I guess that would definitely be safe if one of the exchange are well known and has a good track record in the market and being listed too at
the top exchange platform, but you can also try bitforex because they accepted Visa and master card for you to be able to buy crypto here
https://www.bitforex.com/en/invitationRegister?inviterId=2197722 Just important is you must be verified.
Topic: Fiat-to-crypto: is it safe? - page 2. (Read 608 times)
Hey everyone. I'm new to crypto and I wanted to ask if there's a point of buying crypto with a credit card.
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
No, I think that is not a good way to use credit card. As you said, it takes too many steps and seems insecure for your personal information. But I know there is a place to buy and sell bitcoins at very low prices.I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
Coinvi.com, you can refer to it and try trading. Currently there are more than 500 users who have been constantly trading there and the price of Bitcoin is $ 200- $ 300 cheaper than other exchanges.
Hey everyone. I'm new to crypto and I wanted to ask if there's a point of buying crypto with a credit card.
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
Most of the top cypto exchanges started to update their data base or ask you to provide them with the information about yourself. KYC nowadays is something that we crypto users and traders will I guess need to accept that it is happening. If I trade stocks before I trade they will also ask for a lot of information about me but compared to the possible earnings that I would get from trading crypto, I am willing to give them my information as long as I am giving it to a reputable exchanger and not to those new ones that has a low feedback and review. I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
For getting fiat without KYC, better to ask people there fiat/btc exchange, for example skrill, paypal and etc, you will find someone with whom you'll negotiate.
That's even worse than using an exchange.
You still need to go through KYC to use these services.
And chargeback fraud becomes an issue to watch out for.
Hey everyone. I'm new to crypto and I wanted to ask if there's a point of buying crypto with a credit card.
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
Those are the KYC procedure you have to go through. The exchange also (I think) has no say in this since they are bound to do so because of legal reasons. People would easily launder money if there were no such verification. I know this defeats the purpose of using crypto currencies but there are currently no option right now. I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
About your data. No one is sure or can know if they are selling it or not.
P2P trading like Bisq or hodlhodl.com are good alternatives.
Hey everyone. I'm new to crypto and I wanted to ask if there's a point of buying crypto with a credit card.
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
Those are the KYC procedure you have to go through. The exchange also (I think) has no say in this since they are bound to do so because of legal reasons. People would easily launder money if there were no such verification. I know this defeats the purpose of using crypto currencies but there are currently no option right now. I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
About your data. No one is sure or can know if they are selling it or not.
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Personally I've never done it. But I do believe that top-ranked exchanges will ever do something like this. But when you try this on a new or unknown exchange there may be occurs some problems with your personal information and I don't think it's safe. Another thing is that if you are afraid of debit card and phone number then you need to be aware of KYC first. Because almost all exchanges now collect a lot of data through KYC.
Hey everyone. I'm new to crypto and I wanted to ask if there's a point of buying crypto with a credit card.
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
Yes you can buy crypto by using credit card but before purchasing an altcoin make sure you really know/understand the policy of exchange site to avoid asking any question, like if its required a kyc that provide your identity, Binance is one of a secured to buy altcoin.
Personally, I believe that both fiat centralized exchanges and bitcoin debit cards providers defeat the whole purpose of crypto, and I would rather use on decentralized/P2P platforms instead. But there are many people who don't mind going through these KYC procedures just because using these exchanges is more convenient and much faster.
These platforms are clearly not safe, because you never know what your data are being used for and even If nothing malicious is being done from the service's part, there is always a possibility of your data being hacked/leaked.
Cmon man, you can't run official exchange without requesting KYC documents from your clients, also it's better for governments and financial institutes to have imagination about how money moves from their exchange which mostly includes illegal things too. Just see, almost every official exchange (if not 100%) requires KYC, otherwise you can't run that business.These platforms are clearly not safe, because you never know what your data are being used for and even If nothing malicious is being done from the service's part, there is always a possibility of your data being hacked/leaked.
Still that's not safe OP, your data may be leaked and a lot of exchanges have that issues, I don't know why but seems their security isn't still good.
For getting fiat without KYC, better to ask people there fiat/btc exchange, for example skrill, paypal and etc, you will find someone with whom you'll negotiate.
Hey everyone. I'm new to crypto and I wanted to ask if there's a point of buying crypto with a credit card.
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
I think this trading is quite safe, because I traded a lot at binance and Huobi, everything works very well. For large exchanges, you don't need to worry about selling their information. Because they already have too much money to grow their business, they do not need the change from KYC and it is easy to hurt their reputation. I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
Almost every exchange will ask the personal information like date-of-birth, identity proofs, card details for buying with credit or debit card. It is important to search a legit exchange where your personal information are safe. I personally use few exchanges like Coinbase, Simplex, Coinswitch etc.
