Topic: How to sell bitcoins on an exchange - page 4. (Read 4311 times)
Maybe OP does not want to go through the hassles of verifying his ID because asides that, I've never heard of an exchange asking where any coin came from.
Op, do you know anyone who was asked to provide proof that bitcoin he is selling are obtained in a 'good' way?
I use exchanges frequently, and I never encountered anything like this. There is literally no way to give valid explanation about your BTC.
For example - if I earn my BTC through signature campaign and later decide to sell it, but exchange will ask me to tell then how I obtained my BTC.
I am afraid that there is actually no way of proving that. Plus, I think no one will be interested - unless you will be dealing with really HUGE number of coins.
even though if someone explain from where they got those bitcoins,the exchangers can't know whether the person is lying or not,the question is actually pointless,uselss,and violating their client's privacy,especially if they're forcing about it I use exchanges frequently, and I never encountered anything like this. There is literally no way to give valid explanation about your BTC.
For example - if I earn my BTC through signature campaign and later decide to sell it, but exchange will ask me to tell then how I obtained my BTC.
I am afraid that there is actually no way of proving that. Plus, I think no one will be interested - unless you will be dealing with really HUGE number of coins.
Op, do you know anyone who was asked to provide proof that bitcoin he is selling are obtained in a 'good' way?
I use exchanges frequently, and I never encountered anything like this. There is literally no way to give valid explanation about your BTC.
For example - if I earn my BTC through signature campaign and later decide to sell it, but exchange will ask me to tell then how I obtained my BTC.
I am afraid that there is actually no way of proving that. Plus, I think no one will be interested - unless you will be dealing with really HUGE number of coins.
I use exchanges frequently, and I never encountered anything like this. There is literally no way to give valid explanation about your BTC.
For example - if I earn my BTC through signature campaign and later decide to sell it, but exchange will ask me to tell then how I obtained my BTC.
I am afraid that there is actually no way of proving that. Plus, I think no one will be interested - unless you will be dealing with really HUGE number of coins.
Selling bitcoin through exchange website is one among the method more traders prefer than the common users. Traders hold good number of bitcoin into the exchange websites expecting for the price variation and when price increase happens or with some profit margin post the selling for the buyers.
it seems you're just choosing the wrong exchanger, the purpose of people using bitcoin is because they want privacy even if bitcoin is not fully anonymous you still have a chance to keep your privacy,only government have the right to ask you such important thing,if the exchangers are trying to violate your privacy then just get away,they're not worth for exchanging for now and in the future
May anyone suggest me a safe minor exchange to begin trading? We have some altcoin to sell. Most of them originated from mining.
We don't care cashing out for USD.
I never saw it before. Maybe you should use another exchange site. It's not nice when the exchange wants to know from where the BTCs came, because it can came from many different places and nobody had the obrigation to say!
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its really if there is an exchange that asked to you where you get your bitcoins because like other members said, i never have this experience and so far i am have bitcoin on polo, yobit, btc-e, huobi, kraken, they don't asked me where i get my bitcoin although my bitcoin is not big in that exchange. that exchange i have join just want me to get verified so i can increase the limit withdraw, only that and not to clarify where and how i get the bitcoin so maybe you can try with other exchange.
I wonder how I am supposed to sell bitcoins on an exchange. I have been considering several and have gone through the KYC/AML process for three exchanges. The problem is once I sell my coins they might ask me to prove where I got them from. Keep in mind I am not intending to withdraw the FIAT, I just want to sell high and rebuy lower, and withdraw the coins.
The problem with proving the source of my coins is, how the hell do I do it? I bought them on MtGox and they can't ask MtGox for verification. Even if they did, the coins have gone through several addresses over the years. I can't even trace it back to the MtGox purchase since they went through other exchanges (and got mixed).
So what is one supposed to do here?
The problem with proving the source of my coins is, how the hell do I do it? I bought them on MtGox and they can't ask MtGox for verification. Even if they did, the coins have gone through several addresses over the years. I can't even trace it back to the MtGox purchase since they went through other exchanges (and got mixed).
So what is one supposed to do here?
Maybe you can exchange BTC/USD. You can do that in any trading platform. You have to bid low on buying USD to BTC then sell BTC when the price of BTC/USD pumps. Then withdraw it. As simple as that.
As long as you are not intending to withdraw fiats and for deposit/withdraw you always stick within cryptocurrencies, many exchanges will not bother your documents. Just email and mobile verification are enough.
