Nov 04, · A single anonymous market manipulator caused bitcoin to top $20, two years ago, study shows Published Mon, Nov 4 PM EST Author: Michael Sheetz. If you want to be an anonymous trader, we suggest sticking with crypto deposits. Deposits and Withdrawals – The website operates within the boundaries of crypto trade if you want to maintain anonymity. They accept anonymous deposits from BTC, DASH, ETH, LTC, and Fiat options like Credit Cards, Skrill, Neteller, Wire Transfer, and a couple more. The biggest limitation of anonymous bitcoin exchange platforms is they apply a certain threshold for unverified users both in terms of trading volume and daily or lifetime withdrawals. This can cause a potential problem for those who would like to engage in trading activity anonymously with a high amount of funds. The credibility of the Exchange.
Anonymous bitcoin traderBest Anonymous Bitcoin Trading Brokers -
It is also possible that you just do not trust the platform enough to provide your credentials to the owner of the site as you are not confident in them for safeguarding your personal. Other people then just want to hide proceeds from various people, such as creditors, employees, or even spouses for various personal reasons.
On the other side, the verification process also includes providing documents to prove your identity in the form of a government-issued photo ID and prove your residence in the form of utility bills. While you can start trading right away after sign up for an anonymous bitcoin exchange as you do not have to wait until the verification process goes through approval at the platform. The biggest limitation of anonymous bitcoin exchange platforms is they apply a certain threshold for unverified users both in terms of trading volume and daily or lifetime withdrawals.
This can cause a potential problem for those who would like to engage in trading activity anonymously with a high amount of funds. With the rising number of regulations concerning the anti-money laundering aspects of cryptocurrency exchanges, the demand for anonymous exchanges is ever-growing.
More and more people are looking to purchase and trade bitcoins anonymously while the number of legit places are decreasing rapidly in the sector where you do not need to verify yourself. Make sure whenever you buy bitcoin anonymously, you make your own research about the platform you are using and if you are using P2P partners, check their track record to minimalize the risk of being caught up in a fraud.
It is known that information is leaked or lost in hacks all the time. If you own a good stack of wealth in cryptocurrencies, the information used for KYC passport, a selfie with passport, and a utility bill from the last few months can easily be used to track down who you are and where you live. After several reports of bitcoin traders already being attacked , tortured , and kidnapped to steal their coins, it is more than understandable that you do not want your KYC verification information being leaked, stolen, or published on the web or in darknet forums.
This has nothing to do with you wanting to do illegal activities — you just take your privacy seriously and protect yourself and your family. Due to the recently developing regulatory environment around cryptocurrencies, most of the jurisdictions in the world have introduced protective measures to avoid money laundering. This means that in most western European countries along with the US, cryptocurrency exchanges must identify their customers through the Know Your Client in short KYC processes.
However, you can still find legit ways to buy and trade bitcoin anonymously even if you are a resident in this area. At couple of exchanges, you can engage in trading activity right after signing up, however, the registration process involves providing a phone number.
These exchanges often apply multiple levels of verifications, where on the first level you do not have to provide too much information about your self just to get started. Limits are applicable however in these cases too. Binance is one of the most well known exchanges and trading platforms in the crypto space.
You dont need to verify your identity or address when you stay under that limit — which means you can withdraw up to 60 Bitcoin word of crypto per month completely anonymouly. This should be enough for most users, unless you are a whale. Apart from that, binance offers many other services like margin trading or staking earning interest on crypto deposits which makes Binance a real competition to all banks and brokers.
Visit Binance. Bitseven offers leverage trading of four crypto assets: Bitcoin, Ethereum, Ripple and Litecoin. Bitseven is a Bitcoin only trading platform, that means you can only fund your account with Bitcoin, even though you can trade the other three main coins as well.
Withdrawals are also only possible in BTC. Visit Bitseven. For sign-ups you only need to provide an email and a password and your account is ready to be funded for trading. This is a crypto-only trading platform, so no option to deposit or withdraw fiats, but this also means, there is no verification process at all and there is no applicable limits on trading or depositing.
Visit PrimeXBT. SimpleFX lets you to trade with a number of different altcoins, bitcoin, forex and indices without verification if you deposit using bitcoin. Upon registration, you are only prompted to enter an email and you will receive an email with instructions on setting up your password.
However, if you want to deposit any fiat money or withdraw it from the platform, you will still need to go through the verification process. However, limits are applicable in these cases too. Users do not have to provide any personal documents. Also, no limits are applicable on the platform for unverified users.
However, you can trade with both digital and fiat currencies without verification. The necessary personal information for registration includes full name, phone number, country of residence, and date of birth. At P2P Bitcoin exchanges, you can purchase and sell Bitcoins directly from private individuals, and you can also keep a low profile and do not share any personal details during the purchase process.
It has been operating since and has on the ground buyers and sellers in nearly 15, cities across the world. You can meet sellers online and execute a trade offline, you can pay in cash or send them money via SEPA or PayPal or wire transfer or direct bank deposit all depending on the seller. LocalBitcoins respects the anonymous nature of Bitcoin. This means that the ID verification process is not mandatory.
To sign up, you need to provide an email address, but you can simply bypass this using an alias email. However, some buyers or sellers may request identification in order to proceed with the trade. Users are asked to click the confirmation link sent to the registered email, and to set two security questions. They can also verify their phone number and activate SMS notifications.
They can opt for being notified of a broad range of activity related to their account via email. However, only alerts about critical movements are sent via SMS.
However, with more sophisticated techniques, you can be tracked. These are possible methods of demasking anonymity. We would like to wish you guys good luck and happy trading! Best Anonymous Bitcoin Trading Brokers On the internet today, we have a lot of Bitcoin brokers that provide anonymous trading. Deposit and Withdrawal Methods — The derivatives margin broker only accept BTC deposits, no other cryptocurrencies and of course no fiat money.
But fortunately this is not the case with PrimeXBT. The only fee occurring with BTC deposits and withdrawals is the bitcoin network fee. So traders can also trade indices, Forex and Commodities, of course all in the form of perpetual contracts for difference.
Website Features — The website is super simple, a very clean design reduced to just those elements that are needed for traders in order to start trading. We like the simplicity of the trading interface. Nearly all altcoins come with a maximum leverage of , except 3, which come with only 20x maximum leverage.
However, the maximum daily withdrawal is 10 BTC. Website Features — The trading interface is simple and clear and also allows new users to get along quickly.
The trading engine allows bi-directional trading, meaning long and short positions for the same product at the same time. Available Cryptocurrencies and Market — on BitSeven you can trade Bitcoin, Ethereum 50x leverage , Litecoin 40x leverage and Ripple 30x leverage in the form of derivatives.