Coinbase

by Haak333

Maybe I'm being a bit thick in asking this but is Coinbase bitcoin really the best way to pay anonymously as the pinned Starter Guide thread suggests? I just tried to make an account now and it asked me for all my personal details. Would it work if I gave fake details or am I just being needlessly paranoid? I live in the UK if that makes any difference.

JBFrizz

Sorry to burst peoples identity bubble here but if it's privacy you're after then download a cryptocurrency wallet like Coinomi or Mycelium onto your phone and google Bitcoin ATM in your area and go have a coffee. Send a few bucks worth of bitcoin to your wallet and you now have your own bitcoin. Now, don't get me started with Monero and true privacy. Coinbase is an exchange that has to follow KYC legislation. They also hold your keys so it's not your bitcoin.

AfterShock

Use the Cash app and enable Bitcoin, that's the quickest and easiest way to get BTC.

zaptor99

I know coinbase is legit, but are you really hiding your identity to IPTV by paying through coinbase if they already have your info?

fooali

It’s a legit service so them asking for proof of ID etc is no different to any other financial service provider so I wouldn’t give out any fake details if I were u.

[deleted]

I use coin base. I have pumped over $10,000 into them. No issues.

TanHammer

I explored this topic recently and my conclusion is that it's impossible to pay anonymously unless you obtain the initial bitcoin via cash/mining and use a wallet that doesn't require ID to setup. The transaction is always tracable back to the inital source of bitcoin. Using a normal wallet to send the bitcoin to an anonymous wallet which is then used to pay for services may make it more difficult to track back but it's not going to stop anyone determined.

yerdunclelarry

Coinbase is legit. Use it for online poker withdrawls and deposits never had issues

rockstarcadavers

+1 - no issues with Coinbase.

LickMyKnee

Coinbase is grand.

ixkronikxi

I believe in order to get to level 3 of Coinbase, you have to provide a government ID to be able to send Crypto from wallet to wallet. However, you’re sending from wallet to wallet without an invoice as to what you’re actually sending money for