Hi guys, I'm looking for a safe way to buy Bitcoin or any Altcoin with USD (Fiat) using Credit Card or Paypal without any ID verification. Do you guys have any idea how to do this.
I only know where you can buy BITCOIN with Paypal or any other payment methods. Have you ever heard about peer to peer trading method? You buy or sell cryptocurrencies to other traders directly. That method can help you to buy bitcoins with Paypal or to sell with Paypal. You can use paxful platform or localbitcoins, they are the best in peer to peer method.
But also you can try to check perfect money wallet. They accept many cryptocurrencies and i think you can transfer to Paypal from them.
Those two peer to peer trading platform you mentioned asking for KYC for trading more than 1000 Euros per year so it is mandatory to complete KYC to trade there in long term.Whereas Binance can be a good option for buying with credit cards but you need to care about the fee which is high compared to crypto to crypto conversion and normally which is lot higher on other trading platforms.
In fact, you can find several resources that do not require verification of documents in order to buy Bitcoin. But certain doubts may arise about their reliability, since these projects are new and there are too few reviews about them. But still, I also believe that it is best to use Binance to buy BTC, and you do not need to worry about trading fees if the trader is not going to trade on Binance, but only buy bitcoin once. Of course, I have never used this option for buying Bitcoin, but it seems to me that if a person pays for Bitcoin using his bank card, then one way or another, you can find out the buyer's passport data by the bank account number. What is the point of hiding documents if the resource will still have the data in the public domain?
I don't know how someone can find the details of passport just using the bank account, Do we link our passport while creating a bank account? I didn't until now.
KYC verification now become mandatory for most of the centralized crypto related platforms but not all, so if you want you can buy completely anonymously but not with high convenience, either you need to compromise one for another.