coinbase friend referred - New member id verification formalities?

bitperson

full member

Activity: 210

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Quote from: zhirnov1 on December 18, 2017, 03:27:08 AM

what will soon be possible with bitcoin, you may be buying a car at dealerships? or payment of utilities?)))

Is there incentive for that? Accepting Bitcoin as tender creates overhead for a businessowner. There's the learning curve as well as cryptocurrency-specific threats such as doublespending and volatility. I think mainstream businesses will accept Bitcoin if they perceive that to lure new customers. As an example, if there are ten pubs down the street, the one that's first to accept Bitcoin may be able to attract cryptocurrency enthusiasts. But the car dealership that pays fiat currency to the car manufacturer may not be willing to take that risk even though there are merchant services that promise to contain the volatility risk. I believe Bitcoin is more useful for small transactions.

zhirnov1

newbie

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what will soon be possible with bitcoin, you may be buying a car at dealerships? or payment of utilities?)))

bitperson

full member

Activity: 210

Merit: 119

Quote from: chickpeas on December 08, 2017, 02:48:50 AM

My referred me to coinbase , but it seems their ID verification service is down .

He mentioned that I need to provide my scanned documents for ID verification ? Is it true ? If some one can throw light on new member joining formalities related to ID verification that should be helpful.

I live in US, is it safe to use discover credit card in coinbase for buying bitcoins ?

I have used Coinbase and happily used my credit card to buy Bitcoin on their site. I also needed to provide photos of the front and back of my driving licence. Verification took 10 minutes or so.

Coinbase seems to have a good reputation save for the fact that their systems don't handle volatility well. In other words, the main problem with Coinbase seems to be that you can't rely on being able to take advantage of quick market movements as their servers typically go down whenever there are large price fluctuations.

chickpeas

newbie

Activity: 5

Merit: 0

My referred me to coinbase , but it seems their ID verification service is down .

He mentioned that I need to provide my scanned documents for ID verification ? Is it true ? If some one can throw light on new member joining formalities related to ID verification that should be helpful.

I live in US, is it safe to use discover credit card in coinbase for buying bitcoins ?

I am a beginner to bit coin and also not an avid online tech savy guy . So any replies to this post will be helpful.

Thanks

Topic: coinbase friend referred - New member id verification formalities? (Read 159 times)