How To Buy Bitcoin and Invest In Cryptocurrency Anonymously
In 2018 Or In Future Bitcoin is everywhere. By Using Bitcoin You Can Buy Anything On Internet Because Today Most Popular E-Commerce Site Are Going To Start Bitcoin Payment Option. And Main thing Is That Bitcoin price Going Higher and Higher and Because Many Top Or Entry Level Investor Going To Invest In Bitcoin They Know Its Risk But It Pay You More Than Your Risk. And
We All Know That There Was Not Any Control of Government or not any Authority Control on Bitcoin. and For This Reason many Country or Government Block Bitcoin and They Block Bitcoin Investment And Blockchain System is Also Block. So Question Is That "How To Invest in Blockchain or Bitcoin Anonymously" When You Living Country Like India or Other Democracy where Cryptocurrency Is Block. So In This Post We Share With You Simple Trick To "Invest In Bitcoin While Maintaining Privacy"
1. Use a Bitcoin ATM
Next up is the bitcoin ATM. It's very similar to the prepaid card method with similar limitations, but usually, with a higher per transaction cap. This means you can do as much as ~$1, 000 per transaction compared to the $150 of the prepaid card method
The most significant limitation to your anonymity when using a bitcoin ATM is the fact that virtually all of them have a camera and, unlike the cameras in a convenience store, you can't assume that the pictures or video will be deleted after 1–3 months. So if you're a drug lord, this isn't the way to go unless you trust a goon to do the work for you.
2. Local Peer-to-Peer Trading
How serious do you need to be about this? Well, this is the method that criminals commonly use, and the minimum purchases are higher than the maximum investments of the previous two methods, meaning you need to be talking about thousands of dollars in bitcoin. Also, this is the most expensive as your peers will often charge several hundred dollars over spot for the service.
The oldest and most popular platform for peer-to-peer trading is LocalBitcoins although there are other options such as Paxful and the Bisq Network.
These websites offer a number of options for buying bitcoin from your peers such as exchanging various types of gift cards and initiating wire transfers or cashier's checks. But, the tried-and-true method has always been and will always remain to be taking a briefcase full of cash and meeting someone. Here, you can see a few example listings on LocalBitcoins of people willing to meet and exchange cash for bitcoin in the Los Angeles area (for reference, at the time, the bitcoin price was $7,495.81)
The benefit of buying your bitcoin in this way is that you minimize your online footprint and the amount of personal information the seller has on you. Furthermore, you have much more control of the setting, including location and surveillance cameras. This allows you to wait out the surveillance camera footage and meet at much more random places to prevent patterns from forming.
There are some precautions you need to take when performing this type of transaction. Never forget you're handling thousands or potentially hundreds of thousands of dollars in cash, so the opportunity is ripe for theft, armed robbery, and scamming. You should always meet in a busy but not crowded public place with good Wi-Fi, such as a university, library, or coffee shop. If the seller won't meet you in public, find another safe place.
The benefit of buying your bitcoin in this way is that you minimize your online footprint and the amount of personal information the seller has on you. Furthermore, you have much more control of the setting, including location and surveillance cameras. This allows you to wait out the surveillance camera footage and meet at much more random places to prevent patterns from forming.
There are some precautions you need to take when performing this type of transaction. Never forget you're handling thousands or potentially hundreds of thousands of dollars in cash, so the opportunity is ripe for theft, armed robbery, and scamming. You should always meet in a busy but not crowded public place with good Wi-Fi, such as a university, library, or coffee shop. If the seller won't meet you in public, find another safe place.
3. Buy Bitcoin with a Prepaid Card
This strategy is dead simple. Walk into your local convenience store and purchase a prepaid credit card. Then, get online and register your card. The card companies don't verify the information, so you can input anything. Next, go to an exchange like Coinmama or Virwox and buy some bitcoin without verifying your account.
There are severe limitations to this plan, though. You can only do $150 at a time, due to those know-your-customer laws we discussed before. You can buy a prepaid card up to $500 plus $5 to buy it. However, most exchanges cap you at $150 plus fees without verifying your identity.
Additionally, you have to keep in mind that you're putting yourself on a surveillance camera when you buy the card. The best way around this is just to wait 1–3 months before you use the card as most stores will have deleted the footage by then.
Lastly, you're potentially creating a pattern with your purchases in the stores or on exchanges. This means that the prepaid card option isn't really practical if you're a full-blown cybercriminal with the FBI after you. But, it's good enough if you just want a little extra layer of anonymity without too much cost.
4. Bitcoin Tumbling
Tumbling is not a way to anonymously buy bitcoin. However, it is something you should always do to anonymize your bitcoin. Tumbling services attempt to anonymize your bitcoin by throwing them into a big pot of other coins and then randomly grabbing out some of the coins to give back to you. This is most effective when you do it multiple times through different providers. Most of the companies that provide these services are on .onion websites, meaning you'll need to be running Tor to find them. One on the clearnet is Privcoin.
So, This All Trick Help You To Buy Bitcoin and Hide From Your Government. In Another Way If You want To Add Some Privacy Just Use Bitcoin ATM in your Area. If Not is Your Problem .
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