First time crypto currency user - Help

[reti001]

Hi all,

I've never had anything to do with cryptocurrency before, so I need some help.

I'm wanting to buy something online that accepts the following payment methods:
Bitcoin, USDC, USDT, USD Coin, Ethereum.

I need an exchange/service and wallet that doesn't require ID. It's only roughly about $250 worth I need.

Is there anything out there? I've signed up to a few places just to find out that they need ID and I'm getting sick of signing up now so I thought I'd best ask people who know.

Thanks

[_act_]

You can use https://bisq.network/

You can read more about the services that you can use from here: https://kycnot.me/

You can still have level 1 verification which will not require your ID document on BitMart and withdraw up to 0.5TC daily.

[reti001]

That's great. Thank you.

I created an account on Bitmart. Looks pretty straight forward. Does that site also act as a wallet for storing the currency? Once obtained, I can send it etc or do I now have to find a wallet without restrictions that I do not need ID for?
I notice that Bitmart keeps a balance, so how would I then use that balance to send to a wallet to buy something?

Sorry if I have got things wrong. I am a total beginner with crypto stuff.

[seoincorporation]

That's great. Thank you.

I created an account on Bitmart. Looks pretty straight forward. Does that site also act as a wallet for storing the currency? Once obtained, I can send it etc or do I now have to find a wallet without restrictions that I do not need ID for?
I notice that Bitmart keeps a balance, so how would I then use that balance to send to a wallet to buy something?

Sorry if I have got things wrong. I am a total beginner with crypto stuff.

Is a bad practice to hold the coins on a exchange because that way you are not the owner of your coins even if they are in your account, they can get hacked, the exchange can lock your account, or the exchange can close.

The wallet I recomend for you is atomic wallet, google it and you will find a lot of info, I. That wallet you can hold different coins, that's why I recomend that one.

[Doan9269]

I've never had anything to do with cryptocurrency before, so I need some help.

I'm wanting to buy something online that accepts the following payment methods:
Bitcoin, USDC, USDT, USD Coin, Ethereum.

You may have a look on some of these platforms where you can make use of bitcoin in buying of commodities online, this has already been discussed on the forum by members and the link from below explain more on the available organizations and platforms to use online for this purpose.

where to spend bitcoin
https://bitcointalk.org/index.php?topic=5467964.msg62902489#msg62902489

I need an exchange/service and wallet that doesn't require ID.

Make use of a decentralized exchange like bisq, it requires no kyc and you can rely on their service on that.

[reti001]

Understood. Downloading Atomic wallet now. From what I've briefly read, ID is not required. Thanks for your assistance.

[Peanutswar]

Welcome to the community good to see you are interested in crypto, base on my experience I'm using Binance it support different coins and also p2p to make you more less hasle with the transaction into your fiat currency, in terms of wallet I don't recommend storing your asset in the exchange ideally use a hot wallet like the electrum and if you want to use cold wallet or those hardware wallets and good for holding long term currently I'm using a Trezor wallet they have an app too and supported among your listed coins.

[reti001]

Welcome to the community good to see you are interested in crypto, base on my experience I'm using Binance it support different coins and also p2p to make you more less hasle with the transaction into your fiat currency, in terms of wallet I don't recommend storing your asset in the exchange ideally use a hot wallet like the electrum and if you want to use cold wallet or those hardware wallets and good for holding long term currently I'm using a Trezor wallet they have an app too and supported among your listed coins.

Thank you. I had a look at Binance, it looks like it requires ID. I'm not being sneaky, I just literally don't have the type of ID these places require that's all, and I don't really want to spend the 70 or so needed to get one.
As someone else recommended I downloaded AtomicWallet. Seems to be ok for what I need it for. Thanks for replying.

[Lucius]

~snip~
The wallet I recomend for you is atomic wallet, google it and you will find a lot of info, I. That wallet you can hold different coins, that's why I recomend that one.

Maybe you weren't among those unfortunate people who were hacked using that wallet, or maybe you don't know that it happened at all - in any case, I don't agree that it's a good choice. Even if you are giving advice, it might be wise if you posted a direct link, because there are a lot of fake versions of this wallet that very easily appear in the search results.

