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How Can I Buy Bitcoin Anonymously?

One of the major factors that people do not compromise on in the digital world is privacy. In our world today, sensitive data breaches are becoming increasingly common and large technologies are deploying more and more sophisticated methods to harvest the data about their users. For all of these reasons, internet users need to do all they can to stay anonymous. It is also the reason why people that own bitcoin continue to look for innovative ways to complete their bitcoin transactions anonymously.

When cryptocurrency first gained ground in the world markets, people could easily buy BTC (Bitcoin) without the fear of having their data exposed to the world. Government regulations had not yet been put in place to curb this new online currency. In fact, most financial and government institutions couldn’t predict how fast and potent bitcoin take up would become. All this implied that financial regulations that demand that institutions know their customers hadn’t yet been implemented on cryptocurrencies.

Currently, the popularity of Bitcoin has reached almost every continent in the world. However, it is also evident to almost everyone that there is nothing anonymous about Bitcoin technology. In fact, it is commonly referred to as a pseudonymous form of online exchange.

WHY SHOULD I PURCHASE BITCOIN ANONYMOUSLY?

Every transaction carried out on every Bitcoin platform is documented on an online ledger stored in a set of blocks called a blockchain. This ledger is easily accessible to any Bitcoin user that is registered on the network. Records of the amount of bitcoin sold, the amount of bitcoin received and the address of the sender, as well as the receiver, are documented on this ledger. Check this website to learn more.

The physical address and identity of the user may not be publicly disclosed to others. However, skillful hackers can easily trace the identity of the bitcoin owner by using the IP address that is documented on the ledger. This exposes the owner of the bitcoin account to several risks. This clearly highlights the importance of purchasing bitcoin anonymously.

HOW YOU CAN ANONYMOUSLY PURCHASE BTC

Here are two effective ways that will guarantee the anonymity of your identity whenever you want to purchase bitcoin;

  • PURCHASE BITCOIN USING BITCOIN ATMs: This is one of the most secure ways that you can purchase BTC. If this is your first time purchasing bitcoin using a bitcoin ATM, there are a few things that you need to know. The first is that there is a difference between BTC ATMs and traditional ATMs. For starters, the first can only function when it is connected to the internet. This implies that your bitcoin ATM experience will vary. Most Bitcoin ATMs do not require any form of photo identification.
  • BTC PEER-TO-PEER PLATFORMS: These online platforms allow you to buy or sell bitcoin to fellow users registered on the same platform. The greatest advantage of using this kind of platform to purchase bitcoin is that both parties determine the means of exchange. This means that either the person interested in purchasing or the person selling bitcoin can choose an anonymous means of transaction.

When purchasing BTC on a peer-to-peer platform it is important that both parties set transaction conditions that will help protect their identities and transactions.

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