Buying Bitcoin (BTC) without ID is not an easy task nowadays. Those that want to buy Bitcoin without ID have to search for non-traditional methods to do so.
Exchanges and crypto platforms have been adapting to regulations established by countries all over the world. If you want to handle Bitcoin through traditional platforms you will have to share your ID and private information.
This is part of the KYC and AML procedures that have been implemented in different jurisdictions. If you want to know how to buy Bitcoin without ID, we will share all the information you should have.
Where to Buy Bitcoin Without ID?
There are many platforms and ways to buy Bitcoin without id verification. It is just a matter of finding the right way to do so. Although it might be somehow complicated the first time, it shouldn’t be so difficult if you do it regularly.
As you search for exchanges that would fit your needs to purchase digital assets you should do the same if you want to buy and send bitcoin without id verification. This would allow you to find the correct platform to buy bitcoin without id.
There are some platforms and ways to buy Bitcoin without id verification. However, not all of them may be accessible to you. This will highly depend on the region where you are located.
So then, where to buy Bitcoin without ID? There are some P2P platforms that are currently allowing users to get access to BTC without sharing private information. These P2P platforms can be a great way to get access to the cryptocurrency market.
P2P Exchanges Without KYC Verification
This is the list of P2P platforms that will answer your question to where to buy Bitcoin without id.
P2P Exchanges Without KYC Verification
HodlHodl is the first platform that you should think of if you want to avoid KYC verification. The platform does not hold your funds, users can sign up and just start trading. They work with escrow addresses and contracts. Users control their information and funds.
Wall of Coins
Wall of Coins is a decentralized P2P cryptocurrency exchange platform. Users can buy and sell Bitcoin without ID. The company has been working since 2017. Buyers and sellers are connected with each other and they do not need to provide KYC data. In recent years, this platform became one of the most popular in the market. Users can buy Bitcoin without ID in just seconds and using a user-friendly interface.
BitQuick can be one of the easiest and fastest ways to buy Bitcoin. You can select the funds you want to buy from the order book. You then have to pay the sum shown in cash with physical bills to the account of the receiver. You will just have to go to any branch of the sellers’ bank and fill out a deposit slip. Once you do so, you will have to upload the receipt to the link that you receive via email. This is how easy you buy Bitcoin without verification with BitQuick. Take into consideration that there is a purchase limit of $400,00 without ID.
Other Methods to Buy Bitcoin Without KYC Information
Bitcoin ATMs are also a good way to buy Bitcoin without ID. However, not all of them are available for users to buy BTC without ID. Some of them have identity verification. Furthermore, this might not allow you to buy bitcoin with credit card without id. You should use cash in most of these ATMs. You can find in this link the locations of Bitcoin ATMs around the world.
Bisq is also a great solution if you want to get access to Bitcoin without providing private information. In this platform, you can get connected with buyers and sellers without sharing private information.
Totalcoin works not only as a place to buy and sell Bitcoin but also as a cryptocurrency wallet. You can download it to your smartphone or use the web version. In this platform, you can use only your email account to buy or sell BTC using their services.
How to Buy Bitcoin Without ID?
As you can see, there are different ways to acquire Bitcoin without KYC. However, not all of them will be available where you are located. If you want to buy Bitcoin with credit card without id in Germany, you might not have the same platforms as a person in Colombia.
You can also purchase cryptocurrencies from voucher vendors and redeem the funds online. This could be an alternative if the above-mentioned platforms are not available in your region.
Now that you know where to buy bitcoin without id, you just need to learn how to use these platforms. Each of them is going to work in a different way. This is similar to using a bank account from different banks. Each platform has different characteristics and offers different solutions to users.
Some of them may allow you to buy and send Bitcoin without id verification using bank accounts. Other solutions would only have available the debit or credit card option. Bitcoin ATMs for example would only handle cash. This is going to make it very easy for users without technical knowledge to get access to Bitcoin.
If you want to protect your privacy even further, you can always buy Bitcoin from people you know. This is going to protect your data and privacy much better than any of the platforms mentioned before. However, we know it might be somehow difficult to do so. This is why it is always good to have contacts that would be ready to buy or sell BTC.
How to Buy Bitcoin Online Without ID?
The solutions to buy Bitcoin online without an ID have been mentioned in the previous sections. This is why you should avoid the P2P networks that propose you to meet in person. Moreover, if you want to buy Bitcoin online without ID, you will definitely want to exclude from your solutions Bitcoin ATMs.
Online solutions are those platforms that are connected to the internet and where you do not need to physically move. In general, these online solutions tend to be more comfortable and provide better rates than in-person purchases.
