There are many reasons to avoid børsen bitcoin cryptocurrency from an exchange that requires ID verification. First of all, you might be a target for thieves. Plus, you can’t trust the government to keep your crypto safe. And, the ID verification process can be slow, especially in times of high demand.
Crypto exchange – CoinSwitch
CoinSwitch is a cryptocurrency exchange that allows you to buy and sell cryptocurrencies without requiring an ID verification. It is a popular crypto exchange in India and supports over 80 different cryptocurrencies. It also has an excellent mobile app that allows you to easily make payments and purchases. CoinSwitch is a non-custodial exchange, which means that it does not hold the coins for you. Instead, it acts as a middleman, enabling you to buy and sell cryptocurrencies through multiple exchanges.
To use CoinSwitch, you need to sign up for an account. Then, you’ll have to verify your identity by submitting a photo of a government-issued identification. This ID can be your driving license or passport. Then, you’ll be allowed to use their services. However, it is imperative to note that some exchanges do not allow you to trade cryptocurrencies without KYC. If you’re not comfortable with this process, you may not want to use the service.
Crypto exchange – Bitsquare
The Bisq exchange is a good choice for those who don’t want to disclose their real identity. The platform is decentralized with no central authority. This means that there is no single point of failure and no risk of hacking. Furthermore, the exchange doesn’t store any information on its servers. This is in contrast to traditional exchanges, which store information on premises. Instead, Bisq only stores pieces of information for seamless trades.
Another advantage of using Bisq is that it allows users to make deposits without identifying themselves. However, it’s important to note that Bisq does require a substantial deposit to get started. This amount is equal to two months of rent. If you were to do this today, it would cost you about $1500.
Crypto exchange – Binance
Before you can open a Binance account, you must submit a government-issued ID. You can either use your phone’s camera or a webcam to make this scan. You will then be given a QR code to scan to verify your identity. All of these steps should take no more than 15 minutes. If you cannot complete the entire verification process in less than 15 minutes, you can request another 10 attempts in the next 24 hours.
Once you submit your documents, you’ll receive a confirmation email from Binance within ten business days. The purpose of this process is to ensure compliance with global regulations and protect customer accounts. It’s simple and easy to complete, and it shouldn’t take more than 15 minutes.
Crypto exchange – SimpleSwap
A cryptocurrency exchange https://www.bybit.com/en-US/ without id verification can be a great option for those who want to trade crypto without having to create an account. SimpleSwap has a user-friendly interface and supports more than 300 different cryptocurrencies. To get started, simply choose the crypto pair you want to exchange, enter the amount you want to exchange, and confirm the recipient’s address. You can also view the current price of a specific cryptocurrency, and check its send/receive network availability.
The SimpleSwap mobile app makes it easier to exchange cryptocurrencies. The app has a search function that lets you find a specific cryptocurrency, and it also stores previous exchange histories. This feature makes it easier to keep track of previous operations, so you can track which cryptocurrencies have changed hands since you last used SimpleSwap. The app also gives detailed information on each cryptocurrency exchange.
Crypto exchange – Bitfinex
In order to use the Bitfinex cryptocurrency exchange, you will need to provide your personal contact information and two forms of government-issued identification, including a copy of your photo ID and proof of address. As an alternative to submitting identification documents, you can upload a selfie to verify your identity. Once registered, your account will primarily be self-service, with help sections and FAQs to guide you through the process. If you need assistance, you can also contact the exchange through their support ticket system, but no live chat support is available.
Despite its long and turbulent record, Bitfinex has attracted a large number of users due to its unique features and user-friendly interface. As an alternative to the other platforms, it doesn’t require much verification when it comes to fiat currencies. It has an incredibly fast website and mobile app, which is convenient for those on the go.