A couple years ago I wanted some crypto (for reasons I think this site would appreciate, but I'll say no more) and ran into all the KYC bullshit. I was looking into getting some via btc atm's instead but found that actually cashapp did not require any of that. I only had to provide what any regular user of it has to provide like drivers license or something, but I didn't have to jump through any of the hoops that the big exchanges were requiring. I don't mean to shill for fucking cashapp, but unless they changed their policies recently, thats maybe something to look into for easy access to bitcoin. I don't know how they were able to avoid the KYC requirements, but they did. Obviously anyone transferring btc and wanting to be anonymous shouldn't be using a cashapp account to do so, but thats solved by sending it first to an intermediary wallet.
Hilariously, this is the one and only legitimate use for cryptocurrency. :agony-4horsemen:
Of course, the recipient would also need some way to spend that cryptocurrency, but it's still not accepted at almost any real life shops.
Just sell it right away. At this point you can get money for your crypto straight from PayPal if you really wanted to.
It's pretty difficult especially with small amounts. You've to fill KYC docs and shit.
There's also fees.
A couple years ago I wanted some crypto (for reasons I think this site would appreciate, but I'll say no more) and ran into all the KYC bullshit. I was looking into getting some via btc atm's instead but found that actually cashapp did not require any of that. I only had to provide what any regular user of it has to provide like drivers license or something, but I didn't have to jump through any of the hoops that the big exchanges were requiring. I don't mean to shill for fucking cashapp, but unless they changed their policies recently, thats maybe something to look into for easy access to bitcoin. I don't know how they were able to avoid the KYC requirements, but they did. Obviously anyone transferring btc and wanting to be anonymous shouldn't be using a cashapp account to do so, but thats solved by sending it first to an intermediary wallet.
not if you're buying and selling on a trading website though.