How to buy Bitcoin online without ID verification

Buy Bitcoin with ID verification

Bitcoin is a cryptocurrency with the largest market cap. Due to its meteoric rise in value, it is now considered a valuable investment option and asset.  Most platforms will require you to divulge your personal information as a regulatory condition due to anti-money laundering laws (AML).

KYC (Know your customer) is almost a sure step in most crypto exchanges. However, there are a few notable ways users can purchase Bitcoins anonymously without ID verification

This page explains how to buy Bitcoin without ID verification and the pitfalls associated with it.

Best platforms to buy Bitcoin online without ID verification – 2021

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What is Bitcoin, and how does it work?

Bitcoin is a peer-to-peer digital currency that uses a decentralized ledger known as a blockchain to facilitate payments. 

The key to the success of Bitcoin is that there is no central authority controlling the transactions. There are decentralized nodes that certify and verify transactions which are then recorded on the blockchain. The records on the blockchain are immutable.

Buy Bitcoin online without ID verification now at our preferred partner

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

How to Buy Bitcoin online without ID verification

Some exchange platforms only offer partial anonymity. Others will offer anonymity up to a certain amount, e.g., BitQuick has a limit of $400. Purchases above the set limit will require ID verification

Some of the methods that offer complete anonymity to purchase Bitcoins include:

  1. P2P platforms – These are platforms that match vendors and buyers.
  2. Bitcoin ATM (BTMs)– BTMs dispense bitcoins in exchange for cash. 
  3. Crypto exchanges – These are centralised platforms where users can buy Bitcoin online.
  4. Swapping Altcoins for Bitcoins

Some of the risks of buying Bitcoins without verification include:

  1. Scams – In-person Bitcoin purchases are susceptible to scams. Ensure to follow the rules and guidelines.
  2. More expensive – This is true for those who decide to use Bitcoins ATMs.

Buying Bitcoins anonymously using P2P platforms

You can use P2P platforms to buy bitcoin without ID. An example of a P2P platform that allows anonymous purchases of Bitcoin include: LocalBitcoins and LocalCryptos. This is only achievable when the vendor and buyer agree to a cash transaction or cash deposit (offline transactions).

Step 1: Sign up and verify your account on the P2P platform. Details about your physical location need to be correct, including the Country and the city. This is because you will need to meet the seller physically.

Step 2: Select buy Bitcoin 

Step 3: Search for the best offers that accept cash in person in your locality. With the chat feature, set up a meeting.

Step 4: Initiate the trade and agree on where to meet up with the vendor.This includes confirming the amount of money you will spend.

Step 5: Meet at the agreed place and on time. Have the cash ready, pay the vendor, and mark it as “paid” on the P2P platform.

Step 6: The vendor confirms whether the payment is in order and then releases your cryptocurrency from the escrow to the wallet associated with your account. Transfer the Bitcoins to an anonymous wallet e.g., Ledger Nano S.

Buying Bitcoins anonymously using Bitcoin ATMs (BTM)

Bitcoin ATMs accept cash in exchange for Bitcoins.

Prerequisite: Download an anonymous wallet to store your Bitcoin.

Follow these steps to buy Bitcoins from a Bitcoin ATM.

Step 1: Locate a Bitcoin ATM ready with cash. Use the CoinATMRadar to locate a BTM near you.

Step 2: Check the requirements for purchase, including the limits, verification, and fees.

Step 3: On the BTM, select “Buy Range,” which gives you a chance to choose the relative(range) amount you wish to spend.

Step 4: A QR code is presented, which you can scan using your mobile phone. The Bitcoins will be sent to your wallet.

Step 5: Feed cash into the BTM.

The screen will display the amount of cash you have input. The number of Bitcoins you will receive, and the address of your Bitcoin’s wallet will also be shown.

Step 6: Finalize the purchase.

Confirm the transaction. You will receive a receipt to confirm the purchase. Check your Bitcoin wallet to verify that the Bitcoins have been deposited.

Buying Bitcoin without ID verification on Crypto exchanges

Some exchanges do not require ID verification to purchase Bitcoins. Examples include KuCoin, CoinCorner, and Bitit. Other platforms like CEX.io and BitQuick allow anonymous purchases only to a certain amount. The steps are:

  1. Account signup (No ID verification)
  2. Enter the amount you wish to spend for the Bitcoins
  3. Enter your credit/debit/bank details
  4. Confirm the purchase details.
  5. Transfer your Bitcoin to a secure, anonymous wallet, e.g., BitLox, Ledger Nano X/S, or Trezor one.

Congratulations, you’ve just bought your first Bitcoin online without ID verification!

Top platforms to buy Bitcoin online without ID verification

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

Swapping Altcoins for Bitcoins

Exchanges like Shapeshifter allow users to swap other digital tokens for Bitcoin. Here are the steps:

Step 1: Ensure you have a digital token, e.g., Litecoins or XRP, which you can exchange for Bitcoins. These can be bought on any other exchange.

Step 2: Go to the Shapeshifter website and choose the coins you want to trade. This involves selecting the coin you want to deposit and which you want to receive, e.g., LTC to BTC. Click proceed.

Step 3: Input your Bitcoin wallet address where your Bitcoin will be deposited. You will also be required to input a “Refund address” where your Litecoin will be refunded if the transaction fails.

Step 4: Sanction the transaction by clicking “start transaction”.

Step 5: Send the Litecoins you are swapping.

Step 6: Confirm that Bitcoins are deposited in your wallet.