Bitcoin Forum

Hello 👋  how can I buy coins from a exchange without submitting my national Identity card or BVN number? As for those who did this how safe is it? I don't have anything against verification but I am not sure its safe or am I wrong about its safety?.

You are not wrong. While the fiat world asks for KYC, most centralized exchanges ask for that "just in case" and to be compliant (just in case), and yes, nothing stops them from selling that data.
There's a topic where this is widely discussed: Why KYC is extremely dangerous – and useless (https://bitcointalk.org/index.php?topic=5221497.0)
And from there's a link to a topic about P2P exchanges you may want to use so you don't have to fill KYC: List of P2P/no-KYC exchanges (https://bitcointalk.org/index.php?topic=5180421.0)

I'm curious which exchange you are even talking about, it's always wise to share full details newbie because there are also fake exchanges out there, some might even aim for your identity data or scam you once you make deposits on them.

I can't guarantee you that your data will be safe in the hands of even top crypto exchanges, if thats your fear then do not try passing KYC verifications, whatever an exchange plans to do with our identifications will never see the light of the day, to stay safe use localbitcoins or hodlhodl.

https://localbitcoins.com/

https://hodlhodl.com/

Without getting verified, you can use decentralized exchange like https://bisq.network/ or the two others mentioned by 5W-KILO. For high trading volume, I will recommend https://localbitcoins.com/.

You can as well make use of currency exchange (https://bitcointalk.org/index.php?board=53.0) on this forum for direct p2p. Make use of escrow service of a reputed member on this forum.

Recommended bitcointalk escrow services (https://bitcointalk.org/index.php?topic=2439910.0)

While using p2p generally, always make sure you do not depend on alert, always check your account balance directly if dealing with fiat.

It is true that most centralized exchanges ask for KYC, especially when doing business with fiat. So, if you prefer a more traditional way to trade, then you need to provide certain identifying information to the exchange.

If you're interested in being anonymous, and don’t want to provide any personal information to the exchange, then you have a few options, including:
- true decentralized exchanges like BISQ,
- p2p trading sites like LocalCryptos or HodlHodl,
- anonymous exchange of cryptocurrencies for cash in person.

You can choose some centralized exchanges, such as KuCoin, Hotbit, and several exchanges advised by our senior colleagues, but Binance demands Kyc before granting you access to trade with them, but those ones do not, and they are safe.

There are exchangers that do not require you to verify, that is, you can simply register with an email and use the exchanger. An example of such an exchanger can be KuCoin, I have been using it for a very long time and I have never had any problems.

You can also buy cryptocurrency through Bestchange.com, on this site you can find exchangers with which you can buy or sell cryptocurrency very quickly and without any verification. Look at the ratings of exchangers, read reviews and use. Coins will come immediately to your wallet, which is very convenient.

Don't use localbitcoins as suggested above. It might be peer to peer, but it is centralized and will absolutely require KYC and other information from you.

There is no centralized exchange in existence which is entirely safe, and even ones which offer non-KYC accounts such as KuCoin can and frequently do lock accounts and confiscate coins while they demand KYC. If you aren't comfortable submitting KYC, then you need to avoid all centralized exchanges.

You can buy tokens in kocain or Hotbit without a National Identity Card number. But it can be done for a few things but you will see that these are safer if you have to do KYC. No exchanger is safe without KYC. So if you buy through what happened then you will be safe enough.

If you're referring to the typical exchanges like Binance and Coinbase, then you really can't; unless you're planning on exchange token <-> token.

Your only choice if you don't want KYC is to use peer-to-peer exchanges like LocalCryptos[1] and HodlHodl[2].

---

[1] https://localcryptos.com/
[2] https://hodlhodl.com/

You don't have to bother yourself much cause their are exchanges that forms not ask for all those private details from customers. Popular exchanges like Binance, Crypto.com etc will always ask for your credentials doing KYC which is the main reason why many crypto investors do not use exchange to buy or sell their cryptocurrency. Their are few exchanges like Kucoin that requires simple verification not compared to the normal KYC that needs important details.

As mentioned, only a few of them really would allow you to purchase it without passing on their KYC. So aside from those given p2p exchanges, you can do it actually in your locality if you ever find your crypto community near you.

That removes the anonymity since you get to know those people and as well as you but it's completely direct transactions and payments upon meetup although there's a risk on this one. So the trick is to meet up near police station or in a crowded place.

You mean kucoin.

Use dex instead of cex to avoid submission of kyc. But if you are fond of using a limit style trading then trade on cex that dont need kyc. Binance and kucoin can accomodate some of daily trades even without kyc but of course it is limited.

