Hi,
I am a little confused about how changelly gives us the ability to buy bitcoins without an ID? Does this mean they are using someone like localbitcoins?
Howcome they dont need any id to buy and sell BTC? Are their rates much higher? Why does almost everyone use bitfinex to trade bitcoins and not something like changelly? In other words what does changelly actually do?
https://changelly.com/faq - I am referring to this .
I am a little confused about how changelly gives us the ability to buy bitcoins without an ID? Does this mean they are using someone like localbitcoins?
Howcome they dont need any id to buy and sell BTC? Are their rates much higher? Why does almost everyone use bitfinex to trade bitcoins and not something like changelly? In other words what does changelly actually do?
https://changelly.com/faq - I am referring to this .
Changelly isno doubt taking a huge risk by accepting VISA/mastercard deposits.
That is the primary reason imo why their rates are complete BS and isn't worth your time at all if you wanted to convert your debit card funds into bitcoin. You can be easily stuck paying a sizeable premium of over 20% with them.
Coinbase on the other hand has better rates, but needs ID so that chances of fraud are significantly lowered.
