Blockchains are secure and imitable, but these publicly-circulated ledgers aren’t anonymous. In contrast, crypto assets are designed for transparency. If you make crypto investments, analysts can dedicate sufficient resources to track down your identity.
The Bitcoin blockchain and other crypto networks qualify as financial services, and the law requires them to know the customers they serve. The Anti-Money Laundering legislation requires them to collect your ID at some point while serving you.
Most folks took an interest in these digital assets because they thought transactions would be untraceable. While cryptocurrency networks don’t offer anonymity by default, there are ways through which you can buy bitcoins anonymously.
The convenience of buying cryptos directly from your device is unbeatable, and if you can remain anonymous while at it, even better!
In this article, we highlight some of the websites that make it easier for you to achieve this. These websites charge a bit extra than what bitcoins usually cost, but the kind of privacy you’re after does not come for free.
So, let’s dive into five of the best websites that are absolutely worth your time.
LocalBitcoins facilitates peer-to-peer crypto exchanges. It works pretty much like eBay, and it’s fueled by willing-buyer, willing-seller consensus. You can find numerous sellers offering their bitcoins for cash. P2P Bitcoin exchanges enable sellers to bypass costly taxation, and LocalBitcoins will empower you to buy bitcoins without any ID.
Through LocalBitcoins, you can directly communicate and make deals with potential sellers. The platform makes money from these exchanges by levying escrow services. These services are powered by Smart Contracts, making it hard for scammers to dupe diligent bitcoin buyers.
This website is reliable because it rates sellers by keeping reviews of their transaction history. Therefore, you can tell apart genuine sellers from scammers by just scrolling.
You’d be surprised by just how many sellers are out there. The great thing is that LocalBitcoins is available anywhere there are sellers, and you could buy bitcoins anonymously at your local coffee shop.
This website lets buyers purchase bitcoins via cash deposits. It empowers you to buy bitcoins fast and anonymously, but the cryptocurrencies cost a bit more.
BitQuick was launched in 2013 and is registered in Ohio, United States. This website only serves Americans, and it only accepts cash deposits. You can buy bitcoins anonymously from sellers by depositing cash to their bank accounts.
You can head over to the website and find suitable sellers. After agreeing on the pricing, the seller locks currencies into the BitQuick escrow, and the bitcoins are transferred to your crypto wallet when you deposit the agreed cash amount.
For verification, you must meet up with the seller, who should take a picture of the deposit receipt and upload it to the system. This service only charges 2% for buying bitcoins.
BitQuick only sells bitcoins. You can buy as little as bitcoins worth $10 and as much as $10,000 worth of bitcoins at a go.
3. Wall of Coins
Wall of Coins is yet another peer-to-peer marketplace for trading cryptocurrencies. This service is registered under Genitrust Inc., and it generates daily traffic of 25,000 unique visits.
Wall of Coins is famous because users can buy bitcoins anonymously via cash. It helps buyers and sellers to come together, serving the United States, the United Kingdom, and Germany.
Enjoy anonymity, buying bitcoins without an ID because Wall of Coins is unregulated. You can buy and sell various cryptocurrencies on this website, which accepts three methods of payment, including:
- Bank of America’s Teller Assist.
- MoneyGram Deposit.
- Cash deposits at banks.
This website does not impose transaction limits. It is also a great option because it offers a live chat, allowing you to communicate with sellers directly. You can also access customer support via phone calls.
Wall of Coins holds sellers’ bitcoins in escrow, and it releases them to you when you complete the payment instructions.
4. Bisq (Formerly Bitsquare)
Bisq offers fully decentralized exchanges, and it does not require any personal information or ID verification. Therefore, this service does not hold users’ funds.
It is a peer-to-peer network, and users exploit it for anonymity. They visit it via secure browsers such as Tor. Users trust the platform because of its open-source structure.
Bitsquare launched in 2016, and it allows bitcoin sellers to create offers by locking agreed amounts in escrow. Both sellers and buyers make holding fees of 0.001BTC, and they also pay transaction fees for the service.
Since Bisq does not hold any money, crypto or fiat, it uses arbitrators as escrows. Bisq arbitrators are frequent users of the platform who perform escrow services on third-party terms.
Arbitrators deposit huge security fees to Bisq to finance trust. If arbitrators make away with seller’s bitcoins or buyer’s fiat money, their deposits can make up for the losses. They perform this role in the pursuit of earnings from the transaction fees.
This website serves over 100,000 users in over 100 nations. It is a non-custodial platform offering peer-to-peer, decentralized crypto trade.
LocalCryptos empowers you to buy bitcoins anonymously, most transactions only taking ten minutes. No third parties are involved, and your messages with the seller are encrypted. This website is secure and trustworthy thanks to its blockchain integrity. It offers escrow services for you to buy bitcoins online without the fear of loss.
This Australian crypto exchange lets you track ads of people selling various cryptocurrencies. It does not impose national restrictions, and it is welcoming to foreign investors.
The ease of use is phenomenal. You have over 40 payment options available, and you can use non-custodial wallets to enhance control over your financial assets.
LocalCryptos will charge you 0.75% in trading fees when you buy on its platform.
Bitcoins are pseudo-anonymous, but most supporting services such as emails, banks, and custodial wallets require ID verification. Analysts just need to pick up your number or email address to reveal your identity.
Your best shot of buying bitcoins anonymously is through peer-to-peer exchanges. Sellers on these platforms are probably just as motivated as you are in seeking anonymity.
No matter how anonymous websites selling bitcoins get, it beats the point if you use custodial wallets. Non-custodial bitcoin wallets don’t require your ID verification, but custodial wallets report to financial regulators.
Don’t get anonymous money and take it straight to the scrutiny of third-parties. Use non-custodial digital wallets with the best websites to buy bitcoins directly from your device, anonymously.
Do you know of other ways to buy bitcoins anonymously? Be kind enough to share your proven tricks with us in the comments section. Also, feel free to share this piece with loved ones who want to buy bitcoins anonymously.