I'm afraid you're wrong. While KuCoin has a certain limit for unverified users, Binance doesn't. Binance requires that every single user has passed identity verification, intermediate identity verification. KYC with Binance is compulsory. Trades are not accessible to unverified users. It may not necessarily be the case in actual individual accounts, like mine that is unverified but has 160,000 BUSD daily limit, but the official policy is that Binance services are only exclusive to those who have passed KYC.

I dont know, maybe for new users, cause I have a dummy account for binance which I am using for future tradings. Somehow, I can use it for leverage trading. But I didnt actually using it for withdrawal but only transfering via spot to spot to my main account and mostly using main cryptocurrency. I said so, cause Ive been using it. Based on my actual experience.

You can use some centralized exchanges that still have no-kyc tier with some limitations, for example Kucoin, but there is always a risk of your account being frozen and your coins confiscated for any reason.
To be fair, this could all happen with all other centralized exchanges even if you pass verification and send them all documents, or they can be hacked resulting in losing your coins.
Best thing you can do is using decentralized exchanges like Bisq, or P2P and face-to-face trading in your local area.
There are always risk with all trades, and all you can do is minimize it best you can.

Its not safe on centralized exchanges if you plan to buy in huge amount. The moment they figure, you are buying bit by bit, they'd suspect its what you are doing. It's the usual thing already.

I see now problem with buying BTC from localbitcoins and localcrypto, or even on some dex, its the cashing out that you might encounter problems if you are a very private person. Most of those platforms are going to ask KYC like it or not. They may ask where your source of funds or employment pay slip for the last 3 months.

There is nothing wrong in KYC but just make sure you choose your exchange wisely, I use binance exchange and its been like 4 years already that I've passed KYC on the exchange even when they don't force KYC on their users, anyways you can still use Kucoin and CoinEX exchanges without having to pass KYC verification.

LocalBitcoins has required KYC for years. I've never heard of anyone ever being requested to complete KYC on LocalCryptos, and I use it semi-regularly without KYC. Do you information to the contrary?

If an exchange says that it is a DEX but asks for KYC, then it isn't a DEX. It's a simple as that. If there is a centralized entity which is collecting KYC data, then the exchange is centralized.

You mean apart from risking identity theft and having literally your entire life ruined? Why KYC is extremely dangerous – and useless (https://bitcointalk.org/index.php?topic=5221497.0)

There are some decentralized exchanges where you have no need to submit kyc documents and you can buy coins with the most security. Some centralized exchanges also have opportunity to buy coins without kyc verification.

There are still many exchanges that works without the need to pass KYC, you will only be restricted with a daily limit like 2BTC per day, here are lists of exchanges that allows trading and withdrawal without KYC verification.

1. Bitmart
2. Kucoin
3. Gate.io
4. CoinEX
5. Hoo exchange
6. Bitglobal

Almost all crypto exchanges operating worldwide are required to perform KYC verification, to comply with the applicable laws and regulations in your country.

I will cite how important KYC is to crypto clients and exchanges.

Conclusion: From the quote above and adapted to your question, it is quite the opposite, most of us here exchange with the KYC process is safer than not implying KYC.

However, if you still want to buy crypto without KYC, you can buy it in trust wallet or metamask, but you still can't cash out in fiat form, only limited to buying it, so just buy crypto in your local area with KYC rules, it's safer for you.

One more question, why are you so afraid of the rules and the KYC system, are you committing a violation of law or a crime, that you are so afraid of an exchange that asks for your real identity, if you don't have any problem in your country I think KYC is not a big problem for you.

Can we please stop repeating this incredibly incorrect notion that the only people who care about privacy must be criminals, and that only criminals care about their privacy? I don't have anything to hide, but I also don't have anything I want to share with anybody and everybody who is interested. You probably don't do anything illegal in your house, but you still have curtains on your windows. You probably don't do anything illegal online, but you still don't publish your browser history on your Facebook profile. The whole point of bitcoin is to not have random strangers and third parties start sticking their noses in to your private affairs, not to mention the massive security risk that comes with completing KYC.

Privacy is a fundamental human right. Without privacy, there is no freedom.

Allow me to quote myself from a few years ago:

Thanks for your replies I am now using Huobi and Bitgert, they don't make KYC 100% compulsory

This is normal, there are concerns about the security of personally identifiable data requested for KYC on exchange platforms. Because we really don't know and they also may not be able to guarantee 100% data security.
As long as I know, Kucoin is one of the top exchanges that has several steps or levels of verification.
You can still do transactions and withdrawals although you are not doing KYC verification, but it will limit you to only 5BTC maximum in a day. If this is enough, I think it is enough for you.
You can read more here: Kucoin: KYC Guide (https://finbold.com/guide/kucoin-account-verification-guide-kyc/)

As I pointed out earlier in this thread, you should only use a non-KYC account on KuCoin if you would be happy to complete KYC if you needed to to get back all the coins you are storing on their exchange, or alternatively happy to simply abandon all the coins you are storing on their exchange. Every centralized exchange which offers non-KYC accounts has the ability to demand KYC from any user at any time, and will lock your account and seize your coins unless you comply. If you don't comply, your coins are lost.

