How to Buy Bitcoin Without a Credit Card
Review and compare the top platforms to Buy Bitcoin Anonymously and select the best place to buy Bitcoin without id verification:
Buying Bitcoin or crypto anonymously may be needed for privacy or some other reason. Bank transfers, credit cards transactions, PayPal transactions, and other forms of traditional transactions require you to verify identity before or when transacting. For instance, they require you to verify names, locations, addresses, and phone numbers.
Privacy coins and anonymous transactions are not just applicable when working for crime investigation departments. If you are paranoid or fear that your transactional information is or may fall into wrong hands as happens with rogue banks and legacy systems, or have other security concerns, crypto is there for you.
Other use cases for anonymous transactions include cutting out excessive personal selling that comes with transaction tracking, preventing wrongful/bad targeting by authorities, and many other reasons.
This tutorial aims to guide you on how to buy Bitcoin anonymously without verification. We have listed places where you can do exactly that.
What You Will Learn:
- How To Buy Bitcoin Without Id Verification
- Frequently Asked Questions
- List Of The Best Apps To Buy Bitcoin Anonymously
- Comparison of Platforms to Buy Bitcoin Without ID
- #1) Coinmama
- #2) Binance
- #3) Coingate
- #4) Lobstr Wallet
- #5) Paybis
- #6) BitQuick
- #7) Bitcoin.com
- #8) DameCoins
- #9) Paxful
- #10) Localbitcoins.com
- #11) Bisq
- #12) Shapeshift
- Conclusion
- Recommended Reading
How To Buy Bitcoin Without Id Verification
These are the ways to buy bitcoin with credit cards anonymously:
- Register with a platform that allows for cash transactions: Bitcoin ATMs allow you to deposit cash and buy crypto with cash. Other platforms you can register with are BitQuick, LocalBitcoins, Paxful, and LocalCryptos. We also have listed platforms in this tutorial for this purpose to help you.
- Send or pay for crypto directly or in-person: Platforms that allow you to pay directly for crypto without any verification or submitting of personal details lets you trade Bitcoin or crypto anonymously. You can pay with cash or trade with proxy details. Most of these platforms do not even need you to register with the correct details.
- Receive crypto in your wallet address: A crypto wallet address does not need to have personal details. You can also use proxies to run wallets without giving aware location-aware information.
Fact Check:
- Cryptocurrencies let you own a wallet where you can store monetary value in form of cryptocurrencies securely and privately without any form of verification.
- Most cryptocurrencies are pseudonymous since real-world names can be linked or associated with wallet addresses. However, for those who need it, is still possible to do completely anonymous crypto transactions.
Pro-Tip: Peer-to-peer crypto platforms allow you to trade crypto with fiat, instantly and privately. They allow cash transactions and other forms of payments.
Frequently Asked Questions
Q #1) Can you trade Bitcoin without verification?
Answer: Yes. You can actually trade it for fiat without a single verification on different marketplaces like ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins.
In fact, peer-to-peer platforms like BitQuick and LocalCryptos allow you to directly deposit fiat money into the seller's bank or mobile wallet account with zero verification. These are the best ones for those who want to buy BTC anonymously. Some like BitQuick do not have limitations on the amount traded.
Bitcoin ATMs also allow you to buy Bitcoin anonymously with cash.
Q #2) How can I buy Bitcoin without verification?
Answer: Simply sign up for an account with ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins. After this, they will allow you to deposit fiat money via different methods like PayPal, bank transfers, and credit cards.
Most of these platforms allow you to buy Bitcoin anonymously with credit cards by depositing fiat from credit cards. You can then buy the Bitcoin. You can also deposit other cryptocurrencies and use them to BTC anonymously or secretly.
Suggested Reading =>> Compare top Cryptocurrencies to Invest in
Q #3) Which Bitcoin wallet does not need verification?
Answer: In addition to ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins, you can check Coingate, Lobstr, Paybis, and Coinmama which allow you to buy Bitcoin anonymously. In fact, peer-to-peer platforms do not need you to use a credit card. These are the best platforms to go to if looking for how to buy Bitcoin without verification.
With BitQuick, for instance, you can deposit money to the seller's account directly, meaning you buy Bitcoin with no verification. The same case applies to LocalBitcoins.com or LocalCryptos.com where you can send fiat money to the seller's mobile phone without any verification.
Q #4) How do I buy Bitcoin secretly?
Answer: You can opt to use Bitcoin ATMs that allow you to buy Bitcoin anonymously with cash. Other platforms like ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins let you trade Bitcoin anonymously with PayPal, credit cards, Western Union, and bank transfers.
However, the best method of buying Bitcoin secretly is by depositing other cryptocurrencies on these platforms and then exchanging them with Bitcoin.
Q #5) Can I buy crypto without KYC?
