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How to Buy Bitcoin with a Credit Card and No Verification

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Investing in cryptocurrencies without KYC (Know Your Customer) is still possible in 2024. This includes using fiat currency payments like credit cards. However, caution is advised, as no-KYC platforms are often unlicensed.

This guide discusses the safest ways to buy Bitcoin with a credit card and no verification. Methods are ranked by ease of use, estimated fees, and security. Read on to purchase cryptocurrencies anonymously.

Ranking the different ways to buy Bitcoin with a credit card and No KYC

These five methods offer the cheapest way to buy crypto instantly and can be considered the best ways to buy Bitcoin with a credit card and no verification:

Credit Card MethodEstimated ChargesBest For?Effort Required?
Best WalletApproximately 3%Speed, fees, and ease of useMinimal
Peer-to-Peer ExchangesUsually at least 20% above the spot priceAvoiding third partiesMedium
No-KYC ExchangesApproximately 3-5%Instant settlementMinimal
Crypto ATMsUsually at least 10% above the spot priceIn-person transactionsHigh
Gift CardsUsually at least 10% above the spot priceIncreased anonymityHigh

A closer look at how to buy crypto with a credit card (no KYC verification)

We’ll now take a closer look at the cheapest way to buy cryptocurrency with a credit card or debit and no verification. The pros and cons of purchasing Bitcoin with each method are covered, allowing investors to make an informed decision.

1. Best Wallet – The best way to buy Bitcoin anonymously with Visa and MasterCard

Best Wallet will appeal to most Bitcoin investors. It’s both a self-custody wallet and a decentralized exchange. No bank account or personal information is needed. Just decide how much Bitcoin to buy, type in the credit card details, and confirm. Go back to the wallet balance and you should find the purchased Bitcoin immediately.

Limits depend on the payment processor, but some allow over $5,000 without KYC. Best Wallet also supports the best altcoins, including Shiba Inu, Ethereum, Bonk, Solana, and BNB. It also offers instant token swaps via liquidity providers. Everything is conducted within the wallet interface.

Best Wallet review
Best Wallet: Source – Best Wallet website

Most credit card purchases cost 3% but the fees aren’t transparently displayed. This is because charges are included in the final quote. Best Wallet is available as an Android and iOS app. Support for desktop browsers is on the way. Future features also include leveraged perpetual and staking.

Pros

  • Buy Bitcoin anonymously via a self-custody wallet
  • High limits are supported
  • Purchases are settled immediately
  • Reasonable fees of about 3%
  • Also supports altcoins

Cons

  • Only available as a mobile app
  • Staking features are still being developed

2. Peer-to-peer exchanges – Use a credit card without trusting centralized platforms

The next method to use to purchase crypto is to use peer-to-peer crypto exchanges. Most peer-to-peer sellers prefer local bank transfers and e-wallets, although credit cards are sometimes accepted too. The process avoids centralized providers, as the credit card payment will be processed directly by the seller.

But first, the seller must transfer the exact Bitcoin amount to the exchange’s escrow. This ensures the payment is only made once the coins are locked. They’ll be released once the seller confirms they’ve been paid. Smooth peer-to-peer transactions are often completed in minutes.

Buying Bitcoin with a credit card via peer-to-peer exchanges
Buying Bitcoin with a credit card via peer-to-peer digital currency exchanges – Source: LocalCoinSwap

However, the main issue is fees. There’s a huge premium when accepting credit cards, considering the risk of chargebacks and increased transaction charges. We discovered most peer-to-peer sellers add hidden fees of at least 20% to the Bitcoin spot price, with fees built into the exchange rate.

Pros

  • Use a credit card without centralized exchanges
  • Buy Bitcoin directly from the seller
  • Smooth transactions often take minutes to complete
  • Trade with sellers from any country

Cons

  • Expect fees of over 20%
  • Some sellers ask for ID documents

3. No-KYC exchanges – Instantly buy Bitcoin and other cryptocurrencies without ID

No-KYC exchanges have attracted millions of active traders in recent years. They’re often based offshore, where regulatory demands are much weaker. This means accounts only require an email address and a password, providing a private investing experience. This extends to credit card services.

For example, PrimeXBT – an established exchange that launched in 2018, offers anonymous accounts with Visa and MasterCard facilities. You can buy $2,000 worth of Bitcoin without providing any personal information. Let alone ID verification documents. Fees average 3-5%, which aligns with regulated platforms like Coinbase and Gemini.

Buying crypto without KYC on PrimeXBT
Buying crypto without KYC on PrimeXBT – Source: PrimeXBT

Best of all, PrimeXBT – like many no-KYC exchanges, offers plenty of other cryptocurrencies. It also supports perpetual futures, with leverage of up to 200x available on major markets. PrimeXBT processes withdrawals between 12:00 and 14:00 UTC daily, so you might need to wait a few hours, depending on when the request was made.

Pros

  • Instantly buy Bitcoin with Visa or MasterCard
  • Avoid KYC on purchases of under $2,000
  • Supports many other cryptocurrencies
  • Also lists perpetual futures with 100x leverage
  • Only an email address is needed when registering

Cons

  • Withdrawals are only processed once per day
  • Doesn’t offer a spot trading exchange

4. Crypto ATMs – Buy small amounts of Bitcoin anonymously but expect high fees

Some Crypto ATMs support anonymous crypto purchases too, but this depends on the provider. What’s more, not all terminals accept credit cards, so this also needs to be verified to avoid a wasted journey. The process is simple but do note that limits are often small.

