Is it possible to deposit money without running through KYC procedure?

10 000 question challengeCategory: Profits (trading, ICO, mining)Is it possible to deposit money without running through KYC procedure?
HowToToken Team Staff asked 7 months ago
1 Answers
HowToToken Team Staff answered 7 months ago

Even though all respectable exchanges do not allow to deposit or withdraw fiat money without KYC, there is still an option on some exchanges (i. e. Binance) to deposit crypto without running through identification. So the question might be corrected: how to buy BTC/another crypto without KYC?

Here are 5 great options offered by BuyBitcoinWorldwide.com.

1. Localbitcoins.com

Buyers and sellers create offers and must agree on a price and terms of a trade before a transaction can be made. It’s possible to buy bitcoins with no ID on LocalBitcoins either by buying bitcoins with cash deposit or meeting in person and trading cash.
LocalBitcoins is available anywhere where there is a willing seller.

2. Bitcoin ATMs

There are different types of Bitcoin ATMs made by a variety of companies. Most, however, require no verification whatsoever.

How can you know if there is a Bitcoin ATM near you?
BuyBitcoinWorldwide has a Bitcoin ATM map that will show you how to find a Bitcoin ATM near you.

3. Bitit.gift

Note: Bitit is Europe ONLY!

Bitit allows users to buy bitcoin online with a 3D Secure credit or debit card in 10 minutes and with cash in more than 150K+ Local Stores using Neosurf, Flexepin or Cashlib vouchers.

Your first 25 euros worth can be purchased without ID verification although you will need to fill in personal details like your full name, birthday date, country, city, address, phone number.

4. Wall of coins: only sms identification required

Wall of Coins is a peer-to-peer cash exchange, currently available in the United States, Canada, Germany, Argentina, Latvia, Poland, and the Philippines.

A phone number is required for use, but not for verification purposes.

5. BitQuick: Buy your coins with Cash

Users agree on a trade price, and the seller hands over bitcoins to BitQuick that then acts as escrow.

The buyer of bitcoin deposits cash into the bitcoin seller’s bank account. Once the seller confirms payment, BitQuick releases the bitcoins to the buyer.

https://www.buybitcoinworldwide.com/kb/buy-bitcoin-without-verification-id/

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