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Topic: Why bitcoin is going nowhere (too hard to buy bitcoin) - page 4. (Read 8959 times)

hero member
Activity: 798
Merit: 1000
well you can always go to https://localbitcoins.com/instant-bitcoins/
And select the city you live in, and maybe there are people near your area who you can meet to buy bitcoins.
Or you open your own australian exhange, to sell people bitcoins easier then the other websites in your country!

Lets say if i were to open an exchange in a country where bitcoins were not available easily.
What would i require for that ?

Regards

Duke

You would need a huge budget, to employ people, educate them about bitcoin and then make them learn what to do.
Seriously, you're much better off using an existing exchange.
legendary
Activity: 1974
Merit: 1108
Free Free Palestine
well you can always go to https://localbitcoins.com/instant-bitcoins/
And select the city you live in, and maybe there are people near your area who you can meet to buy bitcoins.
Or you open your own australian exhange, to sell people bitcoins easier then the other websites in your country!

Lets say if i were to open an exchange in a country where bitcoins were not available easily.
What would i require for that ?

Regards

Duke
hero member
Activity: 798
Merit: 1000
legendary
Activity: 826
Merit: 1002
amarha
sr. member
Activity: 476
Merit: 250
Do you object to providing detailed personal information to a well-known company? BTC Markets verifies your identity through greenID; BTC Markets never even sees the information you provide to greenID.

Yeah but without registraion as a Money Service Business in the USA and each and every of he 48 states requiring such registration, that service will be useless for USA citizens.
legendary
Activity: 1789
Merit: 1008
Keep it dense, yeah?
Just use localbitcoins or BTC-e - no personal info required!

Surely you need to share some degree of personal info with BTC-E or the companies it associates with in order to load your account with funds.

I personally bought on Bittylicious and Localbitcoins. Everything was surprisingly smooth.
member
Activity: 123
Merit: 10
 "I can meet the local drug dealers on the corner and do a shady deal"

Are you saying that BTC'ers are criminals? ;p
legendary
Activity: 1722
Merit: 1217
bitcoin atms are popping up all over the place. this is the next step for bitcoin adoption.
hero member
Activity: 546
Merit: 500
Carpe Diem
I think OP is trying to say its hard to get mass adoption because it's so hard to buy BTC. I agree with him. In the US it's such a pain to buy for the average joe. They are used to something simple like schwab or Ameritrust or you call your broker and they buy whatever you tell them to do.
legendary
Activity: 2324
Merit: 1125
If things are hard to get it usually has the opposite effect.
legendary
Activity: 4536
Merit: 3188
Vile Vixen and Miss Bitcointalk 2021-2023
Do you object to providing detailed personal information to a well-known company? BTC Markets verifies your identity through greenID; BTC Markets never even sees the information you provide to greenID.
member
Activity: 68
Merit: 10
Just use localbitcoins or BTC-e - no personal info required!
sr. member
Activity: 476
Merit: 250
newbie
Activity: 46
Merit: 0
oh youre talking about personal rather than general  Shocked

Indeed! That's just one particular circumstance! It's better to find someone close to you and ready to sell you some coins.
sr. member
Activity: 434
Merit: 511
well you can always go to https://localbitcoins.com/instant-bitcoins/
And select the city you live in, and maybe there are people near your area who you can meet to buy bitcoins.
Or you open your own australian exhange, to sell people bitcoins easier then the other websites in your country!
hero member
Activity: 686
Merit: 500
oh youre talking about personal rather than general  Shocked
member
Activity: 68
Merit: 10
Ok, so I want some bitcoin in Australia.

What are my choices? I can meet the local drug dealers on the corner and do a shady deal, or I can provide detailed personal information to some unknown company. I have a credit card account and I can buy $1000 products online anywhere in the world, but I can't buy bitcoin.

Here is the registration questionnaire (https://anxbtc.com/#setting_verification) for ANXBTC bitcoin exchange before I can purchase bitcoin:

 
Quote
      Applicant Information

First Name
Last Name
Address
City
State/ Province/ Region
Country of Residence
ZIP/ Postal Code
Mobile Phone Number
Date of Birth


        Occupation, Income and Source of Funds

Occupation
If 'Employed' or 'Self-Employed is chosen, please specify:
If 'Other' is chosen, please specify:
Source of Funds (multiple options can be selected)
 Salary
 Saving
 Inheritance
 Other
If 'Other' is chosen, please specify:
Annual Income


        Nature of Activity

If 'Other' is chosen, please specify:


        Proof of Identity and Address

Please upload the following documents:

(1) Proof of identity

  * Must be valid (i.e. not expired) government issued ID. ANX accept
    the following:
      o International Passport (both sides)
      o National ID Card (both sides)
      o Permanent Driver's License (both sides)


(2) Proof of address

  * Must not be older than 3 months
  * We accept only the following:
      o Bank statement
      o Utility bill for utilities consumed at your home address
      o Tax return, property tax bill
      o Election/Voters ID


Additionally:
*Documents must be in the following formats: jpg, png, gif, pdf.
*Documents must be scanned in colour with minimum of 300dpi resolution
*Documents must be entirely visible
*Proof of residency document must be a scanned image of a paper
document, not an electronic substitute. Electronic versions of proof of
address will not be accepted.
Drop files here to upload


Upload Files

Having trouble uploading the documents? Please contact [email protected]



        Declaration

 I do hereby solemnly declare that the information provided is
up-to-date and correct. The documents provided as proof of identity and
proof of address has been self-attested. I authorize ANX to verify the
information provided to confirm its accuracy.
Submit Cancel
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