You’ll need to state the purchase size, confirm you’re happy with the quoted rate, and insert the card. The transaction is executed once you enter the card’s PIN. The crypto ATM will scan your mobile wallet via a QR code. The Bitcoins will then be transferred to your Bitcoin wallet. If you don’t have a wallet, a receipt will be printed explaining how to claim your crypto.

Bitcoin ATM
A Bitcoin ATM transaction history – Source: Bloomberg

Fees vary depending on the provider, but we found that is often 10% above the spot price. Bloomberg states that in some areas, fees are as high as 22%. That said, you could avoid paying a cash advance fee, as the transaction is an in-person purchase. This is rarely the case when using an online exchange to purchase Bitcoin.

Pros

  • Buy small amounts of Bitcoin without ID
  • Coins are transferred to the user’s wallet
  • Potentially avoid cash advance fees
  • Thousands of ATMs are located in the US and Europe

Cons

  • Huge markup on Bitcoin spot prices
  • Not all Bitcoin ATMs accept credit cards

5. Gift cards – Enhanced privacy when swapping gift cards for crypto

This payment method offers the highest privacy levels but it’s also the most inconvenient. In a nutshell, you’ll be swapping gift cards for crypto via a peer-to-peer marketplace. You can obtain gift cards in person without providing ID documents. Popular options include Amazon, Google Play, and Apple.

Then, head over to a marketplace like Paxful, which connects buyers with suitable sellers. Type in the gift card value and currency, and choose a seller based on their quoted exchange rate. Currently, the best available rate is approximately 10% above the Bitcoin spot price.

Paxful giftcards
Exchanging gift cards for Bitcoin – Source: Paxful

Only transfer the gift card once the seller has funded the escrow wallet. They’ll let Paxful know when it’s received, which releases the coins. You can then withdraw the purchased Bitcoin to a self-custody wallet. Just make sure the seller doesn’t require KYC before accepting a deal.

Pros

  • Swap gift cards for crypto anonymously
  • Popular providers include Amazon and Apple
  • No ID is needed when buying gift cards in person
  • Trades are covered by an escrow wallet

Cons

  • You’ll typically pay at least 10% above the spot price
  • Sellers might not accept the gift cards you purchased

Our criteria when rating no-KYC methods

We focused on the following criteria when exploring how to buy Bitcoin with credit card no verification:

  • Estimated Charges: We examined all relevant fees when completing the purchase. This includes provider fees, commissions, and potential cash advance charges. The cheapest methods were prioritized.
  • Effort Required: We also assessed the average time-to-completion rate. Using Best Wallet or PrimeXBT is almost instant. It’s just a case of choosing the amount and typing in the credit card details. The gift card method requires an in-person purchase, and then transacting with a peer-to-peer seller.
  • Buying Limits: Limits are much smaller when making anonymous transactions. This ensures providers remain compliant with anti-money laundering laws. Nonetheless, we prioritized methods with the highest buying limits.
  • Risk of Being Scammed: Some methods are safer than others. For instance, PrimeXBT is an established no-KYC exchange with over 1 million clients. This ensures a legitimate purchase experience. Conversely, peer-to-peer trades can go wrong, especially when using gift cards. The escrow system isn’t 100% secure.

Pros of investing in Bitcoin without ID

These are the advantages of buying cryptocurrency or Bitcoin without ID:

  • No data breaches or identity fraud: No-KYC providers don’t ask for government-issued ID. Let alone a social security number and proof of address.
  • Avoid the hassles of KYC: You won’t need to upload documents and wait for approval before investing. This saves time and avoids unnecessary hassle.
  • Protect yourself against tracing: The chosen provider won’t know your personal information, so you can withdraw Bitcoin to a private wallet without leaving a trace. This means you can’t be tracked.

Cons of investing in Bitcoin without ID

Several drawbacks should also be considered when buying Bitcoin with a credit card anonymously:

  • Huge investment fees: Expect to pay at least 10% above the Bitcoin spot price when using crypto ATMs and peer-to-peer exchanges. That said, you can reduce fees to about 3% when opting for Best Wallet.
  • Cash advance fees: You might find that your credit card provider charges cash advance fees when buying crypto. This will add a further 3-5% to the purchase.
  • Limited consumer protections: You’ll likely be using an offshore provider when buying Bitcoin anonymously. This means a higher chance of being scammed and virtually no consumer protections.

The verdict?

We’ve revealed proven ways to buy Bitcoin with a credit card without providing KYC documents. The best option for safety, fees, and minimal effort is Best Wallet.

This self-custody wallet supports instant Visa and MasterCard payments. The limits are high, and fees are approximately 3%. No information is needed other than the credit card details.

FAQs

How can I buy Bitcoin anonymously?

Can you buy Bitcoin with a credit card without ID?

Do Bitcoin ATMs report to IRS?

Does Moonpay ask for KYC documents?

References

  1. Bitcoin ATMs Flood Black, Latino Areas, Charging Fees up to 22% (Bloomberg)
  2. What is a Cash Advance and How do They Work? (CNBC)
  3. Know Your Customer in Banking (Thales)

Our Editorial Standards

At ValueWalk, we’re committed to providing accurate, research-backed information. Our editors go above and beyond to ensure our content is trustworthy and transparent.

Kane Pepi
Casino & Crypto Writer

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