How to buy Bitcoin anonymously or using KYC?

[FinneysTrueVision]

If you wanted to buy seven figures worth of Bitcoin, there wouldn't be enough liquidity on exchanges like Bisq. You could try to spread out your purchases into smaller amounts across different P2P exchanges, but this would likely take a very long time to complete. Trading at that size would also be very difficult to do on reputable OTC desks.

There are ways in which hackers are able to cash out stolen money. As a buyer, you could use those same services, but that is obviously massively risky and illegal. Your most viable options would be to give up your privacy and use a KYC exchange or use P2P exchanges which will be time consuming and inefficient.

[Aanuoluwatofunmi]

Many don't know the difference between using a centralized platform and a decentralized one and the advantage they have over each other, but irrespective of the decision with took, it is also important that we know why we should move our assets to a decentralized platform or on a non-custodial wallet after using a custodial means to acquire them, so that you can be in charge and control our finance all by ourselves.

[sfjordhalvson]

Many don't know the difference between using a centralized platform and a decentralized one and the advantage they have over each other, but irrespective of the decision with took, it is also important that we know why we should move our assets to a decentralized platform or on a non-custodial wallet after using a custodial means to acquire them, so that you can be in charge and control our finance all by ourselves.

A lot of beginners buy BTC on centralised exchanges because its the easierst way to get started absolutely nothing wrong with that, the probelm is when people leave their coins there and think they fully own them. So if your btc stays on exchange, the platform controls the private keys, that means they can freeze withdrawals, limit access or even fail as a business. We've seen this happen many times in crypto. Thats why many people follow the rule, not your keys and not your coins. After buying bitcoin, moving it to a non custodial wallet like bluewallet, electrum or hardware wallet such as ledger or trezor give you full contol of your funds.

Of course, self custody  also means responsibility, if you lose your recovery phrase, no one can recover your coins for you. best approach would be is u use your exchanges to but bitcoin, move it to your own wallet or keep your backup phrase safe offline.

[MusaMohamed]

A lot of beginners buy BTC on centralised exchanges because its the easierst way to get started absolutely nothing wrong with that, the probelm is when people leave their coins there and think they fully own them. So if your btc stays on exchange, the platform controls the private keys, that means they can freeze withdrawals, limit access or even fail as a business. We've seen this happen many times in crypto.

Even there have been less no KYC centralized exchanges, people can still find such exchanges and use them while they also have to be aware that KYC will be enforced anytime by no KYC centralized exchanges.

The main barrier for beginners in this market, is they don't know importance of privacy, hence they easily accept KYC request from any centralized exchange, and they don't mind to find no KYC exchanges.

Thats why many people follow the rule, not your keys and not your coins. After buying bitcoin, moving it to a non custodial wallet like bluewallet, electrum or hardware wallet such as ledger or trezor give you full contol of your funds.

There are many hardware wallets, open source, so I don't recommend the Ledger hardware wallet, that is close source and has many data breaches in its history, and people have to know how to buy hardware wallets safely.
[LIST] Open source hardware wallets.
[GUIDE] How to buy a Hardware Wallet the right way

[Chinesebaby]

However, yes, you can buy BTC in no-kyc services, but if it is a very large amount, then it becomes more difficult.

And in a situation like this, i think the best way for such investor to buys simultaneously at a certain interval of time, in other to avoid suspicion while choosing to buy from a No-KYC platform. Ans then move all the funds to your non custodial Bitcoin wallet where you have full control over its private keys.

However, this forum is also another good place to buy Bitcoin anonymously, because since KYC is never required when registering an account, an individual who wishes to buy Bitcoin can just head over to the service board, negotiate price with any reputable user who is willing to sell and make payment anonymously, and the BTC will be sent to his wallet immediately after confirmation.

[Dogedegen]

You can call it highly private transaction, but not fully anonymous. For p2p with fiat and crypto, at least either you are a seller or buyer someone will provide name and say bank account number for fiat transfer, unless there are fiat payment ways that only shows QR code, but yet in the the transaction history recorded, some apps shows names and the bank account #. So again, you cannot call it anonymous if you're sharing such info, CCTVs are all over the place too.

Nobody is providing any names or bank account information under a P2P transaction that involves cash, I don't know what you are talking about. Also please stop bringing up CCTVs because life is not a movie. Nobody cares at some random CCTV that someone is handing over a bag to you, nobody is watching you and the transaction amount that you are most likely conducting is not important compared to what is going on every single day. Please do not write stuff when you have never conducted these kinds of transactions with established and reputable networks. I have been part of these in various environments and have never seen the same person twice unless they chose to do more transactions in the future. There is nobody looking, nobody watching, nobody following you when you deal with reputable networks. Reading less Coindesk and watching fewer Netflix action movies will do you good. 

Yea, just buy it from a reputable exchange, just ignore all the 1000 other reasons you shouldn't Bro, the maximum security isn't worth shit if ur identity's stolen cause now your safety's in danger....

