Ray Odi Ray is an astute crypto writer that loves penning content on cryptos, DeFi and other blockchain-based platforms.

How To Trade Bitcoin Anonymously: 5 easy ways

2 min read

multiple screens showing the bitcoin logo with trade charts in the corner

People that buy bitcoin or sell bitcoin want to trade bitcoin anonymously without ID verification. They want to use different payment methods to buy bitcoin anonymously without KYC verification. Is it possible to buy and sell bitcoin, access a bitcoin atm, use a bitcoin exchange or carry out bitcoin transactions without ID verification?

At the moment, users of some bitcoin exchanges do not need to be verified before they can do a bank transfer or use their credit card and even debit card to carry out bitcoin transactions. Some crypto exchanges make it easy for users to transfer their holdings to their bitcoin wallet without doing identity verification.

1. LocalBitcoins

As a peer-to-peer crypto exchange, users can buy bitcoin without ID verification, and move it to their crypto wallet seamlessly. It has the business model of eBay, but does not have a central server, while being built on the Tor network.

The only way users can buy Bitcoin anonymously in LocalBitcoins is to make the bitcoin transactions via cash or meet in person and make the transactions via cash. For those users that want to use payment methods like a debit card or credit, identity verification is requested. Users can buy and sell bitcoin easily via this means.

2. CEX.io

This is a crypto exchange that permits its users to purchase Bitcoin without providing any ID card, as long as you purchase it with a credit or debit card and you do not spend more than $100 daily.

Users that want to purchase crypto that is valued above $100 have to provide an ID verification. It supports numerous currencies like USD, EUR, RUB, GBP, USDT, BTC, GUSD, OMG, ONT, ONG, USDT, ADA, USDC, NEO, GAS, BAT, ATOM, XTZ, MATIC, LINK, and WABI.

Any other payment methods aside a credit card and debit card need ID verifications. Other payment methods are SEPA, ACH, FasterPayments, Skrill, and Qiwi.

3. ShapeShift

Buying Bitcoin anonymously without ID can be done through ShapeShift. This exists because the user has to purchase an altcoin before bitcoin transactions can be made. What this means is that users have to buy altcoins in other cryptocurrency exchanges first, before they can exchange them for bitcoins. Whatever bitcoin bought on ShapeShift can easily be moved to your crypto wallet or even paper wallet, as long as it has a bitcoin address.

4. Localcryptos 

As a peer-to-peer crypto exchange, Localcryptos doesn’t need an ID verification before a user is allowed to buy and sell bitcoin within the marketplace. It is important that you check the reputation of the seller before you make any transaction within the platform.

The process starts with buyers looking for sellers online to carry out bitcoin transactions both online and offline. Payment methods involve bank transfer, PayPal and so on.

5. Whalesheaven

Whalesheaven is a peer-to-peer cryptocurrency exchange that allows users to trade different types of cryptocurrencies especially Bitcoin or Ethereum Anonymously. Users can carry out anonymous transactions with others around the world, and even access their transaction history.

With Whalesheaven, users do not have to worry about outrageous withdrawal fees because it has no withdrawal fees. When a whale sells a large volume of bitcoin or another crypto, it tends to affect the price of the crypto. Whalesheaven is designed to stop that.

Gone are the days when users were forced to do ID verification before they can carry out transactions because Whalesheaven allows users to trade anonymously. Creating an account to trade is seamless for those that want to buy or sell coins.

To ensure that the deals struck within the platform are safe, Whalesheaven utilizes multisig wallets to offer top-notch decentralized protection for your funds. The security method of this ecosystem is innovative.

Trading Bitcoin or other cryptos is quite easy within this ecosystem, as the seller creates an auction, then sets the volume. Once they get offers from potential buyers, they are notified and can easily strike the deal.

Ray Odi Ray is an astute crypto writer that loves penning content on cryptos, DeFi and other blockchain-based platforms.