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RE: Step By Step: Getting Your Bitcoin Cash out of a Bitcoin Paper Wallet

in #cryptocurrency7 years ago

I checked out bittrex dot come and bitconnect dot com and each will not continues with sign up without a number :( now I know they are not part of steemit but still how does one learn to reinvest or after a while cash some out ? this is all new to me and I would hate to mess up.

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Ah, I see. You're talking about exchanges where you want to sell your cryptocurrency for local currency. Unfortunately, this isn't easy to do because of government KYC (Know Your Customer) laws. See governments have a monopoly on currency creation within their region and they don't like giving up monopolies. They want to know what ever dollar is spent on to ensure they can squash any threats to their power (of course, they say it's about fighting terrorism and evil money laundering). So they don't allow money to transfer from one form to another unless they can track it. It's like a mafia group who wants to ensure they get their cut of the action (i.e. taxes). Pretty messed up, right?

You can try localbitcoins.com, but that's mostly just for bitcoin. I'm not sure of any exchanges which you can use which don't require some form of identity verification.

Good luck.

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