Quote from: mk4 on May 19, 2024, 08:26:21 AM

Quote from: Real FB on May 19, 2024, 07:35:03 AM

thank for information but do i must use KYC and driver license to buy bitcoin? sorry if it sounds stupid but I am totally fresh and am afraid to get scammed. I know binance but they say I must do KYC and it seems a bit sketzy?

You're required by law to submit AML/KYC if you're using a big centralized exchange or literally any finance-related platform(even banks, as you probably know); this applies to like probably 95% of countries globally.

If you're not a fan of AML/KYC, go with peer-to-peer exchanges like Bisq and HodlHodl.

OP, while @mk4 have made valid points of clarity about the necessary wallets that maybe recommendable for you, let me also let you know that for now that you are coming in as a beginner, I advice you venture on a long term goal so that you can protect your interest of selling at a lower value where losts maybe accounted if you are too desperate to sell your Bitcoin in a short term and so also, venturing on a long term goal would provide you with an unpanicking emotions even when the market price goes against your target. Note it that Bitcoin is a volatile digital currency with the potentials of UPs and DOWNs.

So clearly speaking, holding is the best and for that in the main time, you do not need to have your assets stored on the Centralized exchange such as the Binance for security purposes. Right in the decentralized exchange you can purchase your Bitcoin either on a P2P and have your assets stored on a more reliable non-custodial wallets as @mk4 has recommended.