Bitcoin is a decentralized cryptocurrency that allows users to send and receive the valued coin. Anyone can buy bitcoin, but some people prefer to do their business online anonymously. In this article i will show you how to buy bitcoin anonymously.
How to buy bitcoin anonymously ?
One of the main challenges of buying bitcoin anonymously is finding a platform that does not require you to verify your identity by providing your personal information. Most of the popular and regulated platforms , such as Coinbase, Binance, Kraken have a strict know your customer (KYC) and anti money laundering policies that require users to submit their docoments and proof of address before they can use their services.
Lets look at how you can buy bitcoin anonymously
Peer to peer platforms : These are platforms that connects buyers and sellers directly. They allow users to choose their preferred payment method such as cash, bank tranfer, paypal, gift cards . Some of the most popular peer to peer platforms are Paxful and Bisq.
Bitcoin ATMs: This is the fastest way to buy bitcoin anonymously, these are machines that allow users to buy or sell bitcoin using cash or debit cards. They are usually located in public places such as malls, cafes, or gas starions. They are convenient and fast, as they do not require any registration or vefification. They may charge a high fee for thier service, usually between 5% to 15% of the transaction amount.
Prepaid cards : These are cards that you can buy at any supermarket or convenience store, using cash or any other payment method. They are not linked to your name or bank account, and they can be used to buy goods and services online. Some of the platforms that accept prepaid cards as a payment method for buying bitcoin are Coinmama,Bitit and CEX.io. These platforms may require you to provide some basic information, such as your email address and phone number, they may not ask you to verify your details but you may be limited to the a certain amount of bitcoin you can buy.
Whatsapp groups: this method is almost similar to peer to peer transations. Here a person post on the group chat that he or she is selling a certain amount of bitcoin, if the seller does find a buyer they will have to discuss the payment terms and location, This method is risky as you can be scummed.
Buying bitcoin is one way to store value but it can also be volatile, and Bitcoin transations are not completely anonymous, as they are recorded on a puplic ledger that anyone can access and analyze. This means that anyone can trace the origin and destinationof the bitcoins as well as the amount and time of the transation.