That’s the question, which new users of this cryptocurrency exchange platform often ask.
To cut a long story short – no, you can’t. All users of Coinbase have to verify their identity, that’s a compulsory step. If you feel like purchasing or selling any cryptocurrency there with no restrictions, you will have to submit your personal info and IDs. It is done for the purposes of KYC, which stands for Know Your Customer.
Most major centralized exchanges have long adopted this practice in order to comply with anti-money laundering laws, as well as to protect customers from fraud. However, if you are wondering where to buy crypto without verification, you still have a few options to choose from.
How to buy crypto without verification?
It’s simple – just find a platform where it’s not required. For example, at Wunderbit you are allowed to purchase cryptocurrencies, particularly Bitcoin, using your credit card, if the sum doesn’t exceed $300, and you needn’t pass through the ID verification in such a case.
Also, decentralized exchanges (i.e., the ones connecting sellers with buyers, ensuring peer-to-peer transactions with no intermediaries) often skip this procedure.
You can even make use of so-called Bitcoin ATMs: there are quite a lot of them all over the world, and simple google search retrieves the ones, which are close to your current location. So, if you don’t mind a short trip, why not make use of that option. However, please remember that the fees are likely to be higher than on the Web resources.
