Bitcoin Forum

Are there any exchanges that don't require photo ID, or other personal info, if no fiat currency is involved?
Only crypto in and out.

they are becoming increasingly scarce, but there are still several available. binance and hitBTC are the no-KYC altcoin exchanges (with USDT markets) that i would suggest. just keep in mind that if you decide to hold USDT that these are not real fiat liabilities of the exchange you are on, but rather bitfinex/tether.to liabilities.

bitfinex and WEX.nz both allow trading and cryptocurrency withdrawal without KYC. i'm a bit paranoid to leave too much money on either exchange because of the FUD surrounding them. WEX is the reincarnation of BTC-e, who got indicted and shut down earlier this year. bitfinex owns tether and both got blacklisted by the banking system --- one has to wonder why.

if you are an experienced trader, i would suggest bitmex. they have no KYC and they only deal with bitcoin collateral via swap and futures contracts. fyi, bitmex, bitfinex and WEX all prohibit US customers (although VPNs seem to be working fine)...

I don't mean for serious value dealings, on the contrary. Just a way to dabble a little bit.
Do any them allow custom transaction fees when sending out? Something that would make sense for very small transfers.

BTW, is Tether just used to "stay out" for a while without having to have fiat regulations?

As previously mentioned Binance, Bitfinex and HitBTC are working fine. I am also registered at Liqui without kyc.

Unfortunately none of the above mentioned exchanges allow costum transaction fees when withdrawing.

As you said: Tether is mostly used to hedge against corrections or dips and events such as forks.

On the topic of tx fees...

Any KYC exchanges that allow custom fees?

Is GDAX unique in having, as far as I know, no network/transaction fees?

Are there any quick crypto converters that allow custom tx fees? Changelly and Shapeshift don't.

Interestingly, the two exchanges that you mention are actually deeper entwined than you think.

https://twitter.com/btcecom/status/853142083527245824?lang=de

Take a look at this tweet from April. This was only a few days before US law enforcement shut down BTC-E.
It is entirely possible that the law enforcement agencies of the US are already investigating Tether. Especially,
because they can always maintain that Tether can be used for money laundering.

I would be very cautios with the reincarnation WEX as well. It is possible that the US are using it as a kind
of "honeypot" to catch money launderers or hackers that sell their ransomware proceeds. After all
BTC-E used to be the main destination for these kind of clients.

From what I know there is no exchange that allows custom fees. If there is one, A lot people would have entered a very low transaction fee and after that they will complain why their transaction is stucked. But yes the average minimum fee in most exchanges which is .001BTC is really high imo. Currently, Poloniex charges the cheapest withdrawal fee which is 10K sats.


If the transfer is between coinbase and GDAX account yes its free.

I don't see why exchanges couldn't offer custom tx fees. Minimally, it could be a selection from predefined slow/normal/fast, each updated dynamically based on network conditions. The UI can include an alert message about the expected delay, and could even have a big red "I AGREE" button to press. :)

Regading GDAX, as I read but can't try firsthand, sends to the network from there are free? I'm not talking about between Coinbase and GDAX.

On Coinbase the fees are currently about 35K, not 100K.

In most exchanges you need to prive your ID in order to fill out the KYC & AML requirements, and there is nothing wrong with that.

I dont have any problems about filling those requirements, but yes, it is pretty annoying to have to provide your id and selfie in order to buy $100 worth of bitcoin or any other altcoin.

That is why i prefer using Cryptopia in order to make tiny exchanges, they do not ask you for any of those crappy requeriments.

In fact, probably, this and EtherDelta are the only ones who have never asked for identification.

I'm doubtful of a connection based just on this. The indictment was actually filed against BTC-e in January. They just unsealed it in July when they arrested Vinnik. So the timing of adding Tether capabilities doesn't seem important. I agree, law enforcement agencies are likely investigating Tether for a multitude of reasons.


