Here are some common reasons why people don’t want to share their personal information:

• Bitcoin is valuable; therefore, someone might make a person target who owns a lot of Bitcoins. Unlike any other asset, a limitless amount of Bitcoin can be stolen all at once.
• There is no limit on how much Bitcoins can be stolen all at once, and no authority can halt a suspicious transfer.
• Sometimes remaining anonymous might be the safe and smart choice.
• Some individuals may prefer keeping their finances private for other reasons as well.
• Person involved in espionage activities would be interested in remaining anonymous. Still, there are many legitimate reasons to cover your tracks.
• Some time is needed for the exchanges to verify your identity.
• Customers do not have enough trust for the exchange platform.
• Not able to buy with Identify proof due to an individual’s location.

Here are issues that you would face when buy Cryptocurrency without ID:

Regulatory parties are now imposing additional limitations on cryptocurrency exchanges, especially in the USA, as they need more governmental certifications to be considered as an exchange.

Bitcoin is not anonymous as users send and receive Bitcoin by providing their public keys, described as anonymous tags stored in the blockchain forever. The easiest way to understand this transaction method is by looking at authors that write under a pseudonym. Suppose the real author’s identity is discovered to be linked with the pseudonym, so their previous work will automatically be discovered. In the same way, if your public key is identified, then all your previous transaction history can be identified.

Here are some useful methods to make Bitcoin transactions anonymously:

Bitcoin Mixing:

Bitcoin mixing is a process that helps you to break the linkability or traceability. This process breaks the link between Bitcoin addresses by creating temporary addresses. You can swap coins with other addresses of the same value.

Tor- Onion Router to stay anonymous:

You can use the Tor browser to connect with the Bitcoin network. Tor browser routes and encrypts the Internet traffic that helps you route from random computer nodes before reaching the final destination.

Use Logless VPN:

A No-Log Virtual Private Network (VPN) is a network that does not store your activities’ history on their servers. This helps you encrypt all Internet traffic and routes. It uses multiple servers of different locations before reaching the final location.

Always use New Address for Transactions:

Many popular Bitcoin wallets are HD (Hierarchical Deterministic) wallets that allow you to generate a range of receiving addresses. Whenever you get Bitcoins, a new address is used for this purpose.

Buy/Sell Bitcoins in Cash:

Another method of anonymous transactions is by doing face-to-face cash transactions. Exchanges like Localcryptos provide this service.

Here are some tips which helps you to improve privacy while handling Cryptocurrencies:

• The first and most important way to protect your digital currency is to choose a secure wallet.
• Secure your devices.
• Regularly back up your crypto data.
• You should dedicate one device to cryptocurrency only.
• Never keep your fund in one wallet.
• Public Wi-Fi is not secure and safe.
• Enable strong authentications.

In most crypto exchanges, you need some or other way of verification. Here are crypto exchanges that allow you to perform limited transactions without any ID proof:

• LocalCryptos
• Cex.io
• Paybit
• Coinbase
• Binance

Buying any Bitcoin with your credit card’s help is almost similar to buying it using any other payment method. Both are equally secure. But always buy it from authentic sources only. Many scamming sites are running in the crypto world.