Be clear from the start that the tips for buying bitcoin anonymously that we are going to give you here are not illegal. Because we all know that our regulators will not fail to control this digital asset for a variety of reasons. First, his desire is to create a unified tax base. Then there is this restriction to limit, even eliminate, illegal operations such as money laundering. And finally, they want to hold on to our activities. Here are some tips to consider.
Buying bitcoins: the most classic way
Before giving you the tips on buying BTC anonymously, let’s first see how it could be done normally.
1- Exchange option
At present, few banks authorize the purchase of bitcoins within it. This is why you have to go through cryptocurrency exchange platforms like Binance, Coinbase, Kraken or even CEX.IO. Thanks to these, you will be able to exchange, online, euro or US dollars against the queen of cryptocurrencies.
Be careful, we do not blindly choose the crypto exchange to buy bitcoin. So include:
- security: otherwise, you will suffer like Shane Rochman, a Coinbase customer hacked in 2021. Better to choose a platform that uses offline asset cold storage in case of impossible transfer in your own wallet;
- fees: all cryptocurrency exchanges set fees based on transactions or price volatility, known as trading fees. maker-receiver. Expect to pay more by choosing the safest and most important platforms like Coinbase;
- availability of coins: in most cases, this is stated on the site specializing in the sale, purchase of bitcoin or ethereum.
2- Fund the account
You need a link to your bank account or debit card to purchase bitcoin to transfer fiat to your account. But first, you will need to provide personal information such as a social security number, sources of income or an identity document.
Please note, auto bitcoin financing account only means the possibility to buy some.
3- Place an order
A funding account will allow you to purchase BTC. By completing this step, you can enter the amount in fiat to be exchanged for bitcoins or ether, for a fee.
Note that the valuation of your assets will depend on the discount rate of the selected crypto assets. CoinGecko has a quick ride to better verify bitcoin prices. Still, there are exchanges like Coinbase Pro that allow market orders and limit orders.
4- Securing assets
Newcomers to crypto trading are sure to be tempted to store these assets on their own purse. However, the prudent ones get used to getting their hard-earned bitcoins. The option of transferring in a crypto wallet is an example of a very common practice. This type of wallet represents a safe place to store digital assets. We invite you to look at this article to learn more.
Alternatively, some exchanges facilitate the transfer of bitcoins from an investor account to a more secure wallet. Of course, using third party software or a cold storage device like the hardware wallet it will be very useful to you sometimes.
Say some platforms do not allow this type of practice. So much information before signing up for buying bitcoins.
If you have a Venmo, Cash App, Robinhood or PayPal account, you know that these digital payment platforms can grant your desires for buying bitcoin. PayPal and Venmo, for example, allow the transfer of assets in a encrypted wallet. However, they keep their customers’ private keys and this is not suitable for some investors.
In front of them is Robinhood, which has just created a crypto wallet that accepts transferring customer assets to a encrypted wallet which they have.
And if you’ve been following the bitcoin news on Cointribune, know that there are currently banks that facilitate their customers ’access to bitcoin purchases. This is the case with Achieva Credit Union, a Florida – based cooperative that has just filed a banking application to facilitate this task.
Buy bitcoin anonymously in 5 steps
As we said from the beginning, these tips will allow you to get bitcoins without crossing the boundaries. That is to say, not to fall into illegality.
1- Go through ATMs
There are currently about 37,300 ATLs of registered bitcoins worldwide. At the beginning of this year alone, 3,000 BTC ATMs were installed. This is to let you know that their democratization is well underway and truly.
The process for buying bitcoins through ATMs is simple. All you have to do is scan the QR code of your encrypted wallet and enter the desired amount of bitcoins. Note, however, that there is a certain limitation in this process that does not require KYC. The amount of bitcoins available in the ATM wallet is one of them.
At present, there are fewer ATMs in Europe than in the US: only 1,396 are available for 32,807 ATMs in Uncle Sam’s country, which is a new frontier for this trick for Europeans.
2- Go Peer to Peer (P2P)
P2P platforms like LocalBitcoins are where you can meet sellers. This encourages the purchase of bitcoins against local currency.
About 10,000 cities currently host LocalBitcoins affiliate sellers. Which, in our view, represents a great opportunity for investors looking out for No – KYC crypto assets.
However, remember to check vendor reviews before buying anything. In fact, those who collect less positive reviews are skeptical. And it may be that some police officers are hiding behind the vendor profile for countries where this type of activity is prohibited.
For this option, simply provide an email address and username.
3- Use a prepaid debit card
These maps are readily available in countries such as the United States. They allow fast delivery of cash without the need to complete bank formalities. So no KYC.
Once this step is complete, you can buy BTC on any crypto exchange.
4- Select a decentralized exchange (DEX)
DEXs stand for their promise of anonymity in the context of bitcoin buying. Little known to the public, these decentralized exchanges are able to provide you with cryptocurrencies without having to reveal your identity.
Except for the moment, these platforms seem difficult to master. On CoinGecko, you get over 240 DEX and the top 5 are Uniswap (v3), Curve Finance, PancakeSwap (v2) and Jupiter. Note also that there are DEXs like AirSwap and Bisq. The latter will save you the identity verification step and promise you more security for your assets. Since these do not need to be stored on their platform.
5- Select Crypton Exchange
We have specially selected this No-KYC platform for its security and ease offered to bitcoin buyers. All investors around the world will be able to take advantage of the facilities of this crypto exchange with the support of Uptopia P2P. On the Crypton Exchange, there is no censorship or surveillance: information searches, communications and document sharing are performed anonymously and securely.
Its developers have not cooperated with centralized services or state bodies. No request will be made for personal data regarding its users. Because it’s digital offshore, so there are no details about the transactions you plan to make. Also, you will benefit from minimal gas costs and integration into the Utopia community.
Bitcoin, the same as for crypton (CRP), monero (XMR) and UUSD, is purchased on Crypton Exchange as follows:
- opening an account;
- USDT assets were deposited in the same account by switching to the “Finance” tab, selecting the BTC / USDT pair and clicking the “Deposit” button;
- purchase desired bitcoins after copying address for USDT deposit.
A window with the quote “Buy BTC” will appear by clicking on “ Look at the market “. After that, all you have to do is buy the quantity of bitcoins and quote its price. Please note that Crypton Exchange has a “Calculate” function through which the value of your BTC holdings and purchase fees can be estimated.
The question of buying bitcoin anonymously is sensitive at the moment. Of course, we hope you will use it for potential investments and not for criminal purposes. That is why we stated from the outset that the State will condemn any fraudulent initiative involving cryptocurrencies outright. However, the ball is in your court.
Sources: HackerNoon; Am
Get a summary of the news in the world of cryptocurrencies by subscribing to our new daily and weekly newsletter service so you don’t miss any of the essential Cointribune!
The blockchain and crypto revolution is underway! And on the day when the impacts on the most fragile economy in this World are felt, against all odds, I will say that I was involved.