Answer: Most peer-to-peer crypto exchange platforms do not require you to follow the Know-Your-Customer or KYC and other verification guidelines. These include LocalCryptos, ShapeShift, BitQuick, and LocalBitcoins.com, Paxful, and DameCoins some of which you can trade up to a maximum of 2BTC.
Many other crypto exchanges listed on this guide do not require you to even upload any document for verification. Many of these platforms allow you to buy Bitcoin anonymously with credit cards, cash, bank transfers, and other deposit methods.
Q #6) Can I get crypto instantly?
Answer: Yes. It, however, depends on the method of payment. All crypto-to-crypto transactions are instant, most taking seconds and a few up to ten minutes. These are the best types of transactions when you want to receive crypto instantly, regardless of the country of location.
Crypto apps and exchanges that allow you to trade with PayPal, cash, and other quick deposit methods are fast when exchanging fiat for crypto. Normally, cash deposits through ATMs and bank accounts sometimes take minutes to reflect in the seller's account.
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List Of The Best Apps To Buy Bitcoin Anonymously
Here are the popular places to buy bitcoin with credit cards anonymously:
- Coinmama
- Binance
- Coingate
- Lobstr
- Paybis
- BitQuick
- Bitcoin.com
- DameCoins
- Paxful
- Localbitcoins.com
- Bisq
- ShapeShift
Comparison of Platforms to Buy Bitcoin Without ID
Let us review the above-listed apps below.
#1) Coinmama
Coinmama – Best for fiat-crypto traders only.
Coinmama lets users trade cryptocurrencies with credit cards, debit cards, bank transfers, and other payment methods. It allows users to only trade crypto for fiat and not crypto-to-crypto. It does not provide crypto wallets. Beginner users may not prefer this exchange as it does not provide wallets.
The exchange is available in 88 countries. The transactional limit is 5,000 USD for daily purchases and 15,000 USD monthly for Level 1 accounts. It is currently not possible to do transactions without verification. The minimum level requires the user to upload a government-issued ID, a selfie of the user holding the ID, and a note.
Features:
- Reduced fees to sell through the loyalty program. Fee reduced by 12.5% for those making 5,000 in purchases over 90 days. 25% off for those who buy $18,000 over the same period.
- SWIFT bank transfers to fund trades.
- Supports SWIFT, SEPA, Fedwire, FasterPayments, Sofort, and Apple Pay.
Integrated exchange: Yes.
Fees: As high as 5.9% for credit and debit card transactions. Purchases charged 2.9%. A $27 flat fee applies for transactions below $1000. No fees for SWIFT bank transfers of $1000 and above.
#2) Binance
Binance – Best for buying/selling Bitcoin, Ether, & Altcoins. It allows the cash method for trading and hence supports anonymous buying of Bitcoins.
Binance supports buying Bitcoin with cash which is also called an anonymous buying method. For fiat transactions, you will not have to use a bank account or online wallet. This makes trading easy and fast.
To anonymously buy Bitcoin, you have to go to Binance P2P, select the option of "Cash in person", and schedule a meeting with the seller. Here you need to physically complete the transaction.
Features:
- For P2P exchange, there are low-cost transaction fees.
- It supports flexible payment methods.
- It provides a facility for creating trade advertisements and setting your prices.
- By allowing you to buy with cash, Binance protects your privacy.
Fees: Binance is free for deposits. There will be trading fees of 3.5% per transaction or 10 USD. On Binance P2P, makers have to pay small transaction fees and no fees for takers.
#3) Coingate
Best for sellers integrating crypto payments and buyers willing to pay for goods and services in crypto.
CoinGate is a payment processor with APIs, shopping cart plugins, payment buttons, and Web POS. Merchants can integrate these into their businesses to receive crypto payments for their goods and services. Customers can pay for goods and services by Bitcoin, Litecoin, Ether, and 50 other virtual currencies.
Merchants receive their payments without fear of crypto volatility.
Features:
- Express checkout for goods and services.
- Features for store promoting.
- Direct fiat withdrawals to banks for sellers.
- Support for multiple cryptocurrencies.
- Visa, MasterCard, debit and credit card support.
In-built exchange: Yes.
Fees: 1% merchant fee, $3 trader fees.
Website: Coingate
#4) Lobstr Wallet
Best for stellar crypto fans.
Lobstr Wallet is not made specifically for the Stellar (XLM) cryptocurrency but is recommended by the team. The wallet supports storing, sending, and receiving multiple cryptocurrencies. It can be used with any kind of browser regardless of the device being used.
Users can secure their wallets with PIN, encryption, and two-factor authentication (2FA). Although the user does not have control of the wallet's private, they can restore the wallets using their username and password.
Features:
- Android and iOS apps available.
- Support for over 300 coins.
- Built-in exchange on which users can trade XLM with fiat.
- Highly responsive support team.
