You can sell your bitcoin crypto using several methods, but the most common is stated below with three simple steps: 1. One of the simplest and automated ways to turn your Bitcoin crypto into hard cash is through an exchange platform, so set up an exchange account.
Make sure you transfer your Bitcoin crypto to your exchange wallet. Place a sell order. Bitcoin cryptocurrency is very volatile. The value varies every minute and can only be predicted and not assured. So, if you want to sell your bitcoins, do take some expert guidance. Like keeping cash or cards in a physical wallet, you can also store bitcoins in a digital wallet.
The digital wallet is generally web-based or hardware-based. Each Bitcoin is actually a computer file stored in a digital wallet app on a smartphone or computer. Others can send Bitcoins or part of one to your digital wallet, and you can send Bitcoins to others. In addition, you can buy Bitcoins using physical or virtual money. As of the time of publication of this article, it is calculated that about nine hundred new bitcoins are mined in a day.
Therefore, on average, one hundred forty-four blocks are mined daily, and each contains 6. How to buy Bitcoin crypto from Exolix anonymously? Visit Exolix. Buy Bitcoin Anonymously on Exolix. Visit LocalBitcoins. Buy Bitcoin anonymously on LocalBitcoins. Buy Bitcoin on LocalBitcoins? Visit PrimeXBT. What can you buy with bitcoin? How to sell bitcoin? Should I sell bitcoin? How to store bitcoin? How does Bitcoin work? How many bitcoins are mined in a day?
Share your Love. How does Margin Trading Work? CoinCorner is a regulated platform, so you need to go through the KYC process to buy cryptocurrencies like Bitcoin. Visit Coincorner. Coinbase is certainly one of the largest and most famous cryptocurrency brokers in the United States and globally. Apart from Bitcoin, you can buy almost 50 cryptocurrencies with Coinbase and use its top-notch cryptocurrency wallet.
Further, Coinbase is a licensed and fully-regulated platform, so you can be sure about the safety of your trades. Also, the platform has a good reputation and low deposits, although it charges relatively higher fees than other brokers and exchanges. Visit Coinbase. Changelly is a cryptocurrency exchange platform where you can buy, sell, swap or exchange more than cryptocurrencies, including, obviously, Bitcoin.
The platform stands out with its quick transactions, multiple payment methods, and good customer service. It has two different accounts — one for beginners and a pro account for advanced traders. Visit Changelly. The broker, which was founded in , also has a wide selection of assets to offer in the form of CFDs, so, you can only buy bitcoin through Contracts for Differences without paying fixed trading commissions and the need to store your coins on a crypto wallet.
Therefore, Capital. At last, this broker is fully licensed and regulated by several financial entities around the world. Visit Capital. Libertex is another CFD trading platform that has a good reputation with almost 30 industry awards to its name. But, unlike Capital. Plus, you can trade not only on the Libertex platform but the broker also gives you access to the MetaTrader 4 and MetaTrader 5 trading platforms.
Visit Libertex. Plus is another trustworthy brokerage platform that allows trading only through CFDs. Generally, Plus stands out with its easy-to-use platform and provides one of the best mobile apps for mobile trading. When it comes to trading fees, Plus does not charge fixed trading commissions and charges the market spread only. Visit Plus Binance is one of the leading brokerage platforms in the cryptocurrency industry that accepts customers worldwide and offers very competitive fees around 0.
As to buy Bitcoin anonymously, Binance requires an ID verification and proof of address to verify your account, however, you can buy limited amounts of bitcoin without verifying your identity. It also provides a peer-to-peer trading platform on which you can buy bitcoin directly from the seller without the involvement of a third party. Visit Binance. In general, there are two crucial factors that you need to take into account while selecting these cryptocurrency exchange platforms as the best brokers to buy bitcoin anonymously.
Notably, ll the platforms in our list are heavily regulated by top-tier authorities, which means that the safety of your trades is guaranteed. Secondly, most of these platforms charge either commissions or spreads, which are pretty competitive compared to the rest of the market. Coinbase, for example, charges higher fees, but this platform stands out with its super safety. In fact, buying bitcoin and staying fully anonymous is almost impossible, even when you mine it.
P2P marketplaces cannot be a good option too as the problem is that even if the platform does not require you to verify your ID, sellers may require you to do this to make a contract with you. And secondly, these marketplaces are not always regulated, which means there can be lots of scams and frauds. Some peer-to-peer marketplaces that require ID verification allow you to buy bitcoin without ID but in limited amounts, like Binance or Paxful.
