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S

Strangeasangels

Student
May 23, 2019
111
Sorry I am new to this. And how do I use bitcoin? Is bitcoin better than Western Union?
 
Stan

Stan

Factoid Hunter
Aug 29, 2019
2,589
Two different things. Western union is a traceable money transfer and bitcoin is anonymous
 
S

Strangeasangels

Student
May 23, 2019
111
Is BitCoin instantaneous? How do I set it up? Someone please PM me. I would be very grateful. I am struggling...
 
L

LMFAO FOCKERS

Lost in Aokigahara
May 26, 2019
528
Two different things. Western union is a traceable money transfer and bitcoin is anonymous

Bitcoin is only anonymous if you use an exchange that does not require ID. The main exchanges all require ID to buy/sell BTC. There are a handful of exchanges that only require an email and/or phone number. However due to all of the theft and money laundering that's occurred over the past few years the last of the exchanges are being required by country level authorities to make changes to crack down on illegal transactions.

If you plan to buy anything anonymously I'd recommend you do it sooner rather than later.
 
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JimFord99

JimFord99

Enlightened
Aug 18, 2019
1,047
Bitcoin is only anonymous if you use an exchange that does not require ID. The main exchanges all require ID to buy/sell BTC. There are a handful of exchanges that only require an email and/or phone number. However due to all of the theft and money laundering that's occurred over the past few years the last of the exchanges are being required by country level authorities to make changes to crack down on illegal transactions.

If you plan to buy anything anonymously I'd recommend you do it sooner rather than later.
Good point.
 

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