Any exchanges with no ID requirement if no fiat involved?

[Mi5h0]

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

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.

[1713582929]

1713582929

[jnano]

Thanks everyone!

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 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.

[The_Dark_Knight]

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.

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.

[jnano]

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?

[illyiller]

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!

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 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?

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.

[jerry0]

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.

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?

[jerry0]

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

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.

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.

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 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.

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.

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

[jerry0]

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.

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?

[jtipt]

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.

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 read some ppl said that cryptopia has huge withdraw fees or something like that?

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.

[magneto]

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.

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.

[illinest]

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

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.

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

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.

[Mi5h0]

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

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.

[Menerever]

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.

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.

[Meettayo]

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

ERC20 tokens or in other words Ethereum Based tokens.

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

[LeGaulois]

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.

[jnano]

Believed me they are more prone to fraud because it was anonymous.

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

[jerry0]

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?

[figmentofmyass]

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.

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.

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?

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.

[BrickWall]

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?

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.

[illyiller]

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?

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.