Transaction was smooth and I got more than I probably would've from Virwox. I sent $5.50 and got $4.86 worth of BTC 
Topic: Buying first Bitcoin in 2015, still extremely frustrating.. (Read 2151 times)
Why don't you just open an account with Bitstamp? They're one of the most trusted Bitcoin exchange around. Their verification process might take a few days but it is simple and straightforward, you only need scans of your passport/ID and proof of address. Once you're verified you can then add your bank account and transfer your money. You can also look at localbitcoins.com if you wanna buy with PayPal, Skrill, OkPay etc. Normally, I use Circle but I decided to try them for the first time yesterday after I found ~$5 I'd forgotten about in my Skrill account Transaction was smooth and I got more than I probably would've from Virwox. I sent $5.50 and got $4.86 worth of BTC
Transaction was smooth and I got more than I probably would've from Virwox. I sent $5.50 and got $4.86 worth of BTC 
Sadly, even now, if you want to easily, quickly buy some btc, you need to pay a lofty middleman fee
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
You only have to do the verification process once though for exchanges. This is what makes them legal and not money launders.
So even though some hate verification it is really a needed thing. And afterwards it really is nice to have a exchange and not LBC.
I would never, ever do a KYC verification or at least until I have other options. And even if these other options are to disappear, I would not do a KYC even then. This is completely against the Bitcoin basic principles and I just refuse to do it.
I would rather go to the currency exchange thread and buy the coins over there with the help of some reputable escrow.
I don't think it's against bitcoins cores. If we want to operate in certain places it means things like KYC is a fact of life. Just part of operating in today's world.
Yes there will always be options for those who do not want to do it. For me I don't have any reason to hide what I do with BTC so KYC is not a big deal for me. Others take that privacy and I understand why. It's a personal choice.
Having a nice exchange hooked up to a checking account and being able to get for a decent is not something I will ever give up. And for me KYC for better or worse is needed for this.
Look, you do have your opinion and I appreciate it. Everybody can do as they wish. KYC in my opinion was put in place by the governments only to hinder Bitcoin adoption. I mean look at this thread and the troubles that OP has to do his KYC and acquire his first bitcoins.
KYC that governments do will not do a damn thing against the money laundering. People with bad intentions will find ways to do what they want and they will bypass the KYC. It will not prevent the bad guys, it will only slowdown the good guys.
Again, I am not trying to offensive towards you, you have a right on your opinion.
And no offense to you but you seem uninformed. KYC was in effect before bitcoin was a thing.... a good amount before in US if I am thinking right.
So right there that kills your opinion it was to kill bitcoin. It is to track money and investments. Governments will ALWAYS want to know this for taxes in most cases. And yes in some cases tracking cash if being used for something illegal.
So I can see why you don't like KYC but it is not a bill that was aimed to kill BTC.
Is KYC here to protect the customers or the other side, I don't even want to start about that especially when we are talking about the US, a country where the most important are the interests of the wealthy, gray elite.
You said "KYC in my opinion was put in place by the governments only to hinder Bitcoin adoption" KYC was in place first... that makes this statement untrue, I don't see how you can back this statement. And your judgement on US as a whole is just that a judgement not fact.
I will leave it at that as I don't enjoy forum battles. As honestly no one wins and it's a waste of time. But I think your first quote shows it was wrong with KYC being there first. And I don't mean offense to you honestly. I just wish you had facts not rash judgements.
Again I'm leaving it here I do not wish for a forum battle. Not enough time in the day, good day to you sir.
Personally, I was more bothered about the inconvenience than about the privacy aspect, but I think both are genuine gripes.
I just hate red tape, bureaucracy, paperwork, inefficiency. My main attraction to Bitcoin is to get away from the web of bullshit attached to Paypal, Credit Cards, etc..
If I wanted to use Bitcoin for nefarious purposes, I wouldn't have uploaded all my personal data to these sites.
I just hate red tape, bureaucracy, paperwork, inefficiency. My main attraction to Bitcoin is to get away from the web of bullshit attached to Paypal, Credit Cards, etc..
