Bitcoin is simply too difficult to buy to gain acceptance - page 2.

niisarearning

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Quote from: Red-Apple on January 20, 2019, 08:11:18 AM

if you live in a country like lets say UK and want to buy US dollar you go on some Forex market, sign up, give your selfi with your passport or something like that, wait weeks for approval, then deposit some money on your Forex account and wait until the bank transfer completes and the broker funds your account and enables you to start buying US dollar.

do you also consider US dollar having a hard time gaining acceptance?

People still doesnt understand the purpose of bitcoin . Its largely used in Cross border payment or Remittance industry . If somebody goes to Money transfer and get to know about the fees and transaction type and other procedure . He might not have said this thing . Bitcoin still having its value because of its huge acceptance in particular . Yes it lags in day to day transaction.

watchagotcha

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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.

Pokemongo04

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Quote from: Bowly88 on May 14, 2019, 04:18:15 PM

Yeah me too, I use crypto for me to be able to play on a gaming site so that I can play many types of games to ease my boredom yet earning money. In addition, well we need time for global adoption to completely happen. We are slowly progressing, but we cannot demand for it to happen in no time, because this type of technology is not the type of technology that can be accepted in an instant. Stores need to upgrade themselves and how about those third world countries? Even developed countries are slowly adopting to it, what more to the poor countries? Be patient, that will happen.

Yep its difficult but slowly happening. Each country is starting to adopt bitcoin since they have no choice, as more countries grow and use bitcoin, they have to join in since theyd be out of the circle if ever and that wouldn't really be good for their economy. I also play in that site at times and since they adopt bitcoin as the mode of payment for their games, its really great. Its helpful because if the site can spread out towards more countries, more people would learn of the importance of bitcoin and could potentially be more accepted towards other countries

wongdeso

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In my country it is also easy to carry out crypto transactions, because there are indeed local exchanges and the bank provides an opportunity to be able to receive crypto. So that crypto enthusiasts find it easy to get it.

TheKeyLongThumbI

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Too difficult to buy? How come? In my country, I can easily make an account on our local exchange online and convert my fiat to btc instantly. There are banks that don't support funding btc related sites I know but there are much more banks who are willing to adopt cryptocurrency and they are making so much progress that they even build a crypto atm.

iMark

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Quote from: Sithawaka on January 20, 2019, 08:35:04 AM

Quote from: Red-Apple on January 20, 2019, 08:11:18 AM

if you live in a country like lets say UK and want to buy US dollar you go on some Forex market, sign up, give your selfi with your passport or something like that, wait weeks for approval, then deposit some money on your Forex account and wait until the bank transfer completes and the broker funds your account and enables you to start buying US dollar.

do you also consider US dollar having a hard time gaining acceptance?

great convincing and of course we cannot come to a conclusion that there is a hard time gaining acceptance for bitcoin just because usability of a one atm machine is no that well and also we have to agree that majority of major governments like Switzerland now days having an open mind towards bitcoin acceptance due to its increasing demand and the rest will definitely do the same because otherwise they might left behind in the future

sometimes such conditions are indeed applied in some exchanges, not only crypto exchange but also forex trading sites. but not all exchanges require ID verification, there are many exchange sites that you can find, you only need to register with your email and you can immediately use it, buying and using bitcoin is not as difficult as you say. You just lack of explore and read

Hergonthe

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If we want to see Bitcoin staying for a long time, we have to accept the fact that people can't buy big amount without giving their identity. AML and Security, it's simple to understand and not again the idea of a free economy.

If you are looking for a good place to buy your favourite crypto, i'm sharing this platform, faaaaar better than coinbase (sorry to say that, I know that coinbase has also good points

)

=> https://kriptomat.io/

=> https://medium.com/@Mirovic/kriptomat-securities-sharing-the-financial-success-of-one-of-europes-fastest-growing-fintech-653d44edf37b
Thank me later hehey Grin

BlackFor3st

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It will depend also to what country you are residing, as bitcoin is still in the process of acceptance and I am pretty sure that you already know about it.
Many country are still hesitant to accept bitcoin and few countries banned it.

I can consider that your country is starting to accept bitcoin so I am sure that the upgrade on how to buy bitcoin easily will be there in the future. As in our country buying bitcoin is very easy.

Mike Mayor

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Why are you not using a decentralized exchange? I also agree with you, we asked for our info but the info of the people asking for it is protected. You should not have given your info to begin with. Bitcoin is very easy to buy so I am not sure what you talking about. just because you couldn't buy any doesn't mean the rest of the world cannot either.

Bowly88

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Quote from: kingplaya4 on January 20, 2019, 07:55:19 AM

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.

Yeah me too, I use crypto for me to be able to play on a gaming site so that I can play many types of games to ease my boredom yet earning money. In addition, well we need time for global adoption to completely happen. We are slowly progressing, but we cannot demand for it to happen in no time, because this type of technology is not the type of technology that can be accepted in an instant. Stores need to upgrade themselves and how about those third world countries? Even developed countries are slowly adopting to it, what more to the poor countries? Be patient, that will happen.