Last year, security audit company Least Authority warned in a blog post that Atomic Wallet may have been vulnerable to breaches. According to Least Authority, issues included the way Atomic implemented cryptography, that it did not adhere to the best practices for wallet design, a lack of robust project documentation and incorrect use of Electron, a framework for building desktop applications. The firm has since taken down the post.

[reti001]

Oh no. That's not good about Atomic wallet.

I will have to take a look at Electrum wallet then. Does anyone know if I need ID to send bitcoin using that wallet?

As for buying bitcoin, I've been advised to buy a Bitcoin voucher from G2A. Then I can just redeem it to my wallet and I won't need ID. If anyone has any comments about that please do say.

EDIT: Apparently I'll need ID to redeem the voucher code. This is becoming a nightmare. I looked at Paxful for a P2P exchange but the reviews are awful. Can anyone please recommend a P2P place that's trustworthy?

[Potato Chips]

I will have to take a look at Electrum wallet then. Does anyone know if I need ID to send bitcoin using that wallet?

No such thing needed in electrum. Make sure you're on the right website-- electrum.org

EDIT: Apparently I'll need ID to redeem the voucher code. This is becoming a nightmare. I looked at Paxful for a P2P exchange but the reviews are awful. Can anyone please recommend a P2P place that's trustworthy?

Have you taken a look at https://kycnot.me/?t=exchange&q=&fiat=on suggested above? Peach bitcoin and hodlhodl among the list are beginner friendly. It's not listed but afaik there's no mandatory kyc on localcoinswap.com as well

Alternatively, you may try to find someone in Currency Exchange board as well, see: https://bitcointalk.org/index.php?board=53.0

But make to hire an escrow or transact only with reputable members. See escrows: https://bitcointalk.org/index.php?topic=5047302.0

[logfiles]

EDIT: Apparently I'll need ID to redeem the voucher code. This is becoming a nightmare. I looked at Paxful for a P2P exchange but the reviews are awful. Can anyone please recommend a P2P place that's trustworthy?

I don't know which country you are from but try to explore bisq 2 (it's beginner-friendly vs Bisq 1) for any offers from your region. Please note that Bisq 2 is still in beta phase, but it's the best decentralized p2p exchange out there. The problem is there are still very few offers there.
You can also look into localcoinswap, HodlHodl, robostats etc. All of them with not require you to carry out any ID verification.

The wallet I recomend for you is atomic wallet, google it and you will find a lot of info, I. That wallet you can hold different coins, that's why I recomend that one.

@seoincorporation atomic wallet is one so the worst close sourced wallet you can recommend a newbie. Some of its users even suffered lose of their funds so time back.

[Lucius]

~snip~
I will have to take a look at Electrum wallet then. Does anyone know if I need ID to send bitcoin using that wallet?

Most desktop/mobile wallets are free and do not require any verification or ID, and in addition to the already mentioned Electrum, I can also recommend BlueWallet (https://bluewallet.io/). If you plan to get serious with cryptocurrencies, then I suggest you consider buying a hardware wallet, because that way you will have much more security when it comes to storing funds, but also in your transactions, considering that you need to confirm each action by pressing a physical button.

[Catenaccio]

Most desktop/mobile wallets are free and do not require any verification or ID, and in addition to the already mentioned Electrum, I can also recommend BlueWallet (https://bluewallet.io/). If you plan to get serious with cryptocurrencies, then I suggest you consider buying a hardware wallet, because that way you will have much more security when it comes to storing funds, but also in your transactions, considering that you need to confirm each action by pressing a physical button.

If retire001 needs more wallets to choose, get them with https://bitcoin.org/en/choose-your-wallet

retire001 can practice with this https://walletscrutiny.com/, first check Blue wallet, and see how their reviews on it, and apply for checking other wallets if retire001 is unsure that is a good wallet to use like is it non custodial, is it open source.

Review on Blue wallet. It's generally good but only one minus, Blue wallet is close source and unreproducible.
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=blue%20wallet

[GIF-JOBS]

That's great. Thank you.

I created an account on Bitmart. Looks pretty straight forward. Does that site also act as a wallet for storing the currency? Once obtained, I can send it etc or do I now have to find a wallet without restrictions that I do not need ID for?
I notice that Bitmart keeps a balance, so how would I then use that balance to send to a wallet to buy something?