Nevertheless, it is worth noting that in some regions there are no online platforms available to buy Bitcoin. This is why Bitcoin ATMs or local voucher vendors expanded around the world.
If you want to buy Bitcoin online and without an ID, you should definitely check if in your region there are services available. If not, you would have to select among those solutions that allow you to buy Bitcoin with cash or in person.
Where Can I Buy Bitcoin Without ID?
There are different ways to buy Bitcoin without ID. You can use online and offline solutions. Everything will depend on the availability in your region and the solutions you feel more comfortable using.
The following are some of the most popular places where to buy Bitcoin without ID.
- Cryptocurrency exchanges without KYC
- P2P platforms online
- P2P platforms offline
- Bitcoin ATMs
- Local Vendors
- Through Vouches
- Decentralized Exchanges
These are allowing users to get access to the most valuable virtual currency in the world. Some of the above-mentioned solutions will have different fees and commissions. This is why you should search for the one that will be the most convenient for you.
Moreover, there are other things that you need to take into consideration. For example, some platforms will require you to use an email account. Some others would not even request you to open an account. Nevertheless, not all of them work in the same way and the payment options will also be different.
While some solutions would not allow you to use credit or debit cards, others would definitely offer you this possibility. If you want to use cash, the best thing to do is to use off-line solutions, including ATMs or vouchers.
Decentralized exchanges (DEX) are also a great way to trade bitcoin without ID. The decentralized finance (DeFi) market is offering different possibilities to traders and individuals. DEXs do not require you to register to start trading. You can start using your wallet and exchange your virtual currencies.
If you hold Ethereum (ETH) or other ERC-20 currencies, you might be able to exchange them for Wrapped BTC (wBTC). This is a virtual currency that allows you to have exposure to Bitcoin without holding it. For each wBTC in the market, there is a BTC backing it.
The main difference is that Bitcoin cannot be used in DEX because most of them run on top of Ethereum. Furthermore, DEXs do not require you to register, share your private information or pass KYC regulations. This is why this can be one of the best ways to buy Bitcoin without ID verification.
How to Improve Privacy While Handling Cryptocurrencies?
There are different ways in which you can improve your privacy while handling cryptocurrencies. Even if you do not have access to the platforms mentioned before, there are some things you should know to protect your privacy.
If you want to buy and send Bitcoin without ID verification, you can use some of the methods we described. But protecting our privacy in the market is certainly very important. Even if we buy Bitcoin using traditional exchanges or platforms, we should protect our data and information.
One of the things you can do is to change the BTC address you use. This will allow you to reduce your exposure to malicious entities that would like to track your activity. BTC and crypto transactions are public. Everyone can see and analyze them. That’s the reason why you can change your wallets every time you make a transfer.
Additionally, you can use cryptocurrencies such as Monero (XMR) that protect your information. While BTC information is always available, Monero does not allow private data to be shared with third parties. You can have the same benefits as if you buy and send Bitcoin without id verification.
Advantages and Disadvantages of Buying Bitcoin Without ID
There are positive and negative things if you buy Bitcoin without ID. Analyzing the pros and cons will give us a better idea of whether it is worth to buy Bitcoin without ID. Using these advantages and disadvantages would also help you understand where is the best place to buy Bitcoin.
- It is more private than using traditional exchanges
- Some of the platforms work in a very efficient way
- Reduces your exposure to data leaks
- It allows you to engage with the Bitcoin community in a different way
- They offer you the possibility to buy Bitcoin offline
- The interface of the platforms may not be so user-friendly
- Fees and commissions are usually higher
- They have weaker customer support
- These platforms might not be available in all the regions
Of course, there are other things that you can take into consideration. Everything will depend on what you are looking for. If you want to buy Bitcoin without ID, analysing these things is going to be definitely important.
Buying Bitcoin Without ID Final Verdict
The good news is that there are different ways to get access to Bitcoin without ID. This is going to help those users that really want to protect their privacy while using the internet. Our data is currently exposed, used, sold and exploited.
Both private and public companies are leveraging their positions to control people more. If you want to have access to Bitcoin, it is certainly good to know that we can do it without providing an ID. Even if there are some KYC regulations in place, some platforms are helping us to buy Bitcoin without ID.
Following the advantages and disadvantages shared in this article, you will also get a better idea of what you can expect if you are searching for places to buy Bitcoin. That being said, governments are increasing their pressure in the market. They want exchanges and platforms to get users’ data. 2021 will be an important year to understand how the market is going to evolve.