Often, people are required to provide their photo or regular ID to exchanges when transacting with bitcoin.
But if you do not have this for some reason or do not want to provide it during some transactions that you do not trust, there are some methods you can use to remain discreet.
A significant fear that people have is that the privacy of their transactions will be compromised.
It is said that bitcoin is secure, but privacy concerns have remained a big challenge for many people.
Here is some information that addresses this issue.
Buying from an Individual Using Cash
Yes, this is so far the simplest way for people who want to keep away from exchanges that retain records of people’s transactions. There are many platforms that connect individuals who buy and sell bitcoin.
All you need is to visit the web and look for such platforms. Also, social media platforms have pages that bring bitcoin buyers and sellers together.
Other individuals who would be willing to sell their bitcoin for cash include entrepreneurs who accept them as a mode of payment. If you have such a person in mind, you can buy their coins because they often cash them out after a while.
These bitcoin sale points have become very popular today. They are strategically positioned in different places and are ready to sell bitcoin for cash or other payment methods.
If your aim is to remain anonymous, you are better off if you use cash for the transactions.
For many people, these machines are game-changers in staying anonymous in the crypto world. Individual sellers are not even involved, and therefore, you can keep your investment a secret from any person.
Staying Anonymous with Exchanges
There is no proven way to stay completely anonymous while using bitcoin exchange platforms. However, one can greatly reduce the chances of being identified.
Here are some important tips to follow.
- Use reputable platforms – most of these platforms like https://nakitcoins.com/ usually respect people’s privacy and work very hard to maintain it. First of all, they provide a safe environment that cannot be accessed by hackers who are the main threat to many people.
- Use a safe device – another area of threat includes the device that you use to carry out the transactions. First of all, it should not be accessible by any other person. The other protection layer is through the use of anti-virus or malware protection. According to experts, a total internet protection package will keep malicious hackers from accessing your wallet and credentials.
The Possibility of Staying Anonymous
As we have seen from the above points, it is possible to remain anonymous while buying bitcoin. Other coins also use the same concept because they are similar in many ways.
If none of the above is working well for you, there is the option of exploring other possibilities through the help of an expert. Make sure that the expert is reputable and knowledgeable.