Vaskiy

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Quote from: Ipwich on May 11, 2019, 10:55:25 PM

Quote from: martychubbs on May 11, 2019, 06:27:30 PM

Oh that sounds like a tiresome process. But i think we have to endure this as we are on the early stage of btc development. within another 10 years situation will improve.

True, more development will come and that problem will be given solution.
It's hard to transact btc wallet to wallet, a third party is needed to bridge the transaction to make it faster and cheaper.
This will happen for sure, patience now, and let's benefit on this tomorrow.

What we've achieved in this short time period is very big when compared to the development process that took place with the banking or with the traditional fiat related payment and exchange services. We're on the developing stage to get more integrated to the day to day living. Within few years of time it'll be much more easy accessible, until then it is a must to have patience as there is no other way.

EdvinZ

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The idea of Bitcoin was that it will be anonymous, convenient, to function anywhere in the world. But like any other project, when it begins to be implemented, various difficulties arise in its path. Technology users have to take into account the fact that states, owners of exchanges and regulatory agencies have their own obligations, according to which they cannot allow the full anonymity of the movement of digital assets.

Ipwich

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Quote from: martychubbs on May 11, 2019, 06:27:30 PM

Oh that sounds like a tiresome process. But i think we have to endure this as we are on the early stage of btc development. within another 10 years situation will improve.

True, more development will come and that problem will be given solution.
It's hard to transact btc wallet to wallet, a third party is needed to bridge the transaction to make it faster and cheaper.
This will happen for sure, patience now, and let's benefit on this tomorrow.

martychubbs

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Oh that sounds like a tiresome process. But i think we have to endure this as we are on the early stage of btc development. within another 10 years situation will improve.

waynechong1995

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swing!

All channels for cryptocurrency are straight motivated by profits still... the simply bad things about crypto is the way channel providers are earning simply based transnational fees, unlike local banking systems they are other source of income to sustain transaction cost to be 0%. A off-trade crypto/fiats is such a ripoff nowdays with almost 5% higher than market cap and so does selling. Aside from volatility this are the main things that defer public to switch to crypto wallets, online wallets are already a common phenomenal, but simply one doesn't use with there's transaction fees.

Pattart

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Quote from: Red-Apple on January 20, 2019, 08:11:18 AM

if you live in a country like lets say UK and want to buy US dollar you go on some Forex market, sign up, give your selfi with your passport or something like that, wait weeks for approval, then deposit some money on your Forex account and wait until the bank transfer completes and the broker funds your account and enables you to start buying US dollar.

do you also consider US dollar having a hard time gaining acceptance?

and I think buying bitcoin isn't that difficult right? You don't need to verify your data to buy bitcoin in exchange. buying bitcoin is not as difficult as buying other foreign currencies. even in the physical store many have accepted to purchase bitcoin without identification though

naufals4

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Quote from: kingplaya4 on January 20, 2019, 07:55:19 AM

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.

yes, it is difficult to buy bitcoin because we have to pass KYC and others, besides that there is also a fee when we deposit money into the website to buy bitcoin. but in my opinion it's normal because the potential of bitcoin and other altcoins that have high ROI. so you have to have a strategy if you buy bitcoin like for investment or trading to get maximum profit

949miner

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Bitcoin is too simply to comprehend. People who say they don't understand Bitcoin and blockchain technology first of all do not have any level of knowledge of it. They are just saying what the media tells them about bitcoin. It is very easy to buy and sell bitcoin within an hour.

mrdeposit

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Quote from: Ailmand on April 05, 2019, 05:50:26 PM

I think it all depends on what country do you live on. In our country there are plenty of ways to buy bitcoin. There are some merchants where you can make an online payment and just pay it on the cashier for your bitcoin to be credited on your online wallet. However, having such convenience doesn't mean bitcoin is easily adapted in our country, a lot of people from our country are still not aware of it.

KYC depends on your choice. Decentralized exchanges are better option for your situation. So, view of the government about cryptocurrency is not important.

Dreamchaser21

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Quote from: adzino on April 05, 2019, 05:47:19 PM

Why would you want to buy bitcoins from a service that asks for your photo identity and all other information (which they can sell for a sweet hefty profit!) while there are other ways available? You could have done a peer to peer aka face to face transaction from any local guy near you. LBC can help you in this case. Sad that we have to go through these stupid KYCs when trying to buy bitcoin online. We actually do need an easy and better solution to buy bitcoins online.

We’ve done already the KYC with real businesses especially into remittances company so i think good exchanges are also implementing this system to fully protect their customers. Every details that we have are being sold in the blackmarket, banks also do this for sure. Buy bitcoin to your friends is still risky, so think whether to do KYC or own nothing.

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