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A comment on Tesla buys $1.5B in Bitcoin, may accept it as payment in the future. Parent comment

Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by Sohcahtoa82 on Monday February 08, 2021 @07:12PM (#26072165)
> you need specific forms of ID to open an account

To start using Bitcoin, you don't need any ID. You can download, install, and use the normal Bitcoin client.

You only need ID to open an account on an exchange, and that's because exchanges have to follow Know Your Customer laws just like banks. But if you sell something for Bitcoin, you can accept it without an account anywhere.

You only need an account somewhere to convert between fiat and Bitcoin, and even that can be avoided if you find someone willing to sell you coins for cash.

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Re:Tesla buys $1.5B in Bitcoin, may accept it as payment in ... by vesinisa on Tuesday February 09, 2021 @05:17AM (#26075783)
Yes, any one can transact in Bitcoin quite trivially. But as soon as you want to use it for anything practical outside the tech bubble, you need an account on an exchange. At that point Western Union is probably easier for most people.
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