In this tutorial, we will help you buy bitcoins without verification by listing the top options.
First, let’s go through the 7 best Bitcoin exchanges that don’t require an ID. After that, we’ll go through the buying process of each exchange so that you can follow along.
Top 8 Best Ways To Buy Bitcoin without ID
1. Switchere
Switchere is a secure and reliable exchange which offers a seamless experience for instantly purchasing crypto using a bank card. It is headquartered in Tallinn, Estonia and has two licenses including one of Virtual Wallet Service Provider and one of Virtual Currency Exchange Provider.
Payment Methods
At Switchere, there is only one way to purchase crypto, and that is through the use of bank or payment card. VISA or MasterCard are the two options available to use on the site.
The exchange supports the use of both credit and debit cards of different banks. However, cards that are issued in the banks of certain countries are not accepted by the website. These countries are inclusive of USA, Canada, China, the UAE, and others which have been listen on their website.
After processing the payment, users receive their funds in the wallet almost instantly.
How to buy Bitcoins with Switchere?
The interface of Switchere is user-friendly so the process is time-effective and simple and explained below.
If you want to buy cryptocurrencies such as Bitcoin, Ethereum or Litecoin Switchere.com, needs to be opened and the ‘Buy Crypto’ button has to be selected.
The order form is to be selected, and the amount of Euro for purchase has to be entered. It automatically counts the amount of crypto that will be received.
Upon this, the email and wallet address has to be entered. The user must accept and agree with the Terms of Use and Privacy Policy and continue.
On the payment page the bank card details have to be entered and then the user can pay the respective amount. Upon payment, coins are directly sent to the user’s wallet.
Privacy
You can buy bitcoins with credit card without verification up to 150 EUR, after which, the amount of the maximum purchase limit depends on the verification status of the user. This why it is featured as the best exchange to buy bitcoin without verification.
Confirmation of phone and email increases the maximum amount by €150.
Verification of identity and bank card raises the maximum purchase limit by €7,500.
The verified address allows buying up to €15,000.
Verified proof of income makes crypto purchases unlimited.
Security
There is robust security that is provided for on Switchere. The licensed exchange boasts of 2FA & SSL/TLS encryption, SHA-256 hash algorithm, and 3D secure protocol.
Fees and Limits
All the required fees are included in the exchange rate itself, so a user receives the amount that is calculated by the platform without any deductions which seems fair and competitive.
The maximum purchase limit is dependent on the status of user verification.
Customer support
The platform has a customer support team that works 24/7. There is a form that is available on their website that acts like a chat which makes it possible to get a prompt answer. There is also a postal address which is provided on the site to which once send a letter. Aside from this the support team can be reached through email or the phone number provided.
Pros
Switchere markets its transparent workflow, has robust security and boats a platform market that it is fully legally compliant. There is no registration or verification needed till a certain amount, and the user experience is very friendly.
Cons
There is only fiat to crypto transactions that can be carried out on the exchange. Investors from certain countries like the USA and Canada cannot trade here due to regulatory reasons.
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2. Bitquick
You should definitely consider Bitquick if you are willing to buy Bitcoins with cash deposits without submitting any ID proof. Bitquick acts as an excellent escrow system launched in the year 2013 and operates in 49 US states by supporting three fiat currencies (US dollars, Canadian dollars, Euros).
Payment methods
Bitquick supports Bank Transfers, Western Union, MoneyGram and carries out all its transactions using cash deposits.
How to buy Bitcoins with Bitquick?
As you know, the site offers buying Bitcoins with cash deposits and buyers can get their Bitcoins without even meeting the seller. The process to buy Bitcoins is simple.
You can directly head towards buying Bitcoins without registering to the site. The first step is to enter the approximate amount that you are ready to spend on Bitcoins. Next, select the desired order from the order book and enter your email address along with your Bitcoin wallet address.
You will receive an email that will contain a link (save the email). later, head towards the bank and deposit the amount into the account number present in the order confirmation page. Next, click a picture of the receipt provided by the bank to the link sent in the email.
Once the receipt is received by the seller, you Bitcoins will be released from the escrow and will be delivered to you within 3 hours.
Privacy
Users are not asked to submit any ID proof for trading. Instead, a PIN is created by the seller which allows them to accept, modify or cancel the order.Buyers might be asked to update a photo ID.
Security
User’s deposits up to 250,000 are secured using BitGo’s multi-signature wallet that is incorporated by Bitquick. The proof-of-reserve auditing system displays the number of Bitcoins held in the escrow by disclosing the dealings taking place on the exchange itself.
