Thank you all for your congratulations.
I was thinking of buying bitcoin through CEX this morning but when I read through this thread,I have to do it the way you have advised to avoid any issues on my transactions. Especially,that part that you said instead of sending in a huge sum for exchange,it should be done bit by bit. And also what you said on a new registered account on CEX,how to use it to avoid the account lock. You did pretty good on this...A stitch at hand will save 9.
Yes that's right. If you have just registered on the exchange and want to make a large deposit, then it is better to refrain from such an action. It is better to start with small amounts. Some exchanges like to make surprises and when you try to withdraw funds, some details and conditions are revealed. It is 100 times easier to deposit money on the stock exchange than to withdraw it, you must always remember this.
I never thought to remain anonymous with centralized exchanges, because you suggest to avoid usage of phone number for registration and most of the people (like me) prefer phone number because my mentality was, it will be more safer for us because when we will sign up using our phone number then exchange will trust us more.
You are thinking right. Exchanges assume that the phone number added to the settings is much more trustworthy than just an email and password. Some exchanges even increase withdrawal limits if you add a phone number.
And you mentioned that we should also avoid the use of KYC and you have not made any KYC on any exchange then i am wondering how did you made p2p trades as many exchanges didn't allow that until you complete KYC, well i am so eager to learn about those exchanges which you have mentioned in another thread and i will look into them. This Usage of KYC point, is totally unique to me because i have always thought we cannot use any exchange without performing KYC and when we will complete it we can use all the features of those exchange with security levels.
That's right, without KYC P2P is not available. But I never said anywhere that I use p2p transfers. For example, on the same Binance, when using p2p, it is quite possible to use a purchased verified account, and if the transfer does not affect sepa, but only a debit card, then they do not look at the fact that the information from the binance account matches the information on your debit card.