When the relaunch was first discussed a few months ago, I had similar thoughts. However, I absolutely don't think that the US government would have refunded 55-60% of funds back to the users. I think that WEX = BTC-e and that Vinnik was just a patsy.

no, and i don't think that exchanges will ever allow custom fees. that wouldn't make any sense because required fee rate (for network confirmation) is tied to the transaction size. exchanges need to batch customer transactions to save on fees, so you can't just think of it like "one input, two outputs." exchanges have many more inputs on average than typical bitcoin users because of the magnitude of deposits received.

custom fees would end with lots of stuck transactions, and exchanges would have to create a new infrastructure for RBF or CPFP transactions instead of simply guaranteeing that withdrawals arrive for customers.


GDAX/coinbase does have transaction fees. you're probably thinking about transfers between coinbase customers. those are free because there is no blockchain transaction required. third party services generally won't offer custom fees for the reason i mentioned above--too much complexity around transaction size and likelihood of lots of stuck transactions.

Because people are cheap and many will choose the lowest fee, especially when the network is the busiest. And that could mean transactions that will not get confirmed, have to be checked by hand and re-sent, scam accusations... too much hassle.

On the initial question: Poloniex allows 2000$ daily withdrawal if you give your name without ID (iirc). The fees are low, the volumes high. I've had no big issues with them (some others claim they had, so it's up to you..)

You mean $2000 fiat? What about crypto-only?

Regarding tx fees (I should've started a separate topic... :)): Instead of full custom it could be a "low fees" preset that you can choose. The exact meaning of which could be defined by them. Even 20-30 sat per byte would be a great improvement. That wouldn't result in stuck transactions.

Regarding GDAX: I didn't mean transfers between that and Coinbase. I meant to a wallet outside of GDAX/Coinbase.
That's what I read here (https://www.reddit.com/r/Bitcoin/comments/6xa6u2/coinbasegdax_to_wallets_fee_efficiency_map_hope/). If someone has an account there, can you try to see if it really works?

shapeshift.io

There are, but they are very small in numbers. They are near to extinction since governments are really pushing them to implement AML/KYC. They need to comply or die. Bitsquare is one of the decentralized cryptocurrency exchange. I just don't know if they still existing. Theres not much choices for people who wants decentralized exchange. Most of exchanges are now in compliance with the standards and regulations of the governments. Anyway, you can still trade to other exchanges with no ID required. Try Poloniex and Binance. But i prefer Binance since you can withdraw funds there with up to 2 btc. Poloniex is good also but you can only withdraw $2000 per day. That's pretty low.

BitMEX doesn't deal with fiat currency at all, just BTC, so there is no KYC. Deposit BTC --> trade futures or swap contracts (including altcoins) --> withdraw BTC. I'm adamantly against giving my documents to exchanges. After the BTC-e takedown, I am not comfortable dealing with unlicensed exchanges like Bitfinex.

Im confused.  So you could buy altcoins with btc with no id verification on binance and hitbtc?  Can others confirm here?

If you are willing to have the wallets of whichever cryptocurrencies you want to trade on your own computer, you can't go wrong with Shapeshift or Changelly. I have used both of these without a problem. The only issue with them is that not only do they not act as a wallet at all, but they also may have significant fees depending on which cryptocurrency you are trying to exchange since all of the trades have to be done in their corresponding blockchains. This means that if you are having to do trades often, it may not be the way to go.

On Binance, unverified users can trade bitcoins/altcoins and are allowed to withdraw 2 BTC (or equivalent) per day. If you need higher limits, ID/passport is required. Not sure about HitBTC but I've definitely heard that people trade there with no verification.


I'm a big fan of this method of trading (wallet > Shapeshift/Changelly > wallet). In a pinch for short-term trading, multi-coin wallets like Exodus and Jaxx are an option, although they aren't ideal for security. MEW can also be used for all the ERC-20 tokens.


The fees they charge generally reflect the commission + spread on exchanges. The only asset with somewhat high network fees is BTC (not great for small transactions). To Erik Voorhees' credit, Shapeshift did switch to Segwit recently, which has somewhat mitigated that.

