Bitcoin & Exchanges , contradiction ? - page 2.

Hazir

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Quote from: Amph on June 18, 2015, 12:30:38 PM

not all exchange ask id at all, many are only akisng it, if you deal with a great amount of money, otherwise if you do not exceed their ceiling(usually around $500-$1000) you are free to operate without providing any id of any kind

but your anonymity is still in trouble if you don't work on it with other service or with address ramification and any sort of deception

Can you name a few exchanges which don't ask you for your ID and credentials? Because from my experience they all want to know your name, address and other informations -> then you can trade coins.
And if you reach certain level of processed transactions (i.e. you sell bitcoins for more than $1000) then exchange will ask you for full scans of your IDs.

Argwai96

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Quote from: Amph on June 18, 2015, 12:30:38 PM

not all exchange ask id at all, many are only akisng it, if you deal with a great amount of money, otherwise if you do not exceed their ceiling(usually around $500-$1000) you are free to operate without providing any id of any kind

but your anonymity is still in trouble if you don't work on it with other service or with address ramification and any sort of deception

Mostly like governments breathing down the exchanges neck to know whos moving the money, we could all play with in the legal limits or the exchanges rules, the point here why do bitcoiners have to exchange bitcoin with in a exchange, why not use it to pay for things.

we are all still in love with fiat and the fiat way of life.

Dire

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Quote from: AtheistAKASaneBrain on June 18, 2015, 11:34:43 AM

Yes it kinda does, that's why there are people working in p2p exchanges like coinffeine, so we can eliminate the middle men and only exchange with an individual instead of handling your data to an institution.

Coinffeine is a bad example. They only use Okaypay, and no matter which way you skewer Okaypay, you've still already given all your details one way or another. Sure, maybe Okaypay has it instead of Coinffeine, but it all boils down to the same thing really.

Okaypay can be somewhat arcane too. They have weird payment options that most people have never heard of, and one way or another, they are tied to your ID. Sometimes all you want is Paypal>Bitcoin, and that's it. Sure you give your ID but at least it's simple.

Still now in 2015 you can't find a place you can simply open an account with email and a password and buy Bitcoin, yet you can buy gold anywhere.

At least Bittrex is still keeping it real without all the ID/proof of address lark. Shame we can't buy Bitcoin from there though.

Amph

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not all exchange ask id at all, many are only akisng it, if you deal with a great amount of money, otherwise if you do not exceed their ceiling(usually around $500-$1000) you are free to operate without providing any id of any kind

but your anonymity is still in trouble if you don't work on it with other service or with address ramification and any sort of deception

Ayle56

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Quote from: RappelzReborn on June 18, 2015, 11:50:45 AM

Quote from: achow101 on June 18, 2015, 11:36:33 AM

It kind of does, but that is why there are some exchanges and peer exchanges that allow you to anonymously buy bitcoin. You can use something like localbitcoins to buy bitcoin anonymously.

I know but I meant most of them
Even Lending platforms like BTCJam which is Peer to peer , right ? and they ask for shitload of informations then even if you get scammed .. well you get scammed nothing happens after that . I don't see why they request those sensitive informations in they don't do anything with them.

It's because government regulations force them to ask for ID, proof of residence, and bank account details. Most exchanges could get prosecuted if they didn't gather that information. There are some exchanges like btc-e that get round the regulations because nobody knows who runs them or which country they are located in.

RappelzReborn

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Quote from: achow101 on June 18, 2015, 11:36:33 AM

It kind of does, but that is why there are some exchanges and peer exchanges that allow you to anonymously buy bitcoin. You can use something like localbitcoins to buy bitcoin anonymously.

I know but I meant most of them
Even Lending platforms like BTCJam which is Peer to peer , right ? and they ask for shitload of informations then even if you get scammed .. well you get scammed nothing happens after that . I don't see why they request those sensitive informations in they don't do anything with them.

achow101

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It kind of does, but that is why there are some exchanges and peer exchanges that allow you to anonymously buy bitcoin. You can use something like localbitcoins to buy bitcoin anonymously.

AtheistAKASaneBrain

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Quote from: RappelzReborn on June 18, 2015, 11:24:02 AM

Most of people that use bitcoin their obvious answer probably is going to be "because it's annonymus and don't need my real informations and my account don't get limited" when you ask them why do you use Bitcoin .
But most of them also use Exchange to trade their bitcoin and most of those exchange websites asks for ID or passport verification and residence and some other real informations , so isn't this a contradiction Huh

don't exchange defeats the purpose of bitcoin

Yes it kinda does, that's why there are people working in p2p exchanges like coinffeine, so we can eliminate the middle men and only exchange with an individual instead of handling your data to an institution.
At the begining you only needed credentials when you deposited fiat, but I think its clear now (looking at what happened with poloniex) that we are approaching an era of control where even if you only deal with cryptocurrencies only, you'll need to show your credentials to deposit and withdraw specially past X amount. I really hope they come up with ways to circumvent this bullshit.

RappelzReborn

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Most of people that use bitcoin their obvious answer probably is going to be "because it's annonymus and don't need my real informations and my account don't get limited" when you ask them why do you use Bitcoin .
But most of them also use Exchange to trade their bitcoin and most of those exchange websites asks for ID or passport verification and residence and some other real informations , so isn't this a contradiction Huh

don't exchange defeats the purpose of bitcoin

Topic: Bitcoin & Exchanges , contradiction ? - page 2. (Read 1378 times)