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How to Buy Bitcoin Without Disclosing Your Identity


Kargai

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Posted

Until recently the website Shapeshift had the great advantage to allow everybody to buy cryptos without giving their identity, but they decided to change that (more probably they were forced by laws) and ask the KYC for their users.

Fortunately it is not the only way to buy Bitcoin & co "anonymously" (meaning without providing your ID card or passport).

The article present us 4 options : Bisq, Hodl Hodl, the already well-know localbitcoins and Open Bazaar.

 Source : https://news.bitcoin.com/how-to-buy-bitcoin-without-disclosing-your-identity/

My guess is enjoy those while they are still available because if some governments don't want people to use them anymore (and it's the next step since they'll can't force them to add a KYC if they are not located in their country), they will just put them in the "illegal" list.

Posted

We have to do KYC for localbitcoins right? Correct me if I am wrong. I have verified my mobile number and uploaded my passport copy in order to use localbitcoins.

Posted
18 minutes ago, kurian said:

We have to do KYC for localbitcoins right? Correct me if I am wrong. I have verified my mobile number and uploaded my passport copy in order to use localbitcoins.

The KYC at localbitcoin is only mandatory for traders who exchange big volume of coins. For other it's easy to fake stuff like phone number and co. But yea it's not 100% direct anonimity anymore neither ;)

Posted

i use coins.ph wallet to buy btc since it is more convenient for me. i am a student and have no access to credit cards (this is normal to philippines) and there are various ways to cash in in coins.ph very convenient for me. i also consider it safe because my whole family is using it

Posted

I use bitpay so unfortunately there is not any way to disclose my identity when purchasing Bitcoin . bigmann and I have a visa bitpay card and your name is printed on the card

Posted

Shapeshift going over to the KYC and registered account model is a real blow to those of us who saw crypto as a path away from financial repression.  I can see national governments demanding that firms who transact in their local currency know their users but Shapeshift was crypto to crypto.  Damn shame.

The open frontier of crypocurrencies gets hemmed in more each day, sad.

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