Cryptocurrencies are becoming more user-friendly, more accessible and much more regulated. This makes it a lot less wild west, but it also means that getting started with cryptocurrencies is a bit more difficult without going through the tough KYC (Know Your Customer) requirements that most exchanges are now forced to accept. Fortunately, there are still ways to make cryptocurrency purchases on peer-to-peer networks. If you want to remain anonymous (in the true spirit of crypto), you can check out these exchanges.
One way to buy bitcoin without verification involves using P2P crypto exchanges, where buyers and sellers exchange cryptocurrencies privately. Such a service is available, for example, from the Finnish startup Local Bitcoins
When you buy local bitcoins, you are dealing with a real person. This means more risk, as you will have to pay attention to the credibility of the seller. On the other hand, your contractor will also not be indifferent to your status. And here's a little clue.
Basically, we can buy cryptocurrencies with local bitcoins without verification. However, it happens that among the offers viewed by some users it will be noted that they agree to transactions only with verified profiles. Let's say this is not a typical limitation. In addition, however, we have an annual turnover limit, and above this threshold a check will be required.
Localbitcoins how to pass verification? We must provide the first and last name of the bank account holder we will be using, as well as the country and phone number. The phone is confirmed by sending a code. After registration is complete, you will receive a bitcoin wallet that you can use to deposit cryptocurrency every time you make a purchase.
The convenience of LocalBitcoins is that you can choose almost any currency, country and payment method and quickly buy or sell. There are many ways to pay - you can even buy bitcoins with cash.
LocalBitcoin Benefits
- LocalBitcoins cryptocurrency exchange is available in almost every part of the world.
- It answers the question of how to buy cryptocurrencies without verification.
- You can buy cryptocurrency with money using various payment methods.
- No limits on how much you can buy/sell or at what price
- A fairly long-standing and reputable P2P cryptocurrency exchange platform.
- This is definitely not a scam - a scam
Disadvantages of LocalBitcoins
- Although the exchange is respected, but users are just people - you can suffer from unscrupulous partners.
- Scammers often try to manipulate usersAlthough it offers multiple payment methods, reverse payment methods are not recommended.
- Some merchants require proof of identity if they trade big money.
