How to Buy Bitcoin with a Credit Card and No Verification

Buying crypto anonymously is increasingly becoming difficult, especially when using a credit card. Regulated platforms have KYC procedures, meaning personal information and ID are collected.

Fortunately, various other methods are available, allowing users to buy Bitcoin with a credit card and no verification. This includes decentralized wallets, P2P marketplaces, no-KYC exchanges, Bitcoin ATMs, and gift cards.

Read on to learn more about these privacy-focused methods, including their benefits, risks, and fees.

Proven Methods to Buy Crypto With No Verification: 5 Best Options

Let’s start with an overview of how to purchase Bitcoin with a credit card and no verification:

A Closer Look at How to Buy Crypto With a Credit Card and No Verification

The pros and cons of buying Bitcoin with a credit card anonymously depend on the method. Some methods attract much higher fees than others. Similarly, some are less convenient but come with higher purchase limits.

Read on to choose the best method for you. I’ll now discuss the top anonymity options in more detail.

1. Best Wallet – The Best Option When Buying Bitcoin With a Credit Card Anonymously

My overall top pick is Best Wallet when buying Bitcoin without ID. Best Wallet is a decentralized wallet; only the user controls the backup passphrase and private keys. It comes as a mobile app (Android and iOS) and will soon launch a browser extension. Best Wallet also offers fiat services, allowing users to invest with a credit card with a secure transaction process.

After selecting the currency (eg USD), coin (eg Bitcoin), and amount (eg $1,000), Best Wallet lists available on-ramp providers with their respective exchange rates. Providers not requiring KYC documents are clearly displayed. Users can then type in their credit or debit card details and wait a few minutes for the coins to be delivered to the Best Wallet balance.

Hundreds of other cryptocurrencies benefit from a no-KYC experience, including Shiba Inu, Solana, BNB, Dogecoin, Pepe, and Ethereum. Limits are often several thousand dollars, depending on the on-ramp available. Furthermore, buyers typically pay just 3% above the spot price.

However, do note that Best Wallet is new in the market, with some features currently being developed. This also means its track record is limited. However, I like that wallet balances are protected by biometrics and multi-factor authentication. Best Wallet also boasts a 4.4/5 and 4.6/5 rating on Google Play and the App Store, respectively.

Visit Best Wallet

2. P2P Marketplaces – A Great Option for Buying Crypto Directly From Sellers in a Local Currency

Peer-to-peer (P2P) marketplaces often support anonymous credit card crypto purchases. This method connects buyers and sellers directly, with the latter choosing their preferred price, currency, and payment method. As well as credit cards, you can also make transfers from our bank account or use methods like Apple Pay or Google Pay.

For credit cards, buyers start the process by entering their requirements. For instance, a buyer might want to buy $100 worth of Bitcoin with Visa. The P2P marketplace then reveals the list of available sellers, sorted by the best available price. Buyers accept their preferred deal and the seller is instructed to transfer the coins to the escrow wallet. This is controlled by the marketplace to ensure safety for both parties. The buyer then completes the credit card payment, usually via the seller’s link.

Finally, the seller confirms they’ve received the payment and the P2P marketplace releases the coins to the buyer. The main benefit of this method is avoiding centralized platforms. However, drawbacks also exist. For example, buyers should expect to pay around 10-15% above the spot price when using a credit card.

Additionally, using a credit card with an unregistered business can be risky. Another issue is the potential for scams. The payment link sent by the seller could download malware, or take a much larger payment than was agreed. What’s more, even the best P2P exchanges support a small range of coins, making diversification more challenging.

3. No-KYC Exchanges – Ideal for Buying Crypto Instantly and Building a Diversified Portfolio

No-KYC exchanges are increasingly becoming popular. They often provide thousands of markets, including spot trading and perpetual futures. Not to mention leverage and short-selling facilities. While an account is needed, this often only requires an email address and a password.

What’s more, many no-KYC exchanges accept instant credit card purchases. This means you can use Visa and Mastercard to buy Bitcoin without revealing your identity. Limits are often high, but this varies depending on the exchange. For instance, Margex enables users to trade without mandatory KYC for most transactions, making it accessible and straightforward.

