a phone number.

Now, depending on the country you reside in, you may be able to buy phone numbers from a supermarket, and use them without going through any form of identity verification.

While there used to be no limits for transactions on their platform, LocalBitcoins recently limited unverified Bitcoin purchases to $1000 USD per year (as from 1st October 2019).

While this amount is not that big, it still gives you the opportunity to get your hands on some crypto by using many different payment methods.

Here is a handy video tutorial to help you out:

A note of caution

When trading on P2P exchange platforms, you will have the opportunity to exchange your cash for Bitcoin, by meeting buyers in real life.

While this payment method is by far the most private, it is somewhat risky. You may want to buy Bitcoin with paper money but you never know who you're dealing with. In some cases, the people you meet in real life may be scammers or even criminals.

As such, make sure that your trades always occur in public places and make sure that the person you trade with sticks around until your funds have been delivered.

Buy Bitcoins without Verification - Physical Stores

In this section, we will talk about a viable alternative that can be used if online transactions are not an option. More specifically, we will talk about physical locations (stores) that can help you with your BTC transactions.

Some of these stores allow users to buy Bitcoin without ID. Here they are:

7. CryptoCash - Riga, Latvia

CryptoCash is the official crypto embassy of the Baltic states. Not only do they help the local population buy and sell Bitcoin, but they also host an array of events.

When visiting the store, you are able to buy Bitcoin without ID, for amounts worth 1000 Euros or less.

The store also sells crypto merchandise and has dedicated personnel to help people with all the confusing tasks, such as setting up your hardware wallet, making transactions online, and more.

You can find and follow CryptoCash through their official Facebook page.

8. The Bitcoin Store - Split, Croatia

Located in Croatia, BitcoinPit (or Bitcoin Store) is one of the rather popular stores for buying and selling cryptocurrency.

The store has managed to grow in popularity over the past few years and now allows users to buy 12 different cryptocurrencies with cash, cards and other payment methods.

The staff is passionate about cryptocurrency and helps people better understand and buy Bitcoin.

According to their website, which is currently in German, investors can buy BTC without any form of ID verification, for amounts up to 2000 Euros (or 15000 Croatian Kuna).

9. The House of Nakamoto - Vienna, Austria & Amsterdam, The Netherlands

The house of Nakamoto is more than just a Bitcoin store. It is a state-of-the-art location for cryptocurrency enthusiasts.

Not only are people able to buy Bitcoin from the store's ATM, but they can also invest in Bitcoin gift cards for up to 250 Euros.

Additionally, the store has created a "starter kit" for beginners, which consists of a basic hardware wallet, a Bitcoin guide and an additional gift card of 15 Euros.

Moreover, the house of Nakamoto offers the possibility of buying bitcoins in the form of a physical bitcoin security. This means that they create and store a paper wallet, in the presence of a notary, for significant sums of money.

10. Coinsfera - Turkey, UAE, Ukraine


With 3 different branches and 20 employees around the world, Coinsfera allows people to buy Bitcoin with cash and gives consultation services to those interested.

It is well known for its OTC (over the counter) exchange option, which allows large sums to be traded without affecting the market price of BTC.

The company supports more than 500 cryptocurrencies, which can all be bought through a number of different payment methods, and is available on multiple channels for direct communication.

The unverified limits for crypto purchases depend on the country, and it's best to contact the company directly, to get a quote.

Exchange Bitcoin Anonymously - Online Stores

Apart from physical stores, you can also buy and sell Bitcoin with the help of online stores. These may come in handy if the above options do not work for your location.

11. BitQuick - Best for cash purchases in the USA

BitQuick is a relatively unknown service that allows users to buy Bitcoin without ID, as long as the amount they want to spend is lower than $400. The process is somewhat complicated, so here is a short description of the steps required:

  • Pick an offer from the available options, provide your email address and submit.

  • Visit any local branch of the sellers' bank and deposit the sum in cash.

  • Fill out a deposit slip and upload it to the link provided in your email.

  • Once the payment is verified, you will receive your Bitcoin within a 3-hour timeframe.

Note that certain payment options are not accepted so you might need to carefully read through the FAQs of the page before starting any transaction.

12. Coincorner - Easy and convenient


Coincorner is a UK-based online store that allows users to exchange Bitcoin. The company, which was first formed in 2014, does not require its users to pass KYC as long as the amount they want to spend is less than 900,- GBP.

What's more, you can download an e-bank card as a mobile app, where you are able to deposit the funds on and make unlimited trades.

Apart from Bitcoin, the company allows users to purchase multiple cryptocurrencies, including Ethereum and Litecoin.

Use a Bitcoin ATM instead

Bitcoin ATMs are a great way to buy Bitcoin, especially for people who wish to stay away from exchange platforms.

They offer the possibility of cash payments and will always support your local currency, which adds to their convenience. All you need to do before you buy your coins is to create a Bitcoin wallet.

Bitcoin ATMs come in different shapes and sizes and are created by different companies around the world. Therefore, you will most often see different designs for each device.

While there is an ongoing effort to implement verification processes to these ATMs, most will not ask for your personal information.

In most cases where verification is needed, the only thing that will be asked from you is to verify your phone number.

