Platforms and Exchangers To Buy Bitcoins Anonymously
Best exchange to buy Bitcoin anonymously - Bybit
Top platforms and exchangers to buy Bitcoin anonymously:
There's no doubt that cryptocurrency is a fairly new project, which is why many people are concerned about their privacy. However, that shouldn’t be the case with Bitcoins. You can buy Bitcoins anonymously so that your credentials are secured and there's no interference with your private information.
Every fiat money exchange requires personal data, but you're free of that hassle when it comes to Bitcoin.
We have an in-depth overview of platforms and exchanges that enable you to buy bitcoins with minimal fees and without any verification. We've also provided you with a step-by-step guide on buying BTC on peer-to-peer exchange.
Enjoy the thorough analysis and make the right purchase to start your new bull cycle.
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What payment methods can I use to buy Bitcoin anonymously?
Good payment options include cash deposited at Bitcoin ATMs, prepaid credit cards, bank transfers to other users on P2P platforms, and depositing cryptocurrencies on exchanges if coming from an anonymous wallet.
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Is it legal to buy Bitcoin anonymously?
While anonymity has some legal advantages, purchasing large amounts of Bitcoin anonymously could raise regulatory issues in certain countries. In general, smaller buys are unlikely to cause legal trouble but do check your local laws.
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Does using a VPN help keep my Bitcoin purchases anonymous?
Yes, using a VPN that doesn't log can help protect your identity and location when buying Bitcoin online.
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How private is my Bitcoin transaction history if buying anonymously?
Bitcoin transactions are recorded on the public blockchain, so others could potentially link your wallet addresses if not using proper anonymity practices.
Best Platforms To Buy Bitcoin Anonymously
While buying Bitcoin anonymously, most exchanges have a withdrawal limit on cryptocurrencies without verification. Once you exceed that limit, you'll have to give your verification. Here are the top platforms to buy Bitcoin anonymously.
Bybit
Global bitcoin exchange Bybit is renowned for its cutting-edge trading capabilities. With taker costs at 0.075% and maker fees as low as -0.025%, it offers competitive fees. For both makers and takers, the starting fees for options trading are 0.03%. Bybit does not charge fees for deposits or withdrawals; nevertheless, in order to extract coins from the blockchain, a small mining or "network" cost must be paid.
The platform supports over 100 crypto tokens and over 300 spot trading pairs, including major coins like BTC, ETH, BIT, SOL, APE, DYDX, LTC, DOGE, AVAX, MATIC, DOT, and more. Users can purchase crypto on Bybit via credit/debit card payment, third-party payment methods, Fiat Deposit, or P2P Trading. Despite some reported issues with customer service, Bybit remains a popular choice for many cryptocurrency traders.
Paxful
Next on our list is Paxful, a reliable peer-to-peer marketplace on which you can buy and sell Bitcoin. Of course, this platform's ease of use isn't the only best thing, but it's also worth noting that Paxful supports 350 different payment methods.
That includes bank transfer, cash, credit/debit card, PayPal, and Payoneer. In addition, the platform requires no transaction for buyers, while sellers have to pay a 1% commission. Lastly, Paxful lets you withdraw from your bank account and even send funds back.
Features:
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Withdrawing directly from your bank account
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Sending funds to your bank or PayPal account
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Trading in hundreds of different cryptocurrencies
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Selling and using BitCoin via bank transfer.
PrimeXBT
PrimeXBT is one of the most reliable crypto platforms if you want to trade anonymously. Whether you want access to stock indices, crypto, commodities, or Forex, PrimeXBT has got it all.
It offers multiple deposit methods, such as credit/debit card, western union, bank transfer, cash deposits, and MoneyGram. Other than that, it's worth noting that its transaction fee is only 0.001% for both sellers and buyers.
SInce PrimeXBT has cold storage, it's nearly impossible for hackers to access your valuable coins. The best part about this platform is that it lets you copy the trading habits of experts so that you can get the same high returns.
