It honestly just looks like you've been using crappy services.
1. 30% "mining fee"? What the heck is that. I'm guessing transaction fees but definitely not 30% of $200. Look for better exchange services available to your country. Or better yet, use P2P services like Bisq[1] and HodlHodl[2].
2. Use NitrogenSports.eu instead. It's a bitcoin-only betting site without KYC/AML(at least for now).
[1] https://bisq.network/
[2] https://hodlhodl.com/
Topic: New User - Problems Understanding Bitcoins Validity - page 2. (Read 355 times)
I understand how you feel, but it is because you do not understand about bitcoin, how will you pay 30% (transaction) mining fee and it takes more than 15 minutes for you to receive your bitcoin in your wallet, this is not possible. Instead of banks, you can buy bitcoin using p2p exchange if you need privacy.
Know that bitcoin is not anonymous, but it is pseudonymous, it can work in a way no one will be able to link your bitcoin transaction to your identity. You can try and buy bitcoin using mycelium wallet, there are many p2p exchanges you can purchase without kyc. You can then send from mycelium to your betting site of your choice. Youu can send as low as $0.1 or less as fee if well planned.
It is just because you are getting things wrongly about bitcoin.
Know that bitcoin is not anonymous, but it is pseudonymous, it can work in a way no one will be able to link your bitcoin transaction to your identity. You can try and buy bitcoin using mycelium wallet, there are many p2p exchanges you can purchase without kyc. You can then send from mycelium to your betting site of your choice. Youu can send as low as $0.1 or less as fee if well planned.
It is just because you are getting things wrongly about bitcoin.
Please help me understand where I went wrong. 
Bought $200 USD of Bitcoin for online gambling. Used debit card. "Simplex" appeared online banking account. Bank account immediately blocked. Forced to talk to bank representative to remove hold. Questions about WHY I was using Simplex. It was obvious the bank knows Simplex = Bitcoin.
After this hassle (never-mind setting up the wallet with passwords) I payed a 30% commission for something called a "mining fee". This took 1+ hour to receive. Missed my bet. Wanted to put more money on gambling (UFC MMA fighting) last night. Used same bitcoin broker for another $200 USD. This time they demanded copies of my passport or US Drivers license!
1) That's an invasion of privacy.
Privacy invasion defeats the purpose of bitcoin yes? I was told that Bitcoin is an anonymous form of currency with better rates then the bank. There is no privacy with a debit card let alone a passport or Drivers license. I paid 30% mining commission to use my bitcoins! It look 1+ hour to deposit in my wallet!
1) Less privacy than the bank
2) Insane 30% commission
3) Longer wait to get your money
What is the point of using Bitcoins with huge privacy invasions? And a 30% commission mining fee?
Is there something I'm missing here ?
Bought $200 USD of Bitcoin for online gambling. Used debit card. "Simplex" appeared online banking account. Bank account immediately blocked. Forced to talk to bank representative to remove hold. Questions about WHY I was using Simplex. It was obvious the bank knows Simplex = Bitcoin.
After this hassle (never-mind setting up the wallet with passwords) I payed a 30% commission for something called a "mining fee". This took 1+ hour to receive. Missed my bet. Wanted to put more money on gambling (UFC MMA fighting) last night. Used same bitcoin broker for another $200 USD. This time they demanded copies of my passport or US Drivers license!
1) That's an invasion of privacy.
Privacy invasion defeats the purpose of bitcoin yes? I was told that Bitcoin is an anonymous form of currency with better rates then the bank. There is no privacy with a debit card let alone a passport or Drivers license. I paid 30% mining commission to use my bitcoins! It look 1+ hour to deposit in my wallet!
1) Less privacy than the bank
2) Insane 30% commission
3) Longer wait to get your money
What is the point of using Bitcoins with huge privacy invasions? And a 30% commission mining fee?
Is there something I'm missing here ?
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