- Users not in charge of the private keys to their wallets.
In-built exchange: Yes
Fees: The deposits and withdrawals are free and users do not pay to use the wallet. Only mining fee is paid on transactions.
Website: Lobstr Wallet
#5) Paybis
Best for traders who want to deal with regulated exchanges.
Paybis crypto exchange lets users trade multiple types of cryptocurrencies. It is one of the many U.K.-based crypto exchanges regulated by the Financial Conduct Authority (FCA"). Although based in the U.K., it has a global outreach supporting more than 180 countries worldwide.
In addition, it supports trading digital cryptocurrencies against fiat like USD, Pound, Euro, and many other major fiat currencies. Paybis also provides liquidity to fintech businesses.
It is considered easy to use even for beginner crypto traders. However, users must comply with the KYC and AML regulations. It also supports only the selling of Bitcoin and not any other crypto. Other supported cryptocurrencies are available for buying only.
Features:
- Quick registration and application processing.
- Multiple payments or deposit options including credit cards, debit cards, bank transfers, Neteller, and Skrill.
- Always-on or 24/7 customer support.
- Upto 30% affiliate commissions on referrals for existing users.
In-built exchange: Yes.
Fees: Varies depending on payment method – 2.49% for credit and debit cards for first-time users. 4.5% for credit card USD, EUR, and GBP payments and 6.5% for others. Network fee for mining paid as normal.
Website: Paybis
#6) BitQuick
Best for cash dealers and traders.
BitQuick lets users trade Bitcoin for cash, which differentiates it from other exchanges. How it works is by a user depositing cash in a bank according to the seller's account information. The buyer will have to upload receipt evidence to the platform and the seller will verify before releasing the BTC.
A seller needs to fill in a sold form and send the BTC in an escrow before it is availed for selling on an order book. A seller receives the money deposited within 3 hours. Users do not need any kind of verification to trade with this exchange. Sellers and buyers can also protect their wallets with PIN.
Features:
- Supports cash deposit through Bank of America and any local credit union.
- Maximum to buy is $10,000 worth of Bitcoin.
- Available in 49 U.S. states.
- Only Bitcoin and no other cryptocurrencies available for selling and buying.
In-built exchange: Yes.
Fees: 2% fee for buying Bitcoin, but no fees for selling Bitcoin.
Website: BitQuick
#7) Bitcoin.com
Best for holders of crypto who want protection from volatility.
Bitcoin.com wallet allows users to buy, sell, receive, and send Bitcoin and Bitcoin Cash, Ethereum, Litecoin, NEO, Dash, stablecoin, and other cryptocurrencies. When trading, they can pay via InstantPay, credit card, debit cards, and bank transfers. You also get some services accepting PayPal as well. You can also pay via teller machines and cash ATMs worldwide.
Bitcoin.com also lets users store Bitcoin and SLP tokens easily. With stablecoins, users can prevent crypto volatility hits on their wallets. With the platform, users can buy and sell with no verification.
Features:
- Supports iOS, Android, Mac, Windows, and Linux.
- Supports USD, EUR, GBP, and other fiat currencies.
- Supports 2-Factor authentication. Users can also secure wallets with custom PIN codes.
- Lets users purchase as little as $30.
Integrated exchange: Yes.
Fees: Fees range from 0.12% for takers depending on their 30-day trading volume of BTC or other cryptos. Makers pay a fee of 0.15% per trade.
Website: Bitcoin.com
#8) DameCoins
Best for altcoin traders who need flexibility in payment methods and higher limits with no verification.
DameCoins allows users to buy about 100 cryptocurrencies with credit and debit cards without any need for verification, as long as the transaction does not exceed 50,000 USD. The purchase amount possible without verification may be capped to $20,000 depending on the jurisdiction.
In fact, the platform allows users to pay for purchases through PayPal, Western Union, and international bank transfers. Hence users can pay with local currency easily.
Features:
- Chat support 24/7.
- SSL encryption.
- Portfolio monitoring on the wallet.
- Support for MasterCard, Debit, Prepaid, credit, and American Express.
- Maximum purchase amount is 1,000,000 USD/day. No limit on the amount of fiat to transact when selling cryptocurrencies.
In-built exchange: Yes.
Fees: The fees vary depending on the deposit method with Payoneer costing 1.99%, Western Union 4.99%, and Wire Transfer zero. PayPal adds 2.4% to 3.4% on top of what DameCoins charges.
Website: DameCoins
#9) Paxful
Best for peer-to-peer trades and those using local payment channels.
Paxful is a peer-to-peer cryptocurrency exchange that allows users to trade a minimum of $10 across over 350 payment methods including the most local ones. Like LocalBitcoins.com or LocalCryptos.com, it allows users to exchange many cryptocurrencies for local currency. The duration of completing the trade varies depending on the payment method.