So yes, you can use KuCoin without KYC, but you are at constant risk of either having to complete KYC or losing everything you have on your account.

Far better to use DEXs which never request KYC and do not have the ability to seize your coins.

That means you still have lot of lapses regarding that because they are centralized exchanges and can at any fucking time demand for KYC, expose you to government or got your assets lost completely if they were attacked, why not use a decentralized exchange and remain safe just as advised by o_e_l_e_o here you can independently had access to your coins without barriers at any point in time since you're in possession of the keys to get them even if you have a change in device used.

Yes you can buy coin from exchange without doing kyc, but if you want to use P2P in the exchange you don't have choice than to submit your kyc. If you are playing to be buying coin in an exchange and you don't want to submit your kyc then I will recommend you make use of kucoin, kucoin exchange those not make it mandatory for users to complete their kyc but if you want use their kyc they have know the user to have scam. Also you can use decentralized exchange like pancake and Uniswap they don't require kyc.

Not all P2P platforms are no KYC, Binance P2P is the example of P2P platform that would ask KYC.

You're wrong to suggest Pancakeswap and Uniswap as the decentralized exchange to buy Bitcoin, there's no way you can buy Bitcoin using Pancakeswap and Uniswap since they're only use ETH and BSC chain. You're only can bought fake Bitcoin e.g. BTCB (Fake Bitcoin run in BSC chain) and WBTC (Fake Bitcoin run in various chain). It's not even a decentralized exchange, but a swap exchange.

The only truly decentralized exchange is only Bisq and it's not good to use Kucoin as been stated by @o_e_l_e_o above.

Regarding KYC, some exchanges that initially did not do KYC are currently asking all members to do valid KYC. The security of each exchange will be different and no system is secure, everything will be hackable. the best way is to store assets in a personal wallet with full access and only we ourselves can access it. But for the use of the exchange it is only used when you want to trade with some of the assets that are used and in some time will be back deposited into a personal wallet.
If you really don't want to do KYC better do use a DEX exchange as o_e_l_e_o said.

Centralized exchanges are the last place you may want to buy coins if privacy is an utmost priority to you, as soon as you submit your documents, that is all. My problem with these exchanges these days is that they do have problems on daily basis with government agencies which makes it difficult for me to even trust them, I know government organizations aren't different but both they have common goals which are always self-interest. Do not do KYC, and don't send your documents to any group of organizations just to buy any coin, you don't know what they might later do with them.

You can make use of any decentralized exchanges of your choice as an alternative to exchanges that require document verifications.

You could use p2p exchanges in your country or could buy from your irl friend or something. I never feel safe with kycs, but then again for fiat >> crypto, you likely have to go through it.

To be able to use P2P, all must KYC, this is to prevent money laundering and trade fraud.

Yes, the bitcoin you get here are not real bitcoin.

As for buying bitcoins on Kucoin exchange, I don't think it is too bad since they do not force you to do KYC, there might be some limitations with non-KYC accounts, but I do not see too much impact on Bitcoin buying as a whole. You can buy bitcoin on kucoin and then you can transfer it to your personal wallet it doesn't reveal your identity.

Never mind the KYC as it gives you additional funds and account security especially if you are dealing huge amount but provided that you are sending it to the right person or exchanges or else it will fall into the wrong hands. But if you are too concerned about this KYC thing, I will say that it was hard to find reputable exchanges that never ask that. In fact, Binance doesn't ask this before but due to an increase in scams and hacking incidents, leads to such actions.

I use Huobi, Bitget and Gate.io for crypto purchase without KYC verification, there will be some limit on buys per day but that's if you want to buy a very big amount worth of token or coin, so far only Binance exchange forced KYC on users from the list of the best exchanges that I like.

Huh? I think you got your wires crossed there. If a P2P platform requires KYC, stop using it, because then it's not genuinely peer to peer. On a properly designed P2P exchange, you will never be required to attach your real identity to your account or to any given trade (although your payment method might expose you, so be careful).

I think you don't get my Point, maybe you should try and read the post again, I said you can buy coin in some exchange but if you want to make use of any exchange P2P you have to submit your documents, If am wrong pls you can list atleast one exchange which you can use their P2P without submitting kyc. You can make use of kucoin exchange even without submitting kyc, but you can't access their P2P futures if you don't submit your kyc.

