However, a more accurate way to refer to bitcoin is as a pseudonymous currency. Bitcoin is pseudonymous, not anonymousīecause it’s possible for bitcoin users to send and receive BTC to one another without providing proof of ID, the currency is sometimes described as being anonymous.
#Best free bitcoin wallet for us citizens verification#
While the US is still a fairly unregulated country when it comes to cryptocurrency, US-based exchanges often require ID verification so that they’re able to operate globally. Regulators around the world are gradually introducing legislation that governs digital currency exchanges and the buying and selling of cryptocurrencies. There’s a widespread misconception that cryptocurrencies are simple to purchase anonymously, but this simply isn’t true for a couple of reasons: Increased regulation Why is it difficult to buy bitcoin without ID? However, remember that if you want to trade with complete anonymity, you’ll first need to find a way to anonymously obtain cryptocurrency using fiat currency before you can start exchanging from one cryptocurrency to another.Ĭompare all cryptocurrency exchanges and marketplaces. There are also some decentralized exchanges that don’t require any ID verification. However, you may need to provide your email address or phone number to sign up for an account. There are also some crypto exchanges that allow you to trade altcoins without verifying your ID. In fact, some crypto wallets allow you to complete the exchange of coins within your wallet, saving you the hassle of transferring your coins to a third-party exchange. Some of these sites offer “shifting” services that essentially let you trade altcoins with yourself.
However, there are several platforms where you can exchange one cryptocurrency for another without needing to verify your ID. On the vast majority of cryptocurrency exchanges, using fiat currency to buy bitcoin without ID is impossible.
Relatively simple to use, competitive fees.
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