Topic: Bitcoin is simply too difficult to buy to gain acceptance (Read 1036 times)
You can buy bitcoin from known persons and make you rid of all exchange trouble. Normal education how to use Bitcoin is easy to find on websites if you are already owner.
bitcoin is not difficult to buy only that most of the exchanges now require kyc there are only a few alternatives to buy it without kyc like bisq and atm (within certain limits) or localbitcoin, then i do not care about it as a broad daily payment method with mass adoption but at a speculative level to make gain...
All people can learn how to buy it, and also there are a lot of tutorials on YouTube or other platforms which teach how to buy bitcoin. But who not want to better do a other things and let other people join crypto world.
You don't expect to get everything just they way you would want them. Some of these exchanges are to obey some regulations and again have to do some of these things to maintain some level of security. Obeying simple rules wouldn't hurt.
It is difficult to gain attention for those who do not know or believe in technology, also for those who do not know how the market works, because for those who know how to market the market it is easy to determine that bitcoin is in a phase of accumulation. which, is an ideal phase to buy and hold until it reaches a bullish trend, which can happen at any time, at least until you have accumulated the majority of bitcoins in the world, this is verifiable in the millionaire wallets.
That's why people have to invest in companies that make accessible the crypto world for countries which are always forgotten (Africa for example)
It's hard to disagree, but in spite of all the difficulties, differences between countries in approaches and regulations, there are more and more option to buy bitcoin and other cryptocurrencies. Adoption may seem to go slowly, but looking back at the history of btc, we can say this "virus" is spreading at fascinating speed. Now you can buy btc with credits card right on exchanges. Was this possible a few years ago? Now you can buy real estate with btc, flight tickets with BCH, and Ripple offers ridiculously low commission and lighting speed of transaction. All this progress foresees a great future for cryptocurrencies. It's hard to predict the leading crypto for, say, the next 10 or 20 years, but the whole market will grow to tenth of trillions, I don't have any doubt.
Maybe it is not so easy to buy Bitcoin if you compare it with fiat, but I do not see any problems for the guys, which have access to the Internet and assets to buy BTC. Many people do not accept crypto as still, it seems to them a bubble.
This issue is result of the regulations on practice. Exchanges have to follow several rules to be in agreement with the local laws and financial system of the country. Otherwise the exchange can't even exist legally.
In addition, all this difficult in dealing with btcs is intentional, so governments can say crypto currency is too complex to use, same as like fiat, being possible to compare the exchanges to banks (from the difficult usage point of view). This way we have less advantages in btc, like op experienced. There isn't facility, anonymity (neither a pseudo one), and quickness. Thanks to bad regulations bitcoin attractive is only its potential price.
In addition, all this difficult in dealing with btcs is intentional, so governments can say crypto currency is too complex to use, same as like fiat, being possible to compare the exchanges to banks (from the difficult usage point of view). This way we have less advantages in btc, like op experienced. There isn't facility, anonymity (neither a pseudo one), and quickness. Thanks to bad regulations bitcoin attractive is only its potential price.
I think it all depends on your country ,
And besides I think you should be able to use coinbase to simply buy crypto.
I think most country are using it ,
Using a web wallet or mobile wallet would be the easiest way to purchase crypro if you really want to buy some.
You can use web and mobile wallets to store your coins temporarily but in order to safe guard your coins move them to a more secure hardware wallet, make sure you have total control over your coins. Majority of the countries allow its users to purchase the coin using credit card or bank transfer and it is not a big deal to purchase the coins. I am not sure about how things work globally and i understand there are some non friendly crypto countries too and for them it will be difficult to get hold of the coins. And besides I think you should be able to use coinbase to simply buy crypto.
I think most country are using it ,
Using a web wallet or mobile wallet would be the easiest way to purchase crypro if you really want to buy some.
I think it all depends on your country ,
And besides I think you should be able to use coinbase to simply buy crypto.
I think most country are using it ,
Using a web wallet or mobile wallet would be the easiest way to purchase crypro if you really want to buy some.
And besides I think you should be able to use coinbase to simply buy crypto.
I think most country are using it ,
Using a web wallet or mobile wallet would be the easiest way to purchase crypro if you really want to buy some.
I think the UX is definitely a challenge at the moment for the general population but I think people are starting to work on this problem because it is super clunky atm
I agree with the author.Really buy bitcoin is some difficulty and relatively large commission.But still I am sure that soon there will be some kind of service or platform that will solve this problem.The future is really for micropayments.If you do not solve this problem, the cryptocurrency will remain in the use of only a select few.
In 2013 and 2014, it was really difficult to purchase Bitcoins. One of my friends told me that he had to first purchase Second Life Linden Dollars with credit card and then convert these Linden Dollars to BTC. There was no direct option available. But things have changed a lot nowadays. You can use your credit card or savings bank account to purchase Bitcoin directly now.