Features:
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Improving your returns by using 100x leverage
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Helping you copy the trading habits of experts to get higher returns
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Responding quickly to changing market trends
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Profiting from both rising and falling prices
Binance
Of course, our list wouldn't be complete without the popular crypto exchange, Binance. Of course, Bitcoin isn't the only crypto it deals with, but you can also trade over 150 other coins on this platform. Plus, Binance provides an API, helping you integrate your current trading application.
The exchange supports multiple payment methods, including bank transfer, PayID, credit/debit card, and cryptocurrencies. Sellers have to pay a 0.02% commission, while buyers pay a 0.04% commission.
There's a certain withdrawal limit when you're trading Bitcoin without verification, but it varies based on your purchase method. Lastly, if you're withdrawing two BTC daily, there will be no KYC.
Features:
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Many different tools are available for trading online.
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One of the safest Bitcoin exchanges in the industry
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Compatible with iOS, Android, Web, and PC users
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No KYC for daily withdrawal of 2 BTC
Crypto.com
Crypto.com is an ideal exchange for diversified investors since it supports many more cryptos than just Bitcoin. The best part is that you can get cryptocurrency loans on this platform of up to 5% of the holdings in your account.
It accepts various payment methods, such as debit/credit cards, PayPal, bank payment, and other electrical methods. However, your payment will only be anonymous if you opt for crypto deposits.
Plus, its transaction fee also varies. For example, if you pay via credit card, you'll have to pay a 2.99% fee. But, if you opt for ACH or wire transfers, there's no fee. Other than that, your level on the exchange also affects your transaction fee.
Lastly, Crypto.com lets you trade up to 100 BTC a day.
Features:
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Ability to trade up to 100 BTC a day
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Using spot and derivative trading orders with up to 10x leverage
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Hosted wallets for over 250 cryptocurrencies
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Offers crypto loans equal to 50% holdings in your wallet
Cex.io
Cex.io, named one of the top 20 global crypto exchanges by Forbes, is another platform that lets you buy Bitcoin anonymously. It has various payment methods, such as MasterCard, Visa card, or PayPal Debit MasterCard.
To secure your assets and data, cex.io provides scalping and frequency trading strategies. Without giving ID verification, you can withdraw Bitcoin worth up to $10,000 on a daily basis. In addition, you can deposit up to $3000 daily.
The transaction fee depends on your payment method, such as 2.99% for VISA, 0% for Domestic Wire Transfer, and more. There’s no doubt that this is one of the best platforms when it comes to limits and commissions.
Features:
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Trading USD for Bitcoin or Ethereum
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Full data encryption protects against DDOS attacks
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Trading more than 10x leverage
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Available in 35 states of USA
Paybis
Paybis a reliable crypto exchange that lets you buy and sell more than just Bitcoin, including Litecoin, Stellar, Ripple, Tether, etc. It supports payment methods such as credit cards, bank transfers, Skrill, cryptocurrencies, and Neteller.
While its commissions and daily trading limits vary, its security standards are very strict. If you ever choose to verify your Paybis account, you can do so in just a few clicks. Plus, its 24/7 live customer support is always there to guide you.
Features:
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Keeping your valuables secure using strict security standards
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Buying crypto from any place with instant payouts
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No fee for the first transaction after signing up
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Low commissions allow you to get more Bitcoins for less money.
BitQuick
BitQuick is another crypto exchange that allows you to buy Bitcoin without ID verification but with ease. This premium service is quick to set up and caters especially to Bitcoin investors. Plus, it supports various payment methods.
That includes bank transfers, MoneyGram, Western Union, and cash deposits. If you're selling Bitcoins on BitQuick, you'll be free from paying any transaction fee. However, you'll have to pay a 2% transaction fee as a buyer.
If you're worried about securing your coins, it's worth noting that your deposits are protected via BitGo's multi-signature wallet.
Features:
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Allows you to buy Bitcoin in just three hours
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Fast and simple transactions
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No transaction fee for Bitcoin sellers
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$400 Bitcoin limit with no ID verification
Bisq
Lastly, you can also opt for Bisq, an open-source, peer-to-peer platform that lets you buy crypto in exchange for fiat currencies. Plus, there's no verification required. Bisq is so secure because it doesn't hold any of your currencies.
