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Business Insider
5 hours ago
- Business Insider
How to buy crypto anonymously
There are many reasons to buy crypto anonymously. Maybe you want to avoid government or employer surveillance, or try to prevent identity theft. Maybe you live in a place that restricts crypto activity, or you simply want to preserve what privacy you can in our digital landscape. There are also illegal reasons to buy cryptocurrency anonymously, like money laundering — but just like any other type of illegal activity, law enforcement may still be able to uncover a user's identity on the heels of illicit activity. In many cases, crypto transactions are said to be pseudonymous rather than truly anonymous, meaning your identity may ultimately be discoverable to someone who is looking. Trying to buy crypto anonymously also runs the risk of transacting on unvetted marketplaces or falling prey to scammers who lure you in with the promise of privacy. In the future, regulatory changes could also make your attempts at anonymity worthless. That being said, if you're interested in buying crypto anonymously (or at least more privately than usual), this guide will help you understand how to do so. How to Buy Bitcoin or Crypto Anonymously 1. Download Best Wallet from the App Store or Google Play. 2. Create your wallet —no ID or personal details required. 3. Fund your wallet anonymously. Choose a payment method that doesn't require verification. 4. Buy crypto instantly. Tap "Buy," select your cryptocurrency, enter the amount, and confirm your purchase. 5. Store and manage privately. Your crypto appears instantly—you can manage, swap, or hold your assets securely and anonymously in-app. Is it legal to buy crypto with no verification? Whether it's legal to buy crypto without verification depends on where you live. For example, in the EU, new rules are set to go into effect in 2027 that prohibit anonymous crypto accounts and certain privacy-focused coins like Monero and Zcash. In some other jurisdictions, such as the US, there are no specific rules greenlighting or banning anonymous crypto purchases for individuals. The US does have Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations that apply to many financial transactions, including around how centralized crypto exchanges generally have to comply with AML rules and other requirements under the Bank Secrecy Act. However, not all crypto transactions necessarily fall under these rules. So-called "no KYC" decentralized exchanges allow users to buy and sell crypto without requiring government-issued ID. These no KYC exchanges may be able to operate based on not taking custody of any client assets, but the specifics and legality vary based on how the platform operates and the jurisdiction. Ultimately, buying crypto anonymously can be somewhat of a legal gray area, and rules are subject to change. Be sure to research compliance rules in your area and consider whether you're willing to take on the risks that come with anonymity, such as possible compliance enforcement later on and the fact that you're engaging with anonymous parties. Best ways to buy crypto anonymously in 2025 If you do want to buy crypto anonymously, some of the best ways — depending on your circumstances and preferences — include the following: Use peer-to-peer (P2P) crypto marketplaces P2P marketplaces like Paxful can enable you to exchange crypto directly with other parties, rather than going through a formal exchange that verifies your identity. These marketplaces are subject to change, however, which we saw with the closing of popular options AgoraDesk and LocalCryptos. Be sure to research the reputation of any P2P marketplace first, and consider options like using escrow accounts for greater security. Also, if meeting in person to exchange cash for crypto, consider doing so in public for your safety. Buy crypto with cash/bitcoin ATMs You can also buy crypto with cash at Bitcoin ATMs, which might also enable you to connect your digital wallet to conduct the transaction. While many ATMs still require verifying your identity, not all do. You can search online for Bitcoin ATMs near you and determine their privacy and buying protocols. Try to find a Bitcoin ATM provider that has a reliable track record, much like how you might exercise some caution before using a random cash ATM. Be sure to keep your guard up against crypto scams, though, as scammers often use cash or ATM transactions that can be hard to trace. Use decentralized exchanges (DEXs) DEXs are similar to P2P marketplaces ( in certain cases, the terms are used interchangeably), but generally, DEXs have a bit more structure and technology. Some DEXs enable you to make anonymous purchases by simply connecting your non-custodial wallet (a wallet you manage on your own). Some examples of DEXs include Uniswap and Bisq. The level of anonymity can vary by DEX and the wallet you're using, but in general, you don't have to verify your identity like you do with centralized exchanges. Your anonymity also depends on what's recorded on blockchains. If you purchased crypto first through a centralized exchange and then traded that crypto on a DEX, the transaction could be clearly traced back to you. Keep in mind that transacting anonymously on DEXs generally involves tradeoffs like more complexity and lower liquidity than more transparent centralized exchanges. Use prepaid cards or gift cards If you fund an