Today, we are discussing an interesting topic — how to buy Bitcoin anonymously. While many think purchasing crypto like Bitcoin is anonymous and can’t be traced back to the individual who bought it, the reality is far from it.
Using sophisticated tools can reveal a buyer’s identity. Moreover, most major crypto exchanges require ID to buy Bitcoin. So, avoiding KYC becomes more challenging, and we know how important security, privacy, and safety are when buying digital assets.
Fortunately, there are ways for those who want to buy and sell Bitcoin anonymously while keeping their identity hidden. Keep reading to find out more.
Is Bitcoin Anonymous?
Bitcoin isn’t fully anonymous but rather pseudo-anonymous. Every user has a public address that can be traced back to an IP address or an exchange account through network analysis, revealing the user’s identity.
The ledger is public and available, so there is zero privacy. Digital wallet addresses can be matched to people’s identities in several ways, one of which is the blockchain analysis we mentioned. Another is the Know-Your-Customer/Anti-Money Laundering policy of many exchanges.
The Bitcoin ledger includes information on each account’s balance, so if someone relates you to your digital wallet, they can also know the amount of bitcoins you have.
How to Buy Bitcoin Anonymously
Several methods are available for you to buy Bitcoin and still hide your identity:
- No-KYC Exchanges: The list of secure and reputable no-KYC crypto exchanges gets smaller as government agencies require crypto exchanges to collect personal data and comply with regulatory requirements. Yet, some investors still value anonymity above all else and prefer exchanges that don’t require KYC or KYC is only needed over a specific limit.
- Decentralized Exchanges: A DEX isn’t governed by anyone; it is an exchange operating through the blockchain and doesn’t ask for personal information. However, these exchanges offer less liquidity compared to CEXs and are more complex to use.
- P2P Exchanges: Another way to buy BTC anonymously is by doing it in person using cash. Many peer-to-peer marketplaces can connect you to people in your surroundings who are willing to sell BTC for cash, gift cards, or prepaid debit cards. Still, this comes with the risk of getting scammed.
- Bitcoin ATMs: Depending on your location and the transaction size you want to make, some Bitcoin ATMs don’t require your ID. For instance, in Europe, you don’t need to provide any personal information if the amount is under €150.
Top Places to Buy Bitcoin Anonymously Without ID
We will highlight the best places to buy Bitcoin without asking for an ID.
1. Best Wallet – Best Platform for Buying Crypto Anonymously
Best Wallet is a new decentralized crypto exchange and a Web3 wallet that lets users buy coins by providing no personal information but their emails.
Users can track real-time loss or profit with quick views of current values and purchase prices. With Best Wallet, users can gain the latest market insights, like market sentiment, trending tokens, and real-time updates on critical projects, enabling them to sell, buy, and manage cryptocurrencies more efficiently.
Best Wallet protects users’ accounts using security measures like passcodes and biometric authentication. Users can also set it to lock automatically if they lose their phone.
A Best Airdrop campaign allows users to register, complete quests, engage with Best Wallet socials, and earn $BEST tokens. The platform facilitates cross-chain interoperability and currently supports Polygon Mainnet, Ethereum Mainnet, and BSC Mainnet.
2. Margex – A Top-Rated Cryptocurrency Exchange With an Amazing Referral System
Margex is among the top-rated cryptocurrency exchanges, with over 500 registered users in 153 countries. It offers high liquidity, fast execution speeds, and many benefits to users. Although the process may not be entirely straightforward, as it requires payment with another cryptocurrency, it allows you to buy Bitcoin without undergoing identity verification.
When trading Bitcoin, investors can access futures and spot trading markets. Margex users can set up price alerts and stay updated on all price changes and important market movements. Moreover, they can benefit from the platform’s referral system by gaining 40% commission from their referrals.
Margex also offers one-click copy trading functionality. In addition to trading, users can also earn staking rewards. The platform provides 24/7 customer support to offer its users readily available assistance.