​​Margex makes it easy to buy Bitcoin using a credit card. The platform integrates with services like Changelly and ChangeNOW, so after your purchase, Bitcoin is sent straight to your wallet.

If you’re working with other cryptocurrencies, Margex has you covered, too—it supports deposits in Ethereum, USDT, and USDC. Trading on Margex itself skips KYC requirements, but using credit cards through its external partners might involve minimal checks. Fees for these transactions usually range between 4% and 5%, which is in line with other platforms.

Margex is popular among traders looking to enhance their positions, offering up to 100x leverage. This feature is ideal for users who want to capitalize on market trends. If you’re looking for a platform that combines flexibility with reliability, Margex is worth considering.

Visit Margex

4. Bitcoin ATMs – Suitable for Those Who Want to Buy Bitcoin With a Credit Card In Person

Bitcoin ATMs are another option when buying crypto with a credit card without ID. These are physical terminals placed in public places, allowing users to insert Visa or MasterCard in person. First, the buyer selects their preferred crypto on-screen, which often includes Bitcoin, Ethereum, and Litecoin.

After typing in the investment size in the local currency, the ATM displays the amount of Bitcoin that will be received. This means the transaction fee is built into the quoted rate. I found that this is often 10-20% above the spot price, making it one of the most expensive methods.

Regardless, those wishing to proceed insert their credit card and enter the PIN to confirm. Most Bitcoin ATMs will ask for the buyer’s Bitcoin wallet address, which is scanned via a mobile QR code. This means the Bitcoin is delivered virtually, usually taking about 10-15 minutes to arrive.

The key issue is that not all Bitcoin ATMs offer anonymity; some request a government-issued ID. You’ll need to use a third-party website like CoinATMRadar to find your nearest terminals and check the KYC requirements. I also found that limits are often small, so Bitcoin ATMs aren’t a good option for buying large amounts.

5. Gift Cards – Convert Gift Cards to Bitcoin Anonymously

A more extreme way to buy BTC with a credit card and no verification is to initially purchase gift cards. These are typically sold online and in physical stores like supermarkets and gas stations. Some of the popular gift cards sold are issued by Apple, Apple, American Express, PlayStation, Xbox, Amazon, Google Play, and Starbucks.

Once a gift card has been purchased with a credit card, you can then visit a marketplace like Paxful. Founded in 2015, Paxful is a P2P marketplace with over 14 million users. It enables buyers to exchange gift cards for Bitcoin. Ethereum, Tether, and USDC are also supported. Sellers not only select their preferred gift card but also the exchange rate.

Fortunately, Paxful displays how the rate compares to the current spot price in percentage terms You can also sort sellers by the most competitive rate for added convenience. Crucially, you can swap gift cards for crypto in any currency and county; just select the ‘Worldwide’ option from the search filters.

Once you’ve accepted a deal, the seller must transfer the coins to the Paxful escrow. You can then send the gift card to the seller via the messaging box. The coins will be released from the escrow once the seller confirms payment was received. It’s best to stick with sellers boasting a positive rating and many completed trades.

Visit Paxful

My Research Methods When Selecting Ways to Buy Bitcoin Without Verification

I focused on four key metrics when researching anonymity methods. This includes expected fees, limits, convenience, and safety.

Here’s what I found when exploring how to buy crypto with a credit card and no verification:

• Expected Fees: Buying Bitcoin with a credit card can be expensive, especially when avoiding KYC processes. I prioritized methods based on the expected charges, ensuring investors kept costs to a minimum.
• Purchase Limits: I also explored anonymity methods with the highest purchase limits. This is often a few thousand dollars when using a no-KYC exchange. Exchanging gift cards for Bitcoin, however, comes with much smaller limits.
• Convenience: My research methods also evaluated convenience. For example, buying Bitcoin anonymously on Best Wallet takes minutes, with investors only needing to complete a simple form. However, Bitcoin ATMs are far from convenient, especially if no terminal is nearby.
• Safety: Another important metric is safety. Based on the identified buying process, I assessed the potential risk of fraud and scams. For example, no-KYC exchanges are often unregulated, albeit, the top platforms have millions of users. P2P trades can also be risky, especially when providing credit card details to an unknown individual.