initial crypto purchase from your regular bank account, your payment method can also be traced back to you. But if you use an anonymous payment method like prepaid cards or gift cards to trade on P2P platforms where allowed, your identity is more likely to remain private. However, this might not be an option everywhere, and it can add a layer of cost and complexity. Mine crypto instead of buying You may be able to mine new coins while staying relatively anonymous, though it depends on the mining process. Mining can be complex and expensive to get started, as you often need significant amounts of computing power, particularly if mining on your own. But the payoff can be large while also helping you stay private. In particular, mining privacy-focused coins like Monero (XMR) can be a good way to obtain crypto with anonymity. When mining such coins, you may be able to choose between solo and pooled mining. Solo is often the way to go for maximum control and privacy, but it can be harder and take longer to find a block for a payout. As mentioned, though, it's very hard to truly remain anonymous with anything crypto-related. Even something like a spike in electricity usage for mining crypto could tip off someone intent on finding a crypto holder's identity, especially if you have to register with local authorities to consume more power. Best coins for anonymous crypto purchases Not all crypto assets have the same level of privacy. If you want to maximize anonymity, consider the following: Privacy-focused coins Certain types of coins, such as Monero (XMR), Zcash (ZEC), and Pirate Chain (ARRR), are known as privacy coins. They're built with privacy in mind to limit identifiable information, such as by using ring signatures that make it hard to tell which particular user within a group signed the transaction. However, regulation, such as in the EU, could ban or at least alter privacy-focused coins. In the UK, for example, popular exchange Kraken no longer supports Monero. These coins also might not provide the use cases that you want or have the risk/return profile you're looking for compared to other types of crypto. Weigh whether the potential privacy benefits are worth the downsides, like the possibility that regulatory changes will cause you to have to liquidate privacy coin holdings. Use mixing services With more traditional crypto assets like Bitcoin, you can potentially increase your anonymity by using coin mixing services or features like Coinjoin, which bring multiple users together into one transaction to make it harder to tell who exactly participated. While not outright illegal, typically, these services can be deemed illegal or fraudulent. Crypto mixing service Samourai Wallet was shut down in 2024, in part due to charges of conspiracy to commit money laundering. How to stay private after you buy In addition to considering the type of crypto you're buying and where, consider how you can optimize privacy after the transaction takes place, such as by using privacy-focused wallets like Best Wallet. Another consideration is to use VPNs or the Tor browser rather than linking the transaction to your regular IP address, though these can also introduce new risks. For instance, some Tor nodes contain malware. Only using one crypto address per wallet and keeping your wallet information private can also help you prevent your identity from being exposed after buying crypto. You might even use cold storage (offline wallets) to avoid hackers getting into your wallet. If you then need to send crypto anonymously, you might go back into a P2P marketplace, for example. Risks and red flags when buying crypto anonymously While you might have good reason for trying to stay anonymous, keep in mind that you're generally increasing risk by entering this side of crypto. For example, scammers might try to take advantage of your desire for anonymity and reel you in with phishing links, fake wallets, or misrepresentations on P2P platforms. That's why you should consider factors such as whether the seller is willing to use escrow (it could be a red flag if they won't) and be sure to verify wallet addresses before completing the transaction, so you're not sending money to the wrong person. Think carefully about which platforms you're conducting transactions through, too, as you might feel more secure using one that has a higher reputation for safety. FAQs What is the safest way to buy crypto anonymously? The safest way to buy crypto anonymously depends on your perspective and what you're trying to buy. Buying a privacy-focused coin could be considered relatively safe, as the privacy controls are built into the asset rather than you having to jump through hoops like using a Bitcoin ATM. Should I use a VPN when trading crypto? Some investors like to use a VPN when trading crypto to conceal their IP address and reduce the risk of a cyberattack, but you don't have to, especially if you're not concerned with anonymity. If you do choose to use a VPN, make sure you're using a reputable VPN provider. Is crypto truly anonymous? No, crypto generally isn't anonymous by default. It's often considered pseudonymous, meaning you're not using your real name, but the transactions are still tied to a particular identity. However, there are ways to stay more private when buying crypto, such as conducting transactions through P2P marketplaces instead of centralized exchanges. Certain types of crypto are also more anonymous by design.
