Privacy is a commodity in the digital age.
Big Tech continues the harvesting of user data and sensitive breaches continue to worsen globally.
Anonymity is the watchword for the digital millennium.
As Bitcoin becomes more popular, more people are looking at how to buy Bitcoin anonymously.
In the early days of the crypto mania, purchasing Bitcoin (BTC) came with a healthy dose
of anonymity. Governments and regulators hadn’t caught on to the revolutionary
potential of the currency. That meant that banking regulations – known as Know
Your Customer (KYC)
– weren’t yet applied to the crypto space.
Now, despite much of the hype, BTC is recognized not to be
an anonymous cryptocurrency but a pseudonymous, or pseudo-anonymous, medium of
The Bitcoin ledger is a publicly available recording of
every transaction on the network.
CoinSutra » Bitcoin » Best Ways To Buy Bitcoins Without ID (How To Buy Bitcoins Anonymously)
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.
To support such demands, some companies offer anonymous buying/selling of bitcoins.
One of the best things about cryptocurrency is that it
allows for anonymous transactions, and Bitcoin blockchain is not an exception.
While the majority of platforms require going through the KYC procedure, there
are a few places allowing you to buy Bitcoin without verification.
There are many reasons why people want to buy Bitcoin
without ID verification, including:
Why you need to buy BTC anonymously is only your
business – reasons vary from person to person. So, without further ado, let’s
enumerate the available ways.
Of course, you can buy Bitcoin without identity
verification from your neighbor or some BTC trader you know personally.
It’s why the United Nations launched the so-called UN Goal Target 16.9, an initiative aimed giving legal identities to all humans by the year 2030. That’s because there are currently more than 1 billion people on Earth that don’t have official identities as provided by birth certificates, marriage licenses, and so forth.
You can bet that virtually all of these 1 billion citizens are among the globe’s “unbanked” having no access to bank accounts because they don’t have proper I.D. documents to open these accounts in the first place.
This “unbanked dynamic” is prevalent in emerging markets, but so too do we see it just the same in first-world economies. In all of our communities, no matter where each of us hail from, there are many around us who make do without bank accounts and I.D.
Despite the global reputation of being a secure and anonymous mode of payment, truth be told – Bitcoin isn’t totally anonymous. While this may come as a shock to the Bitcoin community or crypto fans in general, each and every Bitcoin transaction is publicly disclosed on a ledger, and authentication steps by exchanges make it easy for Bitcoin to be traced back to you.
World’s leading crypto exchanges, like Binance, Coinbase and BitMEX observe to strict KYC (know your customer) and AML (anti-money laundering) rules, making it difficult for Bitcoin payments to be anonymous. When you’re trying to open an account on a crypto exchange, you’ll be asked to provide:
With such personal information available to the exchanges, do you really think Bitcoin is anonymous?
Like other things, there are workarounds for buying Bitcoin anonymously.
CoinSwitch provides an easier way to buy Bitcoin with credit card (Master/VISA) anywhere in the
world at the best available rates.
Buying bitcoin is not a revolutionary act. And yet the way statists, apparatchiks and politicians bang on, you’d think the mere act of acquiring digital currency was akin to receiving the keys to a pandora’s box in which lurks every illicit artifact known to man. One day, these dinosaurs will begrudgingly concede that buying bitcoin is no more seditious than buying a soda with a $20 bill. But until then, you’ll want to preserve your privacy when acquiring cryptocurrency.
Also read: Wasabi’s Privacy-Focused BTC Wallet Aims to Make Bitcoin Fungible Again
The reasons why you might want to keep bitcoin ownership to yourself don’t require rehashing.
Luckily for you, the content below is going to make the process much easier for you!
In today’s post, I’m going to show you exactly how to buy bitcoins with no ID or verification using a number of payment methods.
You’ll need a Bitcoin wallet before you buy since some exchanges require one.
We suggest using the exchanges listed below or doing research before buying from any exchange.
We do research on every exchange we list and are very careful not to include scam exchanges on our site.
Buyers and sellers create offers and must agree on a price and terms of a trade before a transaction can be made. It’s possible to buy bitcoins with no ID on LocalBitcoins either by buying bitcoins with cash deposit or meeting in person and trading cash.