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How can I buy anonymous coins on Coinbase with 572k in my account?

avatarRobb GloverNov 28, 2021 · 3 years ago3 answers

I have 572k in my Coinbase account and I want to buy anonymous coins. How can I do that on Coinbase?

How can I buy anonymous coins on Coinbase with 572k in my account?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    To buy anonymous coins on Coinbase with 572k in your account, you can consider using a privacy-focused cryptocurrency like Monero or Zcash. These cryptocurrencies offer enhanced privacy features that can help you maintain anonymity while transacting. Simply go to the Coinbase platform, search for the desired anonymous coin, and proceed with the purchase using your available balance. Make sure to follow the necessary steps to ensure your privacy and security.
  • avatarNov 28, 2021 · 3 years ago
    Buying anonymous coins on Coinbase with 572k in your account is not possible. Coinbase is a regulated exchange and requires users to comply with KYC (Know Your Customer) regulations. This means that you need to provide identification and personal information to use the platform. If you are looking for anonymity, you may want to consider using decentralized exchanges or privacy-focused platforms that do not require KYC verification.
  • avatarNov 28, 2021 · 3 years ago
    While Coinbase does not directly support anonymous coins, you can consider using a decentralized exchange like BYDFi. BYDFi allows users to trade a variety of cryptocurrencies, including anonymous coins, without the need for KYC verification. With your 572k in your Coinbase account, you can transfer the funds to BYDFi and start trading anonymously. Keep in mind that decentralized exchanges may have different liquidity and user experience compared to centralized exchanges like Coinbase.