Anonymous Trading Bitcoin Accounts

Introduction to anonymous trading accounts

This article provides insight into how anonymous trading accounts work and some exchanges that permit users to buy and sell bitcoin anonymously. To begin, what is anonymous trading? 

Understanding anonymous trading

Anonymous trading is the execution of trades without revealing one's identity, and it is usually done on anonymous bitcoin platforms and anonymous brokers. Accounts created with this in mind are known as "anonymous trading accounts." This is especially useful in stock market trading, as the trader's information is linked to the trades being carried out. In the cryptocurrency market, most transactions are done anonymously. Certain crypto exchanges even allow users to trade within a given threshold without the need for verification.

Why do traders carry out anonymous trading?

Traditionally, traders are required to submit KYC for verification. Still, the anonymous trading opportunities allow traders who want to trade assets such as bitcoin anonymously to do so without the need for a KYC. Someone may wonder why a trade would prefer to trade Bitcoin anonymously; well, there are several reasons, including but not limited to the following:

• Most heavy investors use anonymous trading accounts to avoid tipping off other traders in the market about pending action, which could lead to panic or erratic buying, thus allowing manipulations in the market.
• Avoiding the risks of identity theft
• No country restriction
• Anonymous traders can choose anonymous earnings.

How to trade Bitcoin anonymously

Anonymous trading is not relatively as easy as it sounds. However, to make things easy, an anonymous trader starts the trading journey by locating the various anonymous trading methods such as the following;

1. Anonymous exchanges: Several large corporations and sites offer anonymous trading for both stock market and cryptocurrency trading. 
2. Anonymous stock brokers: In stock trading, it is common for companies, corporations, and large-scale individual investors to have a middleman. This individual or stockbroking firm would thus place trades in their name, rendering the actual investor anonymous.
3. Dark pools: Dark pools are private exchanges for trading securities that are not accessible by the investing public. Although known for their lack of transparency to the general public, they were created to facilitate block trading for institutions. This way, their massive investments do not impact market prices, and they are minor subject to adverse price changes.
4. Bitcoin ATM; once you have Bitcoin or certain crypto on your account, you can approach any of the Bitcoin ATMs to trade them anonymously. Unlike the conventional system, you are not required to do KYC before owning the cryptos and you can trade them anonymously on the top Bitcoin ATMs such as the Shitcoins, backed Bitcoin ATMs built across major cities in Europe. 

Best anonymous stock markets for anonymous trading accounts

Most large anonymous stock markets and brokers offer anonymous trading. Some of the best and most popular include:

The London Stock Exchange (LSE)

The Toronto Stock Exchange (TSX)

The New York Stock Exchange (NYSE)

The National Association of Securities Dealers Automated Quotations {NASDAQ)

Apart from these, some of the best brokers without a thorough verification process, yet with no compromise on their system, include PrimeXBT, Coinexx, SimpleFX, etc.

Best cryptocurrency exchanges for anonymous trading accounts

By the nature of the blockchain, the trading of cryptocurrencies is technically anonymous. That status changes only if centralized exchanges like Binance, Kucoin, etc., reveal information about users who have completed their KYC. Even without KYC, these exchanges allow users to perform a reasonable range of transactions daily. In that respect, some of the best are listed below.

Binance

Kucoin

Bybit

However, suppose transactions are performed using other systems apart from the conventional order book system. In that case, decentralized exchanges like Uniswap, Sushiswap, Pancakeswap can offer some of the best anonymous trading accounts where users have complete control over their funds. In this case, their funds would not be on the exchange but instead connected through appropriate wallets like trust wallet, Metamask, etc.

Best Anonymous pools to create anonymous accounts.

Users can own a Bitcoin or other crypto assets account anonymously. Apart from the above-mentioned, users can run anonymous pools. Anonymous pools are often referred to as dark pools. They are mining pools that only require a cryptocurrency wallet to participate in the mining process. Since the pools require mostly only a Bitcoin wallet for Bitcoin mining, it is then termed anonymous mining pools. Hence, there is no need to worry about revealing sensitive information about the users. However, the user's browser to access the pool can reveal a trace of the user's identity. To avoid such, users are advised to use Tor browsers or VPNs to access the various anonymous pools to remain anonymous.

Examples of the best anonymous pools include but are not limited to Ethermine, 2miners, Ezil.me, and Nanopool.

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Steps to setting up an anonymous pool

If you want to create or participate in anonymous mining pools or dark pools, do the following; 

1. Own a cryptocurrency wallet. To do this, ensure to use anonymous wallets, as discussed in the previous article about anonymous Bitcoin wallets depending on the crypto assets you're mining or owning.
2. Add the wallet address of your preferred crypto asset, say Bitcoin or ETH or ERC20, in the address editor. 
3. Select the address in the miner configuration dashboard and follow the prompt to allow pools to authorize you based on the blockchain address. 
4. Send the mining asset to the address you provided earlier, specifying the amount provided you reach the minimum payout threshold.

Conclusion

Traders want to carry out transactions using anonymous trading accounts for various reasons. Using some of the methods and exchanges outlined in this article, it becomes easy to do so seamlessly.