Fees and Limits
Bitquick does not charge any fee on withdrawals. However, 2% fee is levied on the buyer rather than seller like other sites. All the exchange rates are set by the seller with additional bank charges.
Bitquick has not set any limits on the transaction. Moreover, traders are allowed to set limits with mutual assent. Your Bitcoins will be transferred to your wallet within 3 hours(maximum time) by Bitquick.
Customer support
You can reach out Bitquick’s customer support almost any time.
Pros
Bitquick is a reputable site with a simple user interface. The services offered by Bitquick are fast and reliable. The is a well-built escrow system.
Cons
The exchange rates are set by the sellers and might result in charging high. The site operates in only the states of US and supports three few fiat currencies.
4. Coinmama
Coinmama is a credible option even though the site requires some level of verification. The site was launched in the year 2013 and serves over 219 countries and the majority of US states. The site has not yet implemented its wallet and hence Bitcoins are stored in the address provided by you.
Payment methods
Currently, Coinmama supports only credit/debit card payment to buy Bitcoins. They have SEPA transfers, which allows you to transfer money from your bank account (Europe). This addition makes coinmama the go-to exchange in Europe.
How to buy Bitcoins with Coinmama?
The process to buy Bitcoins via Coinmama is explained below.
Creating an account on this site is quite simple. verifying your email address is the only criteria to get registered on the site. Next, log in to your account, where you can see a page asking for some details. Once you enter and save your details, you can see an option called “Buy Bitcoin” on the navigation bar.
Click on the tab and choose the number of Bitcoins you want to buy. Then, you are asked to select a mode of payment. you can select any mode as per your convenience. If opt for a credit card as a payment mode then the process is simple as well.
After selecting credit card as a payment method, add your Bitcoin wallet address and hence you will be asked to enter your Billing information and address. Next, you have to enter your credit card information. You will be asked to verify your phone number and email by sending a 4-digit PIN via SMS. Next step is to upload your ID proof.
Please note that you may have to complete a certain level of verification depending on the number of bitcoins you want to buy, the info about which is given below.
Privacy
As mentioned above, Coinmama does not ask any ID verification for transactions up to $150. However, for the users who are willing to buy Bitcoins more than $150 can refer the process below.
Level zero – You are asked to update your phone number, ZIP code, state, and city to spend up to $150 on Bitcoin.
Level one – you are asked to submit your ID or Driver’s license to spend up to $10,000 on Bitcoin.
Level two – You are asked to submit your government issued ID proof along with other ID proofs. users can also submit their submit their passports and hence are open for spending $50,000 on Bitcoin.
Level three – This is the highest level of verification, where the user has to update face-to-face recognition approved by a notary or a lawyer and then you can spend up to $1,000,000 on Bitcoin.
Security
Coinmama is a reputed site with a good security set up. The site is secured with 256-Bit SSL encryption, which hides all the sensitive data from third parties and hackers. For maximum security, users are advised to set a password that involves uppercase and lowercase letters along with numbers and symbols.
Fees and Limits
Deposit and withdrawal are free of cost but you will be subjected to a regular fee charged by the bank. Apart from other modes of payment, the credit card is the widely accepted payment mode among users. you will be charged a flat fee of 6.75% overall on all the transactions.
Adding to this fee additional 5% fee is applied to all the credit cards. The fee will be automatically added after the payment mode is entered. This automatic credit card transaction is carried out by a processor called Simplex.
Credit card transactions are limited up to 5000 USD/EUR per day and 20,000 USD/EUR per month.
Pros
Coinmama has a simple user-friendly interface by supporting credit card payments, which some other platforms do not support. Users get an advantage of buying Bitcoins up to $150 without any verification. The site also offers an excellent referral program.
Cons
Coinmama does not allow you to sell Bitcoins and also fails to upgrade the site frequently.
5. Bitit.io
Bitit is a Paris-based Bitcoin exchange platform operates only in Europe by offering 3D secure credit/debit cards and cash using Neosurf, Flexepin, and Cashlib prepaid vouchers as payment methods. You can buy Bitcoins from local vendors through Bitit.
Payment methods
Bitit offers buying Bitcoins from your local vendors using Neosurf, Flexepin and Cashlib vouchers. You can buy Bitcoins online using credit/debit card, Trustpay Bank transfer and ePay wallet.
How to buy Bitcoins with Bitit?
Create an account by registering to the site by filling some basic information. You can quickly buy Bitcoins up to EUR 25 without any verification. Next, place an order by entering the number of Bitcoins you want to buy from EUR 25 to EUR 250. Choose a payment method (3D secure credit/debit cards, Neosurf, Flexepin, Cashlib vouchers, Bank transfer, Epay e-wallet) to pay for your Bitcoins. Once the payment is made, your Bitcoins will be delivered to your Bitcoin wallet address within 10 minutes.
