how to buy bitcoins uk anonymously

A developer is working on a new mobile app that allows users to anonymously trade goods and services from other users nearby, using bitcoins – essentially an anonymous equivalent of Gumtree or Craigslist.
As there is no central server hosting OpenBazaar and the users’ identities and locations are kept anonymous, it will be quite difficult for enforcement agencies to prosecute users for buying illegal goods and services.
When Silk Road was still running, users were advised to use Tor browser apps such as OnionBrowser in order to securely access the website, but even this method is not considered to be completely anonymous.
Reddit user CiniCraft has posted the link to BitCraft, a new "Silk Road Clone" for mobile that is now in beta mode for users to test out.
Notorious online drugs marketplace Silk Road, which was only accessible through the Tor Anonymity network (known as the "dark web" or "deep web"), was shut down by the FBI in October 2013.
Since Silk Road was shut down, several other websites have tried to take its place, such as Utopia, which was shut down by Dutch police in February; Silk Road 2.0 and Sheep Marketplace, which were both hacked; and BlackMarket Reloaded, which closed of its own accord.
If users want complete anonymity then they could look to develop a true peer to peer app, in other words to be used between two parties," SRD Wireless CEO Andersen Cheng told IBTimes UK.
Currently only accessible in a web browser, users can sign up for an account, which includes a public profile, a wallet they can add bitcoins to, a private inbox, and a public chat message board for their local region.

Follow the instructions on Bitinstant to make your cash deposit, and have your Bitcoins sent to your new Tormail account.
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Choose the Cash deposit to Bitcoin to email option.
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Then you’ll be prompted to send the requisite amount of sterling to Bittylicious’s bank account (who then sends a payment to the seller that contributed the bitcoin for sale).
BitBargain is a UK-based service that allows the purchase of bitcoin via UK bank transfer and other services including PingIT (by Barclays), Natwest’s instant payment system, NoChex and more.
Once you’re registered and verified with your exchange of choice, you’ll then need to get the details for either a SEPA or international wire transfer, which you’ll then have to copy into the corresponding form in your online banking account.
Then again, finding a UK bank that will give you an account with SEPA transfer facility for the purpose of trading bitcoin is another trick.
Once a deal has been accepted by a seller, you’ll need to keep your browser open to keep an eye on the back-and-forth process between you and the seller who will signal acceptance of the deal and receipt of payment – which automatically releases the digital coins to you and concludes the deal.
If you want to go through a process that is somewhat less intimidating than registering with an international exchange, there are some UK-based services that allow you to pay with a (free) bank transfer payment.
Customers simply have to log into their accounts with one of these companies and select the cash payment option, they then choose the amount of bitcoins they want to purchase and head to their local ZipZap payment location to complete the transaction.
The service enables people to head to their nearest ZipZap payment location, hand over cash and see bitcoins deposited in their wallets almost instantly.
While Bittylicious currently enables unregistered users to buy small amounts of bitcoins via bank transfer and Barclays Pingit, it doesn’t allow them to use the cash payment service.
At the time of writing, the exchange rate displayed on Bittylicious for cash payments was £537.80 per bitcoin, which is quite a bit higher than the £520 per bitcoin if paying via bank transfer, and greater still than the £517.18 displayed on the CoinDesk Bitcoin Price Index at the time.
I have to admit, I was a bit sceptical at first – why would I bother going through the effort of visiting a shop to buy bitcoins when I could do it all online? However, I found the whole process incredibly simple, and I can see why some people would prefer it and would enjoy the novelty of handing over physical cash for digital currency.
The company is also looking to expand its service so that people can exchange their funds the other way around, swapping their bitcoins for cash over the counter.
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Local Bitcoins allows sellers and buyers who are located nearby to meet and exchange Bitcoins through various methods including cash, wire transfer, Money Bookers, Skrill and more.
BitBothers LLC allows customers and bitcoiners to purchase bitcoins by either sending in cash, money orders, cashiers checks, or MONEYGRAM to a designated location.
BitBrothers LLC allows customers and bitcoiners to purchase bitcoins by either sending in cash, money orders, cashiers checks, or MONEYGRAM to a designated location.
expresscoin.com (info) allows customers to buy Bitcoin with a bank wire transfer.
The following websites can be used to find direct sellers online Bitcoin OTC, Local Bitcoins or the Currency Exchange Forum Section.
You can store bought Bitcoins on your own address, or using a safe multi-signature Bitcoin wallet on Bitalo, for free.
