Some traders aren’t comfortable with providing all of their personal documentation when trading. Luckily, there exist a few exchanges which allow for easy sign-ups with only an email address required.
Many of the major exchanges, like Coinbase, require KYC verification. This oftentimes means providing some form of identification, along with your proof of residency and other personal information. After all, KYC is required by all U.S.-based cryptocurrency exchanges. Yet, many exchanges lie outside of these jurisdictions — and, therefore, all you need is an email to sign up. It’s that easy.
Now, as you might expect, some exchanges which only require an email for sign-ups can be shady. With no insurance protection, you might want to stay away from most. However, there are a few exchanges which have proven themselves over time and only require an email.
Here are three of our proven favorites.
Topping the list is, of course, Binance. With just an email, you can withdraw up to two bitcoins daily — which should be plenty for the vast majority of traders and investors.
With all the major trading pairs supported, there’s a reason it’s consistently the leading exchange by trading volume.
However, bear in mind that Binance will soon be closing its doors to American users starting in mid-September. Traders in the U.S. can’t even sign up now anymore. Since the new ‘Binance US’ branch will require basic KYC procedures, Americans will have to find another way to trade with just an email soon enough.
StormGain is an up-and-coming exchange which recently scored one of the highest-profile endorsements in the cryptocurrency space. It’s aiming to be the most ultra-accessible exchange on the market, even offering margin trading multipliers of up to 100x.
Currently, the exchange only supports five major cryptocurrencies:
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Ethereum (ETH)
- Litecoin (LTC)
However, it is rapidly expanding and the exchange could be your go-to if you are looking to trade the major cryptocurrencies with just an email address.
KuCoin is something like Binance’s little brother. Boasting a similar user interface and many of the same trading pairs, it might soon be the perfect exchange for many American users to migrate to.
Requiring just an email address to trade, the platform boasts respectable volume and has proven itself to be safe to use.
Not Your Keys, Not Your Coins
It should be said that, while all three of these exchanges are secure picks for short-term holding and trading, they are not substitutes for wallets. Instead, always have your own private keys and keep stock of your holdings in your own wallet. As the saying goes: if you don’t own the keys, you don’t own the coins.
Do you have any other suggestions for reputable exchanges that require just an email to sign-up and trade? Let us know your thoughts below in the comments.
[Disclaimer: This article should not be taken as an explicit recommendation for any of the mentioned cryptocurrency exchanges. Users should always do their own research and obey the laws of their respective countries. StormGain is a partner exchange of BeInCrypto.]