Instead, your valuables are simply transferred from one trader to another. The platform lets you pay via wire transfer or credit card. In addition, there's a 0.1% transaction fee for sellers and a 0.3% transaction fee for buyers.
While you don't have to give any verification, it's worth noting that multi-signature wallets hold all your deposits.
Features:
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Storing your data locally on a disk and never sending it to a central server for security purposes
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Offering decentralized governance for a decentralized exchange
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Providing an open-source code with its project strategy is discussed publicly.
Platform | Type | Commission | Payment Method | Limit Without Verification |
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Bybit |
Exchange |
The Taker commission is 0.075%; whereas the Maker commission is 0.025%. |
Visa / Mastercard through a fiat gateway. Conclusion - cryptocurrencies |
daily withdrawal limit is 20,000 USDT |
Paxful |
P2P marketplace |
No fee for buyers; 1% fee for sellers |
Bank transfer, Cash, PayPal, Credit or Debit Card, Payoneer |
Varies |
PrimeXBT |
Exchange |
0.01% |
Credit Card, Debit Card, Bank Transfers, Western Union, MoneyGram, and cash deposits |
Varies |
Binance |
Exchange |
0.02% maker fee and 0.04% taker fees |
Bank transfer (ACH), Credit card, Debit card, PayID, Cryptocurrencies |
Varies depending on your purchase method |
Crypto.com |
2.99% via credit card. |
Bank, debit and credit cards, PayPal, electronic methods. |
Varies |
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Cex.io |
Exchange |
2.99% for VISA and Mastercard 0% for Wire Transfer |
MasterCard, Visa card, PayPal Debit MasterCard, and more |
$30,000 |
Paybis |
Exchange |
Varies |
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill |
Varies |
BitQuick |
Exchange |
No fees for sellers, 2% fee for buyers |
Bank Transfers, Western Union, MoneyGram, and cash deposits |
$400 in Bitcoin |
Bisq |
Open source P2P software |
0.1% maker fees and 0.3% taker fees |
Wire transfer, Credit Card |
Varies |
How to Buy Bitcoins Anonymously
There are several different ways you can buy Bitcoins without ID verification. However, it's worth noting that you must first register no matter what type of platform you're using for trading. That includes CEXs, DEXs, wallets, and P2P platforms.
After that, you must replenish the account balance or send your fiat currency directly to the seller. Some cases, such as DExs, will require you to have a cold wallet to trade Bitcoins.
Here are the various payment methods you can use to buy Bitcoins anonymously.
Bitcoin ATMs
Firstly, you can simply register for an exchange or platform that allows you to make cash transactions. Bitcoin ATMs allow you to do exactly that. By opting for a Bitcoin ATM, you'll be able to deposit cash into your online wallet and buy the cryptocurrency of your choice.
A Bitcoin ATM is an inter-connected kiosk that works similarly to but is not the same as typical ATMs. For example, you can use a Bitcoin ATM map to find the location of your nearest Bitcoin ATM.
The process is simple; all you have to do is scan the QR code of your online wallet. Then, you might have to enter simple verification, such as your fingerprint. Next, enter the amount of BTC you want to buy and insert your cash. In a few moments, you'll receive the BTC in your wallet.
Since they are not that common yet, you can opt for platforms that work similarly.
Direct or In-Person Transaction
Other than that, you can also opt for a direct or in-person transaction with the seller. However, we wouldn't recommend meeting with strangers online just to trade Bitcoin. So, the better option is to opt for direct online transactions.
You can send direct bank transfers to the sellers or use proxy details to protect your information. Most of these platforms don't require you to use accurate personal information.
Wallet Address
One of the best ways to receive or send cryptocurrency anonymously is by deploying your wallet address. Your cryptocurrency wallet address does not require you to attach any personal information to it.
If you're worried about your IP address getting leaked, you can use a proxy to run your online wallet to protect location-aware information.
Prepaid Card
You can also buy Bitcoin anonymously by using a prepaid credit card, which is something you can get from any bank. Platforms such as Paxful will allow you to use this prepaid card to buy Bitcoins without giving ID verification.
How to Choose a Platform to Buy Bitcoins Without Verification
Ensuring that you pick a suitable platform while buying Bitcoins anonymously is crucial. Here are a few factors to consider while choosing a platform to buy BTC without ID verification.