Karaken is such exchange. I guess they do not need mobile verification too for "only cryptocurrencies" traders.
Karaken is such exchange. I guess they do not need mobile verification too for "only cryptocurrencies" traders.
Why not use an exchange like poloniex where you can freely buy and sell without giving too much information? They have a USDT which is a US dollar tether that represents the price of US dollar.
it seems you're just choosing the wrong exchanger, the purpose of people using bitcoin is because they want privacy even if bitcoin is not fully anonymous you still have a chance to keep your privacy,only government have the right to ask you such important thing,if the exchangers are trying to violate your privacy then just get away,they're not worth for exchanging for now and in the future
Actually trust me. Most of the real fiat world exchanges like Paypal,Netflix,Skrill all do this. They will suddenly block your account and ask you for ID, and then will ask you for the source of the cash. If you fail to provide a convincing reason, they will freeze your funds and you will be the big loser. I believe even Cryptsy had a case like this in the recent year.
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it seems you're just choosing the wrong exchanger, the purpose of people using bitcoin is because they want privacy even if bitcoin is not fully anonymous you still have a chance to keep your privacy,only government have the right to ask you such important thing,if the exchangers are trying to violate your privacy then just get away,they're not worth for exchanging for now and in the future
An exchange will never ask you where you got the coins from. If they do, then you are clearly on the wrong exchange. Only the government may ask you about the source of that exchanged money after the trade, and you can always tell them you had bought it from Mtgox. They might ask you how you paid for it, and you should be able to provide that proof.
How are they going to know where the coins came from? Does any bank ever ask where you got the cash you're depositing? No, they don't. And I certainly haven't been asked by Circle, Coinbase, Yobit, or Poloniex where my bitcoin/Dash/Doge came from. Whatever answer I gave them wouldn't be verifiable anyway.
Good luck. I recommend Circle. They've been damn easy to use, and they're reliable. Or you could sell what you have on this forum. Be careful of the scammers, though. They're everywhere.
Good luck. I recommend Circle. They've been damn easy to use, and they're reliable. Or you could sell what you have on this forum. Be careful of the scammers, though. They're everywhere.
I wonder how I am supposed to sell bitcoins on an exchange. I have been considering several and have gone through the KYC/AML process for three exchanges. The problem is once I sell my coins they might ask me to prove where I got them from. Keep in mind I am not intending to withdraw the FIAT, I just want to sell high and rebuy lower, and withdraw the coins.
The problem with proving the source of my coins is, how the hell do I do it? I bought them on MtGox and they can't ask MtGox for verification. Even if they did, the coins have gone through several addresses over the years. I can't even trace it back to the MtGox purchase since they went through other exchanges (and got mixed).
So what is one supposed to do here?
The problem with proving the source of my coins is, how the hell do I do it? I bought them on MtGox and they can't ask MtGox for verification. Even if they did, the coins have gone through several addresses over the years. I can't even trace it back to the MtGox purchase since they went through other exchanges (and got mixed).
So what is one supposed to do here?
Let's minimize the work first. First we startup at those three exchange you are talking about that you do a KYC thing process but still having a problem. Can you named those three exchanges?
As far as my own idea is concerned, the one who are strict to the source of the coin is the local exchange that legitimately operating in a certain country. But they are not putting that in a so much research since there it's hassle to do some deep research about where the coins came from.
I never saw it before. Maybe you should use another exchange site. It's not nice when the exchange wants to know from where the BTCs came, because it can came from many different places and nobody had the obrigation to say!
I wonder how I am supposed to sell bitcoins on an exchange. I have been considering several and have gone through the KYC/AML process for three exchanges. The problem is once I sell my coins they might ask me to prove where I got them from. Keep in mind I am not intending to withdraw the FIAT, I just want to sell high and rebuy lower, and withdraw the coins.
The problem with proving the source of my coins is, how the hell do I do it? I bought them on MtGox and they can't ask MtGox for verification. Even if they did, the coins have gone through several addresses over the years. I can't even trace it back to the MtGox purchase since they went through other exchanges (and got mixed).
So what is one supposed to do here?
The problem with proving the source of my coins is, how the hell do I do it? I bought them on MtGox and they can't ask MtGox for verification. Even if they did, the coins have gone through several addresses over the years. I can't even trace it back to the MtGox purchase since they went through other exchanges (and got mixed).
So what is one supposed to do here?
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