How to buy cryptocurrency anonymously

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Here is a handy video tutorial to help you out:. When trading on P2P exchange platforms, you will have the opportunity to exchange your cash for Bitcoin, by meeting buyers in real life. While this payment method is by far the most private, it is somewhat risky. You may want to buy Bitcoin with paper money but you never know who you're dealing with. In some cases, the people you meet in real life may be scammers or even criminals.

As such, make sure that your trades always occur in public places and make sure that the person you trade with sticks around until your funds have been delivered. In this section, we will talk about a viable alternative that can be used if online transactions are not an option. More specifically, we will talk about physical locations stores that can help you with your BTC transactions.

Some of these stores allow users to buy Bitcoin without ID. Here they are:. CryptoCash is the official crypto embassy of the Baltic states. Not only do they help the local population buy and sell Bitcoin, but they also host an array of events. When visiting the store, you are able to buy Bitcoin without ID, for amounts worth Euros or less. The store also sells crypto merchandise and has dedicated personnel to help people with all the confusing tasks, such as setting up your hardware wallet, making transactions online, and more.

You can find and follow CryptoCash through their official Facebook page. Located in Croatia, BitcoinPit or Bitcoin Store is one of the rather popular stores for buying and selling cryptocurrency. The store has managed to grow in popularity over the past few years and now allows users to buy 12 different cryptocurrencies with cash, cards and other payment methods.

The staff is passionate about cryptocurrency and helps people better understand and buy Bitcoin. According to their website, which is currently in German, investors can buy BTC without any form of ID verification, for amounts up to Euros or Croatian Kuna. The house of Nakamoto is more than just a Bitcoin store. It is a state-of-the-art location for cryptocurrency enthusiasts.

Not only are people able to buy Bitcoin from the store's ATM, but they can also invest in Bitcoin gift cards for up to Euros. Additionally, the store has created a "starter kit" for beginners, which consists of a basic hardware wallet, a Bitcoin guide and an additional gift card of 15 Euros. Moreover, the house of Nakamoto offers the possibility of buying bitcoins in the form of a physical bitcoin security.

This means that they create and store a paper wallet, in the presence of a notary, for significant sums of money. With 3 different branches and 20 employees around the world, Coinsfera allows people to buy Bitcoin with cash and gives consultation services to those interested. It is well known for its OTC over the counter exchange option, which allows large sums to be traded without affecting the market price of BTC. The company supports more than cryptocurrencies, which can all be bought through a number of different payment methods, and is available on multiple channels for direct communication.

The unverified limits for crypto purchases depend on the country, and it's best to contact the company directly, to get a quote. Apart from physical stores, you can also buy and sell Bitcoin with the help of online stores. These may come in handy if the above options do not work for your location. The process is somewhat complicated, so here is a short description of the steps required:. Note that certain payment options are not accepted so you might need to carefully read through the FAQs of the page before starting any transaction.

Coincorner is a UK-based online store that allows users to exchange Bitcoin. The company, which was first formed in , does not require its users to pass KYC as long as the amount they want to spend is less than ,- GBP. What's more, you can download an e-bank card as a mobile app, where you are able to deposit the funds on and make unlimited trades. Apart from Bitcoin, the company allows users to purchase multiple cryptocurrencies, including Ethereum and Litecoin.

Bitcoin ATMs are a great way to buy Bitcoin, especially for people who wish to stay away from exchange platforms. They offer the possibility of cash payments and will always support your local currency, which adds to their convenience. All you need to do before you buy your coins is to create a Bitcoin wallet. Bitcoin ATMs come in different shapes and sizes and are created by different companies around the world.

Therefore, you will most often see different designs for each device. While there is an ongoing effort to implement verification processes to these ATMs, most will not ask for your personal information. In most cases where verification is needed, the only thing that will be asked from you is to verify your phone number.

So, after that is done, what is the best way to discover and make use of a Bitcoin ATM near you? For starters, you can visit CoinATMradar. The website contains a map with pinned locations. All these locations represent Bitcoin ATMs, and they are presented with detailed information. Click on one of the ATMs and you will be able to see more information about the specific device. You will get to know the limits of each device, what verification methods are needed, if any, how to best reach the location, and the times of availability for the customer support.

The process may seem daunting at first but is actually pretty easy to follow. All you need to do is get accustomed to the methods described in this article. Thanks to our near-perfect TrustPilot score - which is probably the highest among other cryptocurrency exchanges on this list - choosing Paybis the obvious choice.

The exchange is built to provide instant, easy and smooth transactions for users of all experience levels. You can reach out via email, phone or by using the live chat option. So, if you are looking to purchase Bitcoin without ID verification, the options presented here are your best bet. Make sure you read through our FAQs, to better prepare for your purchase.

Closing, we would like to touch upon some of the most commonly asked questions from our community, when it comes to purchases without ID verification. There are many reasons for which someone may not want to give their personal information to a third party. These include:. Many people tend to avoid the use of cash trades due to the risks involved.

In this case, the best exchange methods would include bank transfers, e-money services, and gift cards. The platform that has the most options when it comes to e-money services is LocalBitcoins. However, the one that has the highest limits for purchases made through e-money services is Paybis.