Hypebeast
14 hours ago
- Hypebeast
'ONE OF ONE' Film and Book Offer Intimate Glimpse Into Naito Family Legacy
Summary Springmaker Films has announced the release of One of One, a feature-length documentary uncovering the story ofNaito Auto Engineering, a family-run restoration shop in Tokyo that has quietly become one of Japan's best-kept secrets. The film premieres September 1, 2025, on Amazon Prime Video, Apple TV+, Google Play and Vudu. Founded in the aftermath of WWII by Shinichi Naito, a self-taught mechanic who once worked on bomber planes, the workshop has thrived under the leadership of his son Masao, who transformed it into an internationally renowned destination for classic car restoration. From Porsches and Ferraris to Lotus and Alfa Romeos, the Naito family has built its reputation on meticulous craftsmanship and an unshakable dedication to detail. Directed by first-time filmmakerBen Bertucci, the 85-minute documentary combines new footage from Tokyo's backstreets and expressways with the family's archival film and photographs. It explores Masao's looming retirement and the question of whether the next generation can preserve both the artistry and unity of the family legacy. Alongside the film, a limited-edition companion book was created and is available forpre-ordernow. The 250-page hardcover expands the story through unseen workshop moments and Bertucci's raw, intimate photography, offering readers a deeper look into the Naitos' generational journey. See the official trailer for ONE OF ONE below:
Yahoo
21 hours ago
- Yahoo
X's declining Android app installs are hurting subscription revenue
Elon Musk's X is struggling on Android devices in terms of new installs, even while App Store downloads grow, according to new data from app intelligence provider Appfigures. In July 2025, X downloads on Google Play saw a significant decline, as new installs dropped by 44% year-over-year worldwide, even as iOS downloads grew by 15%. This steep drop in installs is pulling down X's overall average, leading to a 26% decrease in total mobile downloads year-over-year as of July. That's still slightly better than the month prior, when total downloads had fallen by 35%, thanks to another sharp drop in Android downloads, which were then down by nearly half (49%) year-over-year. The firm didn't speculate on what's causing the decline on Android devices beyond suggesting that the X app on Android is known to be a sore spot for the company. Recently hired X head of product Nikita Bier, known for growth hacking teen social apps like Gas and TBH (then selling them), has hinted that X is looking to address issues on Android, where its app is notoriously buggy and often crashes. In a post on the platform, Bier announced that X was hiring for its 'Android Dream Team' to work on rebuilding the X Android app. He also recently posted that X's iOS app had just seen a record week in terms of installs, perhaps hoping to draw attention away from the large Android slump. It's not clear where would-be X Android users are going. Rival Bluesky has seen slowing growth in recent months, and its Google Play app pulled in just 119,000 downloads in July. That's nowhere near the millions that install X on iOS or Android every month. However, Meta's Threads daily active users have been catching up to X on mobile devices, so, possibly, some Android users could be accounted for there. In addition to the drop in Google Play installs, X is struggling to grow its subscription revenue, Appfigures found. In July, X earned $16.9 million in net revenue, down from the $18.8 million it earned in March 2025. However, that was a slight tick up from the $16.8 million it generated in June. (Of course, X still earns the majority of its overall revenue from ads, not in-app premium subscriptions.) While the declining demand for X on Android is partially to blame for revenue declines, X is also likely losing paying customers to Grok. The latter now has its own stand-alone app that attracts those who were buying X subscriptions primarily for the AI perks. We're always looking to evolve, and by providing some insight into your perspective and feedback into TechCrunch and our coverage and events, you can help us! Fill out this survey to let us know how we're doing and get the chance to win a prize in return!
