How to Buy Bitcoin Anonymously: Going off the Grid
Cryptocurrencies are completely private isn’t the right information. To purchase or sell Bitcoin, using regular money will require you to provide details like your name, ID, and other banking details.
Banks and the government keep this information as a record. However, if you are concerned about your privacy, then there are ways you can buy Bitcoin anonymously. In this blog, we will be discussing these ways.
In May 2023, there was a huge transaction made of Bitcoins in a day. It was the highest transaction number ever. And here’s the right time to learn how to earn Bitcoin transactions. This comprehensive article will walk you through an introduction to Bitcoin transactions and give an overview of how to purchase Bitcoin privately.
Key Takeaways That You Must Know
- Use prepaid cards or cash for an anonymous BTC purchase.
- Despite that Bitcoin is open, there are still privacy risks.
- Use high privacy wallets like Wasabi or Samourai.
- Purchase Bitcoin privately through ATMs, DEXs.
- To enhance safety, use iProVPN, an encrypted crypto wallet.
What We Will Be Covering
- How Do Bitcoin Transactions Get Processed? (Anonymous Transactions)
- How to Buy Bitcoin Anonymously
- Ways to Ensure Complete Bitcoin Purchase Anonymity.
Process of Bitcoin Transactions [Anonymous Transactions]
The cost of Bitcoin has increased by more than 540,000% in the year between 2012 and 2022. The advantage of Bitcoin and the technology used with it, blockchain, is transparent and open to the users. Once anyone is registered for Bitcoin or makes transactions with it, they have a transparent record of their Bitcoin. Many companies partner with To ensure optimal performance and scalability, many businesses partner with a blockchain app development company to provide a robust performance for scalability.
Bitcoin does not show your real name, but apps and websites ask for the KYC when you sell or buy Bitcoin. The Bitcoin address is still linked to you, and your account can be detected easily. People can track all the details. To purchase cryptocurrency with full anonymity, skip the processes of KYC and AML (Anti Money Laundering). This will keep your information private.
To make it possible, you have to buy Bitcoins from a seller or exchanger that does not ask for personal details. Moreover, they accept payments that are completed via cash or prepaid cards.
Purchasing Bitcoin Anonymously
Cryptocurrency trading is increasing with time, and people are investing, which has increased the graph by 127%. However, there are various ways you can stay anonymous while purchasing BTC.
1. Decentralized Exchanges (DEXs)
One of the ways to keep your identity hidden is by making your Bitcoin purchase over Decentralized exchanges; these platforms do not have a central hub from which they can get any buyer’s information. There are several DEXs like Uniswap and Hodl Hodl where you can purchase Bitcoin while staying hidden. However, the liquidity is less than the other centralized exchanges.
2. Cash by Mail
There are websites where you can purchase Bitcoin, like BitQuick. It works by sending cash to the seller via mail. When your payment is done successfully, you will receive the Bitcoin from the BitQuick website. And takes a 2% service fee.
3. BTMs (Bitcoin ATMs)
BTMs work differently from the regular ATMs; customer needs to add cash to get the BTC or other cryptocurrencies. The blockchain-based transaction sends the purchased bitcoin to the user’s wallet through a QR code. Some BTMs can even create a paper wallet with the option to import a private key for further security.
More than 38,000 BTMs are spread over 81 countries, yet transaction costs can be between 7% and 20%. There are both kinds of ATMs; some may ask you for your ID to follow the rules. But some only required the cash to exchange the BTC, and keep their real identity hidden. Find BTMs nearby, with the help of Coin ATM Radar, and also use KYC to purchase BTC anonymously.
4. Direct BTC Trading
There are online websites like LocalBitcoins and Paxful that connect you with cryptocurrency sellers who first take cash, prepaid cards. Always know who the seller is, especially when buying a huge amount of BTC or any coin. Since there are chances of fraud.
5. Brokers
You can make use of prepaid debit cards to purchase BTC from brokers; they won’t ask you for the information or any ID. Among the P2P sites, SimpleSwap allows you to pay without signing in and using prepaid debit cards.
eToro lets you add money to PayPal with a card, so it’s more feasible to purchase Bitcoin more freely and privately.
