How to Buy Bitcoin Anonymously Through Crypton Exchange
The fundamental idea of cryptocurrencies is decentralization and anonymity. But the truth is that the more the crypto world develops, the more efforts are made by governments of different countries to regulate it. And this applies not only to altcoins but also to the most important cryptocurrency — bitcoin.
Undoubtedly, to preserve anonymity on the internet, you need to leave a minimum of information about yourself, especially financial. After all, at any time, an unscrupulous employee of a payment institution can sell your data and everything — remember what your name is. The saddest thing is that you will not be able to take the information back, even if the perpetrators are found.
Therefore, today we will talk about how to buy bitcoin anonymously through Crypton Exchange and others.
Is bitcoin anonymous or not?
Bitcoin is not a completely anonymous cryptocurrency. All transactions on the bitcoin network are open for viewing and are available in a public registry known as the blockchain. This means that every transaction, including the address of the sender and recipient, as well as the transfer amount, is visible to all network participants.
However, bitcoin offers a certain degree of pseudonymity. Instead of using names or personal data, bitcoin addresses are randomly generated character strings. This allows users to use aliases instead of their real identification data when making transactions.
However, if the user’s identification information is linked to the bitcoin address, for example, through exchange platforms where the identity verification procedure is required, then confidentiality may be violated. There are also data analysis and transaction linking methods that can be used to identify the owners of bitcoin addresses.
*For users who value complete anonymity, there is an anonymous cryptocurrency — Crypton (CRP) that offers a higher level of privacy and anonymity when conducting transactions.
Read more about CRP’s advantages here.
How to buy or sell bitcoin anonymously?
It can be difficult to buy or sell bitcoin anonymously since most platforms and exchanges on which bitcoin trades are carried out require passing the identity verification procedure following the rules and regulations in the field of financial monitoring and anti-money laundering.
However, several ways can help maintain a certain degree of privacy when buying or selling bitcoin:
- Peer-to-peer (P2P) trading. You can use peer-to-peer trading platforms where you can find other individual sellers or buyers of bitcoin. These platforms connect you directly with other people, which allows you to conduct transactions without having to disclose personal information. Examples of such platforms include LocalBitcoins, Paxful and Bisq.
- Bitcoin ATMs. Bitcoin ATMs allow you to buy and sell bitcoin in cash without having to go through a KYC procedure. However, it is worth noting that not all ATMs offer anonymous transactions, and some may charge high fees.
- Low KYC exchange services. Some exchange services and platforms may offer a lower level of verification, which allows bitcoin trading with limited or no verification. However, the level of availability of such platforms may vary, and you should be careful when choosing a platform for sharing.
- Cryptocurrency exchanges outside jurisdictions with high KYC requirements. Some cryptocurrency exchanges that are located in countries with less strict KYC rules may provide more flexible conditions for buying and selling bitcoin. However, when using such exchanges, it is necessary to assess risks and take into account legal aspects.
Why is it considered that bitcoin is not anonymous?
- Public blockchain. The bitcoin blockchain is public and transparent. All transactions, including the sender and recipient, are recorded in the blockchain and can be viewed by any user. This means that although the usernames are not displayed, all transactions are visible and can be traced.
- Bitcoin addresses. All transactions in bitcoin are associated with addresses that are random characters. While addresses are not linked to usernames, their association with specific persons can be established if identification is associated with a specific address.
- KYC on exchanges. Many cryptocurrency exchanges conduct a customer verification (KYC) procedure, requiring users to provide personal information such as passport details or a photo. When a user buys or sells bitcoins on such exchanges, his data is associated with transactions, which can violate anonymity.
- Analytical tools. Various analytical tools and programs can analyze the blockchain and make connections between transactions. This can help establish a connection between certain addresses and user actions.
Although some methods and tools can be used to increase anonymity when using bitcoin, it is important to understand that absolute anonymity on the public bitcoin blockchain is difficult to achieve. If anonymity is important to you, you may need to consider using other cryptocurrencies that offer more advanced privacy features, such as Crypton (CRP).
How to buy bitcoin anonymously through Crypton Exchange
Crypton Exchange (CRP.is) is an anonymous platform for buying, selling or exchanging cryptocurrencies without KYC/AML verification, based on the Utopia P2P ecosystem. This connection between the ecosystem and the exchanger makes the crypto exchange a unique and secure way to buy, exchange, or withdraw funds.
*Utopia P2P is a decentralized system of a new generation, representing a high-tech movement. In addition, the ecosystem is the new Web 3.0, which is only available to users with disabilities. It has everything you need for an ecosystem of communication: an instant messenger, anonymous browser, data transmission (email), internal cryptocurrency, and much more.
The main advantage of the crypto exchange is the lack of KYC verification. Which means that to register users, you do not need to enter personal data, such as phone number, name, email, etc.
All you need is to pre-download and anonymously register in the Utopia P2P system. After that, the user will be able to both access all available ecosystem tools and create an account on the exchange.
Another important point is the ability to bypass the lock. Although there is a verticality of the blocking site in “clearnet”, the exchange will be accessible in the Utopia P2P system itself.
In addition, CRP.is — the first digital offshore that allows you to store money anonymously, without being tied to a specific user.
Here are some more important advantages:
- Anonymous (without KYC) registration
- Works based on the decentralized Utopia P2P network
- Unique blockchain technology
- Unlimited withdrawal of funds
- Minimum commissions
- Live broadcast-chat communities
On the Crypton Exchange, you can trade, offer and buy available coins including bitcoin and others.
Other anonymous crypto exchanges
When choosing a bitcoin exchange with anonymous features, it is important to conduct your own research, get acquainted with the reviews and reputation of the exchange, as well as take into account the factors of security and legality of activities.
But we remind you that compliance with local laws and regulations is an important aspect when conducting transactions with cryptocurrency, and we recommend always contacting licensed and regulated exchanges that offer appropriate protection measures and comply with the necessary rules.
Below is a list of some bitcoin exchanges that are known for their measures to ensure anonymity:
- Bisq (formerly Bitsquare). Bisq is a decentralized platform that allows users to exchange cryptocurrencies directly among themselves without having to go through the identification process. The exchange does not store user data and does not require verification.
- LocalCryptos. It is a decentralized platform that allows users to buy and sell bitcoins directly with each other. The platform does not require a verification process, and users can choose the level of confidentiality when conducting transactions.
- Hodl Hodl. This is a peer-to-peer exchange that allows users to exchange cryptocurrencies directly with each other without having to go through the verification process. Users have the opportunity to remain anonymous and control their funds.
- BitQuick. BitQuick provides a platform for the quick purchase and sale of bitcoins. Users can choose between different payment methods and do not require going through the verification process.
Some other well-known anonymous bitcoin exchangers include:
- Changelly. Chantilly offers the possibility of exchanging various cryptocurrencies, including bitcoin, without the need for registration or verification. They provide an anonymous exchange service with minimal restrictions.
- Shapeshift. Shapeshift also allows users to exchange cryptocurrencies without registration or verification. Users can simply select the currencies they want to exchange and perform the operation.
- Flyp.me. Flyp.me is a decentralized exchanger that allows you to exchange cryptocurrency anonymously without the need for identification. They provide a wide range of cryptocurrencies for exchange.
It is important to note that anonymous exchangers may provide a higher level of anonymity, but may also have higher fees or less favorable exchange rates. You should also pay attention to the security and reliability of the chosen exchanger before conducting operations with cryptocurrency.