Cheapest Ways to Send Money Anonymously

Best Anonymous Money Transfer Apps

For an anonymous money transfer app to serve its purpose, it needs to have a robust infrastructure to ensure that members' details stay private. Achieving this is not easy, and that is why not all anonymous cash transfer apps are made the same.

You cannot simply trust what others say is good. Even the best anonymous cash transfer apps all have different features and qualities. Some of them are faster, some offer more currency options, and so on. You, therefore, need to study what is available to know what suits you best. Here are our picks for the most trustworthy apps, followed by a step-by-step break down of their features:

Apart from our selection, here are more anonymous money transfer apps you can consider:

Wise Anonymous Money Transfer

Wise Review

Open an account

Your capital is at risk.
Via Wise's secure website.

Wise money transfers are semi-anonymous. You will mostly have the ability to transfer money without showing your bank account number, but if the recipient is on Wise, then they will still see your profile picture and name. Of course a way of getting around this is to not use your face as a profile picture and to use pseudonyms.

Safety

Wise employs passwords to transfer money, encryption, and two-factor authentication for logins. They are required by law to safeguard your money, use 3DS for card payments, and have their own internal security team to keep an eye on fraud and protect your funds and data. The FCA in the UK and numerous other regulators all around the world regulate Wise. They follow the guidelines that they have established for the protection of consumers in each area, so clients are assured of safety.

Costs

Wise is among the top 5 cheapest money transfer platforms in the US that is still safe and legitimate. Another great option for people who are on a budget and are not willing to risk security.

Speed

Wise transfers money at a standard speed. Instant transfers are instant and standard transfers take the standard 1-2 business days.

Easy Account Opening

The sign-up process is quite simple; all you have to do is enter your email address, ID information, and fund your account.

Revolut Anonymous Money Transfer

Revolut Review

Revolut also offers the option of sending money using virtual cards. You can also hide your RevTag so that nobody can search for and find you on the application. If you also wish to be untraceable when people have your username, then you can switch off what is known as ‘Payments with Friends’ so that even people you have transferred to will not see your details.

Safety

Yes, Revolut is a reliable firm. As an FCA-authorized institution, Revolut adheres to the FCA's, Electronic Money Regulations 2011, and Payment Services Regulations 2017 to protect your funds.

Costs

Revolut is considered to have low trading fees in comparison to other platforms. It provides a great entry point for people on a budget but who would still like to transfer funds anonymously.

Speed

Revolut transfers are all usually completed fairly fast. Your transfer may, however, take a little longer to reach your account depending on a number of variables, including the specifics of the transfer and the currency you've chosen.

Easy Account Opening

It is easy to open a Revolut personal account. Simply download the app and enter your phone number to get started. A six-digit code will then be sent to your phone to validate the account after you've set a password. Your name, birthdate, address, and email will be required.

Skrill Anonymous Money Transfer

Skrill Review

Open an account

Your capital is at risk.
Via Skrill's secure website.

Skrill allows you to send money anonymously online by using a temporary email address. Keep your identity a secret by using a temporary, unidentifiable email address that you may delete right away after use. Another choice is to raise money, for instance, by using a website for crowdsourcing through Skrill, since anonymous payments can be made through a crowdsourcing platform.

You must, however, input the recipient's name and email address. If you're concerned about people stealing your information, simply select the service that requires the least amount of information, and Skrill scores highly here.

Safety

Skrill is as safe and secure as they come. Since its inception, it has been regulated by the Financial Conduct Authority (FCA)and has always followed relatively strict laws and regulations, doing everything in its ability to keep its users and their money safe and secure.

Costs

Skrill charges up to 3.99% on Visa and MasterCard withdrawals and €5.50 on bank transfers. If you're withdrawing a tiny sum of money, that's a substantial cost. Even if you remove massive amounts of money, this is significantly more expensive than other platforms. For example PayPal which charges no fees for withdrawals.

Speed

The platform normally delivers your money between 24 - 72 hours of receiving your funds. Exact time frames will vary depending on the country to which your money is being sent, the payment method utilized, and the day of the week since transfers are counted in business days.

Easy Account Opening

All you need to get started is a valid phone number and an e-mail address. As an ordinary user, you will need to complete the verification process and make a $5 deposit. You should not pay a deposit for verification if you register at Baxity.com.