Commissions
Firstly, you must note the transaction fee required by the exchange or P2P platform. Then, make sure that the platform doesn't require a high commission, so you can buy more Bitcoins at a lower rate.
Transactions
You must also ensure that the transaction process is quick and simple. Since anonymous trading for Bitcoins is typically a one-time thing, the process mustn't take up too much of your time.
If speed is your priority, BitQuick is perfect for you since it ensures quick transactions for all cryptocurrencies.
Limits
Also, consider the limit provided by the platform for anonymous trading. This limit will determine how much BTC you can send or receive without giving verification, so it should be as high as possible.
Payment Methods
A large number of payment methods is ideal for diversified investors. Crypto.com, Binance, and PrimeXBT are great examples of platforms with various deposit methods.
Reviews
Most importantly, you should visit the platform or exchange's website to read up on the customer reviews. They'll tell you a lot about the actual quality of the platform's services and speed.
Security
Since you'll be investing a lot of money into Bitcoins, you must ensure that the exchange or platform you choose is secure. The best way to protect your coins is by opting for a platform that offers cold storage.
Cold storage means your cryptocurrency is stored offline, making it nearly impossible for hackers to gain access. PrimeXBT is a great example of a cold storage exchange.
Why Exchanges Require Verification
Buying Bitcoin without any verification methods can be the easy way out if you are going for a one-time transaction. However, if you give long-term plans for buying or selling Bitcoin, or if an investor is interested in active earnings through cryptocurrency, passing the verification means becomes necessary.
That is why exchanges require verification to confirm every necessary detail about the investor. However, the mode of verification is not as complicated as you might think. Instead, the process takes you through a few simple steps.
Moreover, verification has become more vital and mandatory since cryptocurrency exchanges have become more popular in recent times. That ensures no false identity is being used for the exchange, and the amount is not falling into the wrong hands or being faked.
Verification Required for Exchange
Exchanges are the banks linked to the platforms on which the transfer is made. It is a common understanding that banks require verification to register your identity in their bank to confirm that you have an account in their services.
Exchanges also require verification to ensure that they are dealing with a valid person. Though the verification steps take some time to be completed, it’s worth it because it seals security on your money.
The steps are required to verify the identity of customers (also known as the KYC method) and ensure that the amount earned remains safe and secure. They are also quite simple, though they might vary slightly on different platforms.
Step by Step Instructions
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The usual steps are the common verification methods across all platforms, like submitting your passport or national identity card information.
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Some platforms require you to submit your picture, active phone number, and any other personal identification details as mentioned in the methods.
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Furthermore, Binance, which experts widely regard as the best platform for digital currency exchange, has verification steps that differ minutely from the ones mentioned above. This platform demands additional verification steps according to their account levels in ascending manner, according to the services provided with the account levels.
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Binance requires the basic information, i.e., name, nationality, birth date, and residential address, advancing to uploading identity verification like your national identity card or driver's license.
It might seem a tedious task to many people to go through the various steps of ensuring the validation of their identity. But, it is a task that is now mandatory and put in place for your safety.
Summary
Since people are investing millions and billions of their hard-earned dollars into Bitcoin, exchanges try to ensure security via verification. But, some Bitcoin owners are wary of giving out personal information on such platforms.
It is difficult to buy bitcoins anonymously since most platforms require at least some sort of verification. However, with platforms such as Bybit, Paxful, and Binance, you'll be able to protect your identity with ease.
Team that worked on the article
Ivan Andriyenko is a financial expert and analyst. He specializes in trading in the Forex, stock and cryptocurrency markets. His preferred trading style is conservative strategies with low or medium risk, medium and long-term investments. He has 7 years of experience in the financial markets. Ivan is involved in preparation of articles for novice traders, and also of the reviews and evaluation of brokers, analyzing their reliability, trading conditions and peculiarities.
Ivan continuously tests new strategies for various assets, choosing the most effective options. In addition, he believes that helping novice traders is an important aspect of work. He shares information that beginners require – educational materials, strategies.
Ivan’s motto: continuous studying and experimentation lead to success.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.