Buy or sell coin and kyc - page 2. | Bitcointalksearch.org

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legendary

Activity: 2618

Merit: 1181

Welcome to the bitcoin forum, you are in the right place to get knowledge about bitcoin and other cryptocurrency and without reducing my respect for other users, then I will only give a few additional suggestions for you and hopefully there are benefits.

If you live in a country that already has a bitcoin ATM, then you will easily buy it at an ATM using cash, but you will only get bitcoin and not for other cryptocurrencies.

For countries that dont have a bitcoin ATM, I think there are several ways to buy or sell bitcoin, such as:

Conduct transactions with other users (Use escrow services to increase security)
Choose an exchange that does not require you to send the KYC form if you object to KYC. But lately KYC is one of the conditions for exchange if they want to continue to operate in countries that apply KYC rules for cryptocurrency users.
You can buy on an exchange that uses KYC but you must consider that it is a safe exchange.
The rest, you can also get buying and selling services from trusted users in the forum as done by one of our local users. [ZAKY-CELL] Jual Beli Bitcoin - Voucher Indodax - Official P2P Binance - Escrow by AakZaky

BitSat19

member

Activity: 476

Merit: 62

Quote from: Review Master on May 06, 2020, 11:51:29 AM

Quote from: Eth pro on May 06, 2020, 08:03:33 AM

The only way to buy crypto is credit card. I'm confused that why I must provide my identity, passport number and image of it, and photo of my face. I read and know that crypto is anonymous, why I must kyc to buy coin?

Credit card is not the only way to buy crypto-currency. You can even use this forum to buy bitcoin or other crypto-currency because most trusted users help others to escrow any deals. So, if you find out anyone who is willing to sell bitcoin or any crypto, just do escrow with any escrowers and make the deal without any tensions of scamming. Without escrow don't make any deal in this forum if you don't know him personally. Kyc is only need in the CEX ( centralized exchange ) to buy crypto with credit cards.

Here is the list of escrow services: https://bitcointalksearch.org/topic/m.24991775

Now many reputable sites also giving this service to users as they able to buy and sell bitcoins and altcoins for credit card without any hassle and KYC mean Binance and HitBtc both offering this service and CEX is not good and please think before doing any business with this scam exchange.

Csmiami

copper member

Activity: 1652

Merit: 1325

I'm sometimes known as "miniadmin"

Quote from: TheEconomists on May 06, 2020, 12:35:38 PM

One you should have put into consideration before these point above is whether in OP community Bitcoin ATM exit, or he/she has other altcoin, whether he/ she knows someone that is ready to sell and so on.

I had indeed considered that, but my objective was to make OP see that there are (many) alternatives to buying Bitcoin without a credit card. I was not evaluating his personal case, but giving some information for OP and anyone that may have the same question in the future and finds this tread.

TheEconomists

member

Activity: 267

Merit: 11

Quote from: Csmiami on May 06, 2020, 08:12:38 AM

Quote from: Eth pro on May 06, 2020, 08:03:33 AM

The only way to buy crypto is credit card.

This statement is very far away from being true. You can buy crypto in some of the following ways (just thinking a few, not putting much effort into it):

Selling other crypto for BTC
Bitcoin ATMs (cash)
Buying them from another person (again, cash)
Wire transfer (exchanges or other person)
Prepaid cards (similar to gift cards, offered in some supermarkets)
Sell amazon codes (or any other) codes for crypto
....

Alternatively, you can also sell goods and accept BTCBTC payments, offer some kind of service and get paid in BTCBTC, and the list goes on

Quote

I'm confused that why I must provide my identity, passport number and image of it, and photo of my face.

You only have to verify your identity with some centralized platforms, and some even have a non KYC limits established.

Quote

I read and know that crypto is anonymous, why I must kyc to buy coin?

Bitcoin (and most crypto) pseudo-anonimous, all transactions are publicly available in the blockchain, so if you "only" have to know who one particular address belongs to to see most of their movements. Luckily, there are some procedures to prevent this, and getting a more anonimous experience.

You should have put some factors into consideration before these point you mentioned above. One, whether in OP community Bitcoin ATM exit, or he/she has other altcoin, whether he/ she knows someone that is ready to sell and so on.
I do believe op can find his country men here who have good reputation that he can Bitcoin from in exchange for his local currency if he don't want to subject himself to KYC via crypto currency exchange because even local exchange as recommended by some people above is not free from KYC.

Review Master

sr. member

Activity: 1456

Merit: 280

BitByte Crypto: https://link3.to/bitbytecrypto

Quote from: Eth pro on May 06, 2020, 08:03:33 AM

The only way to buy crypto is credit card. I'm confused that why I must provide my identity, passport number and image of it, and photo of my face. I read and know that crypto is anonymous, why I must kyc to buy coin?

