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Author Topic: Wallets that don't require identity verification  (Read 323 times)
Pmalek
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July 08, 2021, 08:41:58 AM
 #21

Would not make sense to purchase a device of $60 - $200 price range if storing only a couple bucks on it.
It depends. Are those couple of bucks all that you will ever store on it? I think most people have plans to increase their crypto stash with time. So even if you start of with owning only $10 worth of bitcoin, it does make sense to purchase a hardware wallet straight away if that amount will increase by another $X amount after every week/paycheck, etc.

I agree with you that it wouldn't make sense storing a tiny amount which is smaller than the value of the device if you aren't going to add more to it. In that case, I would look for a suitable non-custodial and open-source mobile or software wallet depending on which of my devices (PC or phone) I trust more to be secure and malware-free.   

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Jawadu
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August 10, 2021, 02:48:11 PM
 #22

I am using trust wallet to store my coins, and I use exchanges like binance, gate, and coinbase to store some amount of coins online. I do not recommend online wallets because many of them are not safe unless you store your money on payment gateways like Coinpayments because I am using it for buying goods and I did not do KYC.
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August 11, 2021, 03:07:53 AM
 #23

~ are not safe unless you store your money on payment gateways like Coinpayments because I am using it for buying goods and I did not do KYC.
Storing anything with any third party is never safe and them having KYC or not doesn't change this fact. Their service can go under at any moment for any reason or your account can simply be targeted individually to either be shut down by the company itself or be hacked by some hacker.

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yasj
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August 11, 2021, 05:34:46 AM
 #24

Hello everyone can you please recommend me reliable online wallets that do not require identity verification. In the future I will buy a hardware wallet like Treasure but for now I am looking for temporary free wallet. Thank you.

Go for the defi wallets like Coin9 and Coinmama.
Pmalek
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August 14, 2021, 10:52:35 AM
Merited by pooya87 (2)
 #25

Go for the defi wallets like Coin9 and Coinmama.
Since when is Coinmama a DeFi type of wallet?

And besides, Coinmama does require verification before you can use their services. But they have 2 levels of verification. With Level 1, you can buy and sell crypto. They have an upper limit of $15.000. To increase that, you need a Level 2 verified account.

Read more about it here > https://www.coinmama.com/blog/how-to-get-verified-for-coinmama-level-2/.

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