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Author Topic: While using bitcoin there should be privacy  (Read 609 times)
Oshosondy (OP)
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Gamble responsibly


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July 26, 2020, 09:00:25 PM
 #41

In past was easy to get bitcoin and not link your identity to the coins. Nowadays is much harder and it all looks in future it will be close to impossible. Bitcoin and private simply have little in common. People in countries where privacy is tradition will avoid using Bitcoin. People in countries where privacy is not tradition will widely use Bitcoin in the future.
I will first say bitcoin is not anonymous right from the beginning, but privacy can still be of high standard even till today. If you use another address for another transaction makes only a single address fee traced to your wallet. You can still buy on some exchanges that require not verification, certain amount of bitcoin can be bought on bitcoin atms without any verification needed. Only novice are the ones using wallets and exchanges that require verification.

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masulum
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hmph..


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July 27, 2020, 04:35:48 AM
 #42

You can still buy on some exchanges that require not verification, certain amount of bitcoin can be bought on bitcoin atms without any verification needed. Only novice are the ones using wallets and exchanges that require verification.

Yes maybe we can buy bitcoin through an ATM with Fiat without identity or buy with a DEX exchange. However, not all can do this in several countries. Including in my country, to withdraw from crypto to fiat, exchange applies KYC at any value. This then makes not all who trade with bitcoin can maintain full privacy. We all need privacy and maybe lot of crypto user don't want to do KYC, but when it comes to dealing with the government, we have to do anything. Except in countries that accept bitcoin not only as commodity but legal as currency, full privacy can be happened.

HOLD...
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