The crypt industry has matured significantly over the last decade and reached a very important point in its development — centralized regulations. We cherished the dream of a world adopting decentralized currencies and sacking fiat money, but we are still far away from this utopia. Instead, we have to look for ways how to buy Bitcoin with credit card no verification is required.
How to buy Bitcoin anonymously
The era of international exchanges offering their services to all clients without any verification is over. While some obscure CEX platforms provide loopholes, using them can be quite dangerous and often look like a scam. Many established exchanges have to give up some of their autonomy and accept the fact that the industry is now heavily regulated in most countries.
The US, Canada, UK, China, and many other advanced economies demand exchanges to follow many guidelines to ensure that these companies comply with antiterrorist and anti-money laundering laws implemented in many countries.
Unfortunately, for companies like Binance and CoinBase, it would be either going out of business or agreeing to regulations. Now you can’t buy bitcoin with a credit card and no ID. While many companies allow you to use fiat money to purchase tokens, you will need to verify your identity and expose your finances to the government.
It is especially saddening since CEX platforms allow many crypto enthusiasts to use advanced instruments and tools to make profits. Advanced automation provided by companies like WunderTrading, interesting investment products, staking, and other great services can facilitate massive earnings. Sadly, you cannot hide them from taxation.
So, how to buy Bitcoin with a credit card without verification? While there are still some options, many users in nations with strong crypto rules and legislation no longer have the ability to purchase directly on a cryptocurrency exchange.
Apart from that you can also buy bitcoin with visa gift card in very easy steps.
How to buy Bitcoin anonymously
There are still a number of methods you may use to buy Bitcoin without disclosing who you are, or at the very least, without the authorities finding out:
- The most obvious one is to buy from your friend or by using informal places to search for people who will sell you BTC. There are relevant communities on Reddit, some internet forums, and even old-school P2P platforms.
- Using special cryptomats to discreetly purchase tokens. You can pay with cash to avoid any tracking and receive your tokens directly to a hardware wallet.
- Go to exchangers and buy various cryptocurrencies with a markup. You will have to pay extra but can expect to receive your tokens without revealing any sensitive data.
- Using some P2P platforms can be a beneficial choice, but many Peer-to-peer exchanges also implement KYC measures and do not allow you to anonymously buy crypto with any fiat payment. However, you can always exchange your other crypto assets for BTC without any issues.
If you are asking yourself “Can I buy Bitcoin anonymously?”, rest assured that exotic or long-forgotten by the mainstream media methods can be utilized. However, they are not convenient and may require you to put in significant effort.
Exchangers
If you want to purchase Bitcoin anonymously, using an exchanger is a great choice. There are two main issues:
- Prices are much higher compared to spot and P2P markets due to the markup added by the service. It can be quite expensive to buy BTC on one of such platforms.
- You need to read reviews and testimonials before using an exchanger. Sadly, this sector of the crypto ecosystem is full of scammers and unreliable dealers.
Exchangers are still quite popular and provide a valuable service to people who want to get into crypto exactly because it allows them to hide finances and avoid any scrutiny.
Cryptomats
If you don’t mind driving to the nearest vending machine that sells Bitcoin, you can search for a cryptomat in your vicinity. These are popular only in a handful of countries. Don’t expect to find one in many European countries or South America. In fact, Japan and South Korea are two nations where you can find them consistently. On the other hand, these machines are excellent if you want to stay discreet. You can even use cash to not leave any digital trace. It may be the best way to buy bitcoin anonymously.
P2P platforms
The biggest drawback of this method is that you have to trust the other party to fulfill their obligations if you want to avoid any external intervention. Setting up an exchange can be quite challenging when you just search for a seller and plan to work out a deal without the involvement of the platform itself. If you are thinking about where to buy Bitcoin anonymously, this particular option should be below the other aforementioned methods.
