Post
Topic
Board Beginners & Help
Re: cheapest place to buy crypto for fiat without kyc?
by
timerland
on 30/07/2019, 21:41:12 UTC
You can buy coins without kyc on binance exchange or luno and coinbase,though there is limit buying crytpo on luno and coinbase without KYC
Conibase is not cheapest place where to buy but i always use coinbase too. Cheapest place or with smallest fee will be to buy from someone in your city.
Coinbase has probably one of the highest spreads and is also probably one of the most unsafe platforms to buy from. There have been many cases and Coinbase has admitted to giving away user data, and for a company that charges such large fees and makes you wait 3-5 business days before you can send coins of the site, there isn't a reason why I would use it.

Hi Guys,

My first coins I bought at localethereum.com.
The better offers there have a spread of around 3% to the price at coinmarketcap, plus the 0.75% fee that the platform charges for buyers.

But are there places with better rates and also without kyc?
Also the escrow system on that platform is really nice.

I have been using localbitcoins.com to buy bitcoins from fiat but never heard of localethereum.com. Do they offer same level of escrow as localbitcoins ?

For localbitcoins, you have to verify your identity to be able to put buying selling offers.


Localethereum is legit but less popular so you will find abnormally high buy and low sell prices in there. Escrow is just same as Local bitcoins.

Local bitcoin started enforcing KYC even for normal traders who just want to buy and sell without advertising.
Yep, localethereum is fairly popular and is also a variation of a DEX (Decentralised Exchange) - all the money in your wallet is only controlled by you and when you deposit your coins, you will have access to the private keys where the money is located in. I would personally recommend the use of localethereum for smaller transactions if you can find an affordable spread.