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New York Post
21-06-2025
- Business
- New York Post
How to buy Bitcoin anonymously in 2025
The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase. Privacy-minded cryptocurrency buyers can follow some best practices to buy and store their Bitcoin anonymously, as long as they're careful to follow local laws. The price of Bitcoin has surged to more than $106,000 as of early June, making investors with significant holdings a ripe target for scammers and thieves. Buyers have a strong incentive to keep a low profile online and use secure, privacy-minded tools like the Best Wallet Anonymous Bitcoin Wallet to store their assets. At the same time, state and federal governments — as well as tax agencies like the IRS — are increasingly focused on regulating crypto transactions. It's crucial to follow all tax reporting obligations to avoid penalties. 'The desire for personal financial privacy is legitimate and justifiable — especially in an era of growing financial surveillance — but there is a distinction between privacy-preserving behavior and unlawful evasion,' said Peter C. Earle, senior economist at the American Institute for Economic Research. 'Buying Bitcoin without verification is legally fraught in many jurisdictions, and doing so anonymously could lead to legal and tax problems,' Earle added. The guide below provides tips and best practices on how to buy and store Bitcoin while minimizing the exposure of your personal information. Are You Crypto Curious? How to start crypto trading today Best Wallet Download the Best Wallet app from the App Store or Google Play. Create an account using just your email — no ID required. Fund your wallet with crypto or other methods — most don't require KYC. Buy Bitcoin instantly and store it securely and privately in Best Wallet. Swap, sell, or stake your Bitcoin (BTC) — all within the Best Wallet app. LEARN MORE Platforms that allow peer-to-peer transactions are one option, according to Earle. These platforms let 'users trade Bitcoin without relying on centralized custody or identity verification, typically by matching buyers and sellers who agree on payment methods such as bank transfers, cash deposits, or in-person exchanges,' he said. That said, due diligence is essential. Only engage in transactions with trusted parties, and avoid deals that seem too good to be true. Some regions still have Bitcoin ATMs that allow withdrawals without ID verification, though they often come with strict withdrawal limits. But even when using privacy-friendly methods, it's important to remember: all Bitcoin transactions are recorded on a public ledger. 'It's technically impossible to be completely anonymous with blockchain, as every transaction, on every chain, is tracked,' said Matthew Ruley, director of content at crypto information site Dypto Crypto. REUTERS Not if you care about anonymity. Experts strongly advise against it. 'Never use a credit card, PayPal, or anything similar if you want to buy Bitcoin anonymously,' said Kadan Stadelmann, CTO of Komodo. 'These platforms are built to track every transaction and already hold your full identity. Using them is like handing over your passport with your purchase.' Also no. PayPal accounts are directly tied to personal identifying information, making them incompatible with any form of private crypto purchase. Yes. Physical cash remains the most anonymous option, more so than crypto itself, since all blockchain transactions are inherently traceable. 'Yes, cash remains the most anonymous way to purchase anything, despite the reputation Bitcoin has gained for this, because all crypto transactions are recorded on the blockchain,' said Nic Puckrin, industry analyst and founder of Coin Bureau. In Canada, more people are exploring how to buy and sell bitcoin, whether as a speculative asset, long-term investment, or gateway to the broader crypto economy. Getty Images For users who want a more secure and less invasive option without fully abandoning digital convenience, tools like Best Wallet can help. With no ID required to set up an account and support for funding via crypto, debit/credit cards, or Apple Pay (with no KYC for most funding methods), Best Wallet lets users buy and manage BTC more discreetly. Yes, in some cases. Peer-to-peer platforms and Bitcoin ATMs in certain regions may allow purchases without identity checks. However, limits often apply, and legal risks vary by jurisdiction. Tools like Best Wallet Anonymous Bitcoin Wallet allow users to create an account without ID and offer private in-app BTC transactions. However, blockchain activity is still publicly visible. It depends on the method and amount. Buying small amounts with cash from another person may be legal, but larger anonymous purchases or those intended to evade taxes may violate federal law. Buying without Know Your Customer (KYC) verification may increase your exposure to scams, limited consumer protections, and legal penalties, depending on your location and transaction amount. New York Post Approved Our No. 1 Pick Best Wallet The Best Wallet app puts security first with biometric logins, two-factor authentication, and full non-custodial control — so you hold your keys, not just your coins. With support for thousands of altcoins across 60+ blockchains, it pairs top-tier security with powerful, user-friendly tools — making it the safest, most innovative way to HODL, swap, and manage your crypto. Learn More 108M+ Users Worldwide Coinbase Coinbase is building a more inclusive financial future for over a billion people, enabling them to trade, stake, spend, and transfer crypto on a secure and trusted platform. It powers the on-chain economy with essential infrastructure, global access, and a commitment to fair, responsible innovation. Learn More 114.9% BTC Reserve Ratio Kraken Kraken takes crypto security seriously, with FIDO2-compliant Passkey logins, encrypted communications, and customizable API permissions that keep your account firmly in your control. With no phone-based recovery, time-locked global settings, and real-time threat monitoring, it's built to protect your assets at every layer. Learn More $232B Platform Assets Robinhood Robinhood Crypto offers a user-friendly platform for trading and transferring digital assets, including the ability to securely and easily send and receive crypto to and from external wallets. With its self-custody Robinhood Wallet, it manages crypto holdings across multiple blockchains, including Ethereum, Bitcoin, and Solana. Learn More 20% of Global Crypto Secured Ledger Ledger is a leading provider of secure hardware wallets, offering devices like the Ledger Nano X and Ledger Stax that protect private keys offline using industry-leading Secure Element chips and a proprietary operating system. Paired with the Ledger Live app, manage over 5,500 digital assets, including cryptocurrencies and NFTs. Learn More 100M+ Users & Growing lets you buy, sell and trade over 400 cryptocurrencies, including Bitcoin and Ethereum, with zero-fee USD deposits, wire, and Apple/Google Pay. With a user base exceeding 140 million, the platform gives advanced trading options, a self-custodial wallet through Onchain, and industry-leading security certifications. Learn More $53T+ in Transactions Uphold Uphold is a multi-asset trading platform that enables users to buy, sell, and swap over 360 cryptocurrencies, 27 fiat currencies, and four precious metals, all in a single step. With features like assisted self-custody via the Uphold Vault, staking rewards up to 16.8%, and real-time reserve transparency, it offers a secure and versatile experience for both beginners and seasoned investors. Learn More The New York Post may receive revenue from affiliate/advertising partnerships for sharing this content and/or if you click or make a purchase.