That's all!

So, after that is done, what is the best way to discover and make use of a Bitcoin ATM near you?

For starters, you can visit CoinATMradar. The website contains a map with pinned locations. All these locations represent Bitcoin ATMs, and they are presented with detailed information.

 

Click on one of the ATMs and you will be able to see more information about the specific device.

You will get to know the limits of each device, what verification methods are needed, if any, how to best reach the location, and the times of availability for the customer support.

Most often, ATMs will allow single Bitcoin purchases up to $1000 without ID verification.

Ready to buy crypto without ID?

The process may seem daunting at first but is actually pretty easy to follow. All you need to do is get accustomed to the methods described in this article.

The only option that allows unverified Bitcoin purchases for up to $10.000 per year, is Paybis.

Thanks to our near-perfect TrustPilot score - which is probably the highest among other cryptocurrency exchanges on this list - choosing Paybis the obvious choice.

The exchange is built to provide instant, easy and smooth transactions for users of all experience levels.

And if questions still remain, our 24/7 live support is also here to assist you with any problems you encounter. You can reach out via email, phone or by using the live chat option.

So, if you are looking to purchase Bitcoin without ID verification, the options presented here are your best bet.

Make sure you read through our FAQs, to better prepare for your purchase.

Frequently Asked Questions

Closing, we would like to touch upon some of the most commonly asked questions from our community, when it comes to purchases without ID verification.

Why do people prefer to buy Bitcoin without ID?

There are many reasons for which someone may not want to give their personal information to a third party. These include:

  • The time needed for some exchanges to verify your identity

  • Customers' trust towards an exchange platform

  • Inability to buy with ID due to an individual's location

  • Strong preference to maintain anonymity

What is the best way to exchange BTC without ID, on P2P exchanges?

Many people tend to avoid the use of cash trades due to the risks involved. In this case, the best exchange methods would include bank transfers, e-money services, and gift cards.

The platform that has the most options when it comes to e-money services is LocalBitcoins. However, the one that has the highest limits for purchases made through e-money services is Paybis.

Why is it difficult to buy crypto without ID?

Most people tend to think that cryptocurrencies are always bought anonymously. This simply isn't true for the following reasons:

  • Regulated space - as aforementioned, regulatory parties are now imposing new limitations on cryptocurrency exchanges. This is especially true for exchanges that are based in the United States, as they require more governmental certifications to be qualified as an exchange.

  • Pseudo-anonymity - Bitcoin is not truly anonymous. Users send and receive Bitcoin by providing their public keys, which are described as an anonymous tag. However, a better term to describe BTC would be a currency that provides pseudo-anonymity.

An easy way to understand this transaction method is by looking at authors that write under a pseudonym. If the identity of the real author is discovered to be linked with the pseudonym, all their previous work will be instantly linked to them.

Your public address is like that pseudonym. Every transaction you make with Bitcoin is stored on the blockchain forever. So, if your identity is linked with a public address (and thus whitelisted) - all previous transactions can easily be linked back to you.

Is it safe to verify my ID?

With most exchanges, verifying your ID is a perfectly safe practice to follow. You will not only be able to make future transactions much faster but you will also qualify for higher limits.

That being said, some exchanges have been the victims of hacking. From this list, the only platform that has been hacked in the past is BitQuick. While the platform claimed that no personal information was stolen, it is best to be very careful when conducting trades on that platform.

Are there other methods to buy BTC and avoid ID verification?

The methods described above are the safest and most common options. The only way you could trade Bitcoin in full privacy is by trading directly with friends and relatives. However, even though your identity will stay off the records, one cannot say that this method is fully private.

Are there other ways to protect my privacy?

If you value your privacy, there are several best practices that you can implement every time you exchange cryptocurrency. These are:

  • Using a new Bitcoin address for each transaction - A new address is a great way to eliminate the possibility of tracking multiple transactions back to you. Popular hardware wallets, like the Trezor and Ledger are also known as Hierarchical Deterministic wallets (HD). This means that you can create a new BTC address every time someone sends you Bitcoin.

  • Implementing different Bitcoin wallets - One more way to protect your privacy when transacting with crypto is to create and use a number of different wallets.

  • Bitcoin Mixing services - These types of services group together payments of several users into one transaction. It is based on a privacy method more commonly known as CoinJoin, and makes it much more difficult to understand the person behind the transaction.

  • Using a VPN service - Hiding your IP is a great practice when dealing with cryptocurrencies. An IP is a unique address linked to the computer you are using to access the internet. There are free services you can download and use to change this address and make it seem as if you are using the web from another country. The most popular and one used even before Bitcoin was created, is Tor.

  • Trade with privacy coins - Coins like Z-Cash, Monero, and Bytecoin are built with privacy features implemented in them. Thus, by using these to make a transaction, you can better maintain your anonymity.
     
  • Use common sense when making transactions - There are several practices you can follow that don't require specific knowledge. Think about the things you do in your daily life that could give away your identity. Avoid giving your phone number to third parties that you exchange crypto with. Make sure your phone number is not linked to your identity. Finally, always think twice before sharing personal information with people you don't know or don't trust.