If I wanted to use Bitcoin for nefarious purposes, I wouldn't have uploaded all my personal data to these sites.
I understand perfectly well what you are saying and at least you are confirming my hypothese about KYC hindering Bitcoin adoption. I mean, you have been trying to get verified for a while and still had no success. Well that's making it hard on average people to obtain Bitcoin.
Other part, you don't agree with me and that's OK, just like notlist3d, you guys have nothing against complying with the KYC and I repeat, this is your stance and I do respect it.
Sadly, even now, if you want to easily, quickly buy some btc, you need to pay a lofty middleman fee
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
You only have to do the verification process once though for exchanges. This is what makes them legal and not money launders.
So even though some hate verification it is really a needed thing. And afterwards it really is nice to have a exchange and not LBC.
I would never, ever do a KYC verification or at least until I have other options. And even if these other options are to disappear, I would not do a KYC even then. This is completely against the Bitcoin basic principles and I just refuse to do it.
I would rather go to the currency exchange thread and buy the coins over there with the help of some reputable escrow.
I don't think it's against bitcoins cores. If we want to operate in certain places it means things like KYC is a fact of life. Just part of operating in today's world.
Yes there will always be options for those who do not want to do it. For me I don't have any reason to hide what I do with BTC so KYC is not a big deal for me. Others take that privacy and I understand why. It's a personal choice.
Having a nice exchange hooked up to a checking account and being able to get for a decent is not something I will ever give up. And for me KYC for better or worse is needed for this.
Look, you do have your opinion and I appreciate it. Everybody can do as they wish. KYC in my opinion was put in place by the governments only to hinder Bitcoin adoption. I mean look at this thread and the troubles that OP has to do his KYC and acquire his first bitcoins.
KYC that governments do will not do a damn thing against the money laundering. People with bad intentions will find ways to do what they want and they will bypass the KYC. It will not prevent the bad guys, it will only slowdown the good guys.
Again, I am not trying to offensive towards you, you have a right on your opinion.
And no offense to you but you seem uninformed. KYC was in effect before bitcoin was a thing.... a good amount before in US if I am thinking right.
So right there that kills your opinion it was to kill bitcoin. It is to track money and investments. Governments will ALWAYS want to know this for taxes in most cases. And yes in some cases tracking cash if being used for something illegal.
So I can see why you don't like KYC but it is not a bill that was aimed to kill BTC.
Is KYC here to protect the customers or the other side, I don't even want to start about that especially when we are talking about the US, a country where the most important are the interests of the wealthy, gray elite.
Personally, I was more bothered about the inconvenience than about the privacy aspect, but I think both are genuine gripes.
I just hate red tape, bureaucracy, paperwork, inefficiency. My main attraction to Bitcoin is to get away from the web of bullshit attached to Paypal, Credit Cards, etc..
If I wanted to use Bitcoin for nefarious purposes, I wouldn't have uploaded all my personal data to these sites.
I just hate red tape, bureaucracy, paperwork, inefficiency. My main attraction to Bitcoin is to get away from the web of bullshit attached to Paypal, Credit Cards, etc..
If I wanted to use Bitcoin for nefarious purposes, I wouldn't have uploaded all my personal data to these sites.
Sadly, even now, if you want to easily, quickly buy some btc, you need to pay a lofty middleman fee
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
You only have to do the verification process once though for exchanges. This is what makes them legal and not money launders.
So even though some hate verification it is really a needed thing. And afterwards it really is nice to have a exchange and not LBC.
I would never, ever do a KYC verification or at least until I have other options. And even if these other options are to disappear, I would not do a KYC even then. This is completely against the Bitcoin basic principles and I just refuse to do it.
I would rather go to the currency exchange thread and buy the coins over there with the help of some reputable escrow.
I don't think it's against bitcoins cores. If we want to operate in certain places it means things like KYC is a fact of life. Just part of operating in today's world.
Yes there will always be options for those who do not want to do it. For me I don't have any reason to hide what I do with BTC so KYC is not a big deal for me. Others take that privacy and I understand why. It's a personal choice.