Washington Post
11-06-2025
- Business
- Washington Post
Republicans rediscover the one weird trick that actually cuts spending
Dominic Pino is the Thomas L. Rhodes journalism fellow at National Review Institute and host of the American Institute for Economic Research podcast 'Econception.' Well, this is awkward. After the relationship between President Donald Trump and businessman Elon Musk very publicly soured, Congress is considering action on the primary product of that relationship: spending cuts suggested by the U.S. DOGE Service.
Yahoo
26-05-2025
- Business
- Yahoo
The Trade War Is Eroding America's Soft Power
The direct cost of President Donald Trump's trade war will be borne by American consumers and businesses—of that, there should no longer be much debate. But trade wars also come with indirect costs and unforeseen consequences. Some of those show up on balance sheets in the form of lower profits, losses in the stock market, or stagnating wages. Some are best counted under the Christmas tree, where higher prices might mean fewer toys (as the president now admits) and other goodies that make life a little more joyful, as tariffs squeeze wallets and reduce discretionary income. Others are trickier to sum up, but that doesn't mean they don't exist. "The administration's trade policy sends a message to the world: America is an unreliable ally that sees you only as a source of wealth; and if you don't have wealth, you'll pay for it," writes Iain Murray, senior fellow at the Competitive Enterprise Institute, in an essay recently published in The Daily Economy, a blog run by the American Institute for Economic Research. Murray's essay gets at a point that seems underappreciated in the ongoing debate over tariffs, trade deficits, and Trump's (possibly unconstitutional) wielding of tariffs as part of an effort to overhaul the global trading system that he believes is unfair to the United States. The benefits of free trade for America go beyond tangible things like the "cheap stuff" that nationalists on the political right disdain. And the costs of blowing up the global trading system will include the loss of American "soft power" and the geopolitical influence that comes with it, Murray warns. "The United States' role as a linchpin of this system has enhanced its position as the pre-eminent global power," writes Murray. "Yet the new administration's curious tariff policy threatens all of this, for no discernible benefit." Trump views trade as a zero-sum game in which one country wins and one country loses every time two individuals agree to exchange goods across national borders. He believes that America is losing those transactions and that trading less would make the country better off. A few weeks ago, while trade with China was grinding to a halt due to Trump's massive tariffs on imports from that country, the president said America was "making, in a certain way, $1.1 trillion" by not engaging in commerce. That's economically foolish, but it's also geopolitically myopic. That's because American soft power rides on the back of the global trading system. American investment and purchasing power help build factories and lift people out of extreme poverty. For the countries that benefit from all that, American interests are first and foremost. Take away the benefits of trade, and the rest fades too, warns Murray. Higher tariffs and reduced global trade "kills US soft power with these nations and leaves a geopolitical vacuum into which US rivals like China will expand," he writes. "High tariff rates on south east Asian countries, for example, will exacerbate the drift of those countries towards the Chinese sphere of influence that has been happening in the wake of trade uncertainty since the first Trump administration." The post The Trade War Is Eroding America's Soft Power appeared first on
Washington Post
30-04-2025
- Business
- Washington Post
Pain from Trump's tariffs is arriving at the speed of a container ship
Dominic Pino is the Thomas L. Rhodes journalism fellow at National Review Institute and host of the American Institute for Economic Research podcast 'Econception.' Donald Trump moves fast. Boats, however, are really, really slow. That basic disconnect is the key to understanding how the president's tariffs are playing out. Fast: The president and his administration keep changing their plans on tariffs, seemingly by the hour — a policy whiplash that has caused chaos in the financial markets.
