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We require every customer to complete KYC. However, we do not share your personal data with any third parties.
Traders can benefit from KYC crypto. We, as a crypto platform, can, for example, prevent hackers from accessing customer accounts, restore hacked accounts, and protect customer assets.
Regulatory agencies encourage financial institutions and crypto exchanges to comply with KYC and anti-money laundering laws to combat money laundering and illicit crypto trading.
When a customer's account is compromised on a blockchain, there is no way for them to recover assets. A company cannot usually do this because it has no information about the client or the other trading party.
Customers will feel safer with KYC rules in place because they will be able to trace their funds and request reimbursement from crypto exchanges and financial institutions.
If you're thinking about trading crypto, you're better off opening an account on a platform that performs KYC. In the near future, becoming KYC compliant will be a necessity for running a successful crypto trading business.
Most large offshore companies already require verification. Trading anonymously with no identity disclosure is becoming more difficult. Unregulated companies, which may not possess sophisticated security frameworks, also increase the risk for traders.
Thousands of people looking to buy Bitcoin or Ethereum use our platform daily. It is trusted by many, as we are licensed by the Cyprus Securities and Exchange Commission and strictly comply with applicable laws. We have several advantages that will not leave investors and casual buyers alike indifferent. Firstly, all transactions are fast and with low commissions. Secondly, the platform has a simple and intuitive user interface. Thirdly, we have a native token - invest in it to get passive income as a percentage of the platform's profits. Finally, J2TX has a handy mobile app so your crypto assets are always at your fingertips.
J2TX online brokerage platform was created for anyone who wants to buy Bitcoin or Ethereum at a fair price, whether you are a bitcoin investor or a casual buyer. We offer favorable conditions for buying, exchanging and selling tokens to every new and returning user. Although you can't buy Bitcoins from us (completely) anonymously, as the platform adheres to KYC (Know Your Customer) practices, you don't have to provide much documents to prove your identity. We do background checks to protect ourselves and our users from fraudulent bitcoin transactions. We offer to buy Bitcoin (not anonymously) in a fast and affordable way.
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J2TX is a licensed crypto platform supporting BTC and ETH, two of the most sought-after digital assets in the Bitcoin world. Here you can buy, exchange and sell Bitcoin at a really favorable exchange rate. Although our service is called "buy Bitcoin anonymously", you will be required to provide some personal and financial information for further verification. Unlike peer-to-peer exchanges which cannot guarantee that you will get your tokens in full and on time, we are operating in a legal environment and therefore adhere to KYC practices.
Buying Bitcoins anonymously is always a risky venture. Our goal is to provide users with a safe way to buy Bitcoin without the risk of losing money. J2TX does not collect or store any user data. All relevant information is sent to the payment gateway through which BTC purchases, exchanges and sales are made. The payment gateway ensures that your data will not be used for unlawful purposes and will never fall into the hands of third parties.
Track your favorite coins and explore new listings on J2TX.com
Unlike decentralized platforms offering to buy bitcoins anonymously, we adhere to KYC practices to protect your funds. J2TX is a crypto platform approved by the Cyprus Securities and Exchange Commission, the authority in the digital asset world. Transaction fees are as low as 0.95%, well below the industry average. J2TD Token holders can earn up to 50% of the platform's profits without wasting any time or effort. The first transaction comes with 0% commission which is especially beneficial for casual crypto buyers. Finally, J2TX is a full-fledged crypto ecosystem with tons of information and lots of useful tools.
As we require the user to provide their personal data (buying Bitcoin anonymously is not possible on a centralized crypto platform), you need to create digital copies of your documents. Use your smartphone camera to take high quality pictures of your ID, passport, permission permit or driver license. In addition, you also need to take a selfie so that we can verify the photos. At the moment, the platform supports Visa and MasterCard credit and debit cards and you will need to validate your payment tool. So, here are some simple steps you need to follow to buy Bitcoin:
After a few minutes, when your details have been successfully verified, you can confirm the transaction and receive your Bitcoins.
Staying anonymous can be important for some crypto buyers. For example, if you have large crypto savings, you will want to remain anonymous so you don't get hacked and your tokens stolen. However, blockchain is a decentralized distributed ledger protected by strong cryptographic methods. So, it is often your misstep that is the only risk factor. The human element is always the weak link, so do your best to keep the coins you buy safe. Take care of your anonymity online by using pseudonyms. Also, prefer a licensed crypto platform to secure your personal information and crypto savings.
