Using a crypto wallet without identification poses many risks, as it’s very easy to steal all of your bitcoins at once. Because exchanges cannot verify your identity, they can’t stop suspicious transactions. The other drawback is that the exchange platform is not as trusted by customers. Fortunately, there are some alternatives to a traditional crypto wallet. CoinCorner, ShapeShift, and Bread are three such services that allow you to send and receive payments using QR codes.
CoinCorner
The CoinCorner crypto wallet does not require an ID when you first set up your account, but you will have to verify your account later if you want to buy cryptocurrency. To do this, you can use your debit or credit card to deposit funds. The website also offers bank transfers and supports deposits in Euros and British Pounds. To use the CoinCorner crypto wallet, you can visit its website and sign up for an account.
ShapeShift
If you haven’t heard of ShapeShift before, it’s a good way to purchase Bitcoin or altcoins without revealing your ID. With this wallet, you can buy and sell anonymously and instantly without having to worry about providing your ID. ShapeShift allows you to make deposits in seconds without having to create an account. If you want to buy bitcoin without an ID, you can use ShapeShift’s Instant Deposit feature. You can deposit any altcoin or digital tokens and receive your funds instantly without signing up for an account.
Bread
The Bread crypto wallet is a non-custodial wallet which means that only you have access to your private key. It does not use a pin or 2-factor authentication to protect your privacy, but it does ask for your e-mail address when you send a transaction. The bread wallet can be restored by entering your seed phrase. If you ever lose your wallet, you can recover it using your seed phrase.
Bread allows users to send and receive payments using a QR code scanner
The Bread app makes it easy to purchase bitcoin and other cryptocurrencies. It uses your location to find bitcoin ATMs. You can use your phone’s camera to scan QR codes or enter a seed phrase to import your wallet. Once you’ve imported your bitcoin, you can make purchases with your bread app. The app has a Send and Receive function that lets you send and receive payments with the tap of a button.
Bread is a noncustodial wallet
If you’re looking for a noncustodial crypto wallet that supports multiple coins, Bread is the product for you. Bread wallet allows you to store up to five different cryptocurrencies in one convenient place, and is compatible with Bitcoin Cash, Ethereum, and True USD (ERC-20 stable coin). You can use your phone to send and receive these cryptocurrencies by scanning a QR code. You can download the app on Apple’s App Store or Google Play.
Bread is a decentralized exchange for cryptocurrencies
Bread is a Bitcoin wallet startup that allows users to purchase bitcoin using their credit cards worldwide. Its relationship with Simplex has led to high limits and same-day delivery. Bread bypasses centralized cryptocurrency exchanges, which makes it an attractive option for those who don’t want to use a third-party service. While top US banks have targeted cryptocurrency exchanges in recent months, Bread is an exception.
Bitsquare
One of the best ways to obtain bitcoins without disclosing your identity is to use a Bitsquare cryptocurrency wallet. The decentralized platform is not controlled by any single entity. Therefore, you won’t have to worry about your personal details being stolen. You can use this crypto wallet with a number of other crypto-currencies, such as Ethereum, Litecoin, and Dash. Moreover, you can even trade with other users anonymously because it doesn’t require identification.