Why reveal my identity to get bitcoins ?

lalabotax

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Quote from: r111 on October 06, 2022, 01:51:13 PM

Why reveal my identity to get bitcoins if previously it was not so? it seems that now having bitcoin is associated with identity, and that looks unfortunate. I tried to buy with credit card in pages that promise not to ask for your personal data but it was not so.

How can I see the funds I have in a paper wallet created in bitaddress ? I have my public and private code, how can I see the funds or how does it work ?

Unfortunately, many exchanges that allow buying their crypto using credit cards will ask for the KYC process in which we must reveal our identity. this is bad but we sometimes shave no exact way to avoid this.
Moreover, if this is on the top exchange, KYC is commonly required. Many people try to search for other alternatives for buying Bitcoin using credit cards or another type of payment.
I read about Paxful, this is popular enough to buy Bitcoin without any verification.
You can read this:
https://www.analyticsinsight.net/how-to-buy-bitcoin-with-a-credit-card-without-verification-in-2022/

jossiel

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Quote from: Welsh on October 06, 2022, 07:54:11 PM

Quote from: jossiel on October 06, 2022, 06:18:23 PM

We can't do anything with that but we still have a choice to buy bitcoin without having kyc through dexes or p2p.

Which will likely come under increased scrutiny in the near future. So, while it might still be legal to do so in the future, it could be severely regulated, and the governments might require the platforms themselves to collect data upon signing up.

While I don't want KYC to become silly, I do think that's the path we're going down. Data is basically the gold rush these days, and the way Bitcoin is designed means the government has a easier way of rationalising any restrictions they put in place, including KYC.

True, that it's going to be like that in the future and that will be the way of the governments to still regulate it and with data being collected, they'll know their people who are into bitcoin.

So, they collect data, they know who are taxable and they know who have the most and least of bitcoin in the exchanges.

Despite them having no control the blockchain/network but they have found a way to at still capitalize and make themselves comfortable to hold and control those new oil of this generation.

mk4

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Use either LocalCryptos or HodlHodl. UI/UX is going to slightly suck compared to full-fledged centralized exchanges and liquidity isn't going to be as great, but you don't need to submit AML/KYC. Just make sure that you're transacting with people with decent reputation.

Cookdata

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Quote from: r111 on October 06, 2022, 01:51:13 PM

Why reveal my identity to get bitcoins if previously it was not so? it seems that now having bitcoin is associated with identity, and that looks unfortunate. I tried to buy with credit card in pages that promise not to ask for your personal data but it was not so.

How can I see the funds I have in a paper wallet created in bitaddress ? I have my public and private code, how can I see the funds or how does it work ?

You will get your bitcoin complicated in this manner, if you have the money to buy bitcoin, I will advise you to also buy a hardware wallet to your own advantage and I can tell you that it is safe if you keep your seed phrase in a safe place.
Now back to identity and bitcoin, you can use p2p or your local vendor to buy bitcoin, don't use your credit cards on centralized platforms because they will keep your transaction details in their database including ATMs.
Some of the Bitcoin P2p you can use that don't require KYC and their websites are:
[1] Bisq client ===> https://bisq.network/
[2] HodlHodl ===>https://hodlhodl.com/

pooya87

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You don't need to reveal your identity to "get bitcoin", you only do it when you go on a centralized exchange and use your centralized payment system (banks, credit cards, etc) to swap your fiat for bitcoin. It has always been like this from day one. And it is not specific to bitcoin, whenever you use centralized services you are revealing your identity one way or another. Sometimes the degree differs but your identity is revealed nonetheless.

Darker45

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This is the bittersweet development that we might have wished for. We wanted Bitcoin to be accepted, so this is it. Bitcoin is accepted but we need to give them our information to signify that we aren't using Bitcoin for whatever illegal transactions. There are compromises. There have to be. But there are still remaining options to purchase Bitcoin without revealing your identity.

Anyway, use your address to verify whether or not your funds are already there.

Welsh

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Quote from: jossiel on October 06, 2022, 06:18:23 PM

We can't do anything with that but we still have a choice to buy bitcoin without having kyc through dexes or p2p.

Which will likely come under increased scrutiny in the near future. So, while it might still be legal to do so in the future, it could be severely regulated, and the governments might require the platforms themselves to collect data upon signing up.

While I don't want KYC to become silly, I do think that's the path we're going down. Data is basically the gold rush these days, and the way Bitcoin is designed means the government has a easier way of rationalising any restrictions they put in place, including KYC.

DapanasFruit

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There can still be ways to get into Bitcoin without you divulging your information. You can use decentralized exchanges for the same purpose though am not so sure if this is very much advisable with those residing in USA where regulations are getting stricter and stricter. Aside from that P2P can also be the best one...here in my country there are people who are selling and buying Bitcoin...and doing a private transaction can still be possible. Now, I am aware that regulations are getting bigger and bigger for the cryptocurrency industry and soon there can be more things to do and to fulfill for people who are in this industry.

jossiel

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It was expected because it's too big to ignore these days. That's why regulators are enforcing exchanges to implement KYC to their users. It's part of the growth that we're longing before to the market but not to this extent that most centralized exchanges will ask for it.