Am not really sure about what you mean by  bitcoin runs in different chains are fake, I don't know how true it is, but the OP mentioned coins and he didn't specify if he is buy bitcoin or not, the OP said coin so its not compulsory he buys bitcoin, and I can tell you if you don't want to reveal your identity to any exchange then its better you go for decentralized exchange.

Just don't surpass the limit that they've given to unverified accounts. Yeah, they may not require you 100% KYC for now but eventually, anything can happen.

So, should you be asked for KYC, it's because of the policies that they have and it can be done to any of their customers so just be prepared for that to happen at any moment.

Also, when your withdrawals are quite high for them, they'll force you to KYC. That's the other side of these non-kyc centralized exchange at first. Binance was once like that.

Exactly right, another loophole many gives little attention to is privacy with their gambling experience, they focus on having only privacy with their bitcoin investment and trading but risk that with gambling, i believe if one must make use of of a secured network like that in bitcoin then it must be maintained althrough in every activities that involved the use of bitcoin even while gambling, there are many online casinos that are free of kyc, just as one avoided centralized exchange then KYC casinos must be avoided as well.

There's nothing really wrong with KYC, but you should pick your exchange carefully. I use the Binance exchange, and I've been verified for KYC there for about 4 years now, even though they don't require it of their users. You can still use the Kucoin and CoinEX exchanges without having to be verified for KYC, though. If you intend to buy in large quantities, centralized exchanges are not secure. They will become suspicious of your actions the instant they realize you are buying in small amounts.

Most of the exchange platforms require that you pass KYC to buy cryptocurrencies and to trade and there is no harm to you, the exchanges do this to prevent money laundering and to prevent scams so do not worry at all and submit documents while you are assured, or you can deal on decentralized platforms such as Bisq.Network or you can deal through escrow in this Forum and buy from people, or if you want to buy bitcoin then you must have altcoins where you can buy bitcoin through ShapeShift without verification.

That's potentially harmful advice to give, IMO. As pointed out earlier in this thread, there are very serious risks associated with sharing PII (see Why KYC is extremely dangerous – and useless (https://bitcointalk.org/index.php?topic=5221497.0)).

I think you mean decentralized platforms. Bisq (https://bisq.network/) is great and that's a fine suggestion! :)

That's not accurate at all. There are a number of peer to peer platforms which not only don't collect KYC, but don't even have a mechanism in which they could collect KYC even if they wanted to since there are no accounts or registration required. Check out Bisq or RoboSats for example, or others available here: https://kycnot.me/.

Further, there is no evidence that KYC is effective at preventing money laundering. KYC is about surveillance and control, nothing else.

Until you trigger one of their unknown algorithms and they lock your account and demand KYC.

Bisq, RoboSats, LocalCryptos, HodlHodl, LocalMonero, AgoraDesk. More here: https://kycnot.me/

Apart from the complete lack of privacy. And the risk of your details being hacked/stolen/leaked/sold. And the risk of identity theft literally ruining your life. No, nothing wrong at all. ::)

Exchange like Kucoin doesn’t require users to KYC but with limit amount per day. But the limited amount is already enough for normal traders that has a normal balance. It’s true that KYC purpose is for the AML requirements of the exchange that needs to be submit on regulators that provides them license to operate. Buying P2P here in the forum is very hassle unless you are very trusted and other party can send you directly first the token to save escrow fee but it’s not advisable on buying and selling to stranger because it’s very hassle base on my experience before.

Kucoin is my preferred exchange when it comes on trading without KYC.  I’m only comfortable submitting KYC on huge exchange since some mediocre exchange already have a reputation on leaking KYC info to sell in the deepweb market.

Huge exchanges like Coinbase, which admitted to selling customer data to third parties? Or like Binance, which have been hacked for KYC data which then appear across various darknet markets? Or maybe other huge platforms like OpenSea, Robinhood, Coinmarketcap, or BlockFi, all of which have had data breaches resulting in user data being strewn across the internet?

It doesn't matter how big, how well known, how long established, or how reputable any platform is. Every single time you complete KYC you are taking a significant risk. The only safe KYC is no KYC at all.

What can I say is most people either doesn't understand what is privacy concern or doesn't care with their privacy. People usually say they're have high privacy concern and would protect their privacy, but they're submit their KYC to an exchange which is kill their own words.

They're only look from the past history where the exchanges have very high popularity and no KYC leaked so far, but the future is different and you can't predict the future with the past history. They thought as long as now there's no problem, why should I care about it? but when the exchange got hacked, they will regret what they've done.

Unless things have changed recently, I would suggest to try KuCoin as they didn't have KYC requirements.  It could depend on your country, but give it a shot and see if it works for you.