How to buy crypto anonymously

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(Edited)


Before Bitcoin became famous, people used to believe that Bitcoin was anonymous. But because everything is recorded on a publicly shared ledger (the blockchain), it is actually not anonymous at all!

If you leave a digital trail (such as buying bitcoins with an ID), then it is only a matter of time and resources to identify transactions on Bitcoin’s blockchain that belong to you.

So, you're not a criminal, why should this matter to you anyway? Well, I like to think of it in terms of banks. Would you want to give people access to the information contained in your bank account? How much money you have, where you spend it, etcetera? I doubt it.

And that’s why more and more people are finding ways to enhance their anonymity when they interact with the Bitcoin network. Lots of people want to know how they can get Bitcoins without using an ID.

To support such demands, some companies offer anonymous buying/selling of bitcoins. And there also are certain tricks and tips one should follow to stay anonymous.

So to fulfill the needs of such users, today I am going to discuss some of the best ways to buy bitcoins without an ID.

But one needs to keep in mind that nothing is a free lunch, and this extra anonymity comes with a cost. Using these resources will typically increase the cost you pay per Bitcoin 1% to 10%.

So, let's get in to it.


Paxful homepage.

Paxful

First up on my list is Paxful. Paxful is a peer-to-peer (P2P) marketplace that allows users to buy and sell Bitcoin safely.

Paxful brings users the ability to buy Bitcoins with almost any conceivable payment method from Paypal to iTunes gift cards and more.

Paxful also provides an escrow service for all Bitcoin transactions. Once a buyer finds a seller and the offer is accepted by the seller, the Bitcoin are automatically moved from the vendor’s wallet to escrow.

At this point, the seller can’t cancel the trade. However, the buyer has a limited time frame to deliver the money to the



THIS IS JUST AN EXCERPT! TO READ THE FULL POST VISIT: https://tothemoon.blog/cryptocurrency/how-to-buy-crypto-anonymously/


Read the full post on my blog @ https://tothemoon.blog/cryptocurrency/how-to-buy-crypto-anonymously/
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@treepi - https://tothemoon.blog/
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