What cryptocurrency can I buy without verification? This question is among those asked most often at almost any exchange, so you are extremely likely to find it on its FAQ web page.
The answer depends on the policy of the particular company. Many online resources, e.g., decentralized exchanges, allow visitors to buy cryptocurrency with a credit card without verification. Centralized exchanges, on the contrary, usually require it. The reason is simple and has everything to do with the practice called KYC, or Know Your Customer – knowing who exactly is making each transaction.
Hiding traces of the funds may be a sign of fraud or money laundering, which are serious crimes in most jurisdictions.
Not that transparency of all transactions excludes the probability of financial crimes, but it makes them more difficult to commit and facilitates their investigation, if necessary.
When it comes to transferring value, be it fiat money or crypto, easy anonymous transactions are a risk factor, although many law-abiding people favor them for whatever reason.
If you prefer purchasing cryptocurrencies – say, bitcoin – anonymously, you have a number of options. The most obvious one is to find a web resource (an exchange, a peer-to-peer marketplace, etc.), which won’t ask you for your personal info. Just google something like ‘buy cryptocurrency without id verification’ as an exact phrase (i.e., enclose it in quotation marks) – and you’ll get zillions of results.
Binance and Bitcoin.com, CoinSmart and Pionex, BitQuick and ECOS, Coingate and Coinmama, Crypto.com and Lobstr, ShapeShift and Rango, Localbitcoins.com and Paybis, LocalCryptos, DameCoins, Paxful, Bisq – all these platforms offer such an opportunity.
In addition, you can well buy BTC offline. There are special ATMs in many regions all over the world, and some of them allow depositing cash and purchasing crypto with it. And that’s not to mention good old face-to-face deals. These days, when social networks have become an inseparable part of our lives, it is quite simple to find someone who wants to sell BTC directly.
WunderTrading (Wunderbit before the recent re-branding) is a crypto trading platform, mostly focused on copy trading and bots. However, a good share of the platform’s users trades manually as well.
Among currencies available for purchase at WunderTrading are:
WunderTrading’s requirements for transparency and security are strict, which means that the portal applies KYC procedures. But you can avoid verification when buying BTC using a credit or debit card, provided you spend less than $300 at a time.
By the way, along with Visa and MasterCard, supported payment methods also include SEPA bank transfers and Skrill payments.
You will have to provide personal info only if you exceed this limit. Other restrictions include:
Also, there are such commissions and fees as the card processing fee, in case of card payment (5%), WunderTrading’s commission (1%), and the BTC transaction fee.