When selling, the crypto is first sent to an escrow to allow the buyer to pay and then released to the buyer's wallet when the seller confirms payment. The buyer or the seller can cancel the transaction at any time. After cancellation, the crypto is reversed to the seller's account.
Features:
- High fees with sellers paying 1% to the company.
- Buying limits from $1,000 to unlimited depending on the user ranking level.
- Most countries are supported. Only a few or about 20 are not.
- High possibility of scam.
Integrated exchange: Yes.
Fees: High fees with sellers paying 1% to the company.
Website: Paxful
#10) Localbitcoins.com
Best for traders who prefer paying and being paid through local payment methods.
LocalBitcoins.com is a peer-to-peer Bitcoin trading platform that lets users trade, send, and receive Bitcoin. Users can place maker orders and take them from peers. Users can also post advertisements for their market orders to potential buyers and sellers.
The service allows users to pay for Bitcoin or get paid for it through a variety of payment methods including those easily available locally.
A seller will first send their Bitcoin to an escrow so it will be broadcasted as a sell order. They will release the Bitcoin to the buyer once they confirm receiving payment. The escrow prevents fraud such as the seller reversing Bitcoin after receiving payment for it or the buyer not sending payment after receiving the BTC.
Features:
- In-built crypto web wallets.
- No mobile apps.
- Wallets can be secured through 2-Factor authentication. This is in addition to setting to receive a one-time code on your mobile phone to facilitate logging in. Users can also print these one-time codes on paper to log in later and access their wallets.
Integrated exchange: Yes.
Fees: Registering, buying, selling is all free. 1% is charged on ads. The seller pays a 1% free to trade BTC.
Website: LocalBitcoins.com
#11) Bisq
Best for low-volume trading.
Bisq is also a peer-to-peer crypto trading PC or desktop application but unlike LocalBitcoins or Paxful, is decentralized. Originally known as Bitsquare, this decentralized crypto exchange allows buyers and sellers to place trades on the platform. Those intending to take those orders can pay or receive payments via different payment channels available locally in different countries.
It supports OK Pay, Perfect Money, AliPay, and Zele. Users cannot pay by credit cards. Users can also deposit their crypto directly to trade or send to other users. Crypto deposits are not charged. One challenge of using Bisq is limited volume, which discourages high volume traders.
Features:
- Does not ask for private information but trading limited to 0.01 BTC until another user verifies the account through review.
- Unlike Paxful or LocalBitcoins, Bisq allows you to keep the private key to your wallet. This makes real crypto ownership and wallet recovery easy. It minimizes the risk of loss in case of a hack or closer of the company.
- Personal information stored on owner machine.
- Android and iOS apps available.
- The maximum daily trade size is 0.25 BTC for most payment methods. Altcoins trade limit allowed up to 2 BTC.
- Support for BTC and altcoins.
Integrated exchange: Yes.
Fees: 0.001 BTC while taker fee is 0.007 BTC per BTC traded. Percentage maker fee is 0.10% per BTC and 0.007 BTC for taker fee. Makers pay 8.74 BSQ or 0.05 percent per BTC while takers pay 61.21 BSQ or 0.35 percent per BTC traded.
Website: Bisq
#12) Shapeshift
Best for anonymous-agnostic traders.
Shapeshift is for those who are looking to instantly swap one crypto for another easily and at the lowest fees, without any verification. The exchange was founded in 2013 and is based in Switzerland. It also supports integration with hardware wallets such as Jaxx.
The exchange service allows users to quickly participate in ICOs. They can simply convert BTC or other cryptos into ETH easily and quickly without a middleman exchange and then buy the token by simply sending ETH to a smart contract address.
The exchange stores majority of crypto in cold wallets to reduce the risk of theft.
Features:
- Higher $10,000 transaction limit.
- Dedicated mobile app support for iOS and Android.
- Offers real-time market data for its users under the CoinCap.io brand. This helps people make better trading decisions for their cryptos.
Fees: Only the mining fee is charged to swap coins.
Website: Shapeshift
Conclusion
It is not easy to buy Bitcoin anonymously because most platforms require some form of verification to secure other users and to discourage criminal activity. For that reason, most crypto platforms and transactions are pseudonymous with some link to the owner of the account and location information.
However, it is not entirely impossible to do private transactions when you need.
Recommended Reading =>> Top apps for crypto exchanges
For those who want to trade crypto anonymously, we suggest to try BitQuick, LocalBitcoins, Paxful, and LocalCryptos where it is possible to pay in person, either digitally or in cash. You can also try proxy accounts or details.
Research Process:
Time taken to research and write this article: 12 Hours
Total tools researched online: 15
Top tools shortlisted for review: 11
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How to Buy Bitcoin Without a Credit Card
Source: https://www.softwaretestinghelp.com/buy-bitcoin-anonymously/