How To Buy Bitcoins In The UK Anonymously

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People have several arguments for not disclosing their identity while acquiring bitcoin. Buying Bitcoin anonymously without confirming your identity is an excellent idea to safeguard your anonymity, and many individuals would like to take advantage of this option. This isn’t about keeping anything unlawful from the country’s government’s eyes.

For example, you may wish to purchase bitcoin anonymously in order to keep personal data including financial information safe in the case that an exchange is compromised or you may want to lessen the chance of being attacked by cyber attackers.

If you lack identification or access to financial services (such as online banking and bank cards), this article will assist you as well.

Why is it hard to procure cryptocurrency without identification?

There is a popular notion that it is simple to buy cryptocurrency anonymously, however, this is simply not true for a few reasons:

  • Lawmakers in the United Kingdom and throughout the world are increasingly enacting regulations to oversee virtual currency exchanges and the purchase and sale of cryptocurrencies. These rules often include exchange providers verifying their clients in accordance with Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) requirements.
  • Bitcoin is not anonymous, but rather pseudonymous. Everything here is logged on a blockchain, which is a decentralised public ledger which means available to the public. And it just takes a little amount of focused time and money to de-anonymize your Bitcoin trades, even if you did not prove your identity while purchasing cryptocurrency.

Exchanges To Buy Cryptocurrency Anonymously

1. LocalBitcoins

LocalBitcoins is a major cryptocurrency exchange which enables peer-to-peer trading connecting both buyers and sellers.

I don’t know whether you’re aware or not, but Localbitcoins (LBC) was the first Peer to peer marketplace, the first of all the P2P platforms accessible today.

LocalBitcoins modified its terms and conditions earlier this year to need more credentials for traders who exchange a considerable amount of coins. Moreover, LocalBitcoins require a little bit of information just for the sake of trust to execute the trade. The information includes your cellphone number, and email address, albeit these may be quickly changed to protect your privacy.

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2. Changelly

Changelly is a decentralised cryptocurrency exchange platform on which you can trade your cryptocurrencies anonymously without any ID verification and an account. But, the required thing is that you must hold cryptocurrency to begin trading on this exchange. Here are the basic stages for cryptocurrency trading:

  • Choose the cryptocurrency pair with which you wish to trade.
  • Obtain a wallet address
  • Transfer your cryptocurrency to the wallet address.
  • Changelly will send you the replacement tokens immediately after. 

See, how easy is the Changelly platform! You will definitely enjoy the best experience trading on this exchange, and I bet you will be very happy with the exchange after experiencing it.

3. Exolix

Exolix is yet another safe and anonymous cryptocurrency exchange that supports over 349 coins. It is one of the few cryptocurrency exchanges that does not need consumers to register on the site and confirm their identities in order to execute a transaction. Exolix also has no maximum limitations and the ability to perform quick, convenient, and secure transactions.

Exolix is a fixed-rate marketplace where participants are not subject to erratic charge adjustments. Because users can trace trades, the exchange process is completely transparent. Customer assistance is available 24/7 and can simply answer any queries that users may have.

 

On Exolix, how can you trade bitcoins and other cryptocurrencies? There are three basic steps to follow:

  • Enter the order information, including the currencies to exchange and the amount to provide, as well as the recipient’s address.
  • Send money to the platform’s address.
  • The platform completes the exchange, and all transaction details are shown.
  • Exolix transactions typically take 5 to 30 minutes to complete. The exchange charges no fees and offers a set rate with no hidden costs. Exolix also has an affiliate programme where users may earn between 0.5 and 0.7 percent of each successful transaction.

4. Cryptex

Cryptex is a cryptocurrency exchange based in the United Kingdom. It is an automated trading platform that gives you the opportunity to trade your cryptoassets while remaining anonymous. Cryptex allows unlimited transactions and accepts cash in more than ten nations and 100 cities throughout Asia and Europe.

Why is Cryptex a better option for traders? 

If the cost does not suit you, the site provides the best price level for Perfect Money and Bitcoin, as well as withdrawals through a one-string code given by Cryptex. The code is in US currency and may be applied to any Cryptex account. Cryptex code may also be used to make payments.