3. Exodus – Anonymous Bitcoin Exchange, Offering Built-in Cross-Chain Token Swaps
Exodus is another top choice that prioritizes control and privacy, with no registration or verification required to use its services. The platform has over 300 digital assets available, and users can receive and send any of the supported assets with a scannable QR code or an address.
Exodus offers a built-in swap, tailored for people who haven’t used swapping. It simplifies the process, and assets can be swapped in seconds.
The platform ensures that all transaction data and secret keys stay on the user’s device, not an Exodus-run server. Due to the local storage, there’s less risk of data being stolen or accessed without permission. Security features include backup choices and encrypted private keys.
Exodus offers information about the portfolio’s best and worst-performing assets using its user-friendly interface.
4. BloFin – A Reliable Exchange With Advanced Product Features and Meticulous Trading Framework
BloFin is a reputable exchange for investing in Bitcoin with an industry-leading trading system. Thanks to its advanced product features, meticulous trading framework, and diversified exchange ecosystem, users can trade confidently and easily.
The platform holds a 1:1 reserve of all customer assets, providing its customers with full transparency of their funds and the platform’s reserves.
BloFin offers advanced functionalities such as copy trading and bot trading, which enable traders to replicate successful strategies from the past or receive instant alerts when lucrative trading prospects emerge.
BloFin has partnered with one of the best AI-powered blockchain intelligence platforms and aspires to adopt AnChain.AI’s Know-Your-Transaction solution. Another collaboration is with Fireblocks, which represents an industry-leading asset custodial institution, ensuring users get the highest level of security.
5. AlphaX – A Decentralized Exchange, Ideal for Privacy-Focused Traders
If you are wondering where to buy Bitcoin anonymously, consider AlphaX. It is one of the best decentralized exchanges aiming to redefine the crypto experience. It’s good to know that AlphaX’s core members and founding team are experts from leading internet companies’ elite teams and top financial institutions.
Users should also rest assured that the platform stores most of their assets in secure, offline storage and ensures double-layered protection for their accounts and assets. AphaX is ideal for privacy-focused traders as it merges the security of decentralization with the speed of centralized exchanges.
The platform ensures security and user privacy through smart contract-managed transactions and two-factor authentication. It supports Ethereum and Arbitrum, its Layer-2 network, enabling lower fees.
All of these features, along with a user-friendly interface and mobile apps for Android and iOS, compensate for the lack of 24/7 live chat support.
6. Zengo – A Non-custodial Wallet That Uses 3FA
Zengo is an excellent non-custodial wallet with over a million users and no seed phrase vulnerability, which is ideal for security-conscious investors. It uses MPC technology, providing users with total control over their funds.
Users can view, store, and use DeFi, NFTs, and thousands of dApps. The multi-chain wallet supports Ethereum, Bitcoin, Polygon, and over 120 crypto assets. It offers 24/7 customer support. Thanks to the platform’s 3FA: Zengo recovery file, users’ email accounts, and 3D FaceLock, users’ accounts are always recoverable. Moreover, the 3D FaceLock biometric verification prevents unauthorized withdrawals over a custom-set amount.
Zengo’s inheritance-style feature supports digital asset continuity throughout generations. Its Web-3 Firewall protects and alerts against Web3 attacks. Zengo comes as a mobile app for Android and iOS.
7. KCEX – A Safe Trading Platform Offering Multi-Lingual Services
If you want to know where to buy Bitcoin without ID, check out KCEX, a safe and reliable trading platform. Signing up for an account requires only an email address or phone number, after which users can immediately start trading on the future and spot markets. The platform offers high-quality, multi-lingual services 24/7 to over 1 million users in dozens of countries globally.
In addition, individuals have the option to trade Bitcoin futures and perpetual contracts and use up to 100x leverage to amplify the potential value of their trades. The platform is available on desktop or through the mobile app on Android and iOS.
Its TradingView integration allows users access to many charting patterns, which can help when conducting technical analysis.
Bitcoin ATMs: No ID Needed
If you want to know how to buy crypto anonymously, consider an ATM. But how does a Bitcoin ATM work? First, go to your closest Bitcoin ATM and choose how much you want to buy.
