Trying to work out how to buy Bitcoin. What's the safest way to do this? I went to sign up for one exchange, but they want a hell of a lot of private information. Is that normal?
Discussion
Hi mate. We used CoinSpot, Swyftx, both are stable but do need the KYC (Know Your Customer) info for govt regulations and fraud. Once you have it, look at a way to secure the assets in a ‘cold wallet’ so it can’t get ripped from the exchange 🤓
I opened a Bitaroo ac. Same as Stakn says, have to do the proof of id stuff, but it’s a good way to kick off before you are ready to hold your own node. Less stress with password protection etc. Good luck, I hope we can build this more in Australia. We have so far to go.