Whether you are buying Bitcoin to speculate on price or if you are simply interested in the technology, the whole world shouldn’t necessarily have to know that “you” bought Bitcoin.
We think privacy is important, especially today given the current political climate and overreach of some companies with respect to data privacy. If you wish, you should be able to transact privately in the same way you do with traditional fiat cash vs. with a credit or debit card. Though Bitcoin exists on a public ledger, transactions are only tied to wallet addresses and transactions occur P2P (peer-to-peer) with no intermediary required.
Many people have their own reasons for not wanting to disclose their identity while purchasing Bitcoin. Today, it might difficult to find a service that does not require KYC (know your customer), but those services do still exist. You just have to know where to look.
How to buy Bitcoin anonymously
There are several ways you can purchase Bitcoin anonymously. Let us take a look at some of the ways below.
Buy Bitcoin anonymously here at Bitcoin Market Cap!
If you would like to purchase Bitcoin anonymously, then we might actually be your best option. Bitcoin Market Cap, after becoming a partner with Change Now can provide cryptocurrency holders the ability to exchange one cryptocurrency for Bitcoin without any KYC.
All you have to do is choose the type of cryptocurrency you have and how much of it you would like to exchange for Bitcoin. Automatically, the exchange rate for Bitcoin is calculated. It really is that simple.
When you click exchange, you should see a window pop up looking for you to confirm the exchange rate. Next, enter in the wallet address you would like to send your Bitcoin to. Once you confirm that the amount and your wallet address is correct, accept Change Now’s terms of use and privacy policy. You will then be prompted to send the disclosed amount of cryptocurrency to a wallet managed by Change Now. Then you wait for your transaction to confirm and you’re all done!
Please be careful not to provide a smart contract as your payout address
Enter the recipient’s address
Payment ID (optional)
Enter refund address
In case something goes wrong during the exchange, we might need a refund address so we can return your coins back to you
Person-to-person buying
Person-to-person buying has so far proven to be one of the most anonymous ways of purchasing Bitcoin. Although the purchase process will require that you physically meet the buyer or seller, parties always agree that they never met.
The best way to use this method is to learn about local Bitcoin dealers and then contact them through an online platform.
However, there is some level of risk if you interact online. You should carry out due diligence to ensure that the dealer is trustworthy.
Bitcoin ATM
It is also possible to buy Bitcoin without ID or anonymously with cash via Bitcoin ATMs. Although not many people are aware, there are BTC ATMs in more than 80 countries across the world.
The United States alone has over 3,000 locations. All you need to do is to put currency in the ATM and instruct it to transfer the BTC to your wallet. Please be aware that some cryptocurrency ATMs have begun asking for picture ID or other forms of identification in order to purchase.
Online purchase
There are many people who are still asking how can I buy Bitcoin anonymously online? Well, the answer is yes, you can purchase BTC online without revealing your identity.
A good example is Bisq – a peer-to-peer application process that allows individuals to buy and sell digital currencies using traditional currencies such as euro, dollar among others.
Despite the fact that you can’t entirely rely on Bisq, it is a great option for Localbitcoins.com that requires you to physically meet with the buyer or seller. You can also opt for other options that will require minimal verification details such as Hodl.