BanklessTimes
buy bitcoin anonymously
Home How and Where to Buy Bitcoin in 2025 How to Buy Bitcoin Anonymously & Without KYC in 2025

How to Buy Bitcoin Anonymously & Without KYC in 2025

Sam Atkins
Sam Atkins
Sam Atkins
Author:
Sam Atkins
Crypto Writer
Samuel is an experienced copywriter and editor, working as Head of Content at a UK-based digital marketing agency. Since completing his Creative Writing degree in 2021, Samuel has produced educational content and marketing copy for some of the world's largest centralized exchanges and Web3 projects. Outside of work, Samuel is heavily invested in the cryptocurrency space, including as an early investor in several DeFi companies.
January 3rd, 2025
Editor:
Ruby Layram
Ruby Layram
Editor:
Ruby Layram
Crypto Content Editor
Ruby is a seasoned Editor with 5 years of experience working in the cryptocurrency space. She currently works as a Crypto Content Editor for BanklessTimes with a focus on creating informative content that helps our readers navigate cryptocurrency with confidence. Ruby discovered crypto whilst working as a freelance writer at University. She has been passionate about shedding light on crypto and DeFi through valuable content ever since. Before joining the team at BanklessTimes, Ruby worked on a number of established finance sites including The Motley Fool, TradingPlatforms.com, StockApps, ICOBench, and MoneyMagpie.com.
Fact Checker:
Ruby Layram
Ruby Layram
Fact Checker:
Ruby Layram
Crypto Content Editor
Ruby is a seasoned Editor with 5 years of experience working in the cryptocurrency space. She currently works as a Crypto Content Editor for BanklessTimes with a focus on creating informative content that helps our readers navigate cryptocurrency with confidence. Ruby discovered crypto whilst working as a freelance writer at University. She has been passionate about shedding light on crypto and DeFi through valuable content ever since. Before joining the team at BanklessTimes, Ruby worked on a number of established finance sites including The Motley Fool, TradingPlatforms.com, StockApps, ICOBench, and MoneyMagpie.com.

Bitcoin is a transparent, pseudonymous network. All transactions are recorded on a decentralized ledger and are visible to everybody. When looking at the blockchain, it’s possible to see the wallet addresses associated with both senders and receivers, as well as the amounts being sent in each transaction.

This means that although there is a certain level of privacy, it is possible for people to trace transactions to a particular user, especially if that person has bought Bitcoin on a centralized exchange on which they’ve revealed their identity.

However, if you want to know how to buy Bitcoin anonymously, there are some ways to do so.

A Quick Overview of How to Buy Bitcoin Anonymously

Below is a quick overview of how to buy BTC anonymously. You can find a more detailed guide further down in this page.

  1. Always use a VPN to hide your IP address when you’re online
  2. Use a pseudonym when creating an account (avoid creating accounts where possible)
  3. Use a decentralized exchange or peer-to-peer trading platform
  4. Create a separate, non-custodial wallet for each transaction
  5. Use a tumbling service to remove any association with the Bitcoin’s origins

Where to Buy Bitcoin Without ID

First things first, you need to know where to buy Bitcoin anonymously. There are lots of options, but I’ll explore some of my favorites below.

SimpleSwap

SimpleSwap is an instant cryptocurrency exchange with more than 1,500 assets available. Users can exchange their cryptocurrencies, or buy and sell new crypto assets, including Bitcoin.

SimpleSwap uses currency pairs – both crypto-to-crypto and fiat-to-crypto – to allow you to buy Bitcoin.

SimpleSwap is “Free from sign-up”, meaning that users can access SimpleSwap anonymously. Despite not requiring users to register for an account, SimpleSwap provides 24/7 customer support, making it a fantastic option for new or inexperienced investors.

And the best part? SimpleSwap is entirely non-custodial, which means that your new Bitcoin purchase will be sent directly to your personal wallet – with SimpleSwap, you’re always in control of your assets.

simpleswap exchange

Hodl Hodl

Hodl Hodl is another excellent option. Hodl Hodl is a peer-to-peer (P2P) Bitcoin trading platform. It’s entirely non-custodial, which means that the platform doesn’t hold your funds.

Hodl Hodl has been in business for seven years and offers more than 100 different currencies for trading. Every transaction is completely anonymous which means that users can buy Bitcoin without revealing their identities. Hodl Hodl is globally accessible and facilitates currency trading using any payment system.

Hodl Hodl uses multi-signature (multisig) contracts for additional security, and there is no verification required before users start trading.

But, how do you buy Bitcoin anonymously on Hodl Hodl?

  1. Contract Creation – The buyer and seller engage in a contract and Hodl Hodl generates a unique escrow address
  2. Deposits and Payment – The seller deposits BTC into the escrow and the buyer pays the seller according to a pre-agreed payment method
  3. BTC Release and Contract Closure – The seller releases BTC from the escrow
hodl hodl marketplace

Bisq

Bisq is a decentralized Bitcoin exchange network. Users can buy and sell Bitcoin for either fiat or cryptocurrencies using a private and secure P2P network.