Customers, who must supply an identity card and proof of address for anti-money laundering regulatory compliance, will be able to purchase bitcoins for cash.
Local Bitcoins offers a Bitcoin escrow service that holds the funds until the transaction is complete, therefore reducing fraud.
The reason this method works is because you do not buy Bitcoins with Paypal directly, you only buy SLL with Paypal (which is acceptable by Paypal’s TOS) and then exchange your SLL to Bitcoin.
bitXoin (info) Buy bitcoin via online ordering and bank deposit, cash over the counter at most banks throughout Australia.
VirWox – The Virtual World Exchange accepts all major credit cards (via Paypal or Skrill) and allows you to buy SLL which you can then trade to Bitcoin.
When they receive the items the bitcoin buyers receive the bitcoins that were held in escrow during each transaction.
With Brawker bitcoin buyers buy items at online merchants for people interested in paying with bitcoins.
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As long as the correct wallet address is provided (please double check the address you supply us with, in particular that the address is for the type of coin required) your coins will appear on the coin-specific blockchain within minutes once payment is confirmed.
While we aim to offer the simplest way to get hold of Bitcoin and alternative currencies by not requiring registration or verification procedures, we do have to abide by strict anti-money laundering regulations.
Back on the non-dark web, a small number of traders accept Bitcoin as payment for mainly tech-related goods such as motherboards (or maybe a "Keep Calm and Use Bitcoin" T-shirt – woo-hoo) but you get the sense that being Bitcoin-friendly makes for a good press release and little more.
A visit to bitbargain.co.uk led me to a bloke who was willing to sell me one-twentieth of a bitcoin for 21 quid, so I sent him the money from my bank account in what felt like a cloak-and-dagger operation ("DO NOT use the word BITCOIN as a reference," he insisted).
Chinese investors, whose activities are heavily restricted by government, went for Bitcoin in a big way, but its value slumped when the Chinese central bank banned institutions from dealing in it – and again when BTC China, the primary Chinese Bitcoin exchange, stopped accepting yuan deposits.
But while there may well be an argument for avoiding the value of your money being eroded by the state printing more of it, Bitcoin doesn’t appear to bring stability, even in the long term – not least because it enables a financial system that’s perfectly tailored for evading taxes.
The equivalent of the gold rush happened years ago; the people who became rich via Bitcoin mined them when the solutions to these complex mathematical problems could easily be found in them thar hills.
The anonymity of these transactions makes Bitcoin perfect for buying illicit goods, but the so-called "dark web", where it can be found, is a weird old place.
Bitcoin users fall into four categories: tech-heads fascinated by the maths; traders trying to make a fast buck; a few people trying to buy ecstasy; and libertarians who see its use as some kind of political statement, a method of escaping the scrutiny of government.
Bitcoin, as noted by Forbes last week, was far and away the best investment to make in 2013 and, as you watch the wildly fluctuating values across various websites, you can feel the potential thrill of a short-term speculative win.
Take Tom Reaney, who sold a burger from his fast-food outlet in central London in December for 0.0131 BTC, to much fanfare; the £7.50 it was worth back then is now worth closer to £5.50. This highlights one of Bitcoin’s inherent problems: it’s hamstrung as a currency because no one really knows what it’s going to be worth from day to day.
Second, I thought I could become a renegade Bitcoin trader behind a cloak of anonymity, but if you’re looking to convert BTC back into dollars or pounds, the service will demand to see photo ID, proof of address and so on.
Bank of America has said that Bitcoin may emerge "as a serious competitor to traditional money providers" – but that feels like a long way off.
The fact that this article is about Bitcoin, has the word Bitcoin somewhere in the headings and contains illustrations pertaining to Bitcoin, will have already lost many people – which is a shame, because they’re my kind of people.
The status of Bitcoin within the laws of any country is vague; with no home territory or jurisdiction, it can’t be regulated, and confusion over its legality and acceptability consigns it, in the short term at least, to being a risky investment.
All transactions have to be verified by a Bitcoin miner and etiquette dictates that you should provide them with a small sweetener, so I spent the equivalent of 4p doing so and now I had only 0.0499 of a bitcoin left.
Right now, it’s happening with the virtual currency called Bitcoin and, after a week of messing about with it, I can confidently state that I’m not sure how I feel about it.
And while Bitcoin et al may exist independently of banking interests and state interests, their value is closely tied to pronouncements by various states on their validity.
