Buying cryptocurrency without ID verification may seem difficult or even impossible. Fortunately, some exchanges today do not require identity verification and let you stay anonymous when buying cryptocurrency. Here is our guide to help you learn more about buying cryptocurrencies anonymously.
How to Buy Cryptocurrency Without Verification
The go-to method for buying cryptocurrency anonymously is to pay with paper money.
There is no denying that paying by bank transfer is likely to leave traces of your identity, so cash comes to the rescue. Even though governments are trying to ban this method, it is still the best way to buy cryptocurrency without verification.
If this topic interests you, also see “How and Where to Buy Tezos Crypto” and “Stellar Lumens Cryptocurrency“.
What Is the Best Platform to Buy Cryptocurrency Without Verification?
Binance is the best platform for buying cryptocurrency without ID verification. Here are some of this broker’s advantages over the others:
- Secure and reliable
- Low transaction fees
- Strong privacy protection
- Compatible with all devices
Buying crypto by SEPA direct debit without ID verification is also possible with Binance.
Another Way to Buy Cryptocurrency Without Verification
Yes, there is another method that can help you buy cryptocurrency anonymously: person-to-person purchases. Some sites act as intermediaries and put you in direct contact with a seller who does not really ask for your identity. But we do not recommend it at all, as it carries risks such as scams.
Best Cryptocurrencies to Buy Without Verification
- Bitcoin
- Monero
- Zcash
Does Bitcoin Make You Anonymous?
Bitcoin lets its users stay more anonymous than other payment methods such as credit cards, PayPal and so on.
If we look closely at how Bitcoin works, a public ledger, or blockchain, records all Bitcoin transactions. These records, which contain information such as the payment amount and the sender’s and recipient’s Bitcoin addresses, are available to everyone.
Since bitcoins from previous transactions are used for each new transaction, there is always a history that anyone can see. It is worth noting that no person or entity is linked to Bitcoin addresses. That is why bitcoin is considered a pseudonymous means of payment.
But if revealing your identity is out of the question for you, we suggest buying bitcoin without verification and going through privacy coins. For your transactions, favor decentralized exchanges.
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There are various ways to buy bitcoin anonymously. Here are a few:
- Buying Bitcoin with PayPal Without Verification
Even though several platforms let you buy Bitcoins anonymously, PayPal is not anonymous at all, since you have to fund your account from a source linked to your identity. Coinbase is one of the platforms where you can buy bitcoin with PayPal without verification. But you will need to provide your email address and phone number to make purchases.
- Buying Bitcoin Without 3D Secure
You can also buy Bitcoins without 3D Secure. You just need to use PayPal. With these payment methods, you do not need to authenticate your identity, so 3D Secure is unnecessary.
- Buying Bitcoin Without a Platform
If you are going to buy Bitcoin, we advise you to always buy it through a platform, ideally the best one, which is none other than Binance.
You should really avoid buying bitcoins without a platform to steer clear of scams.
Ways to Store Your Bitcoins
You are probably wondering how to keep your bitcoins safe without anyone knowing how much bitcoin you hold. Here are the storage options available to you:
- Anonymous Bitcoin Card: it works the same way as any bitcoin card. The only difference is that no information about you, such as your name or address, appears on it, and nobody can see your transactions. So your bitcoins are safe.
- Bitcoin Wallet Without Verification: a bitcoin wallet without verification is a better way to keep your cryptocurrencies safe. To keep your bitcoins without anyone knowing what you own, create your own bitcoin wallet without verification. There are two types of bitcoin wallet:
- online bitcoin wallets
- offline bitcoin wallets.
In any case, an offline bitcoin wallet is the best way to keep your cryptos private and secure.
Buying Crypto Without Verification – Bitcoin Price (BTC/EUR)
Sites Without Bank Verification
For your information, some sites do not require bank verification. Here are a few:
- LocalBitcoins
- Paxful
- Bisq
- Uniswap
- Changelly
Conclusion – Is Buying Cryptocurrency Without Verification a Good Idea?
So it is time for the verdict: should you buy cryptocurrency with or without verification? If you are ready to take risks, you can go ahead and buy cryptocurrency without ID verification; but if you have doubts, keep buying cryptocurrency with ID verification. Whatever you choose, make your purchase through a reliable and trustworthy platform.
Want to share your experience of buying cryptocurrency without verification? Leave us a comment!