Benefits of Buying Bitcoin With Credit Card and No KYC

I’ll now discuss the benefits of using a credit card anonymously when buying Bitcoin.

Increase Privacy and Avoid Tracking

The main benefit of buying Bitcoin without a verification process is increased privacy. You won’t be asked for ID documents, such as a passport or driver’s license.

Let alone a document proving your proof of residency, like a utility bill or bank statement. This anonymity can only be achieved when using a no-KYC provider.

Additionally, you can avoid being tracked by exchanges and other centralized providers. This is because the withdrawn Bitcoin won’t be tied to your identity. As such, future transactions between wallets will remain private.

Avoid Cumbersome Verification Procedures

KYC procedures are often cumbersome. You’ll not only be asked for personal information but also a range of documents. Plus, most KYC checks require a selfie, meaning holding the documents next to your face.

Some platforms still conduct manual KYC verification too. This means you might need to wait several days for the account to be verified.

And, if any issues arise (such as an unclear or outdated document), you’ll be asked to resubmit the documents. In the meantime, you might have missed a potentially profitable trading opportunity.

Buy Bitcoin in Non-Crypto-Friendly Nations

Not all countries are crypto-friendly, making the investing process challenging. Buying Bitcoin with a credit card without verification offers a way around these restrictions.

The chosen provider won’t ask for your country of residence, meaning you can easily enter the market. All that’s needed is a credit card and a private wallet.

Drawbacks of Buying Bitcoin Without KYC

Consider the following drawbacks before buying Bitcoin without KYC verification.

High Credit Card and Trading Fees

One of the main downsides of using a credit card is that fees will be high. First, expect to pay around 3-5% of the transaction amount when using Best Wallet, or a no-KYC exchange like PrimeXBT. Fees will be considerably higher when opting for a P2P marketplace or a Bitcoin ATM. This will often be 10-20% above the Bitcoin spot price.

What’s more, credit cards often charge ‘cash advance’ fees when buying crypto. This can add another 5% to the transaction, plus interest is immediately incurred. Ultimately, you need Bitcoin to increase by at least the paid fees just to get your money back. Only then can you target profit.

Difficulty to Remain 100% Private

Legally, those processing credit card payments online must request the cardholder’s full name. While you won’t be asked for ID verification, providing your name means there’s still a link to your identity.

Crucially, using an alternative name is fraud, so there’s no way to avoid this. This is why some people purchase gift cards in person and swap them for Bitcoin.

Unregulated Platforms

Most platforms offering a no-KYC service are unregulated. They’re typically based offshore too, meaning local laws are often lax. This means little to no consumer protections if the issues arise.

In contrast, regulated platforms like eToro, Kraken, and Coinbase offer a safe investing process, but KYC is mandatory. Therefore, investors must consider their priority; anonymity or regulatory safety.

Conclusion

I’ve explained how to buy Bitcoin with a credit card and no verification, with Best Wallet being the most suitable method. It takes less than two minutes to transact; just type in the investment size and credit card details.

The purchased Bitcoins will be added to your wallet almost immediately. Best Wallet charges competitive fees, averaging 3%. No-KYC limits are often several thousand dollars, ensuring casual and seasoned pros are catered for.

Visit Best Wallet

FAQs

How to buy crypto with a credit card without verification?

Best Wallet, a non-custodial wallet, supports credit card purchases with no verification. Fees average just 3% and limits are relatively high.

Does MoonPay require KYC?

Yes, MoonPay requires KYC for all fiat currency purchases. This means a government-issued ID is needed.

Can I buy Bitcoin with a credit card at a Bitcoin ATM?

Yes, some Bitcoin ATMs accept credit cards from Visa and MasterCard. However, not all ATM providers do, so ensure this is checked before proceeding.

What is the best crypto wallet without ID verification?

Best Wallet is a non-custodial wallet and decentralized exchange. No ID verification is needed, even when buying crypto with a credit card.

References

1. Why Bitcoin ATMs are Taking Over Malls and Gas Stations Across the U.S. (CNBC)
2. What Is a Cash Advance Fee on a Credit Card? (Experian)
3. Customer Identification Program Notice (FINRA)
4. The Dangers a No KYC Crypto Exchange Can Bring (ComplyCube)