I do know a few of them such as Yobit, Hitbtc, Cryptopia, Livecoin, Coinsmarket etc... Most of these exchanges doesn't require an ID verification to exchange cryptos. I had been using Yobit the most in these and it has been really great. Although Yobit is a shit site since it lists scam coins which are worth nothing, it doesn't require any ID verification and doesn't have any limits or restrictions. Transfer crypto to it, withdraw it etc.. and the charges are also lesser than other exchanges.

I can confirm that you can trade with bitcoin and altcoins without KYC verification on HitBTC.
Not sure about withdrawal limits though. I can't find that information and I've never reached any limits myself.

Thanks everyone!


I should have been more specific in the first post. Was looking for active trade, not currency switching.
The two sites you mentioned do have their uses, but the high transaction/network fees, and which can't be customized, are unfortunate.

You must understand that this is protect themselves, if they allow that people will set the lowest possible fee and then they will accuse the exchange of retaining their funds and will open scam accusations around the web, so they prefer to set a high fee and prefer that people complain about the fees than they spread fake rumors about their service.

If they create a few fee presets they can remain in control of the low-end. And they can show a disclaimer, and implement RBF, etc.
I also don't understand the apparent "fear" of delays of a few hours or a day. It's still quicker than many types of bank transfers.

The other day I had a transaction at 5 sat/byte that confirmed within 3-4 hours. At the same time Coinbase wanted 30 times that much!

I don't think the general public is too accepting of $4 transaction fees, or worse with more congestion. I think it reached $8-12 a few weeks ago, and BTC prices have increased further since. Maybe exchanges and web wallets will be forced soon to offer some form of fees control. I think everyone in this thread would prefer having it as an option?

Yeah, some options would be nice. The problem is that Coinbase and other exchanges have to deal with customers sending them millions of small outputs. They have to make much larger transactions than average Bitcoin users. They've managed to scale that to priority fee withdrawals, but not to a multi-tiered fee priority system. To be honest, I'm not even sure what such a system would look like, but it can't be built overnight.

They can't batch different customers' transactions together and also offer RBF because that would result in unreliable transaction IDs in customer histories. But they could allow customers to bump batched transactions with CPFP. I'm not sure how much value that would provide because it would probably be fairly expensive.


I don't think the general public is that concerned. If they were, it would probably negatively affect the price. At the end of the day, high transaction demand is a good problem to have. It just takes time to scale to that demand.

There are many coins that you cant get on shapeshift or changelly.  If thats the case, that means you have to get it on an exchange right?

Can you tell me what coins myetherwallet supports?  I have an account there but i saw there is only ETH.

Can you tell me the pros/cons of these exchanges?  I read some ppl said that cryptopia has huge withdraw fees or something like that?

I have been using cryptopia for some time now, and I think it's way better than some of these popular exchange. You don't require any ID verification and easy interface.

I don't know what you have heard but cryptopia doesn't have any high withdraw fees. I think it has 0.001 BTC fees, that's pretty normal.

Pretty sure that bitfinex doesn't require any, nor does poloniex. Of course pretty much every smaller exchange, such as liqui, yobit, and a whole lot of others don't require any ID as well. But you probably don't want to risk your money on these exchanges.

Quickest though is probably shapeshift, and i haven't seen anyone been asked for an ID even with thousands of dollars involved.

If you want to trade fiat without ID, use Localbitcoins.

Do you see the button that says "Load tokens"? Click it and you should see a long list of tokens added by MEW. If a token isn't listed, you can "Add Custom Token" by inputting the contract address, symbol and decimals of the token. This works for any ERC-20 token. Any of the ICO tokens listed on Shapeshift, like SALT or Civic Token or Basic Attention Token, are compatible with MEW. Any time I buy tokens for speculation, that's where I store them.


Depending where you live, this may not be possible anymore. I'm in the US, and the high volume traders on Localbitcoins seems to require ID now. It's definitely easier to use an exchange that doesn't require KYC.

MyEtherWallet supports everything that Ethereum network supports. On your MEW address you can hold Ether coins (ETH) and all ERC-20 tokens (like EOS, OMG, PPT, QASH and many others). You don't have an 'account' there. MyEtherWallet is a client side wallet for ETH and ERC20 tokens so not really an online wallet. It's just an interface between the blockchain and your computer.

