The cryptocurrency market is more active than it has ever been right now, with Bitcoin trading at $30,000 per coin. Bitcoin's price is expected to hit $66,000 by the end of 2021, according to forecasts.
As a result, we may expect an increasing amount of interest in the cryptocurrency market and, as a result, an increase in the number of people looking for anonymous ways to buy bitcoin using credit cards.
In order to purchase Bitcoin with a credit card or bank transfer, or at least beyond a certain threshold, the most reputable online platforms now require to Know Your Customer (KYC). In most cases, your name, address, photo identification, and proof of address are necessary. Significant transactions may necessitate the platform requesting that you authenticate the source of your funds.
There are two sorts of services that make it possible to participate in the topic process:
If you choose to use a centralized service, you would be purchasing Cryptocurrencies from an organization on your behalf.
P2P (Peer – to – Peer) service that is decentralized: These are purchases that are made from unaffiliated vendors with the platform functioning as a mediator between the two.
Services that are centralized
The following centralized providers allow you to acquire Bitcoin with a credit card in an anonymous manner:
Exchanges are an example of this type of platform. Binance, a renowned cryptocurrency trading site, is one such example. The cost of purchasing bitcoins through a bank transfer is nil, and credit card transaction fees are usually reasonable. You must, however, be willing to go through the process of confirming fiat inputs and withdrawals in order to use this service. In fiat money, the exchanges will only take credit card transactions from approved processors and will not accept anonymous credit card transactions, which are prohibited by law.
Exchangers: Coinbase, Paxful, and more well-known examples are available. In addition, a thorough Know Your Customer (KYC) process is required. It is not specified on the website that credit card fees might be fairly high (up to 10 percent or more).
Unofficial Exchangers: If you want to know how to purchase bitcoins directly from the comfort of your own home without having to go through the KYC process, your only option is to use an unofficial exchange service. Because the majority of them are unregistered, the danger is extremely high. You must include your name or the name of a reference, as well as your phone number and email address. However, despite the fact that some websites claim you may purchase Bitcoin with a debit card right now, the process is slow due to the fact that exchange requests are often handled manually.
In several well-known cryptocurrency wallets, you can acquire bitcoins without ever having to leave your wallet. When sending and receiving bitcoins through a wallet, it is usually not necessary to provide KYC information. It is necessary to verify your identity when acquiring cryptocurrencies with a credit or debit card.
In the absence of any other anonymous and "official" centralized method, ATMs are the only option, however more and more machines are requiring KYC these days. If you live in Florida, you should take advantage of this Bitcoin ATM in Florida.
In general, the technique for purchasing and selling bitcoins at an ATM differs from machine to machine, but in general, it proceeds as follows:
- In order to purchase a Bitcoin ATM, you must first enter your cryptocurrency wallet address. After making a cash deposit at the ATM, you will be given a code to enter.
- While selling at Bitcoin ATMs, deposit addresses for ATMs are made available. In most cases, a QR code that can be scanned is supplied as well. Please send the code to this address. You will be compensated in cash.
Despite the fact that Bitcoin ATMs are becoming increasingly common, this method can still be used if one is available in the area. Given the fact that you must acquire or sell Bitcoin at an ATM, it is not as convenient as purchasing BTC online. Furthermore, the exorbitant cost of Bitcoin ATMs is a concern.
Services that are decentralized or P2P (Peer-to-Peer) in nature
Decentralized exchanges serve as a conduit between buyers and sellers in peer-to-peer transactions. There is no need for an intermediary to facilitate the exchange.
Buyers and sellers can both submit orders on a decentralized exchange, which is advantageous. There are two options available to you if you wish to purchase bitcoins. The amount you wish to spend, the amount you are willing to pay, and the method of payment are all valid options.
Alternatively, you might hunt for a vendor who is willing to make you an offer. This includes the selling price, the amount of money being provided, and the payment methods that are accepted. When you accept the vendor's offer, you are required to pay them. The cryptocurrency given by the vendor will be received by your wallet. Decentralized exchanges use security mechanisms like escrow, deposit, and arbitration services in order to prevent fraud from taking place.
Important Factors to Keep in Mind
When purchasing bitcoins using a credit card, always keep in mind the following important considerations:
- If you share your wallet address with someone, never share your private key or seed phrase with them.
- Double-check the fees associated with purchasing Bitcoin using your credit card to verify there are no hidden or excessive fees.
- Before you use the exchange, be sure it is legitimate.
- Double-check the Bitcoin address you've supplied to ensure it's correct.
- A Bitcoin explorer service allows you to keep track of the status of your transaction.
Is it even a good idea to purchase Bitcoin in the first place?
It is vital to understand that using an anonymous service will have both negative and positive consequences. The following are some of the advantages:
- You can acquire bitcoins with your credit card without having to wait for the KYC process to complete.
- There is absolutely no risk of your personal information being disclosed to third parties.
- The tax authorities have no way of knowing whether or not you have the bitcoin (but tax avoidance is never a good idea).
The following are some disadvantages:
- Banks have the ability to refuse transactions and suspend your account or card if they believe you have violated their policies.
- The cost of anonymity is extremely high in these cases.
- Checking the status of your transactions while at an ATM is a time-consuming and complex process.
- The promise to purchase bitcoins rapidly with a debit card without requiring you to provide KYC is unofficial, and there is no way to get your money back or receive a refund if you make a mistake.
The advantages and downsides have been discussed, and you now know how to purchase Bitcoin with a credit card in an anonymous manner.
Site for the CC to Bitcoin Method: https://cex.io/
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1. Go to https://cex.io/ and sign up.
2. Create a free email account at https://10minutemail.net/ and use it to sign up for offers.
3. After you have created your account on the website, you must validate your account by email.
4. You must fund your account with money from credit cards; please contact me for new HQs in this regard.
5. You will be led to the payment choice after clicking on Deposit.
6. On this page, you must enter the amount of money you wish to deposit as well as the information from your credit card.
7. After that, fill up the billing and other parts with phony information obtained from this site if the credit card information is not provided: https://www.fakenamegenerator.com/
8. For the SSN segment, you must complete a few simple tasks.
9. On the website https://www.fakenamegenerator.com/, there is a section called fake info that contains SSN information.
10. You take that 317-66-XXXX number and substitute four random numbers in the place of the X letter so that it doesn't count...
11. If you want to be absolutely certain, I have websites that will assist you with obtaining your SSN as well as obtaining a verified SSN.
Sites That Allow You to Verify Your Social Security Number:
http://www.ssnvalidator.com/
https://www.ssn-check.org/
If you require a new ID with a password, please contact me.
12. After that, simply click PROCEED and you're done.
13. You will receive a 50-dollar credit to your account from the credit card you received.
14. Return to the main page and select BUY/SELL from the dropdown menu.
15. You can purchase bitcoin in the following denominations: 100$, 200$, 500$, and 1,000$.
16. Scroll down to the bottom of the page and enter your amount, such as $50.
17. After that, click Buy, and they will deduct $50 from your balance account and offer you bitcoin in exchange for it.
18. You will receive bitcoin into your account, and you will proceed to click on WITHDRAW.
19. Select BTC to have your payment made in BITCOIN.
20. Insert your Bitcoin WALLET and the amount you wish to withdraw.
21. After that, simply click on the Withdraw option, and the bitcoins will be transferred to your account immediately.
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