In the public eye, it’s commonly assumed that the main reason someone would want to buy crypto with a credit card with no Verification is to pay for all forms of criminal products and services on the dark web’s secret corners.
While there is some truth to this concept – admittedly, anyone engaging in criminal activity would have excellent cause to wish to hide their traces – there are also plenty of valid reasons why someone might want to acquire bitcoin or another cryptocurrency without providing any identification.
Valid Reason Why Someone Might want to Buy Crypto With Credit Card No Verification
Many cryptocurrency traders and investors felt reluctant to get their wallets verified with some of these excuses below.
- If you’re concerned about hackers targeting crypto exchanges and stealing your personal details (especially your driver’s license/passport details),
- If you have a large amount of cryptocurrency and do not want to be targeted by thieves,
- If you do not even believe have trust in the government,
- If you don’t have any identification (an estimated one billion individuals worldwide lack evidence of identity),
- Moreover, there’s the basic reality that the ID verification procedure on some platforms may be extremely tedious, especially during peak periods. If you really want to acquire cryptocurrency as soon as possible to take advantage of a predicted price shift before it happens, buying without ID verification may be a better option.
3 methods for buying cryptocurrency anonymously
There are just a few choices if you wish to buy cryptocurrency without ID verification:
1. Peer-to-peer (P2P) marketplaces
✔️ Buy crypto without ID, bypass the intermediary to deal directly with the seller, and bargain for the best value possible.
❌ You may have to accept a higher price, and it may take some time to locate the appropriate vendor.
LocalBitcoins and Paxful, for example, let you engage directly with other users who wish to sell their cryptocurrency. Many sellers do not ask you to present any identification before you buy, so you may meet up in person and pay cash to a local merchant. There are also online transactions accessible, however many of the payment methods utilized for these deals may be connected to your identity. This means you might not be buying cryptocurrency anonymously 100 percent.
2. Use Prepaid cards
✔️ Allow you to buy cryptocurrency without giving evidence of identity.
❌ Prepaid cards are not commonly recognized, it is a time-consuming method of purchasing cryptocurrency, and there are significant costs to be aware of.
Another alternative is to put funds onto a prepaid card and then use it to trade on a platform that does not demand verification of ID. These cards are comparable to Visa gift cards that you may purchase at a supermarket or convenience shop without having to prove your identification.
3. Cryptocurrency exchanges and shifting services
✔️ Fees are competitive, and the system is quite straightforward to use.
❌ More and more exchanges are requiring evidence of ID, making it nearly difficult to purchase cryptocurrency with fiat cash without presenting proof of ID.
Using fiat cash to acquire bitcoin without ID is impossible on the great majority of cryptocurrency exchanges. There are, however, a number of services where you may swap one cryptocurrency for another without having to prove your identity.
Quick Guide to Bitcoin Buying with Cash
- Create an account on a peer-to-peer bitcoin marketplace.
- Look through the open offers to find sellers who accept in-person cash transactions.
- Locate a vendor in your area.
- Verify the seller’s reputation in the marketplace.
- Decide on a price.
- Set a time to meet in a public place.
- Finish your transaction.
Pros and cons of buying cryptocurrency without ID and Verification
|1||It is frequently more complicated and difficult than just purchasing with ID on a typical crypto market.||You have the option of keeping your financial information private.|
|2||Normally, you may only purchase a small amount of cryptocurrency before being requested to provide identification.||There is no need for you to go through a time-consuming ID verification system.|
|3||Because many cryptocurrencies are not truly anonymous, your transaction may be connected to your identity.||Allows bitcoin to be used by the estimated one billion individuals worldwide who do not have evidence of identification.|
|4||There is always the possibility that your wish to remain anonymous will attract suspicion and unpleasant attention.|
|5||You might just have to accept a higher price.|
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There is no need for verification now that you know how to buy cryptocurrency with a credit card. You have to Put the level of trust investors have for these cryptocurrency exchange platforms and the real-time reviews from investors on their app stores and website, into consideration.
And, the fact that they are reliable and have a massive online presence, considering using either of them for your next crypto-related transactions won’t be a bad idea.
Don’t be in haste, making enough research before keying your data into any crypto website.