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Which is the best multi currency wallet that does not require verification for trading

  • Thread starter Thread starter Justin
  • Start date Start date
You can try faucet pay. It is a micro payment wallet that can also be used for coin sawp. There are a lot of coins available for swaping including doge and BNB coins.
 
Use trust wallet. The only thing you would need is to save the 12 phrases that would be given to you at the time of signing up and you are good to go.
 
The fact is that owing to the fact that there are rampant online scams, Crypto exchange company have to enforce rules for trading certain amount of money thus it will help checkmate scammers . However without kyc verification, you can still trade but it will be limited
 
You can trade crypto currency on platform like binance they don't require high verification to trade and others compared to other platforms ,that's the advantage
 
I think you should go for the one that requires verification because that is the one that will be the most secured and there is little possibility of your account being hacked, anyone that does not require any serious verification is not serious.
 
If you are seeking for the best cryptocurrency wallet that is also available to everyone worldwide and does not need any verification to carry out transactions, then trustwallet is the wallet you need
 
I do not see the reason why you will not want your account to be verified. It is a security measures to protect your funds from people that may want to scam you since you all did the same verification. Mostly all exchange platform must verify your identity before you can make use of their platform to buy and sell cryptocurrency.
 
Trust wallet is good but with trust wallet you are not be able to carry out a full trading like you do in cryptocurrency exchanges,I just believe the best way for you to trade cryptocurrency is for you to register with trusted exchanges
 
I knew there will be many different opinions on this issues. To me, the platforms that ask for KYC has not done anything bad. And if there are platforms without KYC and they are genuine, then there is nothing wrong with that too. It is not everyone that likes the verification thing, and that does not mean that their hands are not clean. Just my opinion.
 
btaliat said:
I will even advice you to run away from wallet that doesn't ask you to verify or go through a process called know your customer before using it. All reputable coins wallets always ask for this to prevent fraudulent acts and I think it is good.
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At least you have to provide just one means of verification when securing your wallet , because that's how to provide the authenticity that you are the real owner of the wallet or else its all a scam.
 
Binance is also a multi crypto wallet , along with trading platform that doesnt require kyc to trade funds in their website, If you are specifically asking about the wallet , you can try trust wallet.
 
Right now I do not think there is even any unless you want to open trust wallet. NYC have become a very important part of the crypto work to know there is a person behind the account.
 
Justin said:
Coinbase and blockchain are multi currency wallet. You can send and receive the top crypto currencies like bitcoins, ethereum, bitcoin cash, litecoins etc. via coinbase ans blockchain wallets. These wallets also allow you to buy and sell crypto, however, in order to trade crypto, your account needs to be verified. Are there any multi currency wallet that does not require users to verify their identity? How can anyone trade crypto without ID verification?
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Yes you are absolutely right but you forget to make mention of paxful as well,they allow you to buy and sell your crypto currency without id verification as well and it is safe to use.
 
Why are you running from ID verification? It is required by cryptocurrency wallets so that they will know those that are trading with them. This is also required to prevent scam activities within your account. So it is necessary.
 
I'm not so sure that you can trade crypto without verification. Maybe there is an app out there that allows you to trade without proper verification, I doubt.
 
Trust wallet is one wallet that I make use of and it's been good so far as there hasn't been any complaint and also it's a multi currency wallet too and not needing of verification
 
Once identity verification is scrapped that makes the marketplace a free run for scammers. I don't think there should be a wallet that should allow trading without verification. That said, nothing is impossible. Despite the strict verification policy a lot of people still fall to scammers. Imagine what will happen without these verifications.
 
There is no multi currency exchange wallet that will not require KYC for verification of users on their platforms. Verification is necessary to protect the sellers and the buyers using the platform to trade.
 
The reason why most cryptocurency platform do require verification and made is mandatory for its members is because of the issue of security,because huge resources are involved here.
 
You should understand that using a platform that does not require verification for trading is not safe because you are at risk of falling into the hands of scammers most especially during P2P transaction, they can decide to scam you after all they can still create another account without having to verify it
 
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