Many traders look for ways to buy Bitcoin without revealing their identity as they prefer anonymity and privacy. In recent years and 2022 governments in some countries are putting more attention on crypto purchases and changing their laws.
Fortunately, there are still crypto exchanges and platforms that allow you to buy Bitcoin without ID or KYC requirements (know your customer documents). Moreover, you can convert crypto even without a sign-up required.
In this guide, we'll review the best platforms to buy Bitcoin with a credit card and no verification in 2022.
Bybit is a popular and reputable crypto exchange to buy Bitcoin with a credit card without verification. It has a user-friendly interface that enables quick trading. You can also trade perpetual contracts with leverage up to 100x.
Investors and traders may use Bybit to buy Bitcoin with a credit card via its fiat gateway. Bybit is suitable for both new and seasoned investors.
Pros:
Cons:
Your capital is at risk.
Paxful is a person-to-person marketplace that brings sellers and buyers together. Owing to the exchange's P2P structure, traders can choose to keep their identities anonymous.
Paxful has more than 300 payment options, which makes it a suitable option for users. Paxful can also help users to locate a nearby Bitcoin seller in exchange for cash.
On Paxful, you can use an alias email address to log in and buy Bitcoin with no verification.
When your orders are under $1000 USD, you need not worry about revealing your identity. Paxful is one of the most reliable sites to purchase bitcoins with a credit card and no verification.
Pros:
Your capital is at risk.
Yes. You have various ways to withdraw Bitcoin without an ID and keep your identity anonymous to safeguard your account and assets. The following are some of the methods you can use to withdraw BTC with no verification:
A P2P platform is similar to an online marketplace. It connects sellers and buyers globally. It is an intermediary between these two parties and ensures privacy while you connect with Bitcoin users without revealing your identity.
You can use a variety of payment methods to easily withdraw your Bitcoin earnings, including cash (through PayPal/ bank account), wire transfers, or other cryptos. As a third party, P2P platforms charge a small service fee.
Bitcoin ATMs probably offer the quickest and safest way to withdraw your Bitcoin earnings with no verification. They are similar to fiat ATMs, where you exchange Bitcoin for cash. To withdraw Bitcoin earnings, visit the nearest ATM, submit the desired Bitcoin amount and take the cash in exchange.
You must consider a few things before using a Bitcoin ATM. Since the majority of Bitcoin ATMs have transaction limitations on sellers, you can use a Bitcoin ATM to only sell a small Bitcoin quantity for cash, which is about 100- 200 USD per day. Also, every ATM imposes additional seller fees. You will not get the same price as compared to a crypto exchange. Another drawback is the huge withdrawal fees (of about 8-10%) levied on the withdrawn amount.
Locate a buyer nearby and sell the Bitcoin in person. This helps you to avoid additional fees and carry out the process with no verification.
One simple way is to join a local Telegram or Facebook group and advertise your requirements. After locating a buyer, negotiate on the price and payment method. Complete the process by meeting at a mutually decided location.
Be careful not to trust any random seller. To avoid a scam, always arrange your meeting in a public area.
Many people prefer anonymity while dealing with Bitcoin and other crypto-assets for a variety of reasons. The most common reason is that they fear becoming a potential target or getting hacked. When you are private and anonymous, you automatically reduce the potential of such risks and enjoy your trade without having the tension of being targeted.
Although Bitcoin has a highly-protected blockchain with indestructible encryption to prevent counterfeiting and fraud, the most potential risk while carrying out BTC transactions is its human element. Even when you use an alias while facilitating transactions, a seasoned investigator might track your internet connection and can carry out other processes to target you.
Following are some reasons why traders want to buy Bitcoin with no verification:
While you can proceed with the best options we have mentioned above to buy Bitcoin with no verification, you are not fully protected from investigators that might use more advanced approaches to reach you. They can track you with your IP address or your wi-fi network, in spite of it being private.
Sometimes users accidentally publish their bitcoin public address online or become victims to sellers that track you physically.
Since there are stringent rules being implemented across the globe due to the high demand for Bitcoin and other cryptos and the increasing level of user engagement, buying Bitcoin anonymously becomes next to impossible.
Thankfully, there are still some options for cryptocurrency exchanges that allow you to buy BTC with a credit card and no verification.
On these platforms, such as Bybit, you can buy and sell BTC without revealing your identity. These allow you to maintain privacy while you use cryptocurrencies. Don't forget that you do have to pay a cost for the same. Sometimes, the cost becomes more than the fees bought from regulated platforms.
Your capital is at risk.