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How to buy bitcoin anonymously

Discussion in 'CryptoCurrency' started by Sean2324, Jun 4, 2017.

  1. Sean2324

    Sean2324 Newbie

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    I hear people always saying bitcoin is anonymous.

    But how really?

    I'm interested in putting all my savings into bitcoin rather than local currency as I am very anti government. Dont trust them with my savings at all as I'm sure many others are.

    I see the only way to buy without a paper trail would be with cash.

    Standing at a bitcoin ATM trying to shove 2-3 grand into the machine would look very dodgy so probably wouldn't be a good idea.

    What would be the best way for me to do this?

    And what would be the best way to store the bitcoins?

    Also as as seperate question if anyone believes I should be buying a different crypto currency instead I'd love to hear your reasons why
    Cheers
     
  2. 5713

    5713 Registered Member

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    Localbitcion, you can meet up with sellers and buy with cash. Hope this helps
     
  3. SnowMyLife

    SnowMyLife Jr. VIP Jr. VIP

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    Please dont replace your savings with cryptocurrency, its still very volatile. Back to question.

    You can buy bitcoins annonymously usually from private sellers, however those tend to charge a high fee, say 10-20% marketrate.
     
  4. Sean2324

    Sean2324 Newbie

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    I found a guy on locAlbitcoins but bank deposit... wouldn't the bank be very suspicious if someone goes into bank with that much cash and asks to deposit into someone else's bank account?

    Also in regards to volitility... aren't all currencies? Reason I like crypto is because governments can't print more at will. Banks are creating more money every time someone takes out a loan. The amount of money actually created every day is insane.

    I may be able to buy all bitcoin and then maybe convert some bitcoins into multiple crypto currencies? That way I have a few different ones?
     
  5. Sean2324

    Sean2324 Newbie

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    I don't really want to buy from someone on a forum. Sorry. And I'm talking 2-3 BTC a month maybe more.

    There's also only 1 person on localbitcoins where I am from that accepts cash deposits with no ID. I want to have a stable seller... if he packs it in I will be left in the shit with nobody to sell me any more.

    Is there anyway I can send cash via western union into a BTC wallet which converts it into BTC for me?
     
  6. darkblitzrc

    darkblitzrc Junior Member

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    in my country there is a physical exchange place that you can buy bitcoins with cash, you can see in your country if you have one.

    If not you can buy with local bitcoins but I wouldn't really want to walk around with thousands of dollars. And I wouldn't trust anyone with my savings that asks for a bank transfer.
     
  7. Sean2324

    Sean2324 Newbie

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    There's an ATM in my country I just checked it says max daily is 10,000 deposit but it's 250 miles away... can't really do a 250 mile trip every month just to deposit money... thing is tho I reckon the machine wouldn't actually accept 10,000 worth of notes all at once... you'd be sat there for ages doing 10 notes at a time I bet... which would attract attention
     
  8. AceWallGromit

    AceWallGromit Regular Member

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    You have 10,000 in bank notes per month? Why are you being paid in paper money, I thought that went out of fashion.
     
  9. Sean2324

    Sean2324 Newbie

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    Nono. That was the ATM limit. 2000 a month is my aim for savings in BTC however most of this is already in the bank. I want to pay BTC in cash as it's the only way to not have a paper trail.

    I want to withdraw my savings at 2000 a month and transfer to BTC anonymously
     
  10. Sean2324

    Sean2324 Newbie

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    But even 2000 at an ATM would take ages and also my nearest ATM is miles away so need other options
     
  11. ThopHayt

    ThopHayt Jr. VIP Jr. VIP Premium Member

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    Sounds like a bad idea... that, or a money laundering scheme.

    As others said you shouldn't put your entire net worth into BC as it is highly volatile.

    -ThopHayt
     
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  12. Sean2324

    Sean2324 Newbie

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    No money laundering money is already in the bank.

    Anyone who knows how the banking system works would want to get out of it. The whole thing is fraud. You go to sign for a loan or mortgage and they create the money there and then for you. Then make you pay it back with interest.

    You have the illusion that paper money is not volitile but in reality it is. The volatility is just combated by inflation. The more money they create the higher the inflation
     
  13. The Doctor

    The Doctor Jr. VIP Jr. VIP

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    After you buy the Bitcoin, you can "Wash" them so to speak. To do this, you need Tor and a tumbler service. Get your wallet up and running with Tor (Over a VPN if you have one) and generate 5 wallet addresses. You might want to do this from Tails but you don't have to. Divide your Bitcoin into 5 random amounts (In your mind). Send the first amount through the tumbler to wallet address 1. Then generate a new Tor identity and send the second amount through the tumbler to wallet address 2. Keep doing this until you have all your money in the 5 different wallets. If you want, you can generate a 6th wallet over Tor and send all 5 amounts to the 6th wallet. Just be sure to use a new Tor identity each time you send.

    That should pretty much do it.

    Note: It is possible that an evil Tor exit node could try to steal your money (Idk). Do this at your own risk.
     
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  14. AceWallGromit

    AceWallGromit Regular Member

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    I think localbitcoins helps you find sellers who accept cash. I just checked the website and you can search for people selling bitcoibs for cash.

    Seems easy enough.
     
  15. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Aside from complaining for everything and do nothing, how about you take some action and start using some of these methods and take it from there?
     
  16. Sean2324

    Sean2324 Newbie

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    I currently have all savings in an investment bond that is managed by an IFA. So I intent to withdraw 5% a year under the tax efficient withdrawals and put into crypto
     
  17. Sean2324

    Sean2324 Newbie

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    When have I been complaining? I just came here for advice I know of these methods and I have already looked into them. However I was looking for advise before I go give some random guy on localbitcoins free cash
     
  18. ThopHayt

    ThopHayt Jr. VIP Jr. VIP Premium Member

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    In some countries there are crazy rates for banks to just hold your money if that's what you want to avoid, however I'm not sure that BC is a good "only" solution. PayPal can hold money digitally for you... but needs to be connected with a bank. You can also diversify into foreign currencies with Forex trading (but that carries risk), and you can hold gold and silver (but that risks being robbed). I'd say do your research and maybe join some Bitcoin, investing, and savings forums and see what people who do this a lot think. We're just SEO folks over here by large. Many dabble in BC or even have large amounts, but it's not what this forum is "about" at all.

    -ThopHayt
     
  19. Sean2324

    Sean2324 Newbie

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    This forum was my top hit on google when searching for anonymous bitcoin purchasing :)
     
  20. Sean2324

    Sean2324 Newbie

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    I plan on doing a lot of researching don't worry. I'm known to spend 10 hours a day researching something for weeks on end when I decide I want to do something