Don't trust decentralized exchange especially if you are dealing with bitcoin.

Believed me they are more prone to fraud because it was anonymous. Id rather face the fees of a legit exchange rather than using a bitcoin decentralized exchange. While bitcoin price is increasing don't expect too much anonymity when dealing on exchange.

ERC20 tokens or in other words Ethereum Based tokens.

That's why in the first place it was called myETHERwallet.

Cryptopia, as someone mentioned, doesn't have ID requirement ...but...as long you don't need to transfer out more than $5000 NSD (~$3500 USD) worth of crypto. But you can then become verified to increase this limit. There is no fiat involved in the site.

There are some complaints recently about Shapeshift so be careful using it.

Yeah. The idea was just for small amounts. For larger ones I guess it's best to choose the more well-established ones.

what do you mean if you transfer out more than 3500 usd?  You mean they ask for verification?  When you say 3500 usd... u mean doing that in a single amount?  If so, couldn't you just do 2k each if you want to go over that?

that's definitely lower than i thought---it's roughly in line with bittrex's limits. i didn't realize that cryptopia verified people at all beyond the signup information. i thought it was like yobit. :-\

i haven't seen any major complaints about shapeshift besides the typical complaints about BTC network fees. i definitely prefer shapeshift to changelly. there are lots of complaints about changelly having stuck transactions and lengthy refund timelines.


the limit is per 24 hours (daily withdrawal limit). that limits you to ~ 0.3 BTC per day, so i wouldn't keep much more than a couple BTC in your account if you aren't planning to verify.

It's a limit of $3500. As in that's the maximum you can transfer out until you need to upload identification it's actually against the law for them to allow you to continue to use their service without identification for fraud reasons. They allow you to transfer a certain amount because it's not considered a business at that point.

What law? Is this based on New Zealand law (where they are located), or what? Lots of services allow users to deposit/withdraw cryptocurrency without limits because their legal interpretation is that cryptocurrency =/= money (subject to KYC/AML).

BitMEX, for example, has no KYC/AML for that reason, but they prohibited US customers because of how the US government interprets its AML/KYC and money transmission regulations.

This is based on my experience as I'm not trading with fiat with this certain exchange. The said exchange from my previous sentece is Cryptopia. I've been trading with them using BTC and other alts for a year now and they haven't requested any ID from me. My trading experience with them is good with little to no problem. They also have quite a lot of coins to trade into providing you better choices to make money. You can check them out using this link (https://www.cryptopia.co.nz/Register?referrer=JanpriX). Again, they require no ID verification if you're just gonna trade with BTC or any other cryptocurrency.

Try coinomi.com. AFAIK it doesn't require an ID to trade cryptocurrency pairs. Yobit also doesn't seem to require an ID. I have traded and was able to withdraw without giving any personal details.
I heard that Bittrex started to ask people to verify but I still have an account there which I can use in full and they haven't asked me for ID at all. Maybe it's only for new users.   

Heaps of them. I'd say basically any except for bittrex or poloniex but obviously rules will differ from one exchange to another, and also you should consider the fact that how much you trade has got a lot to do with whether or not you're going to pick a particular exchange as well.

Though, these exchanges who do not need an ID generally are from unknown origins, meaning that storing large amounts of funds is discouraged.


Coinomi is a wallet, not an exchange. They use changelly for in-app exchanges.

Be careful with yobit though, there have been complaints lately with user's altcoins are stuck inside Yobit.
For reference https://bitcointalk.org/index.php?action=trust;u=406594

I tried to exchange my Bitcoin Cash into BTC a while back using Bitfinex and they didn't ask for verification, so I think OP can try that.
Bittrex on the other hand requires verification in order to withdraw, without it you won't be able to withdraw at all, so definitely not a go for OP.

Based on several submissions it just obvious one cannot have everything those that  don't want KYCs its either you can't convert to fiat or you have to pay fixed amount as fees. While the ones that KYCs is compulsory, you get more services in terms of reduced fees and the amount of units you can trade with. I guess one just have to live with the amount of information about yourself you are willing to share.