Credit card is not the only way to buy crypto-currency. You can even use this forum to buy bitcoin or other crypto-currency because most trusted users help others to escrow any deals. So, if you find out anyone who is willing to sell bitcoin or any crypto, just do escrow with any escrowers and make the deal without any tensions of scamming. Without escrow don't make any deal in this forum if you don't know him personally. Kyc is only need in the CEX ( centralized exchange ) to buy crypto with credit cards.

Here is the list of escrow services: https://bitcointalksearch.org/topic/m.24991775

alik111

member

Activity: 362

Merit: 12

Quote from: Eth pro on May 06, 2020, 08:03:33 AM

Hi all, I'm new to crypto as recently I have free time on the internet and see an ads about it. Google brings me here, and medium, some crypto websites too. I want to own some coin and try to invest. The only way to buy crypto is credit card. I'm confused that why I must provide my identity, passport number and image of it, and photo of my face. I read and know that crypto is anonymous, why I must kyc to buy coin?

Actually Cryptocurrency is very risky because of huge scammers and in crypto buying like Bitcoin you may have issues.Here is a huge risk to lose funds by being trapped from any scammer.Thats why to be safe some platforms must need to verify kyc.And it is increase your crypto transection limits too.

But it's not mandatory in all exchanges and you can easily buy it from your local country exchanges without doing kyc.And many big exchanges have features to buy without taking your personal details through kyc. And you can try Binance Exchange,MXC exchange and many others.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: Maus0728 on May 06, 2020, 08:37:38 AM

I assume that you have at least created a bitcoin wallet. If you do, you can try buying bitcoin at https://localbitcoins.com/. This site allows you to find willing seller in your vicinity with varities of payment method such as paypal or meeting up with someone so as to avoid KYC.
-snip-

KYC is obligatory in LBC, and in-person transactions has been removed sometime ago. I would suggest OP to use LocalCryptos instead.

Maus0728

legendary

Activity: 1904

Merit: 1563

I assume that you have at least created a bitcoin wallet. If you do, you can try buying bitcoin at https://localbitcoins.com/. This site allows you to find willing seller in your vicinity with varities of payment method such as paypal or meeting up with someone so as to avoid KYC.

https://coinatmradar.com/ if you prefer using btc ATM. ATM allows you to buy bitcoin using fiat while surrendering your btc wallet QR code bitcoin address in its scanner to receive the equivalent amount of bitcoin at the current rate.

Cnut237

legendary

Activity: 1904

Merit: 1277

Quote from: Eth pro on May 06, 2020, 08:03:33 AM

I read and know that crypto is anonymous, why I must kyc to buy coin?

First of all be careful to only use reputable sites.

As to why you need to go through KYC - since bitcoin and other cryptos started to attract serious money, they came more to the attention of governments around the world. KYC is partly to protect users and partly to comply with legal safeguards against terrorism and money-laundering. Exchanges and gateways that don't comply with the laws of the country in which they are based are liable to prosecution.

You must also remember that blockchains are transparent. It is only anonymous so long as there is no connection to a fiat gateway.

KYC is an increasingly contentious subject. There is plenty about it online, have a read of this for example.

Csmiami

copper member

Activity: 1652

Merit: 1325

I'm sometimes known as "miniadmin"

Quote from: Eth pro on May 06, 2020, 08:03:33 AM

The only way to buy crypto is credit card.

This statement is very far away from being true. You can buy crypto in some of the following ways (just thinking a few, not putting much effort into it):

Selling other crypto for BTC
Bitcoin ATMs (cash)
Buying them from another person (again, cash)
Wire transfer (exchanges or other person)
Prepaid cards (similar to gift cards, offered in some supermarkets)
Sell amazon codes (or any other) codes for crypto
....

Alternatively, you can also sell goods and accept BTCBTC payments, offer some kind of service and get paid in BTCBTC, and the list goes on

Quote

I'm confused that why I must provide my identity, passport number and image of it, and photo of my face.

You only have to verify your identity with some centralized platforms, and some even have a non KYC limits established.

Quote

I read and know that crypto is anonymous, why I must kyc to buy coin?

Bitcoin (and most crypto) pseudo-anonimous, all transactions are publicly available in the blockchain, so if you "only" have to know who one particular address belongs to to see most of their movements. Luckily, there are some procedures to prevent this, and getting a more anonimous experience.

Eth pro

newbie

Activity: 5

Merit: 2

Hi all, I'm new to crypto as recently I have free time on the internet and see an ads about it. Google brings me here, and medium, some crypto websites too. I want to own some coin and try to invest. The only way to buy crypto is credit card. I'm confused that why I must provide my identity, passport number and image of it, and photo of my face. I read and know that crypto is anonymous, why I must kyc to buy coin?

Topic: Buy or sell coin and kyc - page 2. (Read 414 times)