Central banks have made it far more difficult to acquire Bitcoin without an ID in recent years. Most cryptocurrency exchanges that previously permitted consumers to buy BTC without providing identification do not allow buying bitcoins anymore. This is due to the fact that all regulated cryptocurrency exchanges are now required to follow a set of criteria.
Following the norms and regulations of the EU and the US, all platforms are now obligated to authenticate their users' identities before initiating a transaction.
Therefore, to acquire Bitcoin and other cryptocurrencies throughout the world, you must first authenticate your identification. Now the question is if you want to conduct transactions anonymously, how is it possible? Let’s check it:
Is It Possible To Trade Bitcoin Without Verifying Your Identity?
Yes, it is possible. The German site CryptoMonday.de says, “Nach unseren Recherchen haben wir festgestellt, dass es viele Plattformen gibt, auf denen Menschen aus der ganzen Welt tatsächlich bitcoin ohne ausweis kaufen können.”
What they say is translated in English as “According to our research, we found that it is difficult to buy Bitcoin without ID but not impossible. There are many cryptocurrency platforms where users from around the world can buy Bitcoin without verification”.
So, there are a variety of options with which you can buy Bitcoin while staying anonymous. Some, like BitQuick, do not place limits on the amount that may be traded.
Bitcoin ATMs also allow you to buy Bitcoin with cash discreetly. Let's get into the nitty-gritty of these platforms where you can buy Bitcoins without the verification of an ID.
Methods To Buy Bitcoin Without ID In the UK, US, And Germany
1. LocalCryptos
Localcryptos is a marketplace where you can purchase Bitcoins without verifying your ID. It has traders available in approximately 15,000 places throughout the world supporting over 130 countries including the UK, Germany, and the US.
You can ask vendors online on this platform and complete a transaction either online or offline. You may make payments in cash or transfer funds to them by wire transfer, PayPal, or bank transfer.
The wallet that it provides is non-custodial, which means you retain ownership over your assets, and the platform acts as an account manager. The costs are fixed at 0.25 percent for the trader and 0.75 percent for the buyer. Before making a purchase, you should always check the reputation of the seller because a good reputation indicates a more trustworthy seller.
2. Person to Person Purchase
This is another method to buy bitcoin without ID verification. But this method is overlooked. As Bitcoin's popularity grows, you may encounter a large number of individuals who hold Bitcoin, and you can ask sellers to send you Bitcoins. You might be shocked to learn that many of them are willing to sell you at the exchange rate or even cheaper at the market rate in order to save money on taxes. You should also look at some of these peer-to-peer swaps for extra choices. To get the payments, keep in mind that you utilise one of the top Bitcoin wallets.
3. Bitcoin ATMs
Bitcoin ATMs are a relatively new phenomenon. However, it is still one of the finest methods to acquire Bitcoin without a credit card. Some Bitcoin ATMs do not need you to reveal your name, nor do they demand face or fingerprint identification.
You may simply swap fiat dollars for bitcoins at such ATMs. A Bitcoin ATM requests you to enter your public address before transferring BTCs to that address in the equivalent currency that you placed in it.
4. Changelly Exchange
Changelly is the two more popular ways to purchase bitcoins. To begin with, it doesn’t need ID verification. Changelly asks you to join up with an email ID, which you may use as an alias. ShapeShift does not require an email address. Changelly is a service I use because of its inexpensive exchange rates and visible transaction records for auditing.
However, you must have supported cryptocurrencies such as LTC/ETH/DASH/etc. to trade for BTC using this technique. If you have altcoins, you can purchase bitcoins in seconds without having to verify your identity.
5. Bitit (Available In Europe only)
Bitit enables customers to acquire bitcoin (BTC) in a couple of minutes online using a 3D Secure credit or debit card, and with cash at more than 150,000 Local Stores using Neosurf or Cashlib gift cards.
You can buy bitcoins with your first 25 euros without ID verification, but you must enter personal information such as your complete name, birthday date, country of origin, your city, home address, and phone number.
6. BitSquare
Bitsquare is a cryptocurrency marketplace that operates on a peer-to-peer basis. It is a completely decentralised exchange that does not require a name, email address, or verification.
It now offers 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms; however, trading volumes are minimal
7. BitQuick
BitQuick enables the purchase of bitcoin through cash deposits at thousands of institutions across the United States.
Users reach an agreement on a transaction price, and the seller transfers bitcoins to BitQuick, which acts as escrow.
The buyer of bitcoin (BTC) transfers cash into the bank account of the bitcoin seller. BitQuick delivers the bitcoins to the purchaser after the seller verifies the payment.
Pros And Cons Of Buying Bitcoins Without ID
Pros
- You can keep your monetary data personal.
- You don't have to undergo a long ID verification method.
- Makes cryptocurrency accessible to the calculable one billion folks around the world.
Cons
- Many cryptocurrencies aren’t really anonymous, thus your dealing may probably be connected to your identity.
- There’s continuously the chance that your need to stay anonymous attracts suspicion and unwanted attention.
Conclusion
All of the ways outlined here do not require you to provide an ID verification to acquire bitcoins, but you can still be traced using more advanced approaches. Your IP address or the private wi-fi you are utilising can sometimes be used to identify you. However, if you still want to buy Bitcoin without ID, the solutions described here are the right fit for you.