Bisq uses open-source desktop software and there is no registration required, making Bisq one of the best anonymous methods for buying Bitcoin.

Due to the lack of identity verification required, it’s possible to start buying Bitcoin in minutes. Deposits are held in 2-of-2 multisig wallets, and Bisq never holds users’ funds. Additionally, user data is never sent to a central server, and each node on the network is a Tor hidden service, by default.

Finally, Bisq is truly decentralized, with Bitcoin trading taking place on a global P2P network of real-users and the Bisq DAO (decentralized autonomous organization) enabling decentralized governance.

bisq exchange

Margex

When deciding where to buy Bitcoin anonymously, there are very few options that allow you to do so with up to 100x leverage. Margex is a trading platform that provides users with access to global cryptocurrency markets.

Trades are executed quickly and fees are competitive. Margex gets liquidity from more than 12 different providers and is available in over 150 countries! There are more than 50 trading pairs available, including BTCUSD, and all trades are secured with Margex’s robust security infrastructure. This includes 100% asset protection, with cryptocurrencies stored in a multisignature cold wallet.

margex exchange

MEXC

MEXC is a cryptocurrency exchange with fast trades, tight spread and fantastic liquidity. There are more than 2,800 tokens available for spot trading – including Bitcoin – and more than 650 tokens available for futures trading.

MEXC offers welcome rewards, with new users able to claim up to 8,000 USDT by making deposits on the MEXC deposits, and trading on the MEXC exchange can entitle users to certain airdrops.

The platform prioritizes safety, allowing users to buy Bitcoin securely. MEXC holds assets in reserve with a reserve rate that exceeds 100%. MEXC also combines hot and cold wallet storage solutions and offers compensation for futures traders.

Bitcoin ATMs

If you want to know how to buy Bitcoin with cash anonymously, Bitcoin ATMS – sometimes known as a “BTM” – are probably your best option. Working in a very similar way to a standard ATM, Bitcoin ATMs are physical kiosks operated by third-party providers.

To use a Bitcoin ATM, users need to either insert cash or a debit/credit card and swap fiat currency for BTC. There are thousands of global Bitcoin ATMs available, making it a great option for investors around the world.

Users will typically be asked to enter their Bitcoin address, but the ATM can also create a paper wallet on your behalf – this is a great way of maintaining anonymity when buying Bitcoin.

Is It Legal To Buy Bitcoin Anonymously?

It’s perfectly legal to buy Bitcoin anonymously, assuming that cryptocurrencies are legal in your specific jurisdiction.

However, if you decide to use a centralized exchange (CEX), those platforms are legally required to verify your identity.

This is why you should always use a decentralized exchange or peer-to-peer platform when looking to buy Bitcoin anonymously.

Why Buy Crypto Anonymously?

Admittedly, maintaining complete anonymity while buying Bitcoin can sometimes make the process a little more complex, so is it worth the hassle?

Fast buying process

Despite the extra hoops that can be required when buying Bitcoin anonymously, sometimes this extra privacy can speed up the buying process!

When purchasing Bitcoin through a centralized exchange, users are required to complete extensive know your customer (KYC) checks. This can involve sending photos of your driving license or passport, which – aside from being the opposite of anonymous – can significantly slow down the process.

These exchanges also often have cool-down periods after you’ve created an account. For example, Kraken requires users to wait 24-hours before they can start buying or selling cryptocurrencies.

If you’re looking to buy Bitcoin anonymously and quickly, decentralized alternatives are usually much quicker – you can simply connect your wallet and start trading.

Private donation

There are several reasons that somebody might want to remain anonymous when conducting financial transactions.

For one, if a person wanted to make a private donation, perhaps to a political party or public cause, using Bitcoin that has been bought anonymously can allow them to do so without exposing their real identity.

Crypto gambling

Certain online platforms have utilized the privacy and security associated with the cryptocurrency industry. For example, there are a number of excellent anonymous crypto gambling sites that allow users to create an account without completing KYC checks.

Therefore, if you buy Bitcoin anonymously, you can then play your favorite slots and casino games without giving away any personal details at all.

How to Stay Anonymous When Using Bitcoin

Even if you know how to buy Bitcoin with no KYC, it’s still not guaranteed that you can stay completely anonymous when using your Bitcoin.

Use a pseudonym

Always use a pseudonym when creating accounts or using Bitcoin online. Consider creating a separate email address that you only use when doing something that involves cryptocurrencies. This email shouldn’t include personal details such as your name or date of birth.

Because of the nature of blockchain technology, it’s possible to view every transaction made on the Bitcoin network.

If you’ve created an account using your real name, it’s perfectly feasible that somebody could trace your transactions – even those made on separate, anonymous platforms – back to this account. Therefore, you should always use a pseudonym wherever possible to maintain privacy.

Use a VPN

Use a Virtual Private Network (VPN) to remain anonymous when buying or using Bitcoin. VPNs help to protect privacy and anonymity by encrypting your internet traffic and hiding your IP address and personal location.

