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. These laws regularly include a requirement for exchange operators to identify their customers in line with Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulations. Regulators around the world are gradually introducing legislation that governs digital currency exchanges and the buying and selling of cryptocurrencies. Most read: Tips to safely send cryptocurrency to a wallet | Finder
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 If you want to buy cryptocurrency without ID verification, there are only a few options to choose from: Why is it difficult to buy crypto without ID? Three ways to buy cryptocurrency anonymously However, once you exceed the threshold amount specified by the exchange, you’ll likely need to provide proof of ID. The exchanges in the table below generally allow you to buy small amounts of cryptocurrency without ID.
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Buy bitcoin without ID verification on these exchanges See more: Where can i buy crypto without id