Most people tend to think that cryptocurrencies are always bought anonymously. This simply isn't true for the following reasons:. Regulated space - as aforementioned, regulatory parties are now imposing new limitations on cryptocurrency exchanges. This is especially true for exchanges that are based in the United States, as they require more governmental certifications to be qualified as an exchange.

Pseudo-anonymity - Bitcoin is not truly anonymous. Users send and receive Bitcoin by providing their public keys, which are described as an anonymous tag. However, a better term to describe BTC would be a currency that provides pseudo-anonymity. An easy way to understand this transaction method is by looking at authors that write under a pseudonym.

If the identity of the real author is discovered to be linked with the pseudonym, all their previous work will be instantly linked to them. Your public address is like that pseudonym. Every transaction you make with Bitcoin is stored on the blockchain forever.

So, if your identity is linked with a public address and thus whitelisted - all previous transactions can easily be linked back to you. With most exchanges, verifying your ID is a perfectly safe practice to follow. You will not only be able to make future transactions much faster but you will also qualify for higher limits. That being said, some exchanges have been the victims of hacking.

From this list, the only platform that has been hacked in the past is BitQuick. While the platform claimed that no personal information was stolen, it is best to be very careful when conducting trades on that platform. The methods described above are the safest and most common options. The only way you could trade Bitcoin in full privacy is by trading directly with friends and relatives. However, even though your identity will stay off the records, one cannot say that this method is fully private.

If you value your privacy, there are several best practices that you can implement every time you exchange cryptocurrency. These are:. Using a new Bitcoin address for each transaction - A new address is a great way to eliminate the possibility of tracking multiple transactions back to you. This means that you can create a new BTC address every time someone sends you Bitcoin. Implementing different Bitcoin wallets - One more way to protect your privacy when transacting with crypto is to create and use a number of different wallets.

Bitcoin Mixing services - These types of services group together payments of several users into one transaction. It is based on a privacy method more commonly known as CoinJoin, and makes it much more difficult to understand the person behind the transaction. Now, through the brokerage account you created, you can then purchase, invest or manage your stock investments.

When you want, you can also pull the money back into your bank account. However, buying cryptocurrency follows the same idea as well, but the only difference from that of stock, is the terminologies used as language in the crypto world and communities. Let me dive straight through the steps on how to purchase Bitcoin anonymously, or even have your Bitcoin wallet account funded with no ID verification.

Below are all the steps required to buy Bitcoin with no ID instantly:. An exchange is the same as a brokerage, and signing up for a crypto exchange account is also the same as that of brokerage account creation. The only difference sometimes, is that you may not be required to verify your identity on exchange platforms, before your account can be fully activated. If you are looking for the best platform, I would suggest you make use of a P2P i. Peer-to-Peer marketplace to buy any amount of BTC without identity verifications.

Mind you that cryptocurrencies are ordered separately for each one, so you need to buy coins according to allocations. And that beings us altogether to the next step you will need to take immediately to secure your cryptocurrency asset. Now you will need to fully secure your Bitcoin and Altcoins alternate crypto-coins investment, because leaving crypto investments on exchanges can be very risky.

You need a good cryptocurrency wallet to fully secure your Bitcoin investment. However, because anonymity is your main priority, it is recommended that you use an anonymous wallet. In the crypto world you need a secure crypto wallet to hold your Bitcoin, and hardware wallets are the best due to its functionality and security. It is popularly known for its high security and anonymity. LocalBitcoins is a P2P i. Person-to-Person cryptocurrency marketplace, similar to eBay store.

Read my comprehensive review on the LocalBitcoins marketplace. Buyers and sellers create offers, with agreement on a price and terms, before a transaction can be made, while the platform serves as an escrow. LocalBitcoins is available anywhere there is a willing seller and buyer in the whole world.

This platform is very similar to LocalBitcoins , however, this is a non-custodial P2P marketplace. There are more than 40 payment methods accepted. Unlike other P2P marketplaces, LocalCryptos keeps you in charge i. LocalCryptos takes a different approach.

They cut a platform risk by putting you in control of your wallet keys. When trading, only you know your private key — they never take custody of your coins. Using CoinSwitch exchange aggregator, you can buy Bitcoin cryptocurrency with no ID, but that is because you need to have Altcoins already, before you can anonymously exchange them for Bitcoin. If you already have a token like Litecoin or Ethereum, then you can buy Bitcoin in seconds with no ID verification and account required.

Paxful is yet another P2P Person-to-Person marketplace that supports, well over payment methods. Just like LocalBitcoins , it also serves as an escrow. Paxful cryptocurrency platform gives vendors the ability to create offers in all currencies. There are different types of Bitcoin ATMs made by a variety of companies.

Most, however, require no verification whatsoever to buy Bitcoin anonymously. Before buying Bitcoin cryptocurrency from a BTM, know this:. Bitcoin ATMs are private, but there are some downsides. Crypto exchange that wants to get a working license and register in the United States has to be compliant with the US regulations. Another reason is that, the KYC i.