Can i activate iphone with a no contract prepaid sim?

I have an iphone 5 from verizon, can i activate it with a prepaid sim off of ebay with no contract or service whatsoever?

Without service of any kind it will be an iPod period. If that's what you want--it'll work.
Best luck.

Maybe, will out more details it is difficult to say.

Many eBay iPhones are "blacklisted", having bad esn's, useless except for parts. Not all Verizon phones use sim cards, it would have to be unlocked if it indeed has a sim card slot.