[admantis]

It depends on the country. I have my account and initially I didn't have to verify my account in order to receive or send cash, so it depends on your country's laws and policies. However, if you keep the account unverified you can get blocked for international money traffic unless you're a verified Business type account (or Premier). Also, don't put a fake country or address, because when you get blocked you WILL have to call them and they reserve the right to keep your account blocked with all your money in it for breaking their Terms of Service.

So basically, if you want to use PayPal please read the ToS carefully and link your account with a bank account or a credit card.