Yeah in most cases it is not worth it and even if you have right for data deletion if you are an European for example it still sucks because they have to retain the data for 7 to 10 years after your account is deleted. So that does not help at all either, there is a very long period of time under which you get high risk of being exposed. This is why I only do P2P, even when I travel to other countries you can find P2P dealers. Sometimes the people that run Bitcoin ATMs will have a connect or provide the service for you. Ask around, but anonymously of course. 

[coinlary]

However, this forum is also another good place to bbuyu Bitcoin anonymously, because since KYC is never required when registering an account, an individual who wishes to buy Bitcoin can just head over to the service board, negotiate price with any reputable user who is willing to sell and make payment anonymously, and the BTC will be sent to his wallet immediately after confirmation.

Well you can still compromise yourself, there are so many ways to compromise  your  identity while using the forum but the forum is indeed a  source to get your Satoshis  with ease.

You can find and choose an exchange based on the list on https://kycnot.me/?categories=exchange.
Basically, that website curates a list of services where you can use cryptocurrency without needing to do KYC procedures.

Bitlist also have a list https://bitlist.co/exchanges , not a long one though so I don't  think it contain all list but I can see reputable ones listed on it already.

[PX-Z]

...

Now, it confuses me what i had write earlier, i stand corrected, were talking of cash transaction here lol. Still, i wouldn't consider it fully anonymous because your face can still be seen during the meetup or exchange. I’d rather call it a highly private transaction instead.. After receiving the funds from the p2p transaction, using decentralized swaps or mixers could be another step for those who want to further reduce the traceability of the transaction.

[Questat]

While it protects our self-identity and financial privacy from buying anonymously, but it also involves higher risks than using regulated exchanges. It demands high technical caution to avoid falling from scams and high fees.

These are the common anonymous methods: p2p platforms, bitcoin ATMs and in-person trades. However, the most common here is the p2p transactions using bisq which allow to trade directly without identity verification. Its quite safer than bitcoin ATMs and in-person trades where it carries high physical safety risk and should secure the location first before doing transactions.

[BlackBoss_]

While it protects our self-identity and financial privacy from buying anonymously, but it also involves higher risks than using regulated exchanges. It demands high technical caution to avoid falling from scams and high fees.

These are the common anonymous methods: p2p platforms, bitcoin ATMs and in-person trades. However, the most common here is the p2p transactions using bisq which allow to trade directly without identity verification. Its quite safer than bitcoin ATMs and in-person trades where it carries high physical safety risk and should secure the location first before doing transactions.

Bitcoin ATMs no longer provide anonymous trades, did you forget that Bitcoin ATMs recent years require information of users, and it's like KYC while governments have been tightening operations of Bitcoin and cryptocurrency ATMs in many countries.

With P2P platforms, Bisq is a very good choice, and it is a very old P2P platform but it's not the only choice. I am really unsure but I am doubtful that Bisq is a most common platform used for P2P trades (not transactions) among people who have bitcoins and want to buy bitcoin from sellers. Bisq as far as I know has very low trading volume that is one of its biggest disadvantage compares to Centralized Exchanges and perhaps other DEX.

[Alphakilo]

...

Now, it confuses me what i had write earlier, i stand corrected, were talking of cash transaction here lol. Still, i wouldn't consider it fully anonymous because your face can still be seen during the meetup or exchange. I’d rather call it a highly private transaction instead.. After receiving the funds from the p2p transaction, using decentralized swaps or mixers could be another step for those who want to further reduce the traceability of the transaction.

The use of HD wallets which have the feature to generate a new address everytime is adviced also when talking about reducing traceability and the use of hardware wallets like coldcard or BitBox 02.
The only real option for pure anonymity is to just mine your own Bitcoin but it's a very slow process or better still, a gradual P2p accumulation that is in essence a DCA strategy, will stand to reduce any interest from prying eyes or arising questions.

[Maslate]

I get it when people buy anonymously to protect their personal identity and keep financial privacy, but I don't get it when they start to experience complications the moment they decide to sell when they can't show receipts the origin of their bitcoin, why take the risk of anonymous buying from the very beginning when we can follow the legal and safer procedures that won't put our bitcoin portfolio at risk?

Sometimes what we see others doing do not automatically mean that they're doing it right, and if we follow or repeat their mistakes, then we are not excused either of the future consequences from our wrong actions.

[Peanutswar]

Nowadays you can have different options to buy a bitcoin, others are using an exchange to buy bitcoin which of course requires a KYC verification which is course we dont want because some of them has a limit with their transactional base and it collects a data of a user. Now other option is using a Decentralized exchange all you need is your wallet, the website, send funds and received to the destination address. Also, what does the really purpose of the bitcoin a peer-to-peer transaction. One of the thing the most important you protect is your personal data.