No-KYC gold dealer — what is actually allowed in 2026

Q: Is no-KYC gold legal?

Yes, within the thresholds your jurisdiction sets. Most regulators apply KYC obligations to bullion dealers above a cash or cash-equivalent threshold (typically $/€10,000, sometimes lower). Below that, identification is not legally required. Ounceo applies a conservative $5,000 per-order threshold to operate well within the law.

Q: What's the actual threshold by jurisdiction?

US FinCEN: $10,000 cash-equivalent triggers reporting (Form 8300). EU AMLD6: €10,000 cash-equivalent. UK HMRC: €10,000 cash equivalent for High Value Dealer registration. Switzerland: CHF 15,000. UAE DMCC: AED 55,000. Ounceo applies $5,000 to stay safely below all of these.

Q: Is paying in crypto the same as paying in cash for AML purposes?

In most jurisdictions implementing the FATF Recommendations, yes — crypto is treated as 'cash equivalent' for dealer obligations. EU AMLR (2027) explicitly extends bullion-dealer KYC to crypto-paid transactions.

Q: What happens if my order is over $5,000?

We trigger simplified KYC: a passport scan and a selfie verified by a privacy-respecting third party (Veriff or Onfido). We never store the document itself longer than the legally-required retention period.

Q: Can I split a $10,000 order into two $5,000 orders to stay under KYC?

No. Structuring transactions to evade reporting thresholds is illegal in most jurisdictions. We aggregate orders to the same shipping address: above $10,000 cumulative in a 30-day window, full KYC applies regardless of individual order size.

At Ounceo, orders under $5,000 require only a shipping address — no identity verification. Above $5,000 per order or $10,000 cumulative in any 30-day window to the same address, simplified KYC (passport scan + selfie) applies, in line with AML obligations under EU AMLD6, US FinCEN guidance, and FATF Recommendation 22. We do not claim unlimited anonymity at any amount — that would be misleading, and the law disagrees.

Last updated: May 21, 2026

Quick comparison

#	Dealer	BTC	XMR	No-KYC threshold	Shipping	Notes
1	OunceoThis site	Yes	Yes	$5,000 per order, $10k cumulative / 30d	FedEx worldwide	Honest threshold. Shipping address only under $5k. Above that, simplified KYC.
2	Pacific Precious Metals	Yes	Yes	Cash transactions <$10k US	US-only	US-only; uses cash-equivalent threshold for crypto-paid orders.
3	Bull and Bear Profits	Yes	Yes	Cash transactions <$10k US	US-only	US-only; smaller catalog.
4	Major US dealers (APMEX, SD Bullion)	Yes	No	$1,000+ ID request	US-strong	Routine ID requests at low thresholds.

The honest version

Many dealers promise "no KYC ever" to attract privacy-focused buyers, then either refuse to ship above a quiet internal threshold or trigger an ID demand at the worst moment. We don't do that. The threshold is in the footer of every page and the FAQ.

Why $5,000 specifically?

$5,000 is well below the legal trigger in every major jurisdiction we ship to. It lets ordinary single-coin and small-bar orders pass without friction while keeping us comfortably inside the law on larger orders. We err on the side of conservative because the regulators in this space have shown they will retroactively reinterpret thresholds — see the EU's 2025 movement on AMLR.

What we do not do

We do not log IP-to-identity beyond what's needed for fraud protection on the quote flow.
We do not require an account to browse, add to cart, check out, or pay.
We do not share customer data with third parties except under valid legal process.
We do not pre-screen wallet history for sub-threshold orders.

Frequently asked questions

Is no-KYC gold legal?+

Yes, within the thresholds your jurisdiction sets. Most regulators apply KYC obligations to bullion dealers above a cash or cash-equivalent threshold (typically $/€10,000, sometimes lower). Below that, identification is not legally required. Ounceo applies a conservative $5,000 per-order threshold to operate well within the law.

What's the actual threshold by jurisdiction?+

US FinCEN: $10,000 cash-equivalent triggers reporting (Form 8300). EU AMLD6: €10,000 cash-equivalent. UK HMRC: €10,000 cash equivalent for High Value Dealer registration. Switzerland: CHF 15,000. UAE DMCC: AED 55,000. Ounceo applies $5,000 to stay safely below all of these.

Is paying in crypto the same as paying in cash for AML purposes?+

In most jurisdictions implementing the FATF Recommendations, yes — crypto is treated as 'cash equivalent' for dealer obligations. EU AMLR (2027) explicitly extends bullion-dealer KYC to crypto-paid transactions.

What happens if my order is over $5,000?+

We trigger simplified KYC: a passport scan and a selfie verified by a privacy-respecting third party (Veriff or Onfido). We never store the document itself longer than the legally-required retention period.

Can I split a $10,000 order into two $5,000 orders to stay under KYC?+

No. Structuring transactions to evade reporting thresholds is illegal in most jurisdictions. We aggregate orders to the same shipping address: above $10,000 cumulative in a 30-day window, full KYC applies regardless of individual order size.

Methodology

Thresholds were cross-checked against FinCEN guidance (US), AMLD6 / draft AMLR (EU), HMRC guidance for High Value Dealers (UK), FINMA precious-metals rules (CH), and FATF Recommendation 22. Dealer practices were verified from public terms of sale and reports from r/Gold, r/Silverbugs, and the Monero Talk dealer roundup.