Do you have to be 18 to use a Bitcoin ATM?

Carter Charnoski asked, updated on December 22nd, 2020; Topic: bitcoin
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Bitcoin ATM They are probably the safest way to get digital assets for anyone underage because it requires no in-person meetups. You can simply find a bitcoin ATM near you, and go to it, cash in hand. You then trade your cash for bitcoin. Although, ATMs typically have a higher fee than most other options.

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However that may be, can I use Coinbase without SSN?

The thing is you cannot trade more than 10,000$ in capital on coinbase without verifying your SSN.

Without doubt, should I trust Coinbase? While it is never 100% safe to your money on any online exchange, Coinbase is one of the safest web wallets you can use. Coinbase keeps almost 99% of their assets in an offline cold storage that can't be accessed β€” when in cold storage, they cannot be hacked!

Over and above that, how do I buy untraceable Bitcoins?

If you're looking to anonymously buy bitcoin without leaving the house, your best bet is to use a P2P exchange such as Localcryptos or local.Bitcoin.com. There's a range of payment options available, from bank transfer to gift cards and Paypal, and your details will only be disclosed to the seller.

Why do you have to be 18 to buy Bitcoin?

Yes, you can buy bitcoin if you are under 18 years old. However, they don't make it easy. Most exchanges nowadays make it so that you have to comply to their Know Your Customer (KYC) regulations in order to buy bitcoins on their platform. ... That's why popular exchanges like Coinbase do not allow minors on their platform.

2 Related Questions Answered

Why does Coinbase need my ID?

What is Identity Verification? Coinbase uses Identity Verification in order to comply with KYC (Know Your Customer) regulations. KYC is a way of identifying and confirming that a customer is who they say they are.

Do Bitcoin ATMs ask for ID?

Bitcoin ATMs Some BTC ATMs don't require you to disclose your identity and they don't require facial or fingerprint identification. ... In some cases, if you don't have a public address, just select the option of β€œdon't have an address” and the ATM will generate a paper wallet for you (if it supports that feature).
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