Sorry if I have got things wrong. I am a total beginner with crypto stuff.

Is a bad practice to hold the coins on a exchange because that way you are not the owner of your coins even if they are in your account, they can get hacked, the exchange can lock your account, or the exchange can close.

The wallet I recomend for you is atomic wallet, google it and you will find a lot of info, I. That wallet you can hold different coins, that's why I recomend that one.

Yes, I totally agree with you, keeping our money in exchanges is full of risk, your exchange can be closed due to various reasons, they can even band your exchange without any notice, then you have nothing to do, moreover in exchange Keeping money in them is not completely safe, your money can be hacked from there. Exchanges will not provide complete security to your money. So you should better hold your money in a wallet. Again you can definitely create atomic wallet as suggested by @seoincorporation brother. I totally agree with @seoincorporation brother.

[Pandorak]

[...] Is there anything out there? I've signed up to a few places just to find out that they need ID and I'm getting sick of signing up now so I thought I'd best ask people who know. [...]

Bisq is the best by far, but since you want for altcoins like ethereum too, so you better go to a CEX that doesn't require ID to trade like CoinEx or MEXC. I've used them & it really doesn't require doing KYC, it's just that there are different limits on users who do KYC & don't. Or if you want to find out more, you can check out this article from Koinly ^[1], it compiles the 15 best exchanges that don't require KYC.

[1] https://koinly.io/blog/top-no-kyc-crypto-exchanges/

[SquirrelJulietGarden]

so you better go to a CEX that doesn't require ID to trade like CoinEx or MEXC.

MEXC exchange no longer provides their service if users don't complete KYC to start deposit and trading.

If your account is not KYC completed, you will see this message.

Complete KYC Verification

To further enhance the security of user accounts and assets, and better protect the rights and interests of our users, please complete KYC verification before proceeding with spot/futures trading. Thank you for your understanding and support!

You can choose to do Primary KYC or Advanced KYC. With Primary KYC, you will need to submit Government-issued ID that is simple but MEXC exchange is no longer KYC-free.

[PrivacyG]

Any chance you have a Bitcoin ATM locally?  There still are ATMs around the World with no Know Your Customer requirement for purchases.  Most of them now ask for ID when you want to Sell your Bitcoin, but I find a few of them still do not ask when Buying.  Just make sure the ATM hundred percent does not request Know Your Customer information.

The other alternative that does not involve any of your Bank, PayPal, Revolut or other such personal Accounts would be doing something such as purchasing Gift Cards or Vouchers and Trading them for Bitcoin on this Forum.  Mycelium also had a Peer to Peer option a while ago where you could find local Sellers.  Though I would advise you to be very cautious considering it would be a face to face meet.

[Pandorak]

[...]

MEXC exchange no longer provides their service if users don't complete KYC to start deposit and trading.

If your account is not KYC completed, you will see this message.

Complete KYC Verification

To further enhance the security of user accounts and assets, and better protect the rights and interests of our users, please complete KYC verification before proceeding with spot/futures trading. Thank you for your understanding and support!

You can choose to do Primary KYC or Advanced KYC. With Primary KYC, you will need to submit Government-issued ID that is simple but MEXC exchange is no longer KYC-free.

I wasn't aware that they no longer support trading without KYC, the last time i used their platform was a few months ago, i thought it was still a CEX without KYC. Even so, there are still other platforms that support without KYC, i have also provided proper references so OP can check directly. These days it is difficult to find a platform without KYC, because there are also many suspicious activities behind it. Luckily there are still some who offer this & also have high credibility.

[Crypto Library]

Understood. Downloading Atomic wallet now. From what I've briefly read, ID is not required. Thanks for your assistance.

Have you completed your exchange ?
If not then I would like to suggest you to use the https://exch.cx/ for exchanging the BTC, USDT, Litecoin Ethereum, DASH. I have used it several times and the interesting thing is you don't even have to any registration for using this exchanger. It has the Automatic cryptocurrency swaps features. And I love to use it from litecoin to Bitcoin exchanging and it takes only 0.5% fees for exchanging.