Protip: You can buy BTC on any exchange, then swap it to XMR, because a lot of markets start to accept Monero.
Buying bitcoin anonymously without going through know-your-customer (KYC) verification is pretty easy in 2024. There are some safe and reliable ways to purchase BTC while maintaining your privacy. Here are the top methods
Bitcoin ATMs
Bitcoin ATMs allow you to buy BTC with cash, making them a good option for anonymous purchases. However, some ATMs have started requiring basic KYC like phone number verification for larger amounts. Fees are also quite high, often 5-10%. [6]
To find a Bitcoin ATM near you, use an online map like Coin ATM Radar. Stick to machines with good reviews and lower fees if possible.
Decentralized Exchanges (DEXs)
Decentralized exchanges let you trade directly from your own crypto wallet, without giving up control of your funds or identity. Popular no-KYC DEXs include:
- BISQ – Fully decentralized and supports many payment methods. [4]
- Uniswap, PancakeSwap, dYdX – Decentralized exchanges for trading Ethereum and other tokens. [5]
The downside of DEXs is you already need to own cryptocurrency to use them. So they are better for anonymizing crypto you already have.
In-Person Trades
Meeting up with someone in-person to trade cash for bitcoin is one of the most private ways to buy. You can find local traders on P2P exchanges or at Bitcoin meetups. Always meet in a safe public place.
Testimonial: “Go to your local Bitcoin meetup. Make acquaintances. Tell them what you told us here. Ask them to trade P2P with you.” [9]
Earning Bitcoin
Another option is to earn bitcoin for your work instead of buying. You can do this by:
- Accepting BTC payments for your business
- Working for bitcoin on freelance job boards
- Using Bitcoin reward apps and sites
This way no purchase is ever made, maintaining your privacy.
Conclusion
Buying bitcoin anonymously takes more effort than just using a standard KYC exchange. But if privacy is a priority, it’s worth the extra steps. By using P2P exchanges, Bitcoin ATMs, decentralized exchanges, or earning BTC, you can still obtain bitcoin safely in 2024 without compromising your identity. Just remember to always prioritize security when dealing with non-KYC methods.