Do you need id to buy bitcoins

After choosing an appropriate seller, the buyer has to enter the amount to buy Bitcoins as well as a payment method. Buyers are free from paying any fee to the site. Arrange a time to meet somewhere public. Very Unlikely Extremely Likely. The two options you have is either paying by cash, which, almost never, require any verification and can thus be done privately.

With Cash or Credit Card

You may have heard that to bitvoins bitcoin one needs to submit a series of identification documents to the trading site. When I first stated using bitcoin in none of the exchange sites asked for passport or yoy bill photocopies. Now in virtually every bitcoin exchange is obliged by law to do full KYC know your customer. This is to prevent cyber-crime and money laundering. Some anarchists say the government worries that you might be gaining too much economic freedom.

Summary of the Best Ways to Buy BTC without ID

Before Bitcoin became famous, people used to believe that Bitcoin was anonymous. Lots of people want to know how they can get bitcoins without using an ID. And there also are certain tricks and tips one should follow to stay anonymous. So to fulfill 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. Localcryptos is a peer-to-peer marketplace which does not require any ID to transact on the plarform. It has on the ground buyers and sellers in nearly 15, cities across the world.

Introduction

Before Bitcoin became famous, people used to believe that Bitcoin was anonymous. Lots of bitocins want to know how they can get bitcoins without using an ID. And there also are certain tricks and tips one should follow to stay anonymous.

So to fulfill 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.

Localcryptos is a peer-to-peer marketplace which does not require any ID to transact on the plarform. It has on the ground buyers and sellers in nearly 15, cities across the world. You can meet sellers online and execute a trade online or offline. Nees 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 bktcoins which is something puts you in control of your funds and platforms works as do you need id to buy bitcoins escrow manager.

The fees are pre-defined and its 0. Caution: Be sure to check the reputation of the seller; a higher reputation means a more trustable seller. Join LocalCryptos. CoinMama is the best option for beginners to purchase Bitcoin without anonymously.

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 owns Bitcoin and you can actually ask them to sell it 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.

Make sure, you use one of these best Bitcoin wallets to receive the funds. The trend of Bitcoin ATMs is not very prevalent. But it is still one of the best ways of buying Bitcoin without an ID. You can simply buy bitcoins from such ATMs in exchange for fiat currency. Check here if your country has a Bitcoin ATM. Bitsquare is a peer-to-peer marketplace for cryptocurrencies like Bitcoins. It is a fully decentralized exchange which requires no name, email ID, or verification.

Every aspect of this exchange is decentralized from placing the order, to matching the order, to executing it. Currently, it supports 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 fo article. Note: Bitsquare was recently rebranded to Bisq due to copyright issues. Download Bitsqaure. Mycelium Local Trader is brought to you by Mycelium, which is a popular Bitcoin wallet.

It is a feature built into the Mycelium mobile app and is available globally. Caution: Make sure the seller confirms the receiving of cash bigcoins front of you on the Mycelium app, and then the trade will be executed automatically. Download the Mycelium app from Google Play. 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. Once they confirm the deposit, the coins which are held in escrow are released to you.

Check out Wall of Coins. Another popular way of buying bitcoins is through ShapeShift or Changelly. However, Changelly requires you to sign up with an email ID, but you can use an alias one. I personally use Changelly for their competitive exchange rates and viewable transaction history for tracking.

If you have altcoins, then you can buy bitcoins in seconds with no verification. 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.

Dk 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!

Like this post? An international speaker and author who loves blockchain and crypto world. After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

Valuable information and excellent information got here! I would like to thank you for sharing d thoughts and time into the stuff you post!! Thumbs up. Your email address will not be published. Save my name, email, and website in this browser for the next time I comment. Notify me of follow-up comments by email.

Notify me of new posts by email. This site uses Akismet to reduce spam. Learn how your comment data is processed. Bitcoin Last Updated : December 8, Buj is iv 62 Shares.

LocalCryptos 1. CoinMama 1. Person to Person Purchase 1. Bitcoin ATMs 1. Bitsquare aka BISQ 1. Mycelium Local Trader 1. Wall of Coins 1. ShapeShift or Changelly Exchange 1. Harsh Agrawal. Join us via email and social channels to get the latest updates straight to your inbox.

Related Posts. Leave a Comment Cancel Reply Your email address will not be published. Signup to our Newsletter. Let Me in. Howdy, Welcome to the popular cryptocurrency blog CoinSutra. Quick Links. Facebook Twitter Instagram Telegram. Share via. Facebook Messenger. Copy Link. Copy link. Copy Copied.

Introduction

There are some sites such as Bitit which offer purchasing Bitcoins using vouchers, which is really cool. Login Your Account 3. Signup to BitQuick. Buying bitcoins is hard and that’s why I built this site. Cheers, Reggie Reply.