Binance, for instance, does not require you to verify your account to purchase bitcoins, but still, the daily amount of bitcoin you can withdraw with this platform is limited. Plus, recently, Binance announced reducing the daily withdrawal limits of bitcoin from 2 BTC to 0. Most people think that bitcoin is fully anonymous, and when you make a transaction using a pseudonym, no one can ever reveal what you have done. When we talk about bitcoin, it would be correct to use the term pseudonymous instead of anonymous.
With the amount of bitcoin that was sent or received, the ledger contains information about the address of the sender and receiver. Thus, if someone finds your identity linked to your bitcoin address and has enough time and resources, it is possible to track all your transactions and to reveal the addresses you bought and sold your bitcoin, how many bitcoins you had in all those transactions and when you made your transactions.
To prevent this, one of the solutions was offered by the inventor of bitcoin, known under the pseudonym Satoshi Nakamoto , which is to use a new address for each transaction. Simply put, this is the same as releasing a new song, poem, novel, or something else, each time using different pseudonyms. So, when people reveal the actual owner of one poem, your other poems cannot be linked to you as they are under various pseudonyms. You can find more information about the history of bitcoin and how cryptocurrencies work in our guides on Buying Cryptocurrency and Buying Bitcoin.
One of the ways to buy Bitcoin anonymously without going through any account verification or identification processes is using prepaid cards. This is because these cards already have a loaded balance and are not linked to any of your personal accounts. You can obtain prepaid cards quickly at any supermarket and use the money loaded on them to buy bitcoins on peer-to-peer marketplaces without giving any vital card information to your seller.
To do that, you can find a P2P marketplace that does not require ID verification, use it to get in touch with sellers, and buy bitcoin directly from the sellers. Plus, sellers most often prefer buyers with verified IDs. To buy bitcoin anonymously without verification, you need to find a cryptocurrency brokerage platform or P2P marketplace that allows you to use its services without verifying your account. Usually, these P2P marketplaces are not regulated, which can harm the safety of your trades.
Otherwise, you can find some regulated platforms where you can buy bitcoin without ID verification with daily limitations on the amount of bitcoin you can withdraw from your account. One such marketplace is Paxful that allows buying bitcoin without ID in some countries.
Binance is another peer-to-peer marketplace that allows buying BTC without ID, but recently it decreased the amount of bitcoin you can withdraw from your account daily. Now, you can withdraw 0. Generally, providing your credit card details to a cryptocurrency exchange platform can be dangerous. In that matter, several licensed and regulated brokerage platforms allow you to buy bitcoins with your credit card and transfer them to your cryptocurrency wallet.
All brokers included in our list are fully regulated, so you need to select the one that accepts credit cards as a payment method. As previously mentioned, buying bitcoin and remaining fully anonymous is sort of a risky process.
In any case, you need to provide some personal information to the exchange platform or a peerpeer marketplace, not to mention the scams that can happen when your broker is not regulated. Most reputable trading platforms, such as Coinbase Capital. For example, ID and address verifications that Coinbase requires to allow you to trade on its platform are necessary by the law as Coinbase is a fully regulated platform.
The bottom line, data and privacy protection are vital factors to consider choosing a brokerage platform. Therefore, in most cases, the brokers that we recommend possess data privacy, and they are entirely trustworthy. If you want to remain anonymous, you can transfer your bitcoins to a cryptocurrency wallet after buying it on Coinbase, and then, the broker will not trace how you use your coin later and what happens to them.
Transferring your bitcoins to a cryptocurrency wallet is a must-do step if you want to keep them safe and avoid being hacked. For that matter, there are two kinds of Bitcoin wallets to keep your coins — cold wallets or hot wallets. Cold wallets, also known as hardware wallets, are external devices to keep your coins safe and are considered the best options for storing your coins safely. Hot wallets, on the other hand, are software apps. Instead, they act just like private keys through which you get access to the part of the blockchain where your bitcoin is stored.
There are also some cryptocurrency exchange platforms that allow you to buy bitcoin anonymously with no registration. Anyway, even on those platforms, you need to provide some information to confirm the payment, which may include your email, phone number, and bitcoin address. Another way of getting bitcoin with no registration is using Bitcoin ATMs near your location.
But this is not a very popular method as there are not too many bitcoin ATMs, so you may not find them so easily. Plus, they charge high fees for transactions.
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