This anonymity can help to avoid somebody – fraudsters, internet service providers or the government – tracking your Bitcoin transactions back to a specific location.

Non-custodial wallets

Always use a non-custodial Bitcoin wallet when trying to buy Bitcoin anonymously. A non-custodial wallet is a specific type of wallet that ensures users have full control over their cryptocurrencies and private keys. As a user, you’re responsible for managing your keys and your funds, and no third-party can access your information (unless you give them permission).

If you decide to use a custodial wallet, not only will a central entity have access to information about your holdings, they’ll also legally require you to provide them with personal information such as your name, email and home address.

Find a Bitcoin wallet that doesn’t require ID verification. There are also certain non-custodial wallets out there that really prioritize privacy, obscuring the origin of any cryptocurrencies (including Bitcoin). For example, Wasabi is a desktop wallet that uses CoinJoin transactions to anonymize transactions.

Tumbling services

A cryptocurrency tumbler is a service that mixes cryptocurrency transactions with other transactions. Sometimes known as “crypto mixing” or “crypto blending”, a tumbling service will eliminate the chance of somebody discovering the origins of a Bitcoin transaction.

Crypto tumbling works in a similar manner to a VPN, hiding the address of somebody sending Bitcoin from the person receiving it. Some tumbling services will also split up the amount of Bitcoin being sent, further randomizing the transaction. In theory, there should be no association between the cryptocurrency’s origin and final destination.

Just remember that a tumbling service will typically take a small percentage fee of each transaction!

What Are the Risks of Buying Bitcoin Anonymously?

Now you know how to buy Bitcoin anonymously, you should also be aware of the risks before you make your first purchase.

Loss of funds

When buying Bitcoin anonymously, you should be aware that there’s always a chance that you’ll lose your funds and won’t be able to recover them.

There are limited protections in place within crypto regardless, let alone when there isn’t a name or any personal details attached to a transaction.

So, remember that if you transfer your Bitcoin to the wrong wallet address, those funds will be lost to you.

Fraud and hacking

There are a huge number of malicious actors within the crypto space. When you choose to use a centralized exchange or a licensed and regulated platform, there are additional security protocols that help to keep your funds safe, but when buying Bitcoin anonymously, there are arguably less protections in place.

Region-specific restrictions

Even when buying Bitcoin anonymously, you’ll likely face certain restrictions. It’s important that you always adhere to any legal requirements when investing in crypto, and certain platforms aren’t available in the US, for example, and other countries have banned their citizens from buying or selling crypto at all.

Final Thoughts

Bitcoin is arguably one of the most transparent networks in the world. Every transaction is visible on the blockchain and can potentially be traced back to a real person’s identity, unless steps are taken to maintain anonymity.

Whether you’re buying Bitcoin anonymously or have decided to purchase cryptocurrency using a centralized exchange with KYC checks, just remember to stay safe and have a good investment strategy in place.

FAQs

Is there a way to buy Bitcoin anonymously?

Yes, there are several ways to buy Bitcoin anonymously. Using a decentralized, peer-to-peer exchange can allow you to buy Bitcoin without revealing your real identity, and it’s also possible to use Bitcoin ATMs if you’re hoping to buy Bitcoin with cash. Using a VPN, tumbling service and creating a separate wallet for each transaction can also help to increase anonymity when buying Bitcoin online.

How do I pay Bitcoin anonymously?

If you want to pay anonymously using Bitcoin, create a separate wallet. This can still be traced back to you if you’ve sent funds from your usual wallet, so consider using a tumbling service to remove any association between your two wallets. Make sure you use a pseudonym when signing up to any services and use a VPN to hide your IP address.

Can you have an anonymous Bitcoin wallet?

Yes, non-custodial wallets are anonymous – assuming you adhere to best practices when it comes to maintaining your privacy. It’s possible to create a hot wallet with no personal details, which means that you can keep full control of your Bitcoin anonymously. However, if you connect this wallet to a centralized exchange, it’s then possible to link your wallet with your personal identity.

Is Bitcoin 100% Anonymous?

No, Bitcoin is not 100% anonymous. Instead, it’s pseudonymous, which means that transactions are completely transparent, but can only be linked to a real-identity if your personal information is available on a platform that you’ve connected your wallet to. It’s possible to increase your anonymity when using Bitcoin, but it’s very difficult to remain entirely anonymous.

Can a BTC wallet be traced?

Yes, a Bitcoin wallet can be traced. Blockchain technology ensures that all transactions are visible on a distributed ledger, and so anybody can see which transactions are taking place in real-time. This includes wallet addresses – belonging to both senders and receivers – and transaction amounts.

Contributors

Sam Atkins
Crypto Writer
Samuel is an experienced copywriter and editor, working as Head of Content at a UK-based digital marketing agency. Since completing his Creative Writing degree in 2021, Samuel has produced educational content and marketing copy for some of the world's largest centralized exchanges and Web3 projects. Outside of work, Samuel is heavily invested in the cryptocurrency space, including as an early investor in several DeFi companies.