How to buy crypto without ID

Key Takeaways

• Buying crypto without ID is possible through certain crypto exchanges that do not require KYC verification.
• Bybit is a recommended exchange for purchasing crypto without ID, offering a wide range of coins and low trading fees.
• KuCoin provides a wide range of cryptocurrencies to trade without ID verification, with low fees and additional features like trading bots.
• Bisq is a decentralized exchange where you can buy Bitcoin without ID, providing anonymity and a range of payment methods.

#1. Bybit: Best exchange to buy crypto without ID

Bybit stands out as my preferred choice for purchasing cryptocurrency anonymously, without requiring ID verification. This globally recognized crypto exchange boasts a substantial user base of over 10 million and facilitates more than $10 billion in trading volume daily. It offers a wide array of cryptocurrencies, with more than 280+ coins available for trading. The platform enables users to easily buy crypto using various payment methods such as credit/debit cards, Google Pay, Apple Pay, or bank transfers. While the selection for direct purchases on Bybit includes popular cryptocurrencies like BTC, ETH, USDT, and others, users can also buy USDT and then trade it for other desired coins on the exchange.

Bybit is known for its competitive fees, charging only 0.1% for spot trading. Those interested in derivative trading will find even more attractive rates, with maker fees at 0.01% and taker fees at 0.06%. Additionally, the platform offers the option of margin trading with up to 100x leverage, appealing to traders seeking high-risk, high-reward opportunities.

The platform's high liquidity, impressive trade speed of 100,000 trades per second, and a demo mode contribute to its popularity among traders. However, it's important to note that Bybit does not serve US residents and restricts access based on IP addresses. Nevertheless, since it does not require ID verification, users in restricted regions can potentially use a VPN to bypass these geographical limitations. For instance, setting a VPN location to a country like Australia would allow access to Bybit's services for buying crypto without ID verification.

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#2. KCEX: Best exchange to trade crypto without ID

KCEX has gained recognition as the best crypto exchange for trading without ID verification, mainly due to its commitment to user privacy and security. Their robust security measures ensure that the lack of KYC does not leave users vulnerable to threats. The exchange employs state-of-the-art security technologies, including encryption and multi-factor authentication, to protect user assets and data. Despite the anonymity provided, KCEX manages to maintain a high level of trust among its user base by ensuring that their funds are safeguarded against unauthorized access and cyber threats. This comprehensive approach to security, combined with the ease of trading without ID verification, solidifies KCEX's position as a top choice for privacy-focused crypto traders.

Another significant advantage of KCEX is its user-friendly interface, which caters to both novice and experienced traders. The platform offers a seamless trading experience with easy-to-navigate tools and dashboards, which can be particularly beneficial for users who are new to cryptocurrency trading. Furthermore, the absence of ID verification does not compromise the range of features and functionalities offered. Traders have access to over 80+ popular cryptocurrencies, advanced trading options, and low fees. For spot trading, the fees are 0%! Futures trading fees are 0.0/0.02% which is the lowest among no-KYC exchanges.

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#3. KuCoin: Buy a wide range of coins without ID

If you want to learn more about KuCoin before signing up, read our comprehensive review article, and you can also see our comparison of KuCoin vs Bybit to decide between these two exchanges.

KuCoin is an ideal platform for those seeking to purchase a diverse range of cryptocurrencies without the need for ID verification. As one of the world's largest and most popular crypto exchanges, KuCoin boasts a user base of over 30 million and offers a wide variety of 700+ coins for trading. The platform is known for its low spot trading fees, set at just 0.1%, with an additional 20% discount available for users who opt to pay fees using KuCoin's native coin, KCS. For direct crypto purchases using fiat currency, the fees vary between 3-5%, depending on the third-party payment provider chosen.

KuCoin also stands out for its free trading bot service, a highly appealing feature for traders interested in automating their strategies. These bots enable users to efficiently capitalize on market movements, even when they are not actively managing their trades. The range of bots offered includes Spot Grid, Futures Grid, Smart Rebalance, DCA, and Infinity Grid, catering to various trading preferences and strategies.

For those looking to gain a deeper understanding of KuCoin before committing, see my comprehensive review that provides detailed insights into the platform. Additionally, comparisons between KuCoin and Bybit are also accessible, helping potential users make informed decisions based on their specific trading needs and preferences.

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#4. Margex: Best for margin trading without ID

Margex is a noteworthy choice for those looking to buy cryptocurrency without ID, offering a platform where users can maintain complete anonymity. The exchange allows for the purchase of crypto using debit or credit cards, adding to its convenience. Beyond just purchasing cryptocurrencies, Margex specializes in margin trading, catering to traders looking for higher-risk, higher-reward opportunities.

A key strength of Margex is its commitment to security. The platform stores 100% of users' cryptocurrency in cold storage, which is offline, significantly reducing the risk of hacking and theft. Additionally, Margex has developed an innovative system called MP Shield, designed to prevent price manipulation. This system employs a combination of AI algorithms, continuous monitoring for suspicious trading activities, and liquidity sourced from over 12 providers, ensuring a fair and secure trading environment.

However, one limitation of Margex is its relatively limited selection of cryptocurrencies. The platform offers just 13 coins, including major ones like BTC, ETH, LTC, and SOL. While this covers some of the most popular cryptocurrencies, it might not be suitable for those interested in a broader range of investment options.

For those interested in joining Margex, there is an exclusive promotion available through this unique link. New users signing up via this link can receive a $100 bonus for free, plus an additional 15% bonus on their first deposit. To learn more about Margex and to take advantage of this offer, interested individuals can click here.

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#5. PrimeXBT: Best for CFD trading without ID

PrimeXBT is a unique option, as it allows you to purchase CFDs (contracts for difference) without ID. There are over 40+ cryptocurrencies available, as well as traditional financial markets, such as forex, indices, and commodities. This makes it a great choice for those who want to diversify their investments from solely crypto. When you trade CFDs it also means that you can 'short crypto' (bet on the price of crypto to fall), which may be an attractive option in a bear market. 

PrimeXBT also offers a feature called 'Covesting', also known as copy trading. It is easy to automatically copy the trades of the best investors, and reap the rewards at the same time that they do. It is a great tool for investors who do not have time to research and study the market.

PrimeXBT's fees are very low, at only 0.05%, but keep in mind that you are margin trading CFDs. You do not actually own any cryptocurrency when you buy a CFD.

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#6. Bisq: Decentralized BTC exchange without ID

Bisq represents a unique option in the cryptocurrency exchange landscape, especially for those seeking to buy Bitcoin anonymously without ID. As a fully decentralized exchange, Bisq offers complete anonymity, not even requiring users to provide a name. This high level of privacy is further bolstered by the use of Tor, enhancing security and anonymity.

A key aspect of Bisq's approach to security is its policy of not storing any crypto or fiat assets on its servers. This decentralized structure significantly reduces the risk of hacks and thefts commonly associated with centralized exchanges.

Bisq supports a wide array of payment methods, with more than 15 options available, catering to diverse user preferences. While the primary focus of the platform is on purchasing Bitcoin using fiat currency, it also facilitates the trading of Bitcoin for a variety of other cryptocurrencies. Users can first buy BTC and then trade it for one of the 125+ different cryptocurrencies available on the platform.

The fee structure on Bisq is another attractive feature, with extremely low trading fees. Makers are charged only 0.05%, while takers pay a slightly higher rate of 0.35%. This competitive pricing makes Bisq an appealing option for those looking for a cost-effective and secure way to trade Bitcoin and other cryptocurrencies.