Best Bitcoin Brokers To Trade Bitcoin Anonymously
The tables below show the brokers which allow Bitcoin trading without ID verification - trade cryptos on trading sites which don't ask for your real name proven by photo ID. It's even possible to trade Bitcoin completely anonymously on sites which even don't care about data like name or anything personal.
93
(However, US citizens are not allowed to trade on BitMEX)
- Password
- Country of Residence
- Name fields are optional
However, US Residents not officially welcome (due to potential legal problems with the US)
No fiat money
* BitMEX reserves the right to aks for customers photo ID at any time according to their terms of service.
You only need an email address which can be an anonymous one to sign up at BitMex. After providing the email, a confirmation email is sent to the address, so make sure you can access the inbox.
People from the US can potentially use a VPN which hides their origin and just not set the US as residence. However they have to be aware that this would be against the terms of service of BitMEX.
93
- Password
No fiat money
Unlimited
91
- Username
- Password
US Residents offically not welcome (due to potential legal problems with the US). But inital accounts don't ask for residency. VPN can hide US IP.
No USD
Bitfinex can be used for trading cryptocurrency anonymously, however in this case the account must be funded by altcoins or bitcoin. Fiat deposits require a photo ID and a verification process.
US traders aren't officially allowed anymore to trade on Bitfinex at all, since Nov 2017. However it is technically possible to signup for an initial account by using a VPN as inital accounts don't require ID verifications, neither any personal data. Just note that this would be kind of an unauthorized trick.
91
- Password gets sent
Basic accounts don't require any personal data at all
No fiat money
You can trade bitcoin anonymously at Simple FX. Just deposit your bitcoins and start trading without any further verification. Deposits in fiat currencies do require however verification with photo ID and proof of residence.
88
- Password
No fiat money
Unlimited
88
- Username
- Password
No fiat money
Fully anonymous accounts are not allowed at Cryptopia, but you can use a no-name email address only created for that purpose to become a Level 1 user. This enables you to trade with bitcoins with a withdrawal limit of 5000 NZD.
83
- Password
- Name
- Phone number
No fiat money
Up on registration at Poloniex, you need to provide your name, your country and an email address, however as Level 1 user, you do not need to provide any further proof for these information, so they could even be fake. However in this case the anonymous trading activity is limited to 2000 USD per day.
Trade Bitcoin Anonymously On Specific Platforms
Specific Bitcoin Trading platforms allow you to use their services without ID verification. This means that upon registration you do not have to provide personal details such as name, address, date of birth. At anonymous bitcoin trading sites you can start trading instantly after sign up.
Advantages of Anonymous Trading
The benefits of anonymous bitcoin trading is that if you do not provide your credentials to the platform, no authorities (or even hackers searching for wealthy targets for their ransomware campaign) will be able to see your investments, profits and losses in bitcoins, because the account is not connected to your real name. You can hide your identity even from the owner of the platform. Especially when trading through a vpn tunnel, you are completely anonymous even from a very technical point of view.
A verification process would also include providing a proof of your identity in a form of a photo ID and a proof of residence - so obviously validating this information may take long. On the other side, you can start trading right away after sign up for anonymous trading within basic accounts, as you do not have to wait until the verification process goes through approval.
Downsides of Anonymous Trading
The biggest limitation of anonymous trading is certain thresholds which are applicable for unverified users both in terms of trading volume and daily or lifetime witdrawals. This can cause potential problems to those who would like to engage into trading activity anonymously with high amount of funds. Tip:
Top Broker Tips:
