Topic: Exchanges Too Invasive. Options? (Read 1755 times)
As a rule of thumb, most big things online are invasive. Amazon and Facebook are awfully invasive. I've never shopped at Amazon, and I never will. I'm not on Facebook, and I won't join ever. Regarding exchanges, I guess I've been lucky, because I first used more than 2 years ago, and there were less invasive back then. The solution, what I'm really waiting for is a shop. In big cities, you can buy foreign currencies at the counter, and that's where I'll appreciate to buy BTC.
All this shite started after the MtGox fiasco... {Thanks Mark} ....Governments around the world, wants to prevent a second occurance of that chaos and protect the consumer.
They use the KYC/AML regulations to do that... We have to choose ...either we have a MtGox again, or we bend the knee {or bend over} to these government regulations.
You can always use the alternative methods, if you willing to take the risks.
They use the KYC/AML regulations to do that... We have to choose ...either we have a MtGox again, or we bend the knee {or bend over} to these government regulations.
You can always use the alternative methods, if you willing to take the risks.
We, the people can choose between being slaves to government that's trying to "protect" us or acting as free individuals at our own responsibility.
You can always trade direct face2face with no exchanges involved at all. If you use exchanges, you can reduce your risk by depositing smaller amounts and immediate withdrawal of all Bitcoin to your own addresses.
ya.ya.yo!
All this shite started after the MtGox fiasco... {Thanks Mark} ....Governments around the world, wants to prevent a second occurance of that chaos and protect the consumer.
They use the KYC/AML regulations to do that... We have to choose ...either we have a MtGox again, or we bend the knee {or bend over} to these government regulations.
You can always use the alternative methods, if you willing to take the risks.
They use the KYC/AML regulations to do that... We have to choose ...either we have a MtGox again, or we bend the knee {or bend over} to these government regulations.
You can always use the alternative methods, if you willing to take the risks.
Do you guys know that if you give your personal to a centralised exchange your info will be acquired by government and you will be most likely taxed in the future? I read that anti money laundering agency FINCEN shared information with other parts of the Treasury Department, (IRS included). FINCEN is the agency that seized millions from bankrupt exchange Mt.Gox last year and presumably obtained customer account information in the process... If you trust now new exchange with your info, then expect to pay tax in the future. How awesome is that?
Any options besides these that aren't all about getting up in your business and just have minimal invasive verification?
https://localbitcoins.com/
Instant. Secure. Private.
Trade bitcoins in 7728 cities and 240 countries
Been looking out Multisigna, looking really fit for those that want quick and as private as possible transactions. It's sort of p2p exchange but better.
Exchanges must comply with the regulations, or must escape the regulations. At this moment the escape route isn't ready, so only the first option is available.
Their volume is still low for an exchange that aspires to be the best.
There have to be more places to buy Bitcoin or we'll have more Goxes. The exchanges can't be the only source, not all people are traders and we can't expect the whole society to access exchanges every time they need some coins for daily use. Localbitcoins is great, but we need more alternatives.
There have to be more places to buy Bitcoin or we'll have more Goxes. The exchanges can't be the only source, not all people are traders and we can't expect the whole society to access exchanges every time they need some coins for daily use. Localbitcoins is great, but we need more alternatives.
But isn't it self-defeating if you have to have exchanges in order to actually spend your Bitcoin? What's the whole point of having Bitcoin if you need to convert it back to local fiat to actually purchase anything without getting ripped off? The reality is that it isn't a lack of anonymous exchanges, but a lack of ability to actually spend Bitcoin for any and all items with relative ease and without additional costs.
You can only avoid verification if buying using cash deposits and local cash trade on localbitcoins. Other methods of payment require verification.
https://localbitcoins.com/guides/real-name#toc4
https://localbitcoins.com/guides/real-name#toc4
Still, they don't pinch you in every trade to verify in order for that to take place I guess...
I would to ask you, what is the reason that make you still use coinbase? is there no substitute for it?
in my opinion, bitpay could replace its payment, lakebtc kraken bitstamp could replace its exchange.
in my opinion, bitpay could replace its payment, lakebtc kraken bitstamp could replace its exchange.
The best exchange right now is BTC-e. They have been around for more than 4 years now, and they were never hacked during this entire time period. They require no verification, and they will never provide any user info to the United States government agencies.
Their volume is still low for an exchange that aspires to be the best.
There have to be more places to buy Bitcoin or we'll have more Goxes. The exchanges can't be the only source, not all people are traders and we can't expect the whole society to access exchanges every time they need some coins for daily use. Localbitcoins is great, but we need more alternatives.
The state doesn't want people to be free, because freedom means lack of predictability which is a structural antagonist to the state's order. So from the perspective of the state, freedom always poses a possible threat to its power.
To control the financial sphere is of greatest importance to the state, because this sphere provides the resources for the state to operate. That's why the state invented KYC/AML laws to oppress people's financial freedom.
Bitcoin is here to rescue us from an ever growing cancerous state control. But only if we manage to prevent the transgression of metastases into the Bitcoin system, by avoiding to use the services of any companies that follow KYC/AML laws.
ya.ya.yo!
To control the financial sphere is of greatest importance to the state, because this sphere provides the resources for the state to operate. That's why the state invented KYC/AML laws to oppress people's financial freedom.
Bitcoin is here to rescue us from an ever growing cancerous state control. But only if we manage to prevent the transgression of metastases into the Bitcoin system, by avoiding to use the services of any companies that follow KYC/AML laws.
ya.ya.yo!
Try out Bit-X too as it's also an exchange where without much interference, for trading purposes, you can go ahead without verification and you will only need it at the time of withdrawal, that too minimal...
Also, if you are soo allergic to verification and all that, I would suggest you to try out LocalBitcoins instead... I don't think you need anything like that there...
Also, if you are soo allergic to verification and all that, I would suggest you to try out LocalBitcoins instead... I don't think you need anything like that there...
You can only avoid verification if buying using cash deposits and local cash trade on localbitcoins. Other methods of payment require verification.
https://localbitcoins.com/guides/real-name#toc4
This is real problem, exchanges are too invasive in my opinnion but they are mostly obligated to act like this. Otherwise they couldn't operate.
There should be open anonymous markets for bitcoin, decentralized, that noone controls it
There should be open anonymous markets for bitcoin, decentralized, that noone controls it
Try out Bit-X too as it's also an exchange where without much interference, for trading purposes, you can go ahead without verification and you will only need it at the time of withdrawal, that too minimal...
Also, if you are soo allergic to verification and all that, I would suggest you to try out LocalBitcoins instead... I don't think you need anything like that there...
Also, if you are soo allergic to verification and all that, I would suggest you to try out LocalBitcoins instead... I don't think you need anything like that there...
funny thing is that while bitcoin is pseudo anon and it is aiming at completely anon, exchange do require your id, they need after all to back up their asses if too much money flow in-out
The exchanges require an ID because they 'manage' and use also the various FIAT value , so they are obligated to use the banks and also due the country laws.
anyway just use the one tha do not rwquire id, like kraken(and bitfinextoo?)
Yes kraken is very fine, I don't know if the other one (bitfinex) is similar to the first one, because I've never used it.
funny thing is that while bitcoin is pseudo anon and it is aiming at completely anon, exchange do require your id, they need after all to back up their asses if too much money flow in-out
anyway just use the one that do not require id, like kraken(and bitfinex too?)
anyway just use the one that do not require id, like kraken(and bitfinex too?)
The bitsquare sounds promising but I need something way sooner. 
In the mean time you can also trade Bitcoins on this forum using trusted escrow service.
You just post your Buy/Sell requirements in appropriate section and make use of trusted members with their escrow service so that nobody gets scammed.
I would to ask you, what is the reason that make you still use coinbase? is there no substitute for it?
in my opinion, bitpay could replace its payment, lakebtc kraken bitstamp could replace its exchange.
in my opinion, bitpay could replace its payment, lakebtc kraken bitstamp could replace its exchange.
The best exchange right now is BTC-e. They have been around for more than 4 years now, and they were never hacked during this entire time period. They require no verification, and they will never provide any user info to the United States government agencies.
I would to ask you, what is the reason that make you still use coinbase? is there no substitute for it?
in my opinion, bitpay could replace its payment, lakebtc kraken bitstamp could replace its exchange.
in my opinion, bitpay could replace its payment, lakebtc kraken bitstamp could replace its exchange.
Yes I agree with you, bitcoin itself isn't the problem ... The real problems are (obviously) the governments and their laws (always restrictive). For the question about a full decentralized exchange, I think in the next few years we will see a couple of new exchange only with crypto currency (because the FIAT part is the problem).
This kind of thinking will kill bitcoin. Just think about it. It's like saying the disease isn't the problem, the person whose immune system couldn't defend against it is. Well, either way, that person is gonna die if he doesn't get help.
Stop laying the blame on governments. What we need is a solution, not whining about how much governments suck.
It is obviously we need a solution I have only said that the governments are the problem, not the bitcoin. My solution is to start use bitcoin as money much more than FIAT money (and I know it is very difficult to use it as money for the various purchases).
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