Having a nice exchange hooked up to a checking account and being able to get for a decent is not something I will ever give up. And for me KYC for better or worse is needed for this.
Look, you do have your opinion and I appreciate it. Everybody can do as they wish. KYC in my opinion was put in place by the governments only to hinder Bitcoin adoption. I mean look at this thread and the troubles that OP has to do his KYC and acquire his first bitcoins.
KYC that governments do will not do a damn thing against the money laundering. People with bad intentions will find ways to do what they want and they will bypass the KYC. It will not prevent the bad guys, it will only slowdown the good guys.
Again, I am not trying to offensive towards you, you have a right on your opinion.
And no offense to you but you seem uninformed. KYC was in effect before bitcoin was a thing.... a good amount before in US if I am thinking right.
So right there that kills your opinion it was to kill bitcoin. It is to track money and investments. Governments will ALWAYS want to know this for taxes in most cases. And yes in some cases tracking cash if being used for something illegal.
So I can see why you don't like KYC but it is not a bill that was aimed to kill BTC.
Sadly, even now, if you want to easily, quickly buy some btc, you need to pay a lofty middleman fee
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
You only have to do the verification process once though for exchanges. This is what makes them legal and not money launders.
So even though some hate verification it is really a needed thing. And afterwards it really is nice to have a exchange and not LBC.
I would never, ever do a KYC verification or at least until I have other options. And even if these other options are to disappear, I would not do a KYC even then. This is completely against the Bitcoin basic principles and I just refuse to do it.
I would rather go to the currency exchange thread and buy the coins over there with the help of some reputable escrow.
I don't think it's against bitcoins cores. If we want to operate in certain places it means things like KYC is a fact of life. Just part of operating in today's world.
Yes there will always be options for those who do not want to do it. For me I don't have any reason to hide what I do with BTC so KYC is not a big deal for me. Others take that privacy and I understand why. It's a personal choice.
Having a nice exchange hooked up to a checking account and being able to get for a decent is not something I will ever give up. And for me KYC for better or worse is needed for this.
Look, you do have your opinion and I appreciate it. Everybody can do as they wish. KYC in my opinion was put in place by the governments only to hinder Bitcoin adoption. I mean look at this thread and the troubles that OP has to do his KYC and acquire his first bitcoins.
KYC that governments do will not do a damn thing against the money laundering. People with bad intentions will find ways to do what they want and they will bypass the KYC. It will not prevent the bad guys, it will only slowdown the good guys.
Again, I am not trying to offensive towards you, you have a right on your opinion.
Sadly, even now, if you want to easily, quickly buy some btc, you need to pay a lofty middleman fee
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
You only have to do the verification process once though for exchanges. This is what makes them legal and not money launders.
So even though some hate verification it is really a needed thing. And afterwards it really is nice to have a exchange and not LBC.
I would never, ever do a KYC verification or at least until I have other options. And even if these other options are to disappear, I would not do a KYC even then. This is completely against the Bitcoin basic principles and I just refuse to do it.
I would rather go to the currency exchange thread and buy the coins over there with the help of some reputable escrow.
I don't think it's against bitcoins cores. If we want to operate in certain places it means things like KYC is a fact of life. Just part of operating in today's world.
Yes there will always be options for those who do not want to do it. For me I don't have any reason to hide what I do with BTC so KYC is not a big deal for me. Others take that privacy and I understand why. It's a personal choice.
Having a nice exchange hooked up to a checking account and being able to get for a decent is not something I will ever give up. And for me KYC for better or worse is needed for this.
Sadly, even now, if you want to easily, quickly buy some btc, you need to pay a lofty middleman fee
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
You only have to do the verification process once though for exchanges. This is what makes them legal and not money launders.
So even though some hate verification it is really a needed thing. And afterwards it really is nice to have a exchange and not LBC.
I would never, ever do a KYC verification or at least until I have other options. And even if these other options are to disappear, I would not do a KYC even then. This is completely against the Bitcoin basic principles and I just refuse to do it.
