Buy Bitcoin Anonymously
JANUARY 13, 2020 / 15:18 UTC
LONDON (Fintech Zoom) – Buy Bitcoin Without ID – Before Bitcoin became famous, people used to believe that Bitcoin was anonymous. But because everything is recorded on a publically shared global ledger (the blockchain), it is actually not anonymous at all!
Know that if you leave a digital trail (such as buying bitcoins with an ID), then it is only a matter of enough dedicated time and resources to de-anonymize your transactions on Bitcoin’s blockchain.
And that’s why more and more people are finding ways to enhance their anonymity when they interact with the Bitcoin network. Lots of people want to know how they can get bitcoins without using an ID.
However, there are ways to get bitcoin anonymously, without performing ID verification, quite in the spirit of a decentralized system. In this article, I will explore some options which will allow you to purchase Bitcoin anonymously and without verification – Buy Bitcoin Without ID.
Person to Person Purchase
Buying in cash from friends is that the best, safest and most anonymous way to purchase cryptocurrencies like Bitcoin. What if your friends don’t have coins? Don’t worry. Have a look if there is a Bitcoin meetup happening in your town soon (Meetup.com is your friend) and you will surely find someone willing to trade there and sometimes the meeting places even have a Bitcoin ATM, which brings us to the next point.
Bitcoin ATM Machine – Buy Bitcoin Without ID
If you don’t know anyone willing to sell you some Bitcoin, the first place to look for is a Bitcoin ATM. Most large cities have a Bitcoin ATM machine and some even have several! Check on the web if you’re one amongst the lucky people who include a handy Bitcoin ATM in their town. Bitcoin ATM’s are fairly easy to use and let you purchase Bitcoin anonymously with your credit or bank card.
CoinMama is a beginner-friendly exchange, Europe-based exchanged which provides small crypto purchases without verification. To be exact: You can take up to $150 worth of Bitcoin without getting to complete a verification process. This is acceptable and easy, the buying process is fairly straightforward too. Sign-up, accept your amount from the dashboard, enter your credit card details, verify the code sent by email and you are done! Make certain you have established a Bitcoin wallet first though. You can use a website like bitaddress.org to engender a free Bitcoin paper wallet in just a few minutes. Be certain to save your public and private keys securely.
If you’re seeking to gain Bitcoins anonymously, then the simplest way would be to buy Bitcoins in cash and person. Use Paxful to find someone willing to sell Bitcoins for cash next to your physical location. You can use an alias email address to sign up to Paxful and the verification id process they have is optional. When you use cash, it’s easy to go on untraceable as there is no information for the transaction. Keep in mind that most sellers on Paxful don’t like anonymous buyers, however, since you’re paying in cash it should be less of an issue.
LocalBitcoins is a significant crypto exchange. It is a real peer-to-peer trading platform which measures you are buying coins from other users who are adjacent and will trade. If you don’t want to enter your bank details, you can set up a meeting through the local bitcoins messaging platform. To do this, just go to a local seller’s trade, filter for those who offer cash payment, message them and arrange a meeting to complete the purchase in cash in-person.
Another well-liked exchange system very almost like changelly is Shapeshift. It functions just like Changelly: it will set up a temporary wallet for you whenever you require making a trade. No registration or verification needed! A thing to keep in mind while practicing shapeshift is that not all currencies are available. Check and make sure that the crypto token you get is open for swapping. It should be mentioned that Shapeshift takes a fee on the crypto swap so you will get a little less of the pair currency you have exchanged for.
Localcryptos is a peer-to-peer marketplace which does not require any ID to transact on the plarform. It has on the ground buyers and sellers in nearly 15,000 cities across the world.
You can meet sellers online and execute a trade online or offline. You can pay in cash or send them money via wire transfer or PayPal or SEPA or direct bank deposit (all depending on the seller).
The wallet is non-custodial which is something puts you in control of your funds and platforms works as an escrow manager. The fees are pre-defined and its 0.25% for market maker and 0.75% for buyer.
Bitsquare is a peer-to-peer marketplace for cryptocurrencies like Bitcoins. It is a fully decentralized exchange which requires no name, email ID, or verification.
To be a truly anonymous peer-to-peer network, it uses Tor and doesn’t hold fiat or bitcoins on their servers or in their account. Every aspect of this exchange is decentralized from placing the order, to matching the order, to executing it.
Currently, it supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms, but trade volumes are low.
Wall of Coins
Wall of Coins is also one of the best ways to obtain bitcoins without disclosing your identity.
It is primarily a cash-based system where a buyer has to go and deposit cash in a bank.
A Bitcoin seller who has a bank branch near you gives you their bank account details. Then, you can then visit the bank’s nearest branch and deposit cash. Once they confirm the deposit, the coins which are held in escrow are released to you.
Conclusion: Buy Bitcoin Without ID
All the methods described above don’t require you to use an ID verification to buy bitcoins, but even still, with more sophisticated techniques, you can be tracked. Sometimes you can be identified by your IP or through the private wi-fi which you are using.
Or you might accidentally disclose your Bitcoin public address online somewhere. Or a seller might track you down from your mobile or vehicle number when you did your face-to-face fiat/Bitcoin deal with them.