The Simplest Bitcoin Book Ever Written
KYC >> ID Verification Required
How to Buy KYC Bitcoin (with ID):
NOT RECOMMENDED
- Download the bitcoin-only wallet app (see pg 102 ).
- Select a bitcoin-only exchange.
- Create an account and select a payment method.
- Complete the KYC verification requirements.
- Buy the bitcoin.
- Withdraw your bitcoin to your own wallet.
- Hold or spend your bitcoin as needed.
Be aware that your bitcoin will be forever linked to your
identity
if you buy it this way, thus forfeiting future pseudonymity
with regard to these purchases.
If you choose this method, I recommend finding a reputable
bitcoin-only exchange.
Be sure the exchange allows you to withdraw your bitcoin to
your own wallet!
Exchanges are required by law to 'KYC' you.
They will take your full name, address, social security
number, email, phone number and often a photo of you holding
your ID.
Confirm that the exchange has both phone and email support
for customer service.