Almost every website has banned the US from buying bitcoins!

Lenore

full member

Activity: 168

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: CryptoTrout on September 11, 2015, 02:19:11 PM

It is still pretty easy to buy bitcoins lol

If you have already been buying. For a new buyer they want to know your whole life story. I mean some of these sites want everything. Including employment history, SSN, proof of address, I mean the same info you need to buy a house. Buying a car or a house is now easier then purchasing BTC.

They say that BTC and others are decentralized but it is not going to stop them from implementing laws that will restrict them there for making the decentralized manner relatively useless. Besides the fact that they cant control the flow besides making it harder to buy or sell to USD or other Fiat currencies.

We need a solution or a county who doesn't care or a means of buying and selling without restriction. Restrictions are good in some cases but in this case they are making companies make it harder on us buyers. Even though I am not a buyer because of it.

I don't know maybe i'm rambling bu there needs to be a means to a resolution. Otherwise why even deal with BTC. Just use USD.

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: OneandOnly22 on September 01, 2015, 07:50:50 PM

Virwox, 24/7 exchange, Coin Mama, cex.io, is there any way to buy a decent amount of btc anymore?

Register and use coinbase as your bitcoin wallet and from there can be bought and sold bitcoin in many states of United States and from many other countries. Go to their site and see if the place where do you live is part of the places from when can be bought or sold bitcoin.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: Electric Money on September 02, 2015, 12:52:11 PM

These are probably sites that don't want to comply with US banking/finance laws. There's probably a reason for that lack of compliance.

There is, indeed, a reason for that lack of compliance - but different from what you are insinuating. Actually, the US has pretty weak regulations, depending also on which state you are working in. The main problem is: If you run, for example, an operation in Europe and have US-clients, the US tends to look for a way to force you to implement US laws. So for example: If your company is regulated by country xy, you comply with all regulations, you implement AML, KYC and ATR, your being supervised by a several regulatory bodies and do everything right - you better do not do any business with US clients and make sure you don't have any investors from the US. Otherwise, it may be possible that all the sudden you have to change the whole system and make sure that it works according to US laws - which could conflict with the law of the country you are operating in.

This all started with Sarbanes-Oxley Act, continued with Fatca and has not ended since then.

So in short: If you have a company in a jurisdiction which is Bitcoin-friendly, you better avoid clients from the US.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: CryptoTrout on September 11, 2015, 02:19:11 PM

It is still pretty easy to buy bitcoins lol

also USa have a very cheap electricity in soem country, then can simply buy asic miners and earn bitcoin directly, there is no even the need to buy anything

it's also more anonymous, i would definitely choose that route if i was in the USA

knightkon

hero member

Activity: 588

Merit: 500

Quote from: gentlemand on September 06, 2015, 08:36:58 PM

Quote from: Wapinter on September 06, 2015, 04:29:51 PM

Thats a very bad news for bitcoin.If US government come down heavily on BTC,other countries will definitely follow the suit

They're not coming down heavily. They're just implementing the same laws that apply to every other type of financial service. It shouldn't come as a surprise to anyone.

Not only do I agree with this comment, but this is what needs to happen. I know this is a pain, but it is a growing pain that will make the security of the bitcoin currency more legit and more acceptable. Some people are on here being concerned with their involvement, but in order for it to become more acceptable as a currency, you need that involvement. There are not enough people int he world who trust one another which will let the system support itself, so you need governments to make it known that they are going to regulate what they can in order to consider it a valid form of currency. Larger companies will not take Bitcoin seriously because they have no trust. At the same time, these companies give false faith in the government process and when the government recognizes something, they follow suit. In my opinion, this is a step that Bitcoin needs in the right direction. Like someone else said in their post, if the US government cracks down on Bitcoin, so will other governments, following suit; the same goes for it the other way around. When the US government stands behind Bitcoin a s form of currency, then other countries will also follow suit. All just my opinion.

CryptoTrout

hero member

Activity: 706

Merit: 500

https://twitter.com/CryptoTrout

It is still pretty easy to buy bitcoins lol

siwakotisaurav

sr. member

Activity: 577

Merit: 283

I'd say its the other way around, US is banning almost every site('s users) to buy bitcoins.

butdabass

full member

Activity: 152

Merit: 100

not just on US,many country just serve a bitcoin selling,not buying..

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

Quote from: OneandOnly22 on September 01, 2015, 07:50:50 PM

Virwox, 24/7 exchange, Coin Mama, cex.io, is there any way to buy a decent amount of btc anymore?

Circle.com or Coinbase.

ajaxmoor

legendary

Activity: 1372

Merit: 1000

I recently bouht bitcoins using Virwox, didn't seem to have a problem buying from US. I think Circle is an open option too.

fractureproof

newbie

Activity: 16

Merit: 1

I've had good success buying via Wire Transfer on Bitfinex and Coinsetter. You do need to send them ID and stuff so they comply with US banking laws, but both were pretty quick to set up. Also used Coinbase, but my limits are very low and takes a week to get even that! (On positive side, you don't need wire transfer, can attach your bank account like PayPal).

Vegas To Macau

member

Activity: 100

Merit: 10

We've been advising our customers at Vegas To Macau to Circle.com, seems to work well for US BTC users.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: Wapinter on September 06, 2015, 04:29:51 PM

Thats a very bad news for bitcoin.If US government come down heavily on BTC,other countries will definitely follow the suit

They're not coming down heavily. They're just implementing the same laws that apply to every other type of financial service. It shouldn't come as a surprise to anyone.

Wapinter

legendary

Activity: 2688

Merit: 1026

Hire me for Bounty Management

Quote from: OneandOnly22 on September 01, 2015, 07:50:50 PM

Virwox, 24/7 exchange, Coin Mama, cex.io, is there any way to buy a decent amount of btc anymore?

Thats a very bad news for bitcoin.If US government come down heavily on BTC,other countries will definitely follow the suit

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

It is outrageous what are US government and US laws doing to Bitcoin. Pretty much, if you don't do as we say, we will arrest you and you will go to jail. They have tightened their regulations in the last 6-9 months especially.

I have seen 5 threads in the last week or so with people complaining about impossibility of buying bitcoins if you don't comply with all KYC and other crap. I guess this is a land of free at it best.

CrackedLogic

legendary

Activity: 1050

Merit: 1000

Well there's the few obvious ones like coinbase and cryptsy. Localbitcoins is there too.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

It might depend on what state you're in. NY state is obviously bad news due to the bitlicence but there are quite a few others given a miss by sites. They often have to licence on a per state basis.

Itbit is licenced to operate in all states. Gemini will be too if it ever appears.

Electric Money

newbie

Activity: 57

Merit: 0

These are probably sites that don't want to comply with US banking/finance laws. There's probably a reason for that lack of compliance.

OneandOnly22

member

Activity: 88

Merit: 10

Virwox, 24/7 exchange, Coin Mama, cex.io, is there any way to buy a decent amount of btc anymore?

Topic: Almost every website has banned the US from buying bitcoins! (Read 1120 times)