common-close-0
BYDFi
Trade wherever you are!

What are some ways to purchase bitcoin without providing identification?

avatarKratosDec 28, 2021 · 3 years ago3 answers

Can anyone suggest some methods to buy bitcoin without the need for identification?

What are some ways to purchase bitcoin without providing identification?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure, there are several ways you can purchase bitcoin without providing identification. One option is to use a peer-to-peer marketplace like LocalBitcoins or Paxful, where you can find sellers who are willing to accept cash or other payment methods without requiring ID. Another option is to use a Bitcoin ATM, which allows you to buy bitcoin with cash without the need for identification. Additionally, some decentralized exchanges like Bisq or HodlHodl allow you to trade bitcoin without KYC requirements. However, it's important to note that these methods may have higher fees or less liquidity compared to traditional exchanges.
  • avatarDec 28, 2021 · 3 years ago
    Yeah, you can totally buy bitcoin without giving your ID. One way is to find someone in your local area who is selling bitcoin and arrange a face-to-face transaction. Another option is to use a prepaid debit card to purchase bitcoin from certain exchanges. Just keep in mind that these methods may not be as convenient or secure as using a regulated exchange that requires identification.
  • avatarDec 28, 2021 · 3 years ago
    Certainly! One popular method to purchase bitcoin without identification is by using a peer-to-peer trading platform like LocalBitcoins. These platforms connect buyers and sellers directly, allowing you to negotiate the terms of the transaction, including the payment method and whether or not identification is required. Another option is to use a Bitcoin ATM, which allows you to buy bitcoin with cash. However, it's important to do your due diligence and research the reputation and security of the platform or ATM before making a purchase.