Any website you visit and register at may collect data like your IP address, the advertisements you click on, the web/mobile browser that you use, how often you visit the website, and, of course, personal identification information like your name, date of birth, email address, phone number, etc.
Traditional transaction mediums like bank transfers, credit/debit card transactions, and PayPal transactions require you to confirm your identity before or while transacting. The last thing you want is for the details of a financial transaction along with your identification details to fall into the wrong hands – a recipe for disaster.
This is when crypto comes into the picture. There are several platforms that allow you to purchase crypto anonymously. Here is how.
How to Purchase Crypto Anonymously
Here is how you can buy crypto anonymously.
The surest way to buy Bitcoin and other cryptocurrencies anonymously is with cash at a crypto ATM. Visit a crypto ATM near you, deposit cash, enter your crypto wallet address and receive crypto instantly.
Of course, crypto ATMs have higher transaction fees than crypto exchanges, are few and far between, and only offer a limited number of cryptocurrencies. However, if you live near a crypto ATM and want to trade anonymously, there is no better option.
Binance is a platform that allows you to meet potential buyers/sellers and engage in cash-only transactions. Visit Binance’s P2P marketplace and select the “cash-in-person” option to proceed. Be careful and avoid meeting a potential buyer/seller in a shady place.
Keeping Binance P2P aside, you can engage in anonymous trading, deposits, and withdrawals. Of course, there is a withdrawal limit of 2 Bitcoin per day without KYC. This essentially means you can withdraw up to 60 bitcoins per month without KYC! That said, Binance will collect your email address and phone number when you register on the platform.
Peer-to-peer (P2P) marketplaces like LocalBitcoins facilitate over-the-counter (OTC) trades. You can opt for cash on delivery or cash through mail deposits. This enables you to receive Bitcoin and Ethereum with escrow protection, from the safety of your house. Respond to advertisements with a trusted user rating.
PrimeXBT is another platform that facilitates cash deposits. The platform offers easy access to crypto assets, forex, stocks, and commodities. No verification or KYC is necessary. A few key features of the platform include very low fees, up to 100x leverage, and the ability to copy the trading activity of platform experts.
As the name suggests, BitQuick enables you to buy Bitcoin quickly with cash deposits. You can purchase up to $400 worth of Bitcoin without verifying your identity. You will have to pay a 2% fee for purchasing Bitcoin.