The difference with Bitcoin, as I understood it, is that sums can be transferred instantly and secretly, for free, bypassing the tyrannical protocols imposed by Visa or MasterCard or PayPal (or whomever) that cost me 2.5 per cent or more of my transaction total.
So I sold my 0.0499 of a bitcoin for 1.8088 litecoins, and again felt a sense of achievement, coupled with a slight feeling of unease.
Every article about Bitcoin seems to focus disproportionately upon mining, the process by which bitcoins come into existence.
I say "one"; the value of one bitcoin (BTC) before Christmas was 420 quid.
The key to our collective ambivalence about Bitcoin lies in its almost hilarious inexplicability; head over to YouTube and you’ll find dozens of primers and tutorials, all of which seem to pose more questions than they answer.
Rather as with contract bridge, the effort required to get your head around Bitcoin seems wildly disproportionate to any potential benefit that might conceivably head your way.
Now putting aside the possible earnings from buying and selling the currency itself, you can purchase a lot of things with bitcoins! A few websites such as Search Bitcoin behave as customized engines for locating items around the Web.
The underground Tor network and bitcoin marketplace are just two examples of emerging technologies.
The fact that a wider variety of people now use Tor increases the level of security, helping you hide among the many other faceless users who are on the network.
You’re probably wondering what unclaimed property is and what does it have to do with bitcoin?  Unclaimed property is any “asset” that is left unclaimed or abandoned.  The best example we can use is “ cards.”  How many times have you lost a card or had a few dollars left in Starbucks card?  You might think that businesses this because this means that they’ll just get to keep your money.  This is a myth.  Businesses are not allowed to profit or keep the value from unclaimed gift cards or property.  The business treats the “unclaimed amount” as a liability and will write it off by turning over that amount of money to the state as a “tax.”  The state will “hold” the unclaimed property on the public’s (you) behalf.  Anyone with unclaimed property may visit their state website to claim their property.  But, it’s worth mentioning that only 2% of unclaimed property collected was “claimed” in 2012.
 FoxyCart decided to pay their employee’s year-end bonuses with “bitcoins” because they wanted to give their employees something special this year.  Bitcoin has been an amazing investment that has grown in the last year, so they’re hoping to give a gift that will – keep on giving.  This means that FoxyCart is going to have a “taxable event,” when they transfer or give their employees bitcoins for a job well-done.  Here, FoxyCart has a taxable capital gain because they bought an “asset” and sold it to their employees for their services.  The employees here would pay taxes on the income as earned income that would be normally shown on any W-2 or 1099.  This probably sounds complicated, but we’ll go over how bitcoin is taxed below.
Bitcoin traders buy low and sell high.  It’s a simple idea, but most of them are probably forgetting to take into consideration the taxes related to their gains.  Like we discussed above, traders are making repeated buy and sell transactions based on the market value of bitcoin.  They’re hoping to make enough profit from these trades to either (1) make more money or (2) make more bitcoins.  Either way, each transaction is going to result in a taxable gain and usually at short-term capital gain tax rates.
As an example, if you purchased 1 bitcoin for $100 dollars and it’s worth $1,100 dollars today.  You realized a taxable capital gain of $1,000 dollars.  If you owned it for less than a year, then you could be paying $250 dollars of taxes on it or possibly more depending on your personal income tax rate.  If you owned the bitcoin for more than a year, then you’d only pay $150 dollars of taxes.  That is at least a difference of $100 dollars or more in taxes due.
A lot of people talk about how bitcoin is anonymous and how it could potentially be a strategy to “avoid taxes.”  The problem is how you will extract the value from bitcoin without leaving a record behind that directly transfers into an account under your name.  Unclaimed requires businesses to record purchaser information such as name, address and possibly social security numbers.  Each state is different and has its own variations, but businesses are required to know who they’re selling gift cards to.
Giving bitcoins away could cause you to owe taxes.  The United States Gift Tax is paid by whoever is giving the gift.  The person who receives the gift does not pay taxes.  You may be required to pay taxes on gifts worth over $14,000 dollars.  Everyone is allowed to give any single individual you choose a gift of up to $14,000 dollars a year without having to worry about the gift tax.  But, if you give someone more than $14,000 dollars’ worth of bitcoins, then you’re going to need to deal with gift taxes.  I won’t go into it because it’s a little complicated, but needless to say you should talk to a professional.
