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Showing 5 of 5 results by peterpan2k
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Topic
Board Bitcoin Discussion
Re: Too dumb to undrstand
by
peterpan2k
on 25/07/2020, 05:14:52 UTC
Will do. Thank you!
Post
Topic
Board Bitcoin Discussion
Re: Too dumb to undrstand
by
peterpan2k
on 25/07/2020, 04:45:39 UTC
Thank you guys. Ye all are truly amazing! I really appreciate the education! I have signed up for localcoinswap so I guess now I have to find someone "trustworthy" to send him/her $ and hope that they'll deposit the equivalent bitcoins into my localcoinswap account/wallet. It's a "coin toss" really...coz I can send the $ through say "western union" to someone, they get the dough and never deposit the coins in my wallet! Is there any way to minimize my risk here? Thanks
Post
Topic
Board Bitcoin Discussion
Re: Too dumb to undrstand
by
peterpan2k
on 25/07/2020, 03:04:01 UTC
Ok, I just tried signing up for binance, but it directed me to US site and asked to register there! At the reg page it says I have to prove to them that I'm a US citizen, which means they want my full info lol. Furthermore, even I go through the reg phase, how would I pay for btc's? Again, they'll have all my bank info! So back to ground zero Smiley what's the advantage of cryptocurrency if my transactions are transparent and my real info is traceable! To me you can either conduct a transaction anonymously or you can't. pseudo-anonymous, doesn't mean anything. Not that I'm trying to do anything crazy here, all I'm trying to do is a buy a stupid vpn service and pay for it in cryptocurrency, so we're only talking about $50 or $100, if at all. Thanks.
Post
Topic
Board Bitcoin Discussion
Re: Too dumb to undrstand
by
peterpan2k
on 25/07/2020, 02:00:28 UTC
Thank you all for the the info. Looks like I have to do some more research on the subject and educate myself on it. The site in question is called "coinbase". But here's another one for you... If I'm to get cryptocurrency online, I'm obviously not paying cash for it, so whether the purchase is made through company abc or xyz, they'll have my info, (i.e. my cc or PayPal, etc...) IOW, that's a traceable coz that how I'll most likely end up paying for these coins... Cheers!
Post
Topic
Board Bitcoin Discussion
Merits 4 from 3 users
Topic OP
Too dumb to undrstand
by
peterpan2k
on 25/07/2020, 01:13:30 UTC
⭐ Merited by o_e_l_e_o (2) ,nutildah (1) ,vapourminer (1)
Hey guys/gals, maybe I'm too dumb to understand how BC really works, but I just signed-up on a BC site and before I can purchase a few coins, I was asked for all my REAL information, including last 4 of my SS#, address, and even a bank account to link my BC account to! So I'm scratching my head, "how can this be anonymous" they know everything about me and if I buy anything using that BC account, I just opened, it'll be just as transparent as buying w/ cc lol. Again please forgive my ignorance, but can someone briefly explain how can any transaction from a BC account be anonymous, if they collect every piece of information about you before allowing you to open an account! Thanks!