Privacy
No ID proof is required to buy Bitcoins up to EUR 25 once you have registered on the site. Moreover, for users who want to buy Bitcoins more than EUR 25 will have to submit ID proof along with a selfie by holding the proof.
Security
Bitit has many store locations in France and maintains a constant social media presence, which means that the site is legit. The site is encrypted and maintains all other security measures similar to the sites which offer credit card payment do.
Fees and Limits
The transaction fee completely depends on the mode of payment. Buying Bitcoins using credit/debit card will cost you 3.9% fee on all the online transactions and a fee of 8.9% to 10% will be charged for using Neosurf, Flexepin and Cashlib vouchers. Additional to this fee, a foreign exchange fee might be charged on the credit cards. Some sellers might charge you extra for vouchers when you buy it from the stores.
There is a limit to buy Bitcoins up to EUR 50/7 days without any verification and also pre-order limits EUR 25 to EUR 250 imposed by the site. Traders are free to place any number of orders. The time required to receive Bitcoins depends on the Bitcoin network.
Customer support
The exchange has a rich Knowledge base section along with email support system. You can even contact Bitit through their social media page.
Pros
It is very easy to buy Bitcoins using Bitit. Moreover, you are not asked for any verification details for orders up to EUR 25.
Cons.
The site applies a limit on the transaction. The exchange rate fee is quite lofty.
7. Bitcoin ATMs
Did you ever imagine buying Bitcoins would be as simple as withdrawing cash from ATM! well, there are over 30 Bitcoin ATMs with more than 20 manufacturers today that offer buying Bitcoins without submitting any ID proofs.
To mention, Genesis machine1 (from Genesis coin), Satoshi1 or Satoshi2 machine (from Genesis coin), Lamassu, General Bytes BATMTwo (one-way), General Bytes BATMThree (two-way), BitAccess are some of the popular Bitcoin ATMs.
How to buy Bitcoins from Bitcoin ATMs?
Bitcoin ATM map will guide you to the nearest Bitcoin ATM. The Process is like this. You head towards a Bitcoin ATM and scan the QR code of your Bitcoin wallet address. You will receive your Bitcoins at this address itself. In some cases, the machine will generate a paper wallet.
Next, you might be asked to Scan your fingerprint or any other verification that completely depends on the configuration of the ATM machines and it differs with different manufacturers.
Next step is to enter the number of Bitcoins you want to purchase (you can also enter the amount of fiat currency you want to spend). At last, you have to insert the cash and wait for few seconds until your Bitcoins are delivered to your Bitcoin wallet address.
You will be charged 5% to 10% fee by ATMs, but users are ready to pay that fee, as it provides complete privacy. The limits on the transaction differ with different manufacturers.
Pros
Buying Bitcoins from the Bitcoin ATM is the most simple and reliable method. User’s privacy is preserved.
Cons
The transaction fee is quite lofty.
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8. ShapeShift
BitFinex allows users to buy bitcoins with a credit card and no verification, using ShapeShift. The only criteria to buy Bitcoins using ShapeShift is to deposit any Cryptocurrency, i.e you will have to deposit altcoins or any other digital tokens in order to buy Bitcoins using ShapeShift. This is the best site for traders who are indulged in trading one cryptocurrency in exchange for another.
How to buy Bitcoins using ShapeShift?
The process is simple. You will have to trade any other digital token in exchange for Bitcoins. To start off, go to the shapeshift.io site, where a box will be displayed with various coins. Select a coin initially that you want to buy followed by other coins that you want to deposit. For example, if you are depositing Litecoins for Bitcoins, then Litecoins should show under “deposits” and Bitcoins under “receive”. Then click on “continue” where you will be directed to a page asking you to enter Bitcoin wallet address along with Litecoin refund address (in case the transactions are not successful). At last, complete the transaction by clicking on “start transaction” and send the number of Litecoins in exchange for Bitcoins.
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What do we have to consider buying Bitcoins without verification?
Some sites take a long time to verify user details. If you want to buy Bitcoins in short duration of time or instantly (which some sites/exchanges offer), you can opt for buying Bitcoins without undergoing any verification process.
Some users will not be willing to Buy Bitcoins if there is a need to upload their ID proofs. It is because of the risk of exchanges being hacked. However, the sites ensure good security, but it depends on the user’s trust on exchanges. Well, buying bitcoins without any verification provides high a degree of privacy which some users prefer.