A modern person can no longer imagine their life without bank cards, which mainly hold savings in fiat currencies. Therefore, when there is a need to purchase some cryptocurrency, many people usually wonder how to buy bitcoin online using a credit card. Until a few years ago, this would have been a problem. However, times are changing, and today, debit and credit cards allow you to buy crypto. With the right platforms, you can easily buy Bitcoin with ease using your credit or debit card.

Still, identity verification is required when buying some BTC in most places using bank cards. For some reason, this method may not work. For example, if anonymity is fundamentally important or you do not want to provide passport data to conduct one single transaction.

How Anonymous Is Bitcoin (BTC)?

Cryptocurrency is a digital currency based on a ledger that is decentralized and protected by cryptography. Each transaction is recorded on a public ledger called a blockchain. This allows you to track the history of bitcoins so that no one can spend coins that they do not own, copy or cancel transactions. With the right platforms, you can buy Bitcoin with ease, ensuring a secure and transparent transaction process.

‘It’s not anonymous. It’s pseudo-anonymous. You can’t buy any large amount of bitcoin without KYC or ID or driver’s license. Bitcoin is actually more transparent in many ways than typical things in the financial system’.

Digital currency is often associated with illegal activities, and therefore it seems reasonable that it should shield the identity of users as much as possible. This is not true because bitcoin was not created for criminal purposes at all but as a transparent and improved financial system.

Although there are no specific names and surnames of users on the Bitcoin network, it is quite easy to determine which encrypted addresses correspond to one or another person. It is especially easy to determine the ownership of funds if a user enters personal information before buying bitcoin. With little effort, law enforcement can track the buying and selling of cryptocurrencies.

Why Is It Difficult to Buy Bitcoin Without KYC?

The relationship of the world’s first cryptocurrency with regulators and governments remains complex. So, for example, El Salvador, a small country in Central America, is the first state where bitcoin became the official currency along with the US dollar. As the adoption of cryptocurrencies grows, more platforms allow users to buy Bitcoin with ease, regardless of the regulatory landscape.

The ban on cryptocurrencies in China is gaining momentum. New laws prohibit financial institutions and payment companies from offering crypto services. This caused BTC’s price to drop to about half of its $65,000 mid-April all-time high.

Thus, the legal status of bitcoin can vary significantly from country to country, but there is always one common nuance: all governments seek to control transactions with cryptocurrencies. This is necessary to create a tax base and counter illegal financial transactions. That’s why many crypto enthusiasts are looking for an opportunity to buy BTC with credit card no verification.

How to Buy Bitcoins with Credit Card no Verification?

Buying large amounts of bitcoin without verifying your identity is nearly impossible. Most countries take this issue very seriously and strictly control it. However, there is a solution.

This is where Switchere comes into play — a licensed online crypto exchange that allows its users to buy bitcoin with credit card no verification! At Switchere, you can buy and sell all leading coins for USD or EUR in the fastest and most convenient way, using your credit, debit, or prepaid card from VISA/Mastercard/Maestro or any other available payment method.

As mentioned before, most exchanges require KYC verification, which includes providing passport data, information about the place of residence, etc.

At Switchere, you can buy Bitcoin with no verification and no KYC. To get started, simply register an account and provide basic information (email and phone number). It’s quick and easy!

Why Make Anonymous Bitcoin Transactions?

Nowadays, it’s really convenient and easy to buy bitcoin with a bank card. Still, the main disadvantage is the low degree of anonymity since most services require identity or card verification for this. This, in turn, goes against the basic principle of cryptocurrencies — anonymity.

The rapid growth of the Internet and the exponential growth in the number of hackers encourage users to maintain privacy, anonymity, and security. The problems of data and passwords leakage, phishing, and extortion have unfortunately become commonplace. Thus, the security issue on the Web is now more relevant than ever.

Undoubtedly, to maintain anonymity on the Internet, you need to provide a minimum of information about yourself, especially financial. After all, at any time, an unscrupulous team member of a payment institution can sell your data and simply disappear. The saddest thing is that you can no longer take the information back, even if the criminals are found.

As mentioned before, it’s not that easy to buy bitcoin with credit card instantly no verification since you need to go through various registrations, verifications, KYC, AML procedures. Trusting information about yourself to a third party is also not an option. Despite the existence of many well-known and time-tested centralized services, even they suffer from data leaks from time to time.

When it comes to selecting a crypto exchange to buy some bitcoins, security should always be the top factor to consider. Choose only safe and time-tested platforms that have a good reputation and are attentive to the storage of confidential customer data. This ensures that you can buy Bitcoin with ease while keeping your personal information protected.