Blockchain is a public database in which all information is stored in an encrypted form. However, there are a few things that any user who chooses to view the transaction history in blockchain can see:
However, there are crypto wallets that support a coin control feature that allows you to choose which addresses you are willing to expose to the public. However, with effort, an attacker can still link the addresses of the same wallet. So, your alternate 'unknown' addresses can become known in the blink of an eye.
The more anonymity you want, the more effort you will have to put into it. You will need a secure web browser with encryption of transmitted data, such as TOR. You can also use a VPN to hide your IP address. More advanced users use the encryption feature to encrypt the PC drive where the crypto wallet data is stored. If you just want to buy a small number of Bitcoins, the best way to do that is through a centralized platform that collects user data. Although you lose your anonymity, your savings will be well protected. The J2TX website has a lot of useful information regarding Bitcoin buying, safe use and storage of tokens.
KYC is an acronym for Know Your Customer, a principle followed by many modern online platforms no matter what field they operate in. KYC is an initiative in general aimed at making the global web better. Recently, there has been an increase in illegal and fraudulent activity on the internet, leading in particular to the theft of Bitcoins and other digital assets from users' wallets. By collecting user data, crypto platforms and payment gateways are able to ensure that they serve people with no prior history of illegal online activities such as fraud, data theft and money laundering. By providing your data to KYC compliant platforms, you are actually contributing to making the internet a safer place.
Bitcoin is first and foremost a technology that aims to make financial products available to everyone. One of the key principles of cryptocurrency is the decentralization of the network where it circulates. Decentralization means that there is no single authority responsible for the oversight and control of the financial system. Instead, every participant in the network is involved in some way in its management (the blockchain consensus mechanism). However, as more and more large companies add cryptocurrencies to their lists of supported payment methods, the role of central regulation by the government is increasing. Therefore, many USD payment gateways typically require user identification documents for verification. In addition, Bitcoin is pseudonymous rather than anonymous. You can still send and receive tokens on a peer-to-peer network without identification documents. However, when buying crypto from centralized marketplaces, you will most likely have to provide a copy of your ID or driving license.
There are several advantages to remaining in an anonymous environment while dealing with crypto - check them out below:
However, there are a few disadvantages to buying crypto anonymously:
Finally, BTC and many other cryptocurrencies are pseudonymous and there is a risk that someone will find a way to link your wallet to your identity.
Bitcoin is not just money of the future. It manifests itself as some kind of asset similar to precious metal, but with no physical representation. That means that you can not only buy, but also sell bitcoins for US Dollar or other national currencies. You can invest into crypto in order to wait until the price goes up substantially and sell it at a profit. You can also become a crypto trader and open short positions to capitalize on price volatility. In any case, if you consider BTC as a way to make money, you need to learn how to find moments when you can sell bitcoin for cash at a profit.
If you are a casual buyer, you may encounter at least four disadvantages of the token. First, its price can change dramatically in the blink of an eye. While the coin is worth just over $21,000 at the time of writing, in 2021 it could be bought for an incredible $70,000. Secondly, there is the risk of hacking. Positioning itself as a more secure system, Bitcoin has survived several high-profile hacks. Third, the cryptocurrency is not yet a ubiquitous means of payment. Finally, BTC is not protected by SIPC, which poses additional risks to token holders.
J2TX follows the latest trends in the cryptocurrency world and has therefore abandoned decentralization in favour of security of funds and user data. There are several platforms offering to buy Bitcoin anonymously, but they too are moving towards using KYC procedures to verify the identity of their users. While BTC is much more private than any national currency, it still does not provide your complete anonymity. On the other hand, decentralized platforms and crypto exchanges cannot give you a guarantee that your funds will be safe. That's why we recommend to use centralized online services, where J2TX shines due to several features - high speed of transactions, negligible fees, reliable protection of personal and financial data, excellent support service.
When we say that Bitcoin is not fully anonymous, we mean that it is still possible to link your crypto wallet to your identity. Blockchain is a transparent database where every transaction is in plain sight. Anyone can access the blockchain and view the history of transactions. Most of the time, the anonymity evaporates due to the crypto users themselves when they lack of knowledge publish their name next to the public address of a crypto wallet. In order to use BTC in a truly anonymous manner, take appropriate measures to secure your crypto account.
Some newcomers consider Bitcoin ATMs as an alternative to centralized platforms because they allow them to buy Bitcoin anonymously. However, BTC ATMs have at least 3 disadvantages to be aware of. First, the ATM network is poorly established, so you will have a hard time finding a kiosk near you. Second, some ATMs collect user data, which goes against the concept of purchasing Bitcoin anonymously. Thirdly, ATMs charge extremely high fees of up to 10% or even higher. So, J2TX is a great option where you can buy digital assets quickly and inexpensively.