Paypal Anonymous Money Transfer

Although Payplal has not always been reliable when it comes to protecting the privacy of its users, it is still adequate for making online payments that are semi anonymous. To make an anonymous online payment using PayPal, you must first activate a payment card or bank account. Your receiver will only see your registered name and email address when you complete the transaction.

This transfer mechanism means that you can create a PayPal account with a temporary email address and fund it with a virtual credit card. You will be able to send payments that are hard to link back to you in this way.

The process is rather long and convoluted compared to other apps, but the fact that Paypal is accepted almost everywhere outweighs this disadvantage. Paypal only works on its website so this method is online only.

Safety

Paypal is widely accepted because it is properly regulated and relatively safe. It has happened in the past, but user accounts are rarely breached, and if the account is hacked it is often shut down so no more criminal activity continues.

Costs

PayPal's payment processing costs range from 1.9% to 3.5% of the transaction amount, plus a set fee of 5 cents to 49 cents. The actual amount you pay is determined by the PayPal product you use. A $100 transaction will cost between $2 and $3.99, with a $4.99 limit for any larger transaction. These rates are not exorbitant but they could be lower.

Speed

Paypal instant transfers can take a few minutes, but bank transfers take a maximum of three business days. Compared to other apps, Paypal is standard.

Easy Account Opening

Opening an account with Paypal is straightforward, but is only as fast as your bank allows. Some banks take long to verify your account and connect to the platform, but most banks do not. Therefore, the ease you will experience opening an account with them is dependent on your bank.

Square Anonymous Money Transfer

Square Cash offers the same functionality as CashApp by allowing transfer and receipt of money using $Cashtags in addition to the fundamental features. Your $Cashtag is a special screen name that enables anonymous payment and payment receipts. While claiming a $Cashtag is not necessary in order to use Square Cash, it is the simplest way for those who do not use Square Cash to pay you. You do not need to create a temporary email for this, though it is advisable.

Safety

Your payments are encrypted to keep hackers out. Square designed and maintains everything, so you don't have to go through anyone else. Payments are secure right away, with no lengthy setup. All card-present transactions are encrypted from beginning to end, making it a relatively safe platform.

Costs

Square offers a Free, Plus and Premium Plan, each with varying transaction costs and the likes. Therefore, how affordable it is will depend on the plan you are on.

Speed

Square has same-day and instant money transfers that transact money in a maximum of 24 hours on business days, even for bank transfers. They are relatively fast.

Easy Account Opening

Opening an account with Square is relatively easy. All you need to do is go to the website, fill in the details and begin your experience.

CashApp Anonymous Money Transfer

Cash App is a popular payment service which you can use anonymously, enabling you to transact money directly from your phone. The software accomplishes this by assigning members unique usernames known as $Cashtag, which they may use to transfer money using only their username, bypassing the need for bank account information.

You will be limited to a daily spending limit of $250 if you do not provide identification and are thus unverified. Additionally, you can use its debit Visa card to make cash withdrawals or transfer funds to any other bank account.

To make a money request, you need to provide a person's email address or phone number. Then both parties must confirm their banking details after receiving the request for the transfer for the transfer to proceed.

Not only are there few restrictions with this service, but it also gives you more options for withdrawing money. It even facilitates Bitcoin trading while adding an appropriate barrier to your privacy when making purchases.

Safety

Cash App employs cutting-edge encryption and fraud detection technologies to ensure the security of your data and money. Regardless of whether you're using a public or private Wi-Fi connection or data service, any information you provide is encrypted and securely transmitted to our servers (3G, 4G, or EDGE). Cash App is a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA).

Costs

When using a linked credit card to send money, Cash App costs 3% of the transaction. When compared to other money transfer apps, this is a fairly standard price.

Speed

Standard deposits are free of charge and are delivered within 1-3 business days. Instant Deposits include a 0.5%-1.75% cost, with a minimum fee of $0.25, and are credited to your debit card immediately.

Easy Account Opening

Cash up is easy to set up. Simply download the app for iPhone or Android, set up a Cash App account, link Cash App to your bank account, and then deposit cash into your Cash App.

Are Anonymous Money Transfer Services Safe?

Anonymous money transfers are as safe as the platform you choose. To determine if a platform is good enough, check which body regulates it, what its reviews are and what security measures it has in place for you to take care of your money.

The good news is that most anonymous money transfer sites will be safe if they are regulated and reviewed favorably, so there is a low risk your security will be jeopardized if you pay due diligence.