9 ways to buy bitcoin anonymously
Many people worldwide have perfectly legal and legitimate reasons to seek ways to purchase Bitcoin without having to complete any identity verification processes that involve sharing your photo ID. Sharing your identity comes with the threat that someone else might be using your identity. It can also lead to money laundering and tax evasion. So, in this article, you will find out the 9 best ways to buy Bitcoin without ID anonymously.
Mike Peterson, an expat from San Diego, says he was approached by an anonymous donor with a fortune in bitcoin who wanted to see it put to good use. The stipulation was Peterson could not convert the bitcoin into cash. https://t.co/RBqJmsdckl pic.twitter.com/RFFej9bWse
— 60 Minutes (@60Minutes) April 11, 2022
Paxful is a peer-to-peer cryptocurrency trading platform with over 300 payment methods. Accepted payment methods are Bank Transfer, Cash, PayPal, Skrill, Neteller, iTunes gift cards, Amazon gift cards, Cash In-Person, Ethereum, Litecoin, Ripple, etc. US-based users may be required to submit an ID and physical address verification to comply with IRS tax code regulations. There is a $1000 limit on all trades without ID verification.
LibertyX provides users with a physical retail store and ATM locations where they may deposit cash to purchase Bitcoin. Since it is nearly impossible to make such purchases without potentially being identified, we do not recommend this size or type of service to users wishing to purchase Bitcoin anonymously. However, note that the site itself does not require a photo ID.
To use WallOfCoins, one must allow the site access to their location. Transactions conducted through cash or money order deposits to bank accounts must be conducted in person as they must be completed the day the order is created. If the purpose is to purchase Bitcoin anonymously without providing ID, then appearing in person at a bank should not be considered an option. Other options include wire transfer, Western Union, and USPS cash by mail.
Cex.io offers Bitcoin purchases without a photo ID. As a US user, Cex.io was required to provide a Social Security number to link a card as a payment option, so the site does not offer actual anonymity. It simply does not require photo ID verification. No more than $100USD in deposits can be made over the life of the account without verification, and there is a $100 daily withdrawal limit.
ChangeNOW is a decentralized exchange service that allows users to purchase and exchange various cryptocurrencies without creating an account or providing ID. Payment methods accepted are debit/credit cards and SEPA bank transfer through the Simplex account. The purchase limit for USD transactions is $20,000. There is no verification required.
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Bisq is a downloadable application for PC users on Windows, Ubuntu/Debian, MacOS, and Arch Linux that provides a peer-to-peer, fiat-to-crypto currency trading platform through the Tor Network with no registration required. Users who are familiar with Tor will understand how this contributes to privacy and anonymity. In case there is no registration process, there is no limit on trade amounts.
Bitquick promises completed transactions in three hours or less and offers a very simple user interface. Bitquick has a location-based payment system identical to WallOfCoins, which nearly eliminates any possibility of anonymous transactions, at least within the US. There is a tentative minimum purchase amount of $13.42USD, adjusted to account for transaction fees, and a maximum purchase amount of $400 without ID.
LocalCryptos is a direct peer-to-peer trading platform with 40+ payment methods. No identity verification is required: simply sign up with an email address and create a password to act as your private key, and start trading. No buy/sell limits are listed, but minimum amounts per trade exist based on current transaction fees for each specific currency.
- Bitcoin ATM
Bitcoin ATMs, or BATMs, are physical ATM kiosks that allow customers to purchase Bitcoin with cash or a credit card directly from the machine. No photo ID is required to use a BATM, allowing those who don’t have valid ID to purchase Bitcoin virtually hassle-free.