We can't do anything with that but we still have a choice to buy bitcoin without having kyc through dexes or p2p.

ChiBitCTy

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Unfortunately that's just the way things are going to go from now on out. If you want to cash out of bitcoin and exchange it for your fiat currency, there's just no way around it.

Despite what many think or argue against, this is actually a good thing. Some level of oversight is needed with bitcoin and cryptocurrencies. If we didn't have KYC stuff, the government wouldn't take very kindly to bitcoin.

Vaskiy

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What needs to be done to keep your Identity away is clearly explained in the previous posts. For now you need to make clear, your identity shouldn't be revealed. This is possible having a non custodial wallet and finding a trader who is ready to exchange bitcoin in exchange for gift cards. You can buy gift cards and use an escrow for the transfer of fund. This is the only possible way through which you can stay away from KYC problem.

suzanne5223

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Quote from: r111 on October 06, 2022, 01:51:13 PM

Why reveal my identity to get bitcoins if previously it was not so? it seems that now having bitcoin is associated with identity, and that looks unfortunate. I tried to buy with credit card in pages that promise not to ask for your personal data but it was not so.

I think the problem is from your end because you don't ask any questions on this forum about the so-called exchange before you choose to buy crypto on their site and apart from that, buying crypto on a credit card is not a good idea from my own understanding unless you don't care about privacy and unauthorized use of your credit card.
i will advise you to make use of Kycnot in the future for no KYC trading of crypto.

Quote from: r111 on October 06, 2022, 01:51:13 PM

How can I see the funds I have in a paper wallet created in bitaddress ? I have my public and private code, how can I see the funds or how does it work ?

You can check the funds through the tx ID which I believe the exchange ought to provide for you or you checking the incoming transaction in the paper wallet address.

melody82

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Hi please please don't ever use your private key, for online, it will steal your funds. If you aren't sure, spend more time learning. If someone sends you a private message, be cautions. If they say they can help, just give your private keys, report them for scams.

hosseinimr93

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Quote from: teosanru on October 06, 2022, 02:38:09 PM

You can see the funds by searching the public key in any blockhain explorer

I don't think there's any blockchain explorer working with public key. To see your balance and your transactions, you need to enter your address.
Take note that address is different from public key.

Quote from: teosanru on October 06, 2022, 02:38:09 PM

and you can access it by logging in with your public and private key together in any bitcoin thin client.

Again wrong.
For accessing your wallet, your private key is enough. Your public key is derived from the private key.

teosanru

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Quote from: r111 on October 06, 2022, 01:51:13 PM

Why reveal my identity to get bitcoins if previously it was not so? it seems that now having bitcoin is associated with identity, and that looks unfortunate. I tried to buy with credit card in pages that promise not to ask for your personal data but it was not so.

How can I see the funds I have in a paper wallet created in bitaddress ? I have my public and private code, how can I see the funds or how does it work ?

You can see the funds by searching the public key in any blockhain explorer and you can access it by logging in with your public and private key together in any bitcoin thin client. Talking about revealing identity it's a sad fact but a few people who did scams and frauds are the reason why governments were forced to enforce KYC norms over companies now these companies Don't have any option than to follow the rules or shut down.

spectre71

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Pretty much started before bitcoin. KYC and AML laws.

You can buy person to person.

BlackHatCoiner

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Why you're nowadays forced to reveal your identity to purchase bitcoins, and how you can get the balance of your wallet are two different questions.

Simple answer to the former is: Because of bureaucracy. Bitcoin exists 13 years now, regulators couldn't have not put their dirty hands on it. Mandatory request of personal information means there will be more control over to who buys what, and less tax avoidance, both of which are priorities to them. To opt out (from this central point of failure as well), utilize Decentralize Exchanges (DEX): https://bitcointalksearch.org/topic/newbies-dont-use-centralized-exchanges-5393961

hosseinimr93

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Quote from: r111 on October 06, 2022, 01:51:13 PM

How can I see the funds I have in a paper wallet created in bitaddress ? I have my public and private code, how can I see the funds or how does it work ?

You can enter your bitcoin address in a blockexplorer like blockchair.com and see your balance and your transactions.
Take note that you should keep your private key privately and should never share it with anyone.

r111

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Why reveal my identity to get bitcoins if previously it was not so? it seems that now having bitcoin is associated with identity, and that looks unfortunate. I tried to buy with credit card in pages that promise not to ask for your personal data but it was not so.

How can I see the funds I have in a paper wallet created in bitaddress ? I have my public and private code, how can I see the funds or how does it work ?

Topic: Why reveal my identity to get bitcoins ? (Read 205 times)