I never used cryptocurrency, but wanted to try it so I went around the web to try and learn. Here’s what I don’t understand:
It seems in every case in order to initially buy cryptocurrency I have to give personal information, birthday, name, address, telephone…just like if I were to apply for a credit card. And I have to give it to a company that I never heard of, that I probably trust less then my bank, my ISP, or Paypal.
So what’s the privacy about? It hides my personal info from a seller I’m buying from? Is that all? I guess I can see it if I’m buying something with Tor and a seller doesn’t give full disclosure themselves, guess I’d feel safer…maybe. But using cryptocurrency on the “regular” Internet for an “routine” purchase. What’s the point?
Be grateful if you could explain. Thanks.