I think that is becoming the trend now and this is getting investors worried. The good thing about it is that it is a choice as other exchanges exit that won't require such rigorous KYC, just little like verification of email. Example, coin exchange does not require such KYC as such.
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
Almost every exchange will ask the personal information like date-of-birth, identity proofs, card details for buying with credit or debit card. It is important to search a legit exchange where your personal information are safe. I personally use few exchanges like Coinbase, Simplex, Coinswitch etc.
Then, if that is the case, we can use binance and use the free member as they offer people not to do KYC. I use binance, bittrex, and poloniex from a long time ago. Poloniex was the first exchange that I use for trading, and I don't have any problem with all of those exchanges. So far, I feel safe to use the exchanges I mention, and I could trade in every day although, in fact, I don't make daily trade. If you don't want to use the exchange because of KYC verification, then you should search for the exchange that you want.
They don't sale your personal data but using it for their own marketing purposes. Also every exchange have legal obligation to store data of any customer so that they can answer on any request from authorities if law enforcement happen in one day. Its known as Know Your Customer and Anti money laundering acts.
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
Almost every exchange will ask the personal information like date-of-birth, identity proofs, card details for buying with credit or debit card. It is important to search a legit exchange where your personal information are safe. I personally use few exchanges like Coinbase, Simplex, Coinswitch etc.
Hey everyone. I'm new to crypto and I wanted to ask if there's a point of buying crypto with a credit card.
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
I think, about that every exchanges will have their reason. Some people in past i heard said that exchanges did that to prevent people's credit card is used by "bad people" and then to buy bitcoin. Maybe because of that they are ask people's data to make sure it is the owner or maybe they have another reason. In my local exchanges in my country, i do KYC too because i can't do anything if not get verified. I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
Hey everyone. I'm new to crypto and I wanted to ask if there's a point of buying crypto with a credit card.
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
I do not use it but it is widely used nowadays. That is perhaps one of the most convenient ways to buy Bitcoin and other cryptocurrencies. However, if you have other options such as buying through peer-to-peer or through outlets that do not require you to submit personal identification information, you better choose it. It is always safer to buy it anonymously rather than with your identity exposed.
Binance, for example, may be trusted and relatively safe but it has already experienced KYC data leak. Incidents like this could actually expose your personal information to the wide public.
It doesn't matter if they demand alot of things about you because indeed that's how they process stuff just to secured everything. but make sure that it's reputable and trustworthy exchange before giving such information because you know there are still fake and scam exchange. So be aware! And of course always make search and obtain certain information as well to assure it's totally safe.
Sure, Terms of Service or FAQ may be useful, but at the same time lack of transparency gives service an opportunity to use the it in their favor.
That's the risks even for a centralized and reputable exchange especially to those users who are taking their privacy and anonymity concern to the highest level. On the other hand, your credit card provider might question you too if they are sensitive at crypto-related transactions.
Since you are worried to the point that you want an exact answer which the fact no one can answer here as a user, then disregard your plan to used your credit card and find an alternative instead.
No, they are not selling your information.
There is a terms of agreement and you could use that to sue them if ever you want to have some lots of money one day. Let me help you with that.
Banks are supposed to be trusted, they cannot just let anyone take money from them.
Once they knew you are paying for an unreliable industry then they will not continue and you will have problems.
Your anonymityis your issue. Then, dont go just buying anything using your credit card because all your information is there.
Just look for a person near your place whom you could buy using fiat. Make it a large transaction so we wont see this question again.
There is a terms of agreement and you could use that to sue them if ever you want to have some lots of money one day. Let me help you with that.
Banks are supposed to be trusted, they cannot just let anyone take money from them.
Once they knew you are paying for an unreliable industry then they will not continue and you will have problems.
Your anonymityis your issue. Then, dont go just buying anything using your credit card because all your information is there.
Just look for a person near your place whom you could buy using fiat. Make it a large transaction so we wont see this question again.
Hey everyone. I'm new to crypto and I wanted to ask if there's a point of buying crypto with a credit card.
I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
It depends because if we do talk on purchasing up crypto using up fiat then you would end up into those platforms like binance or similar ones that most likely I found a lot of exchanges where users can easily (as they say) buy cryptocurrencies with their bank card. I mean, at binance they request like a lot of data about me, including my phone number or date of birth.
Aren't they selling my private info (that would explain 0,25$ fee on changelly for example), and doesn't that conflicts with the statement about my anonymity?
That would be fair for every fiat-to-crypto exchange, so my question is: do you use it and is it really safe?
needed up credit/debit accounts to buy some.On instant exchangers- Changelly already have that option on buying btc with bank card so this do basically means
either both ways you would end up on requiring to comply kyc.
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