Cryptex offers a wide selection of first-rate perks to traders, including free trading costs for liquidity providers and excellent account safety.

How can you purchase Bitcoin on Cryptex? To begin the process, enter the official website and click the Make Exchange button:

  • Add the amount to be sent and choose a currency.
  • Enter the currency you expect to acquire and the amount will be calculated automatically.
  • Enter your email address here.
  • To receive funds, enter your wallet address.
  • Accept the Terms and Conditions and Privacy Policy, and agree that you are aware that the currency rate may fluctuate throughout the transaction.
  • Complete the purchase by following the website’s instructions.
  • Cash transfers should be verified when the management of the exchange contacts you, which should happen quickly.

 

5. Paxful

Paxful is a famous person-to-person marketplace where vendors and buyers conduct direct deals. Because the trade is peer-to-peer, users may keep their true names and identities hidden.

 

You can find more than three hundred payment options while utilising Paxful. It allows payment methods like Paypal, Skrill, NetTeller, and Webmoney. Other options include Western Union, bank transfer, MoneyGram, and a Bitcoin ATM to make cash payments.

 

You can utilise Paxful exchange to discover a person who is eager to sell Bitcoins for cash. Paxful lets you use an alias email address to register and eliminates the need for verifying identity. Because there is no data for the transaction, it is easier to become untraceable while using cash.

While some dealers want your actual name in significant quantities. However, if your order is less than $1000 USD, you don’t need to bother about your ID.

Because of the variety of options for depositing money, Paxful is unquestionably one of the greatest and most trustworthy sites to purchase BTC without verification.

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6. Bisq

Bisq is a peer-to-peer software platform that offers affordable rates and sells cryptocurrencies in return for national currencies. This platform does not require registration. You may purchase BTC without first verifying your passport, driving licence, or giving your financial information.

Bisq doesn’t own any bitcoins. It implies that instead of a Bisq-controlled wallet, all coins are stored in multi-signature addresses. Furthermore, Bisq does not own any fiat cash (i.e. Dollars, Euros). Fiat currency is passed directly from one merchant to the next. In other words, it’s a cryptocurrency exchange.

7. ShapeShift

ShapeShift exchange works similarly to Changelly. When you need to make a trade, it will create a temporary wallet for you. Furthermore, no registration or verification is necessary!

Please remember that not all cryptocurrencies are accessible when practising shapeshift. Check to ensure that the crypto token you receive is swappable. It should be noted that Shapeshift charges a fee for crypto swaps, so you will receive somewhat less of the pair currency you switched for.

BitFinex uses ShapeShift to allow customers to buy bitcoins using credit cards and no verification. The sole need to acquire Bitcoins with ShapeShift is to deposit any Cryptocurrency, which means you must deposit altcoins or other tokens.

8. Bitcoin ATM

If you don’t know someone who would sell you the Bitcoin, the first thing you should seek is a Bitcoin ATM. Bitcoin ATMs are quite simple to operate and allow you to buy Bitcoin anonymously using your credit or bank card.

Most major cities have a Bitcoin ATM, and some have multiple! This is where CoinATMRadar comes in helpful. This website includes an online map of bitcoin ATMs throughout the world (aka bATM). Try searching for your area, choose the closest machine, and review the purchase criteria.

 

There are more than fifty-five ATM brands and 125 operators worldwide. Discovering who created and runs your selected ATM will provide you with further information about the purchasing process. I mention this because some people trade bitcoin without requiring identification, whilst others will want a passport before trading Bitcoin for fiat paper money.

Remember that, like cash purchases, Bitcoin ATMs charge a larger fee relative to the current price. Premiums might range from 10% to 20%, depending on the operator.

Time To Summarise!

Due to the numerous rules that are being implemented across the world, it is difficult to purchase Bitcoin anonymously.

Fortunately, there are still hacks that enable you to go about and buy BTC without ID. To meet such requests, several firms provide anonymous bitcoin purchasing and trading. Additional anonymity, however, costs money. These techniques are a bit more expensive than other traditional means of purchasing bitcoin.

 

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