I would rather go to the currency exchange thread and buy the coins over there with the help of some reputable escrow.
CEX.IO
Quote
Your identity document was rejected because: Low quality
Your selfie was rejected because: Low-quality photo
Your proof of residency document was rejected because: Other
I'm done with them Your selfie was rejected because: Low-quality photo
Your proof of residency document was rejected because: Other
CEX.IO is complicated for verify account, but they are trusted.
You need to know is after buy a bitcoin on exchanger, don't store your amount there, you should save on secure wallet, cold wallet is better.
Sadly, even now, if you want to easily, quickly buy some btc, you need to pay a lofty middleman fee
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
the currency exchange section on the forum is also a place that you can buy bitcoin. however, there are restrictions on what is accepted there, especially for newbie members who are just getting into bitcoin. members will only deal with newbies if the payment method they offer is irreversible in every sense of the word (OKPay, western union after money is picked up). or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
should a newbie choose to accept those conditions and pay fees associated with the trade, they wont even have to go through a verification process as an exchange such as coinbase or circle might require you to. however, people over there arent too keen on dealing with newbies, so it might be hard to even find a seller. however, if going first with a trusted seller, there wouldnt be any escrow fees involved, and there are plenty of free escrow services should the user want to use escrow for the deal.
Sadly, even now, if you want to easily, quickly buy some btc, you need to pay a lofty middleman fee
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
You only have to do the verification process once though for exchanges. This is what makes them legal and not money launders.
So even though some hate verification it is really a needed thing. And afterwards it really is nice to have a exchange and not LBC.
Sadly, even now, if you want to easily, quickly buy some btc, you need to pay a lofty middleman fee
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
or spend time going through verification processes to minimize that.
If you're fine with that, there are many choices though
i.e. ATM, Localbitcoin
coinbase and circle are too much like banks, there will always be complications there
i use okcoin.com
i use okcoin.com
but buying bitcoins with fiat's is not a good idea though ,
it is better to provide a service to earn bitcoins.
it is better to provide a service to earn bitcoins.
You'll find a list of exchanges over here - https://bitcointalksearch.org/topic/which-bitcoin-exchange-do-you-use-and-why-576887
Chose the one that suits you the best.
Chose the one that suits you the best.
I see that you guys have mentioned nearly all methods and exchanges above except localbitcoins.com.
Why not try with them? You might even find someone to sell you in person which is the easiest way. Try registering and giving it a try. I consider myself a Bitcoin veteran and all Bitcoin that I ever bought came through localbitcoins for me. I never sent any document in my life or scan to anybody.
I am using Kraken though when I need to sell fast.
Why not try with them? You might even find someone to sell you in person which is the easiest way. Try registering and giving it a try. I consider myself a Bitcoin veteran and all Bitcoin that I ever bought came through localbitcoins for me. I never sent any document in my life or scan to anybody.
I am using Kraken though when I need to sell fast.
I'll be a bit off-topic but hope you get my advice.
My way to deal with bitcoin is to earn them. I do not convert fiat to bitcoin, just the reverse and only when needed. Not sure if you have it clear but bitcoin is an asset that for some weird reason people want to use as currency.
A safer way to play with cryptocurrencies is altcoins, give DGC, DVC, XRM and the likes a try. Once you earned enough you can trade your altcoins for bitcoin and perhaps to fiat.
My way to deal with bitcoin is to earn them. I do not convert fiat to bitcoin, just the reverse and only when needed. Not sure if you have it clear but bitcoin is an asset that for some weird reason people want to use as currency.
A safer way to play with cryptocurrencies is altcoins, give DGC, DVC, XRM and the likes a try. Once you earned enough you can trade your altcoins for bitcoin and perhaps to fiat.
As you find out, kraken is a way to go. Using SEPA payments and withdraws are usually done within 24 hours.
i dont think it would have been that frustrating if only you woulda tried localbitcoins.com,
i usually try that one for selling or buying as no details required normally.
i usually try that one for selling or buying as no details required normally.
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