In this article, we will discuss how you can buy Bitcoin anonymously without sacrificing your privacy. It is generally observed that to buy bitcoins, you need to have proper verification and KYC for security purposes. These are the most legit ways where you can buy Bitcoin anonymously without any risk.
|Exolix||No info. required||Web|
|LocalBitcoins||No KYC||Web, iOS and Android|
|PrimeXBT||No verification required||Web, iOS and Android|
Table of Contents
- If you are paranoid about sharing your private information with platforms, you always have the option to go anonymous.
- We have discussed three platforms (Exolix, LocalBitcoins and PrimeBTX) where you can go anonymous to buy bitcoin cryptocurrency.
- The other two methods of anonymous Bitcoin cryptocurrency trading are by using Bitcoin ATM and Prepaid Credit card.
What is Bitcoin?
Bitcoin crypto is a decentralized digital currency or cryptocurrency, without any central bank or single administrator, that is sent from user to user on the peer-to-peer bitcoin cryptocurrency network without intermediaries. However, the identity of the person or persons who created the technology is still a mystery and goes by Satoshi Nakamoto. To learn more, read What is Bitcoin and How Bitcoin Works?
Why should you remain anonymous while investing in crypto?
Unlike any other asset, hackers can steal a limitless amount of Bitcoin all at once. Furthermore, there is no limit on how many Bitcoins can be stolen, and no authority can halt a suspicious transfer. So, sometimes remaining anonymous might be a safe and intelligent choice.
Platforms to buy Bitcoin Anonymously
How to buy Bitcoin Anonymously on Exolix?
Exolix is a cryptocurrency exchange platform that offers to convert one cryptocurrency to another digital asset. This online exchange platform supports more than five hundred cryptocurrencies like Bitcoin, Ethereum, 1inch, MATIC, and many more.
There are no limitations about your country or age. All you need is an authorized wallet position to buy and sell digital assets and to use the trading facilities. Read our Exolix Review to know more.
Steps to buy
- When you go to the exolix page, you can already see the option of trading without verification.
- Enter the amount of crypto you already own.
- Enter the receipt address and click on exchange.
- Thereafter, transfer the amount of assets you wish to exchange in the address shown.
- On sucessful confirmation, you will receive BTC in the wallet details you provided.
Note: Exolix does not have any details of the company mentioned on the platform. Hence their legitimacy is questionable, so you should trade at your own risk.
How to buy Bitcoin Anonymously on LocalBitcoins?
LocalBitcoins is a non-custodial Peer-to-Peer platform that allows users to buy unlimited amounts of Bitcoin crypto and Ethereum. This Bitcoin crypto exchange supports various payment methods, like PayPal, WebMoney, Western Union, and Wire exchange. This platform is available on the WEB, iOS, and Andriod. To learn more, read the LocalBitcoins review.
Steps to follow:
- Go to the website of LocalBitcoins, and something like this will come up:
- Click on the sign-up, and fill up the minimal information like email, phone number, and username.
- Click on the buy bitcoin option to start trading.
- You will land on this page:
How to buy Bitcoin anonymously on PrimeXBT?
PrimeXBT is a cryptocurrency exchange platform that allows users to access multiple markets from a single account, including Bitcoin. It offers easy access to Cryptocurrencies, Stock Indices, Commodities, and Forex. In addition, you can use Credit Card, Debit Card, and Bank Transfers as payment methods. Also, no verification, as well as KYC, is needed to trade in the platform. This platform is available on WEB, iOS, and Android.
Also, read eToro vs PrimeXBT vs Capital.com vs AvaTrade
Steps to follow
- Go to the PrimeXBT website, now register yourself.
- Minimum information is required, and no KYC is needed.
- After the registration, the platform will navigate you to this page and you are done.
Pros and Cons
|Bitcoin can be stolen, so staying anonymous can help prevent that.||Due to shady activities, anonymous trading is limited|
|Nobody can track your assets and reveal your identity.||You get limited choices over platforms, and some platforms might not be trustworthy|
|You do not have to share your private information with platforms.|
Conclusion: Buy Bitcoin Anonymously
To sum up the case of anonymously buying bitcoin, you need to consider some points. First, buying bitcoins anonymously is not popular and encouraged as several platforms require proper verification for security purposes. Second, few platforms allow anonymous trading but have several limitations.
Finally, popular and trustworthy platforms do not enable unverified accounts, so you can be at risk if you trade on just any platform for the sake of the No KYC policy.
If you want to buy a few bitcoins crypto without being traced, just use cash, and it will solve most of the issues. However, if you are paranoid about providing your ID, there are ways to surpass it. So, it is up to you if you want to go for verification or not. Moreover, you can use any of the platforms below to buy bitcoin anonymously.
Frequently Asked Questions
What can you buy with bitcoin?
Esteemed companies like Microsoft, Wikipedia, AT&T, Intuit and Shopify are now accepting Bitcoin crypto as payments for their services. You could also buy flight tickets with Norwegian Air Shuttle and Virgin Galactic using Bitcoin cryptocurrency.
How to sell bitcoin?
You can sell your bitcoin crypto using several methods, but the most common is stated below with three simple steps:
1. One of the simplest and automated ways to turn your Bitcoin crypto into hard cash is through an exchange platform, so set up an exchange account.
2. Make sure you transfer your Bitcoin crypto to your exchange wallet.
3. Place a sell order.
Should I sell bitcoin?
Bitcoin cryptocurrency is very volatile. The value varies every minute and can only be predicted and not assured. So, if you want to sell your bitcoins, do take some expert guidance.
How to store bitcoin?
Like keeping cash or cards in a physical wallet, you can also store bitcoins in a digital wallet. The digital wallet is generally web-based or hardware-based. You can also put this digital wallet on mobile devices or computer desktops/laptops, or you can keep the wallet safe by printing the private keys and addresses used for access on paper.
How does Bitcoin work?
Each Bitcoin is actually a computer file stored in a digital wallet app on a smartphone or computer. Others can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to others. In addition, you can buy Bitcoins using physical or virtual money.
How many bitcoins are mined in a day?
As of the time of publication of this article, it is calculated that about nine hundred new bitcoins are mined in a day. Therefore, on average, one hundred forty-four blocks are mined daily, and each contains 6.25 Bitcoins.