How to Get Started With Bitcoin Legally and Anonymously

Before we talk about how to get started with bitcoin, let’s talk about what you need to know about it. Know Your Customer (KYC) is a standard procedure that banks and other financial services use to figure out who their customers are and stop money laundering, terrorism, and other illegal things from going on.

how to get started with bitcoin

So far, things are going well. However, some people don’t like giving out personal information and aren’t sure if these databases are safe enough to keep their information private.

They might choose to deal with exchanges that don’t require them to know who they are. We have a right to privacy that is getting less and less.

If you’re into crypto and want to buy Bitcoin without telling anyone, here are some legal ways to do it.

Factors to Consider

When you have a cell phone, it’s easy to lose your privacy. You’ve been doxed as soon as you download an app or fill in a form with your phone number. This is something to remember. To avoid having your phone number be linked to your name, you can buy a non-KYC SIM card over the counter or get a Google number that isn’t linked to your name.

This isn’t always possible in every country, but if you go abroad, you might find more lenient places with these rules.

Also, it’s a good idea to use a virtual private network (VPN) to avoid being tracked when you’re online.

If you don’t do anything illegal with the advice here, it’s not illegal. This is just a way to keep your privacy and protect yourself from bad people.

1. Mining

Even though mining is a lot of work for many people and isn’t the most efficient way to get BTC, it is probably the most anonymous way to get it.

When you set up an ASIC miner at home, no one will know that you are mining at all. This, of course, only if you don’t give out any personal information while you buy the miner, use a VPN, transfer money to a non-KYC wallet, and so on.

If your electricity costs are high or low, this could be profitable or not, but mining is the best way to do it if you want to keep your information private.

2. Pseudonymous Earning

If you set up a social media account with a fake name and get a lot of attention, you could ask your followers to donate money to Satoshis to help your channel grow and become better.

Many people in the community have shown that this is possible and very profitable. This will take time and effort, and there are no guarantees that it will work.

3. ATMs

You can go to any of the many Bitcoin cash machines worldwide and use your cash to buy BTC and send it to your wallet.

Be aware that not all ATMs are anonymous, and you should check to see if they are KYC-compliant before you use them. Do not pay with a credit card because this will defeat its point.

4. Peer to peer

There are a lot of forums on the internet that connect people who want to buy or sell crypto so they can meet up and exchange money.

This could be done on the internet or in person.

When you buy or sell something online, you need to make sure that your payment method isn’t subject to KYC checks. There are a lot of P2P exchanges like LocalCryptos, ShapeShift, and BitQuick for this.

You can stay untraceable if you do it face-to-face, but be careful when meeting strangers on the street. This should only be done if you know the person, have good references or are a well-known local business.

5. Tickets

It’s possible to buy bitcoin online with cash from places like Bitnovo. There are a lot of brick-and-mortar businesses that sell tickets for money. People who don’t have a lot of money can buy it this way. It’s also very safe.

6. Work for BTC

You can ask for payment in Bitcoin for your online or offline work. It doesn’t matter what job you do: You could give your customers who pay with Bitcoin a discount. For example, you could provide them with a deal if they pay with Bitcoin. This can be completely private as long as your wallet and your customer don’t share any information about you in the process of making the payment.

7. Prepaid Cards

However, prepaid debit cards that don’t have your name are becoming less common. There are a lot of businesses that offer these cards. These are usually found in department stores, seven-elevens, and other stores that sell things like that. You can then use them to buy Bitcoin anonymously on the web when you have those.

In Conclusion

It’s not easy to buy Bitcoin in a way that doesn’t require you to show up for an interview. If your privacy is important, though, it’s worth the trouble.

Make sure you’re safe at all times, only deal with trustworthy people, and don’t put yourself in dangerous situations when meeting people in person.

Also, if you buy something anonymously, that doesn’t mean you don’t have to follow the rules in your area. Non-KYC is legal as long as you pay your taxes and use the money for legal things.

Non-KYC is one way to keep the world from becoming too much like 1984 by George Orwell.

People should stay safe. Stay in line. As long as you don’t give out your name, you.

Not money, fiscal, or legal advice.

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