Best ways to buy Bitcoin with Credit Card | Step-by-Step Guide

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
digital exchange.

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.

by
Kai Sedgwick

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.

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Best ways to buy Bitcoin with Credit Card | Step-by-Step Guide

Luckily, companies like Coinbase (USA, Canada, Europe & UK) and CoinMama (worldwide) have made the process smooth and fast.

Below, we’ve listed 5 proven exchanges for buying bitcoins with your credit card.

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.

Luckily, companies like Coinbase (USA, Canada, Europe & UK) and CoinMama (worldwide) have made the process smooth and fast.

Below, we’ve listed 5 proven exchanges for buying bitcoins with your credit card.

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.

Buying bitcoins via credit and debit cards is one of the most popular and convenient ways to purchase Bitcoin.

Convenience can come at a price, as most cryptocurrency exchanges will charge around 4% for card purchases. If delivery speed isn’t a factor, consider using a bank account to save on fees.

Here are some of the best exchanges we recommend that allow for purchasing of Bitcoin with a credit card.

After reading about each exchange and you’ll be able to decide which one is the best for you.

Then, once you’ve decided which exchange to use look towards the bottom of this page for step by step guides on using each exchange.

Coinbase (review) is one of the most reputable Bitcoin exchanges in the world.

CoinSwitch provides an easier way to buy Bitcoin with credit card (Master/VISA) anywhere in the
world at the best available rates.

Bitcoin has been on a surge, although its value did skid Thursday morning, plunging $2,000 in less than 24 hours after the cryptocurrency trading platform Coinbase experienced a Wednesday outage.

On Sunday, the digital currency soared above $11,000 for the first time in 15 months, climbing to $13,485.85. That’s its highest price since January 2018 before a big crash in November 2018 wiped out 70% of its value and dropped the price below $4,000.

Bitcoin is highly volatile, as those figures show, and is still off its highs of about $20,000 reached in late 2017.

It’s easy to buy bitcoin if you want to see what owning it is like. And if the price sounds too steep, you don’t need to buy an entire bitcoin just to participate in the market.

Get started is fast, secure, and designed to keep your personal info safe.

To prevent identity theft or fraud, you’ll need a photo ID to make sure it’s really you.

Get started with as little as $25, and you can pay with a debit card or bank account.

Coinbase is based in San Francisco and trusted by 30+ million customers worldwide.

Industry-leading security and insurance means your crypto and personal info are safe.

Download the Coinbase app and take control of your crypto everywhere you go.

A lot of customers hold onto their Bitcoin in the hope that its value goes up. You can store your Bitcoin in your Coinbase account or transfer it to a private wallet.

Luckily, companies like Coinbase (USA, Canada, Europe & UK) and CoinMama (worldwide) have made the process smooth and fast.

Below, we’ve listed 5 proven exchanges for buying bitcoins with your credit card.

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.

These days it’s getting much easier to purchase Bitcoin with a credit card. The problem of chargebacks has been mitigated through anti-fraud companies, and more and more exchanges allow credit cards as a valid payment option. In this post I’ll review the most popular methods for buying Bitcoin with a credit card.

The easiest way to buy Bitcoins with a credit card would probably be Coinmama. Here are the steps:

If you want to read in depth about additional exchanges that accept credit cards keep on reading. Here’s what I’ll cover:

Coinmama specializes in Bitcoin purchases through a credit card since 2013. They take a premium fee for their services, and they do not limit you to a maximum amount of bitcoins that you can buy. They provide fast and reliable service.

Buying Bitcoin with a debit card has become relatively easy in the past few years with the introduction of anti fraud systems for Bitcoin exchanges. However, these systems are quite expensive to operate and therefore exchanges will usually charge a premium for buy Bitcoin with a debit card.

The fastest way to buy Bitcoin with a debit card would be through Coinmama. Here are the steps:

If you’re looking for additional options here’s a complete list of exchanges that allow Bitcoin purchases with a debit card.

If you want a summarized review of each exchange with its pros and cons keep on reading. Here’s what I’ll cover:

Using your debit card to purchase Bitcoins isn’t as easy as it sounds. Some exchanges are afraid of fraud and therefor don’t accept debit cards.

The price of Bitcoin is the lowest it’s been in weeks, and you may want to get in in on the action before its value shoots back up again (assuming it ever does). There’s nothing wrong with investing some money in cryptocurrency—as long as it’s money you can afford to lose—but a growing number of people are using their credit cards to buy Bitcoin instead.

Depending on how you go about it, buying Bitcoin on credit can be just as safe as any other method, but it can also be downright dangerous.

Bitcoin has been on a surge, although its value did skid Thursday morning, plunging $2,000 in less than 24 hours after the cryptocurrency trading platform Coinbase experienced a Wednesday outage.

On Sunday, the digital currency soared above $11,000 for the first time in 15 months, climbing to $13,485.85. That’s its highest price since January 2018 before a big crash in November 2018 wiped out 70% of its value and dropped the price below $4,000.

Bitcoin is highly volatile, as those figures show, and is still off its highs of about $20,000 reached in late 2017.

It’s easy to buy bitcoin if you want to see what owning it is like. And if the price sounds too steep, you don’t need to buy an entire bitcoin just to participate in the market.

In some ways, it’s super easy to buy bitcoins with a credit card, but you could slam into a brick wall if you use a particular credit card: some major credit card companies have begun banning consumers from purchasing bitcoin.

Easily the most confusing part of buying bitcoin is choosing an exchange. Benzinga’s guide on how to purchase bitcoin can lead you through that process.

Here are a few exchanges you can choose from, but note that not all of them necessarily allow for credit card purchases. Here are a few of our favorites:

Check out Benzinga’s Best Cryptocurrency Exchange for a breakdown of our favorite exchanges.

J.P. Morgan Chase, Bank of America and Citigroup have all announced that they no longer allow cryptocurrency purchases with their credit cards (though Bank of America’s debit cards still allow crypto purchases).

Buying bitcoins via credit and debit cards is one of the most popular and convenient ways to purchase Bitcoin.

Convenience can come at a price, as most cryptocurrency exchanges will charge around 4% for card purchases. If delivery speed isn’t a factor, consider using a bank account to save on fees.

Here are some of the best exchanges we recommend that allow for purchasing of Bitcoin with a credit card.

After reading about each exchange and you’ll be able to decide which one is the best for you.

Then, once you’ve decided which exchange to use look towards the bottom of this page for step by step guides on using each exchange.

Coinbase (review) is one of the most reputable Bitcoin exchanges in the world.

One reply on “Best ways to buy Bitcoin with Credit Card | Step-by-Step Guide”