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How to buy bitcoin without ID in Singapore
As lawmakers in Singapore and around the world gradually introduce tighter regulations on cryptocurrency trading, it’s becoming more difficult to buy crypto without ID.
However, if you don’t have suitable proof of ID or if you simply value your privacy, there are still some sites where you can buy cryptocurrency without completing a verification process.
Keep reading to find out how.
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Buy bitcoin without ID verification on these exchanges
Some exchanges have different thresholds for verification requirements. For example:
- LocalBitcoins lets you buy Bitcoin without verifying ID, but only up to 1, euros or equivalent per year. It does not let you sell Bitcoin without verifying identity.
- Paxful does not require ID verification for account creation, but requires verification for accounts that reach the equivalent of US$1, in trade volume or wallet activity.
- Binance and Kucoin only offer crypto-to-crypto trading, but neither requires ID for trading and both offer withdrawals limits of 2 BTC per 24 hours without verification.
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