That's right. A few years ago there were only a few websites available selling bitcoin and even those did not accept many payment methods. Also the first crypto ATM was first opened in 2013 while now we have thousands of them and you can literally find them in almost every country. The fact that you can buy bitcoin online using a debit card or a bank account is even better. You can find an interesting informations here : https://kriptomat.io/cryptocurrencies/how-to-buy-cryptocurrency/
It show that actually, it's really easy today for europe, asia and north america to buy crypto, in different ways
It show that actually, it's really easy today for europe, asia and north america to buy crypto, in different ways
Thanks for that good guide. We have to understand that bitcoin (and the whole cryptocurrency industry for that matter) is always involving. The list of many service providers for the bitcoin network is growing at a good rate. Soon, there will be many firms involved with infrastructure and platform that we can use in dealing with bitcoin. Instead of just dismissing this innovation, we might as well be a part of it and later on reap the benefits reserved for all of us. The future belongs to the blockchain and cryptocurrency, there is no question on that.
It's a pleasure to share good content, and it's actually coming from a really great platform which is in the middle of a Security Token Offering. With blockchain and cryptocurrency, the future belongs to us, because we are 100% responsible of our assets
https://kriptomat.io/sto/ for those who want to be part of this new economy in another way
As during the Gold Rush, you had to invest in picks ...
In 2013 and 2014, it was really difficult to purchase Bitcoins. One of my friends told me that he had to first purchase Second Life Linden Dollars with credit card and then convert these Linden Dollars to BTC. There was no direct option available. But things have changed a lot nowadays. You can use your credit card or savings bank account to purchase Bitcoin directly now.
Since I've been under the weather and didn't feel like an hours motorcycle ride back and forth to the bitcoin atm, I tried to buy some online. Big mistake! After a selfie with an explanation of the purchase while holding my ID which was difficult to hold up living alone- although I did manage a clear pictures, then two pictures of my id with my payment card, the purchase was rejected by the exchange and I was told to use another card.
I told them to forget it, and I would like a selfie from the exchange's CEO holding a signed note wherein he promised to destroy all pictures and information I had provide them with.
Who wants to put up with such nonsense? The only reason I deal with the ATM is for online gambling, which our countries cause us to lose more money on since we have to pay extra USD to buy the bitcoin, and then lose a couple of points when it is deposited.
If it was easily available within 1% of spot, it might find adoption- like if you could buy it the way you buy anything else online, simply type in your cc number and four digits on the back. Btc is supposed to be anonymous and easy but it is neither.
I told them to forget it, and I would like a selfie from the exchange's CEO holding a signed note wherein he promised to destroy all pictures and information I had provide them with.
Who wants to put up with such nonsense? The only reason I deal with the ATM is for online gambling, which our countries cause us to lose more money on since we have to pay extra USD to buy the bitcoin, and then lose a couple of points when it is deposited.
If it was easily available within 1% of spot, it might find adoption- like if you could buy it the way you buy anything else online, simply type in your cc number and four digits on the back. Btc is supposed to be anonymous and easy but it is neither.
It seems you have not found a convenient and difficult way to buy bitcoin, there are many alternative options.I do not know what country you are from, maybe there are restrictions and I'm not right.
KYC is a very delicate issue, a lot of bitcoin enthusiasts are against the idea of revealing their personal identity when this is a decentralized protocol, and also the threat of misuse and sale of data.
It's supposed to be a lot of other things as well which it is; it is transparent and borderless. It's also irreversible, preventing double spending.
Global adoption would make it easier to own bitcoins without buying them, if it becomes accepted as a currency and means of exchange.
Btc is supposed to be anonymous and easy but it is neither.
It's supposed to be a lot of other things as well which it is; it is transparent and borderless. It's also irreversible, preventing double spending.
Global adoption would make it easier to own bitcoins without buying them, if it becomes accepted as a currency and means of exchange.
Yes, majority of the community of bitcoin they really hate KYC. But in the end even most people don't want that rules, they are oblige to submit their KYC just for the sake of profit. Its part of the policy and regulations. Though, bitcoin was based decentralized system. And for the novice it is actually not easy to understand it.
Bitcoin has already gained much acceptance. If really you are friendly online, you need not pass through KYC before buying bitcoin, I bought my first ever bitcoin through a reputable Whatsaap group in my country after studying their operation for days. I have been buying and selling bitcoin through Whatsapp, I avoid my local bitcoin exchange because of charges. Although I deal only on a legitimate group which rules are strict to checkmate scammers.
I think that buying a Bitcoin is not only for gaining acceptance. Now, we can see that the acceptance of BTC is actually greater in some cases and countries, however, they are limited.
But, buying bitcoin can be a very promising way in order to gain more profits let's see how we make the Bitcoin profits from trading and also investing.
now. I more prioritize BTC for trade, investment and for saving my assets from the global economic crisis. acceptance is the future. it will be used when fiat is destroyed. now the value of fiat is very low in the public eye. they prefer to use crypto. immediately BTC will control the transaction and become the main currency. But, buying bitcoin can be a very promising way in order to gain more profits let's see how we make the Bitcoin profits from trading and also investing.
bitcoin is not difficult to buy only that most of the exchanges now require kyc there are only a few alternatives to buy it without kyc like bisq and atm (within certain limits) or localbitcoin, then i do not care about it as a broad daily payment method with mass adoption but at a speculative level to make gain...
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