How to buy Bitcoin in India anonymously?

Terle

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Looking for ways to purchase BTC anonymously online in India. Is Paxful safe using UPI-IMPS-Paytm?
Which digital wallet is recommended?
 

jak19

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https://www.buybitcoinworldwide.com/india/ regarding wallets many exchanges will have guides as to what to do. There are also many useful guides on youtube and twitter. Join a well established Facebook group with 1000's of active members/post's and ask away as you will get help on the post. Or just read some of the posts as there will be guides there too
 

Gogol

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+1 for lbc. If you buy from exchanges, you will surely be traced. LBC should work a bit better, as you can even pay with wallets like paytm and so on. But this gap is being closed quickly. All wallets that I know of these days need bank like kyc. Still, give it a try if you can find one.
 

Terle

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+1 for lbc. If you buy from exchanges, you will surely be traced. LBC should work a bit better, as you can even pay with wallets like paytm and so on. But this gap is being closed quickly. All wallets that I know of these days need bank like kyc. Still, give it a try if you can find one.
But purchasing with Paytm would leave traces. Is there more secure way?
Like temporary UPI or prepaid card without KYC.


Find someone with bitcoins and exchange using cash
What's the reliable source to find trusted sellers?
 

Nut-Nights

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But purchasing with Paytm would leave traces. Is there more secure way?
Like temporary UPI or prepaid card without KYC.



What's the reliable source to find trusted sellers?
You need to find yourself Like in my city local businessmen take payments in BTC too, they are ready to exchange for a small fee
 

Gogol

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But purchasing with Paytm would leave traces. Is there more secure way?
Like temporary UPI or prepaid card without KYC.
As for temp upi, I am almost sure you can't. UPI is easier to trace because it directly connects to your bank.
Prepaid card, sure you can. How would you load balance in the card? That's where the problem is.
Even LBC will not consider you verified until you have uploaded kyc doc lol.
The only fool proof way is what @Nut-Nights said... Pay with cash, receive... That's the only true way I know of (non fraud way).
 

Terle

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Is it illegal to buy bitcoin in India.?
Not at the moment but our policy and regulatory framework is uncertain.

As for temp upi, I am almost sure you can't. UPI is easier to trace because it directly connects to your bank.
Prepaid card, sure you can. How would you load balance in the card? That's where the problem is.
Even LBC will not consider you verified until you have uploaded kyc doc lol.
The only fool proof way is what @Nut-Nights said... Pay with cash, receive... That's the only true way I know of (non fraud way).
Okay I will try to find local sellers.

What about your funding source
I was thinking of Paxful. Since Monero gets in between I assumed that the 2nd wallet will be anonymous and untraceable.
 

truepals_forever

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No need to go with monero route.. do you want to anonymouize before spending or you want to hold?
if you want to be completly anonymous, best way is to buy with cash locally and then, if you want to hide them from your seller too, tumbl them and store them in ur wallet.

Electrum is a good wallet. How many coins are you looking for? I can give you a reliable trader in Delhi or you can find reputable sellers on localbitcoin too.. just compare rates etc..
 

Terle

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No need to go with monero route.. do you want to anonymouize before spending or you want to hold?
if you want to be completly anonymous, best way is to buy with cash locally and then, if you want to hide them from your seller too, tumbl them and store them in ur wallet.

Electrum is a good wallet. How many coins are you looking for? I can give you a reliable trader in Delhi or you can find reputable sellers on localbitcoin too.. just compare rates etc..
I want to anonymize them before spending them. Don't want to hold. Which service would you recommend for tumbling them?
I'm looking to get crypto worth ₹ 10,000 for now.
I use giottus , they take direct bank transfer and 100% legit
I will check that service. Thank you.
 

india

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+1 for LBC but you need KYC docs to verify. All wallets need verification so you won't have any real anonymous kind of transaction.
 

truepals_forever

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I want to anonymize them before spending them. Don't want to hold. Which service would you recommend for tumbling them?
I'm looking to get crypto worth ₹ 10,000 for now.

I will check that service. Thank you.
If that's the case, don't worry much.. Just purchase btc from anywhere in your wallet, then put them in a mixer, receive and have mixer website transfer directly to wherever you want to spend..
As for working mixer, check on reddit, go read some threads.. pick one wisely as mixers are unregulated and they come n go
 

ridersark

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Get hold of a person who has no idea about btc. Pay him a few bucks. Get an account created for him on local exchanges and verify it. Be creative and have fun
 
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