Before Bitcoin became famous, people used to believe that Bitcoin was anonymous. But because everything is recorded on a publically shared global ledger (the blockchain), it is actually not anonymous at all!
Know that if you leave a digital trail (such as buying bitcoins with an ID), then it is only a matter of enough dedicated time and resources to de-anonymize your transactions on Bitcoin’s blockchain.
And that’s why more and more people are finding ways to enhance their anonymity when they interact with the Bitcoin network. Lots of people want to know how they can get bitcoins without using an ID.
To support such demands, some companies offer anonymous buying/selling of bitcoins. And there also are certain tricks and tips one should follow to stay anonymous.
So to fulfil the needs of such users, today I am going to discuss some of the best ways to buy bitcoins without an ID.
But one needs to keep in mind that nothing is a free lunch, and this extra anonymity comes with a cost. These methods are 5- 10% more costly than other conventional ways of buying bitcoins.
That said, let’s begin!!
Top 8 Ways To Buy Bitcoin Without ID & Anonymously
Localcryptos is a peer-to-peer marketplace that does not require any ID to transact on the platform. It has on the ground buyers and sellers in nearly 15,000 cities across the world.
You can meet sellers online and execute a trade online or offline. You can pay in cash or send them money via wire transfer or PayPal or SEPA or direct bank deposit (all depending on the seller).
The wallet is non-custodial which is something puts you in control of your funds and platforms works as an escrow manager. The fees are pre-defined and it is 0.25% for the market maker and 0.75% for the buyer.
Caution: Be sure to check the reputation of the seller; a higher reputation means a more trustable seller.
2. Rango exchange:
Rango is a multi-chain DEX aggregator and a heaven for those who are looking to buy BTC without KYC. It is perhaps the best way to get BTC, ETH, and any other crypto projects without KYC. You can buy BTC using USDT, or any other stable coin or crypto of your choice.
Rango exchange uses the Thorchain liquidity to bring BTC for you without KYC. The process is not very simple for a newbie and is suggested for users who have a bit of experience in crypto and especially Defi.
3. CEX (Requires ID in 2022)
CEX.io is a USA registered exchange that allows users to buy crypto worth $100/day without needing any ID. This is also applicable when you are buying using a credit/debit card.
Update: CEX requires ID for crypto purchases of any size.
- Supported currencies: USD, EUR, RUB, GBP, USDT, BTC, GUSD, OMG, ONT, ONG, USDT, ADA, USDC, NEO, GAS, BAT, ATOM, XTZ, MATIC, LINK, WABI
- Supported payment methods: Credit card, debit cards, SEPA, ACH, FasterPayments, Skrill, Qiwi
Read CEX.io review to find out more about this popular platform.
4. Person to Person Purchase
This is perhaps one of the most underutilized tricks to buy bitcoin without id. As the adoption of Bitcoin is increasing, you might meet a lot of people who own Bitcoin and you can actually ask them to sell Bitcoin to you directly. You will be surprised to find, a lot of them might be ok selling you at the exchange price or even lower at the market price, as they will be saving money on the taxation. You should also check out some of these p2p exchanges for more options.
Make sure, you use one of these best Bitcoin wallets to receive the funds.
5. Bitcoin ATMs
The trend of Bitcoin ATMs is not very prevalent. But it is still one of the best ways of buying Bitcoin without an ID. Some BTC ATMs don’t require you to disclose your identity and they don’t require facial or fingerprint identification.
You can simply buy bitcoins from such ATMs in exchange for fiat currency.
A Bitcoin ATM asks you to scan your public address and transfers BTCs to that address in the equivalent fiat you deposited in it. In some cases, if you don’t have a public address, just select the option of “don’t have an address” and the ATM will generate a paper wallet for you (if it supports that feature).
6. Bitsquare (aka BISQ)
Bitsquare is a peer-to-peer marketplace for cryptocurrencies like Bitcoins. It is a fully decentralized exchange that requires no name, email ID, or verification.
To be a truly anonymous peer-to-peer network, it uses Tor and doesn’t hold fiat or bitcoins on their servers or in their account. Every aspect of this exchange is decentralized from placing the order, to matching the order, to executing it.
Currently, it supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms, but trade volumes are low.
How Bitsqaure works are beyond the scope of this article. But in the future, CoinSutra is going to cover all important aspects of Bitsquare…
Note: Bitsquare was recently rebranded to Bisq due to copyright issues.
Here is Bitsquare’s introductory video:
7. Wall of Coins
Wall of Coins is also one of the best ways to obtain bitcoins without disclosing your identity.
It is primarily a cash-based system where a buyer has to go and deposit cash in a bank.
A Bitcoin seller who has a bank branch near you gives you their bank account details. Then, you can then visit the bank’s nearest branch and deposit cash. Once they confirm the deposit, the coins which are held in escrow are released to you.
Like LBC, the fees are set by individual sellers.
As of now, Wall of Coins is operating in the USA, Canada, Brazil, Germany, Latvia, Poland, and the Philippines.
8. Changelly Exchange
Another popular way of buying bitcoins is through ShapeShift or Changelly.
Both of them require no ID verification to start with.
However, Changelly requires you to sign up with an email ID, but you can use an alias one. ShapeShift doesn’t need an email. I personally use Changelly for their competitive exchange rates and viewable transaction history for tracking.
Conclusion: Buy Bitcoin anonymously
All the methods described above don’t require you to use an ID verification to buy bitcoins, but even still, with more sophisticated techniques, you can be tracked. Sometimes you can be identified by your IP or through the private wi-fi which you are using.
Or you might accidentally disclose your Bitcoin public address online somewhere. Or a seller might track you down from your mobile or vehicle number when you did your face-to-face fiat/Bitcoin deal with them.
These are possible methods of demasking anonymity, so for more serious users of Bitcoin, I suggest you read our guide 6 Ways To Make Untraceable Transactions With Bitcoin.
In the near future, CoinSutra is preparing to share some more proven ways of dealing anonymously with Bitcoin. So keep checking back for all the latest tips and tricks!
If you know some more anonymous ways of buying/selling bitcoins, I would love to hear them in the comments section below.
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