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There are a lot of options to easily, fast and comfortably buy your first Bitcoin. There are several grades of KYC with an increasing amount of private information you have to disclose. Bitcoin is money, but to buy Bitcoins, you need to send money to someone else. This online-bank partners with Bitcoin. Marcus van Esveld. While these are options you could use, it is worth to look for further options available in your country. Some larger exchanges have replaced customer funds after a theft from the exchange itself, but at this stage, they are not legally obliged to do so. This guide starts with explaining what options you have to disclose private information or not disclose it and what payment channels you can use. Step-by-Step Examples. Since Bitcoin transactions are saved publicly visible on the blockchain and can be traced back, the degree of private information you disclose with buying Bitcoins can have serious implications on your privacy. This is comfortable, but the relatively expensive method to buy Bitcoins.

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