An example, Bob starts with 1 bitcoin and makes a million day trades in 2013.  Bob is a bitcoin stud and turns 1 bitcoin into 1,000 bitcoins.  Bob earned 999 bitcoins or $999,000 dollars (assuming each bitcoin is worth $1,000 dollars).  Bob owes $381.314 dollars in federal income taxes, not including state and local taxes.  Thus, Bob needs to cash out enough bitcoins (about 381 bitcoins) to pay his taxes.
Lastly, stocks have the benefit of being around long enough that companies that deal with them are federally required to keep track of all this information for you.  At the end of the year, mutual funds and brokerages will send you a 1099-B that summarizes all the information you need outlined above in a nice package.  Bitcoin is so new that companies don’t issue any of these statements.  I’m also pretty sure they’re likely not interested in doing so either because it’s just more money and work on their part.  So, you’re all on your own.
Bitcoin is taxable, whenever a taxable event occurs.  A taxable event is whenever you cash out your bitcoin for any fiat currency (dollars, euros and etc.) or when you trade a bitcoin for anything (bartering).  In taxation, bitcoin is best understood as an “asset.”  Whenever you hold an asset, it can increase or decrease in value.  When you trade the bitcoin for fiat currency, then you’re trading an asset for dollars.  It works the same way as when you trade gold bullion for dollars.
Sure, you can steal bitcoins.
Even then, if you buy bitcoin to hold onto it as an investment, you should never keep bitcoin in any online wallet for more than one month, and never large amounts.
There’s an innovative new way to buy and sell bitcoins for cash very easily with anyone very near you… wherever you happen to be at this moment… whether you happen to be in New York or China or London or Germany or Africa today… No one needs any ID, and you don’t have to trust anyone.
For ease of use for shopping and transacting in bitcoin, you’ll need an online wallet.
Any decent provider keeps no usage logs (and a very few promise to keep no logs at all), and many also use shared IP addresses, which should make identifying individual user accounts with an individual’s online extremely difficult, as it is almost impossible to tell which of the many individuals using an IP address is responsible for any particular actions.
The details of how these work can vary, but they basically help break the link between Bitcoin addresses by either creating a temporary address that gets deleted once the transaction is done, or by randomly swapping coins with other users (often multiple times), making the chain very hard to follow.
This process is known as Bitcoin mining, and in theory anyone can do it, but in practice it requires such a large amount of processing power that it is impractical for most individuals, although it is possible to join a Bitcoin mining pool (or similar organization) to help spread the costs (and rewards).
Bitcoins are generally stored in a program known as a Bitcoin wallet, which is identified by a Bitcoin address.
The only payments that cannot be reliably traced in this way are ones made using ‘virtual currency’, the most popular and widely accepted of which is Bitcoin.
Other options include using a service such as LocalBitcoins.com to arrange an in-person meetup, where you exchange coins face-to-face, or simply opening a wallet with a large Bitcoin company not particularly known for Bitcoin mixing (i.e. not Blockchain.info), or for its draconian identity check and Bitcoin analysis practices (i.e. not Mt.
Then simply go to the Send Shared webpage, and enter the address you want to send your mixed Bitcoins to (in our case the Bitcoin Wallet address we just created).
Depending on the exact method used, while Bitcoin mixing may not guarantee 100 percent anonymity in the face of a highly determined and powerful adversary (such as the NSA), it does provide a very high level of anonymity, and it would be a very arduous task for anybody (including the NSA) to link you with properly mixed coins.
Bitcoin exchanges, where you purchase and sell your Bitcoins, are regularly combined to your bank account to change over your cash to Bitcoin as you purchase it.
For those looking to namelessly purchase it, basically chose a trusted merchant from the arrangement of individuals equipped to offer you the amount of Bitcoin you need.
Bitcoin tumblers enable gatherings of individuals namelessly pooling their Bitcoins, blending them up, and redistributing them once again to the group, generally less a little charge for the administration.
In the event that you as of now have Bitcoins that you need to anonymize, you’d likely need to utilize a Bitcoin tumbler.
In the event that I need 100 GBP in Bitcoin, I go through the list of vendors ready to sell that amount and get a list of sellers and they are listed in ascending/descending of rates of exchange.
Localbitcoins is a website that connects individuals looking to purchase Bitcoin with those looking to offer, and the other way around.
Watch tutorial, read buy guide, online sell guide, cash trading guide and common questions.
LocalBitcoins.com is a marketplace for trading bitcoins locally for cash or online payments of your choice.
Trade bitcoins in 6552 cities and 230 countries including United States.
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Discussion in ‘Currency exchange’ started by Fast-Bit, Mar 12, 2014.

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