Where are you from and what were those exchanges that are requiring you to pass personal information? Maybe try localbitcoins in your area
I am in England in the UK and I say I am looking to buy £20 (any small amount really)
It is a small amount and I am not fussy about the rate/fees.
It really is every website I try. I have tried so many that I now understand that ID verification is normal nowadays.
Problem is I don't know any of these organisations (trading platforms whatever you call them) and I am concerned that they could misue the copies of my ID documents or they could get hacked.
I assume the law has changed recently.
This issue is surely going to inhibit the growth of BTC.
Where you are living? binance can be used even without passing the kyc but with a limit of 2 btc.
can't even sign up without proof of this and that.
Post your wallet and I'll send you ~0.5 mBTC when I have time and access to my wallet . I'm in a good vacation mood today so you are lucky
It's always good to have new people on board.
I might be new but even I know that will not happen
KYC is evil. Never give it to anyone.
Yeah.
Why would I want random people (with my security low on their priority list) having copies of my ID.
AdvancedDogPlop, at least you start with buying hardware wallet which in any case is the correct starting point. Now you want to buy some Bitcoin, but you face the problem with verification (KYC) which is become something quite normal on most crypto exchanges. If you give your personal data always choose those exchanges that have good reputation, or let's say those that are most popular. In general Coinbase, Bitstamp or Binance should be top exchanges you can consider to trade on.
If you want to buy without KYC you have few options :
- To find some forum user : Currency exchange
- To buy using crypto ATM.
- To use LocalBitcoins / find seller and make a purchase in person.
- To sell something for Bitcoin : Goods
- To wait on some donations
Yes I have come the realisation that KYC is the norm even for v small amounts.
My next step is the one hour drive to my nearest ATM and hope it is an ATM that doesn't want to scan my fingerprint etc because I have seen youtube vids of ATM that scan your fingerprint and photo you.
Also for OP: if you only want to test, you can use testnet coins. I don't know if/how Ledger handles testnet, but it's free coins exactly for this. You can google for bitcoin testnet faucets, some work well. Make sure you understand that testnet is another network, with another set of addresses and so on.
Unfortunately Ledger doesn't support them
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