6. Private Crypto Exchanges
There are various tools to use to purchase BTC privately from Wasabi Wallet. It uses the features of coin mixing, in which the BTCs are combined with other people. This way, it hides your coin, helps in keeping your information private.
How to make Bitcoin Transactions Private?
It is hard to stay anonymous when doing online payments, so it’s important to stay secure while purchasing Bitcoin. Here are some useful ways that will let you purchase Bitcoins safely, and your address won’t be revealed.
1. Use a VPN
With a reliable VPN service, you can buy Bitcoin with complete privacy. A VPN will hide your IP address, which is your real location is impossible to track anyone. IP address. It will help you make purchases faster and more securely.
2. Use Secure Bitcoin Wallet
While selecting a BTC wallet, make sure it’s a secure one that will allow you to buy coins privately. Use backtesting software or a hardware wallet that has a private mode. Keeping your Bitcoin on a BTC exchange site, the platform is already secured, and any other safety tools you might need. However, you can use a VPN over it.
3. Use a Reliable Internet Device
Use a secure device that you do not use for personal use or that does not contain your information. Moreover, you can keep a separate individual device for cryptocurrency trading, reliable way of securing your private information.
4. Opt for a Reputable Browser
Browsers like Tor are best for keeping users’ privacy, as they do not track or collect user data. Use private surfing settings, and frequently clean your browser’s cache and cookies. This will make it harder for others to keep a check on your online activities.
5. Never Share Your Private Wallet Keys
Make sure to never share your wallet keys with anyone, not even by mistake, and keep your Bitcoin in a secure wallet. Moreover, once you have purchased the Bitcoin, it becomes part of the public record.
6. Skip paying with Debit/Credit cards
When buying BTC, use cash, prepaid, or gift cards for purchasing, since your credit cards and debit cards have all your sensitive financial details and are connected to your personal bank account.
7. Avoid Phone Verification
When you sign in to any cryptocurrency website to buy BTC, it asks for phone verification. To keep yourself private, do not enter your phone number and instead use a virtual phone number.
8. Avoid Private Email
Use a temporary or burner email instead of using your email address on P2P networks or BTC exchanging websites. This will prevent you from spam and fake emails. A personal email has your phone number connected and other account details, by which hackers can easily track you.
Final Note
Globally, 140,000 businesses accept Bitcoin as payment. However, the question of how to buy BTC anonymously remains among the masses. While this article covers everything from how to buy Bitcoins anonymously to points to remember when making transactions, ensuring a VPN usage, such as iProVPN, is essential.
iProVPN encrypts your data for protection against hackers and surveillance. Unblock your favorite streaming platforms instantly with the best VPN for streaming. Consider Bitcoin ATMs (BTMs) for modest quantities with less ID required, while costs are higher, to immediately and anonymously buy Bitcoins. Peer-to-peer (P2P) networks like LocalBitcoins allow you to interact in cash with people in your neighborhood, but be on the lookout for scammers. Wasabi Wallet or Samourai Wallet are known as the best anonymous Bitcoin wallets. Wasabi stresses privacy and includes tools like Ricochet and Tor integration, whereas Samourai emphasizes security. Other privacy-focused alternatives include JoinMarket for CoinJoin and Electrum with a personal server. Cryptographic signatures protect transactions, which are then broadcast to the whole Bitcoin network for approval. These transactional specifics are documented on the so-called “blockchain,” a digital ledger open to the public. No kind of identification is required to send or receive Bitcoin. All you have to do is download a free Bitcoin wallet on your phone or PC. Identification may be required when buying or selling Bitcoin through an exchange or specific Bitcoin ATMs. To purchase Bitcoin privately with prepaid debit cards, follow these steps:
Start Browsing Privately!
FAQs
On specific systems, privacy currencies like Monero may be swapped for Bitcoin. Some sites, like Bitrefill, let users buy Bitcoin using gift cards that can be bought with cash. For customers concerned about privacy, decentralized exchanges (DEXs) like Bisq allow low-KYC trading. Consider cash transactions with reliable contacts for the highest level of secrecy.
Always proceed cautiously when making anonymous Bitcoin purchases, and be mindful of local laws.
