Many people mistakenly believe that bitcoin is by its very nature, a completely anonymous currency. Since transactions are recorded in the blockchain, it is not fully true.
However, the biggest need for privacy arises, when someone wants to sell or buy BTC for Fiat. To do it through the exchange, often requires lengthy verification: you need to upload scan of passport, official paper, with the address, Bank statements and other documents. In fact, about any of the privacy promised by bitcoin and other cryptocurrencies, there is no question.
Fortunately, there’s always a way. In this article we will discuss four fully anonymous ways to buy BTC — online and offline.
1. Terminals for sale of bitcoin (ATM)
As the number of crypto-ATM in recent years has increased, buy bitcoin through them is the most obvious solution for anyone who wants to circumvent the requirements of identity verification.
The catch with this method is that these devices typically is a limit of $750, after which you need to pass the verification. However, if you do not exceed this amount, then the purchase will be completely anonymous.
Another difficulty is that such terminals are not yet very common. Currently, about 75% of the crypto-ATM located in the USA and only a few in the largest cities of Europe.
2. P2p buy bitcoin
Currently the most popular peer-to-peer marketplace for trading bitcoins — LocalBitcoins. When using often the available option of a personal meeting with the seller who agrees to send you BTC in exchange for local currency. On LocalBitcoins are the sellers from more than 10,000 cities around the world, so there’s a good chance of finding someone nearby.
All you need to start working on this exchange — to register by entering your email address and user name.
Be sure to review the seller’s feedback before agreeing to the deal. Those who have positive reviews, you can calmly deal with. With people who have opinions little or none at all, caution should be exercised. There were cases when buyers were lured into the trap undercover police. This occurred in countries where the trade of bitcoin is banned or requires a permit.
3. Using a prepaid debit card
In the United States and some other countries, you can simply go to a convenience store and buy a prepaid debit card that can be replenished in cash, no Bank formalities. You then use the same card to buy BTC on any exchange where they are traded for Fiat, such as Coinbase or Kraken.
It may not be the most convenient option, but if you are not near a bitcoin ATM or sellers on LocalBitcoins, then a prepaid card is the best choice.
4. Through the decentralized exchange (DEX)
Perhaps the most anonymous way to buy bitcoins is to use decentralized exchanges. However, the majority of people in Cryptoprotected still not familiar with them.
Such exchanges are a new concept, and many see them trading platform of the future. However, in the current form they are difficult for users who are poorly versed in the technical aspects. The good news is that this area is rapidly developing in the direction of address the difficulties. Representatives Binance, one of the largest kryptomere, said that they are planning to launch a decentralized exchange in the near future.
One of these already-functioning platforms called Bisq, one — AirSwap. Both companies are young, as does the market, and in 2018, he has every chance of extension.
If you are using Bisq does not require verification, and your money will not be stored on the exchange, which also makes it safe compared to traditional exchanges. Through these services you can easily buy BTC. You Deposit the amount you want to buy bitcoins, and then directly contact the seller. Safety is provided by the escrow system.