4 Ways To Get Bitcoin Anonymously

as i explained in my previous bitcoin video the whole bitcoin blockchain is not private it's public therefore if you do not buy bitcoins anonymously your bitcoin address will be linked to your real identity and therefore all the transactions that you carry out with this address will be linked to your identity that's why it is very very important to buy bitcoins anonymously this is zaid from zed security and in this video i'm gonna show you the best four methods to buy bitcoins anonymously [Applause] now there are a number of ways to buy bitcoins but not all of them are anonymous so if you send money to this address using your bank account or using a service that verifies your identity then your identity will be linked to this address and then any transfer you make from this address will be known and again will be traced back to your real identity so so far we're anonymous because this address is not linked to anything therefore it's very very important that you buy your bitcoins anonymously so the first way of doing this is to create bitcoins yourself and to do that you're gonna have to mine bitcoins so we said that there are computers right here the yellow ones and we call them miners and these computers keep a copy of the blockchain and they use their computation power to keep the blockchain working they do this by solving mathematical problems and calculating hashes so that the blockchain functions as it should now these mathematical problems and the calculations they take a lot of computation power and a lot of electricity therefore not anyone can afford to do this but if you can afford to do it then it is a really good way of generating bitcoins anonymously the next option is to use an exchange now using exchanges is not anonymous because when you use an exchange they will ask for your bank information and they will ask you to verify your identity but we can combine using an exchange with what's known as bitcoin tumblers or mixers these are services that attempt to mask where the money is coming from there is a lot of debate of how good or how anonymous this is it adds an extra step when you're transferring the money therefore it's a little bit complicated and because of all of this debate i do i wouldn't feel very secure or very anonymous by using this method but this is a really good method because exchanges work all over the world so if you couldn't get bitcoins any other way then you might have to use this way where you use an exchange with a tumblr or mixer now if you just go on google and look for a bitcoin exchange you'll see a lot of websites that will allow you to do this now on bitcoin website itself you can see that they're recommending the following exchanges you can just click any of them to open their website now the most popular one is coinbase which i already have open right here like i said this is really really easy to use all you have to do is click on get started it will take you through a number of steps where you create a new account it will automatically create a web wallet for you so a wallet that you use on this website it will ask you to verify your id so like i said this is not anonymous but once you do once you create your account and buy some bitcoins you can use a tumblr service and we'll talk about tumblr services and mixers later on in the course and when you do that it will add a layer of anonymity and it will make it harder to link this account that you're gonna create in here with your bitcoin wallet that you're gonna transfer the money to the next option that we have is to use a bitcoin atm now this is a really really good option because some of these atms even accept cash the only problem is not all countries have bitcoin atms so to check if your country have a bitcoin atm you can go on this website i'm going to include its link in the resources it's coinatm radar.com and all you have to do is just put your address in here or if you want you can go down on this map right here i'm going to maximize it and look for your country zoom in on your country and see if there are any atms last but not least we can use peer-to-peer services to buy bitcoins now peer-to-peer services allow us to buy bitcoins directly from the seller so unlike coin exchanges there is no middleman there is no middle institution and if the seller is willing to give us bitcoins using an anonymous method such as by giving him cash then this will be perfect now again going back to the bitcoin website you can see that they list a number of peer-to-peer services now pretty much all of these services will either require to verify your identity or they will only use services that require your identity for example bitquick right here will not ask you to verify your identity but in most countries the only method of transferring money would be a method that would require your identity so you're pretty much back to the start local bitcoin used to be a really good service that would allow you to buy bitcoins in cash so you'd literally meet the person and give them cash and they transfer the money to you unfortunately recently they stopped this and you can't buy bitcoins with cash with local bitcoin and they also started verifying ids so again this service is not very anonymous anymore paxful on the other hand is a really good peer-to-peer service that still allows you to get bitcoins by literally giving cash in person to the person that will give you the bitcoins so it's really really good if you can find peers in your country and i will actually cover this in future lectures check out my ultimate dark net privacy anonymity and security course if you want to learn more and don't forget to like this video and subscribe to the channel to stay updated with the latest in cyber security you

Channel: zSecurity

Views: 94,147

Keywords: bitcoin, privacy, anonymity, anonymous, hacker, hacking, tails, qubes os, dark web, dark net, deep web, deep net, darkweb, deepweb, darknet, deepbet, zaid sabih, zsecurity, get bitcoin, buy bitcoun, how to get bitcoin, how to buy bitcoun, how to

Id: s4w6E5tdi-M

Length: 6min 26sec (386 seconds)

Published: Thu Apr 23 2020