Then, enter cash into the anonymous Bitcoin ATM to cover the full price. The ATM will then issue a receipt with a wallet address and a private key.
Typically, a QR code must be scanned using a mobile wallet to claim the tokens.
Bitcoin ATMs have high fees—10–20% above the BTC price. They are usually located in bigger cities, so they may not be suitable if you live in a remote location.
However, there are Bitcoin ATMs that don’t allow for anonymous purchasing. Some need to check your phone number and require you to provide an ID. They also scan your face to compare it to the ID you provided.
Why Stay Anonymous
There are many reasons people want to stay anonymous when buying Bitcoin. Let’s explore the most common ones.
Privacy
People want to buy Bitcoin with no ID as they don’t want to give out their personal information. If a person doesn’t provide their name, address, phone number, and other details, there’s no risk of them being stolen or shared without permission. That’s extremely important these days, as even the best crypto exchanges suffer leaks of customers’ data.
And why give out personal data for a simple transaction? Still, most Bitcoin exchanges require a KYC process, asking users to provide personal data, ID, contact details, and address. Many also ask for a photo of you holding your ID or passport next to your face.
Some recent developments that have caught people’s attention are Bitcoin Ordinals, which add another layer of uniqueness and privacy to your transactions.
Avoid Third-Party Risks
Most Bitcoin exchanges are centralized, meaning you have to trust a third party. Still, there’s always the chance that your data, including your government-issued ID, will fall into the wrong hands.
Traditional exchanges are also targets of remote hacks, so you’d need to trust that they will honor your withdrawal if you want to transfer Bitcoin to a private wallet. You don’t have to worry about data leaks and identity theft if you find a place that will allow you to buy Bitcoin anonymously.
Broader Accessibility
Many people like buying Bitcoin anonymously due to increased accessibility. Based on World Bank’s data, over 850 million people don’t have an official government-issued ID. So, they can neither buy BTC using traditional channels nor complete the KYC process.
Let’s not also forget that some people live in countries where Bitcoin is banned. In fact, Bitcoin is illegal in Algeria, Morocco, China, Tunisia, Oman, Bangladesh, Iraq, Qatar, and Egypt. Investors from these countries would have to buy Bitcoin anonymously.
Increased Purchasing Speeds
Another reason people want to buy Bitcoin while keeping their identity hidden is the time-consuming KYC procedures. That’s especially bothersome when manual verification is required. In those cases, exchanges must manually review the ID and address and compare them to the initially provided details.
Suppose the exchange has many applications to process. That means the verification process could take several days to complete. Finding a place to buy Bitcoin without using any of these procedures can substantially speed up the process.
How to Buy Crypto Without ID
Even the most profitable cryptocurrency can be bought without verification; just follow these three simple steps.
Step 1 — Download Margex
Visit the Margex website and download the app. It is free and compatible with Android and iOS. You only need to provide your email address for personal information. Next, you will need to set up Face ID for 2FA.
Step 2 — Transfer Cryptocurrency to Your Wallet
The only way to buy Bitcoin without revealing your identity is to deposit cryptocurrency into Margex. That’s because the ChangeNOW and Changelly payment providers, which support fiat currency, also require KYC.
You can deposit any token supported by Margex. Just go to the wallet tab, search for the crypto you want to deposit, and click deposit. After that, use the QR code provided or copy your wallet address. It takes up to 3 minutes for Margex to update your balance.
Step 3 — Convert Cryptocurrency to Bitcoin Anonymously
The final step is to click “Trade” on the platform’s main dashboard. Then, choose the crypto you want to exchange and select the pair from the drop-down list. Enter the number of tokens you wish to swap and confirm the order.
Margex will then source the best exchange rate possible, and Bitcoin will show on your wallet balance.
Conclusion
Now that you know how to buy Bitcoin anonymously, you can choose whatever works best for you. Remember that the higher the level of anonymity, the more effort it takes.
We found that the best way for you to make the purchase while keeping your identity hidden is through a trusted exchange like Margex. It doesn’t require you to complete KYC, and you can always stay anonymous.