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account or give ShapeShift any personal information. Here are two examples where users got screwed by leaving bitcoins with a third party: And there are many more I could list. If you dont have a wallet yet, learn more about Best CryptoCurrency wallet now. You can read through our Bitcoin wallet guide to find a wallet. The platform issues small fees for transactions.

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It is not uncommon for unscrupulous bitcoin exchanges to steal their users credit card information and other sensitive data. All users need to do to use CoinMama is to set up an account, log in, and navigate to the profile page section to fill in personal information. Want to trade bitcoins? Users will also be required to verify their phone number and email address. It's possible to buy bitcoins with no ID on LocalBitcoins either by buying bitcoins with cash deposit or meeting in person and trading cash. About two years ago, people used to laugh at the person who wanted to exchange Bitcoins for a few dollars.