Are you seeking a way to purchase Bitcoin without revealing your identity? Do you find it inconvenient to present your photo I.D. to various cryptocurrency exchanges for identification verification? There are many techniques by which you can purchase Bitcoins without providing any proof.
Is Bitcoin an utterly Anonymous Currency?
Many people believe that Bitcoin is an anonymous payment system in and of itself. However, it is, without a doubt, the most widespread myth. No, Bitcoin is not anonymous in the least.
However, it is true that Bitcoin, the most valuable cryptocurrency in terms of market capitalization, is still more private than conventional financial instruments such as credit cards. Comparatively speaking, Bitcoin is less anonymous than money in the traditional sense.
If you are trying to understand why Bitcoin is not anonymous, it is necessary to grasp how Bitcoin operates. All bitcoin transactions are recorded in blockchains, which are nothing more than a public log of transactions. In each of these transactions, the recorded data includes information.
Is it possible to track down Bitcoins?
Yes, anyone can access the data linked with each transaction. The blockchain contains public data that anybody can inspect. Therefore, the coin’s traceable history is accessible to anyone who wishes to investigate more. The identity of the linked person or entity with the transaction, on the other hand, cannot be determined. This cryptocurrency is known as pseudo-anonymous or pseudonymous to protect its users’ identities.
If you want to use Bitcoins anonymously, you must take some precautions to ensure that your genuine identity is not revealed in connection with the Bitcoin transactions and addresses.
How do I buy Bitcoin Anonymously?
There are multiple places where you may purchase Bitcoins without providing any documentation to prove your identity. However, to buy bitcoins, if you already have crypto currency, you can exchange it to bitcoin through safetradebinaryoptions.
However, to buy bitcoin anonymously, the following places will help you.
CoinCorner
This Bitcoin broker, based on the Isle of Man, was established in 2014. You can purchase Bitcoins (BTCs) valued at up to EUR 1,000 without providing any identification or verification documents. The fees are reasonable as well as competitive. There are numerous nations throughout the world where this service is provided. CoinCorner’s service, on the other hand, is not accessible in the United States. Because of the user-friendliness of their mobile app, consumers can purchase Bitcoins with the help of their smartphones.
BitQuick
With the support of cash deposits at several banks around the United States, it acts as an escrow account to facilitate Bitcoin transactions. During the transaction procedure, there is no requirement for identification or documentation. You will have to supply your phone number, which you can obtain by sending an anonymous email through Skype to any number of people. As a result, purchasing bitcoins anonymously is no longer a concern.
HodlHodl
This peer-to-peer Bitcoin exchange is accessible from anywhere in the world. It makes it possible for people to trade Bitcoins directly with one another. Because the HodlHodl website does not keep any funds for its users, there is no need to go through the KYC and I.D. verification processes. Because HodlHodl encrypts user funds in a multi-signature escrow, the likelihood of stolen BTC assets is reduced. This procedure shortens the amount of time required for trading.
What are the different methods for anonymously purchasing Bitcoin?
Paxful
Paxful is a service that allows traders to purchase Bitcoin online anonymously. It is the quickest and most convenient method of buying the most prominent cryptocurrency in cash and person. The cryptocurrency exchange Paxful is helpful for purchasing bitcoins from your geographical area. Perhaps the most beneficial aspect is registering a Paxful account even using an alias email address. The company does have an I.D. verification mechanism in place, but it is strictly optional.
Bitcoin ATMs
To purchase Bitcoin with cash, look for a Bitcoin ATM in your area. Bitcoin ATMs, where you may buy Bitcoin with money, are available (also called BTMs). It is something you can accomplish in your neighborhood. Instead, consumers can make purchases exclusively with cash at these dedicated ATMs. Generally, BTM fees are high, ranging between 5 percent and 10 percent.
Bitcoin ATMs enable buyers with absolute privacy and anonymity because no confirmation check is performed on their transactions. As a result, purchasing Bitcoins from Bitcoin ATMs will assist you in maintaining your anonymity.
Conclusion
If you want to buy Bitcoins without showing your identity, this article will help you a lot in finding the most suitable way. Thank you.
