Post
Topic
Board Bitcoin Discussion
Re: Getting around KYC
by
Dunamisx
on 19/05/2023, 11:40:20 UTC
A friend was telling me about: "The mycelium app
has a marketplace section where you type your zip code and you can meet up with local buyer/sellers of BTC to
do a cash transaction in person.

Isn't this weird enough because mycelium is not an exchange but a wallet, there are many things unfolding about all this decentralized wallet or exchanges this day that need more attention to.

for example doesn't fulfill their agreement? Its not as if you could reverse the transfer. I realize I may
be a little paranoid, but this process is new to me!

Same also is with my ecpe here, I don't think this kind of features and functions is what I've been used to seeing, well as for me, it is better to go for the ones we know to be the real exchanges and engage their services while making use of secured cold storage wallet like electrum is more advisable in times of uncertainties like this, better to play safe.