US based users have some good US oonly options that are hard to ignore. Have you been through the list from my OP.?
The reputable ones are also the ones requiring the most information out of you. The problem is the U.S. based ones are restricted by the American government to ask for all of the information for the KYC regulations. It's not so much that I am concerned with staying private or anonymous, but more that I simply do not trust them with my information. The same problem caused me to stop using Coinbase as well, once they got hit with the regulations. There are also others that have more fees than what my uses are worth.
Anonymity is something users are willing to give up on for better pricing on BTC/USD rates and fewer card fees. Same incentive behind signing up for a bitcoin exchange vs doing p2p trades.
Makes sense. I would be willing to give it up as well if I had another choice. Are you U.S. based? If so, which one out of all the ones you have tried would you recommend and trust with your personal information? Considering you are the OP in this thread, I would assume that you've got a pretty good idea of how the different providers compare. Of course, this is just conjecture, but I would still appreciate your input.
Additionally, how much information do they usually ask for? Besides full name and address, is actual identification proof asked for? How about even more sensitive items such as social security numbers, and how can one be sure that these won't be compromised either by the provider itself or by a hacker obtaining access to their database? Is there any sure way to know the information is actually secure or are we just left hoping that it is? That's really the only reason I don't trust these sites.
Not US based but I've used Coinbase in the past as a
bitcoin bank and convenient way to quickly exchange bitcoin and they're also the biggest bitcoin company so I'd say that I trust them. Their
debit card service is available to US residents and has some of the most attractive fees. I'd say give it a try if you're after a card that you'd use regularly for POS purchases, there are good comments all around about it.
KYC/AML info required is usually full name and address, sometimes with verification (Driver's license, utility bill) but can vary per provider. You'll see those when signing up in most cases.