Topic: WHY DO I NEED I.D. AND PROOF OF ADDRESS ?? - page 2. (Read 5080 times)
According to my views these exchanges are deal with banking system like you will need to deposit through banks/cards etc so it is the rules of banks that the person will need to provide his identity details without t any transaction is considered as illegal by the state law.
WHY DO I NEED I.D. AND PROOF OF ADDRESS TO BUY BITCOIN ??
tried to but bitcoin at several hubs/sites
they all asked for goverment issued id and proof of address
what gives ? i thought bitcoin was anonymous ?
any suggestions ?
tried to but bitcoin at several hubs/sites
they all asked for goverment issued id and proof of address
what gives ? i thought bitcoin was anonymous ?
any suggestions ?
Companies have to comply with 'know your customer' and 'anti money laundering' laws to be able to conduct business. You can always buy in person with cash using LocalBitcoins if that works for you.
If you want to convert your BTCs into your local currency you need to follow their rules. That is what the law wants. If you don't agree with that and don't want to give your personal informations, just use your Bitcoins to buy things on the internet. You won't need to give I.D for anyone. You can shop goods, buy it and ask to send to your living address.
The exchanges abide by the bank regulations to avoid further hurdles like money laundering and illegal accumulation of wealth,you have to provide the client details when law intervene and so is the reason they are asking for national ID as it is mandatory to identify the clients identity
What you can do is buy litecoin or another alt coin, then use shapeshift and trade it into bitcoin.
That way no one can connect you to your bitcoins
That way no one can connect you to your bitcoins
You could try local Bitcoins to purchase BTC without an ID.
Many options are available, you just have to look around. Try and find local Bitcoin meetup groups within your area, there is a large chance that people are looking to get cash for BTC.
Most of the sellers on lbtc these days ask you for ID too to make sure you are not sending money through a hacked account or something. Atleast been happening a lot recently in my country. Many options are available, you just have to look around. Try and find local Bitcoin meetup groups within your area, there is a large chance that people are looking to get cash for BTC.
It is better to be safe.
Otherwise, you can be the victim of a MIM attack like this person,
https://bitcointalksearch.org/topic/im-a-victim-of-mim-scam-now-the-police-is-investigating-help-1604317
This leads to a lesser risk when dealing with transactions involving monetary value.
Most of the sellers on lbtc these days ask you for ID too to make sure you are not sending money through a hacked account or something. Atleast been happening a lot recently in my country.
yeah. it didn't used to be that way. when I first used it nobody asked for any type of id. when I tried it again recently it was like using a regular service. I guess the sellers are much more professional than they used to be and much more paranoid about scammers and falling foul of regulations.
Most of the sellers on lbtc these days ask you for ID too to make sure you are not sending money through a hacked account or something. Atleast been happening a lot recently in my country.
yeah. it didn't used to be that way. when I first used it nobody asked for any type of id. when I tried it again recently it was like using a regular service. I guess the sellers are much more professional than they used to be and much more paranoid about scammers and falling foul of regulations.
You could try local Bitcoins to purchase BTC without an ID.
Many options are available, you just have to look around. Try and find local Bitcoin meetup groups within your area, there is a large chance that people are looking to get cash for BTC.
Most of the sellers on lbtc these days ask you for ID too to make sure you are not sending money through a hacked account or something. Atleast been happening a lot recently in my country. Many options are available, you just have to look around. Try and find local Bitcoin meetup groups within your area, there is a large chance that people are looking to get cash for BTC.
You could try local Bitcoins to purchase BTC without an ID.
Many options are available, you just have to look around. Try and find local Bitcoin meetup groups within your area, there is a large chance that people are looking to get cash for BTC.
Many options are available, you just have to look around. Try and find local Bitcoin meetup groups within your area, there is a large chance that people are looking to get cash for BTC.
So when I buy BTC from bank system that holds all of my information,
Then I send it to a wallet who has less of my information.
When I purchase or send BTC. How much information can these banks and wallets gather from the address that I send it to ?
Then I send it to a wallet who has less of my information.
When I purchase or send BTC. How much information can these banks and wallets gather from the address that I send it to ?
I do not know about that since maybe we have different bitcoin wallet. I bought bitcoin through banks and I have no problem with it. I remember having opening a bitcoin wallet I have to give them some personal information plus a digital copy of my government issued id.
Maybe those sites that you want to buy uses those things because they are legal. They needed your information so that there would be no fraudulent act to happen.
Maybe those sites that you want to buy uses those things because they are legal. They needed your information so that there would be no fraudulent act to happen.
Because if the police get suspicious about your activities, they will wanna know who you are. If the police asks about you, they will hand away your personal information to them and make the police's job easier. I don't know if they can scam you with those informations but it is probably possible.
As BitcoinNewsMagazine said, there are still ways to buy them without these checks but it normally comes at a cost premium. I suspect many of these buying channels will eventually be outlawed too.
I agree its sad to see the libertarian spirit die, but if you want BTC to rise in value and become a "proper" financial asset, which it just about now is, then you have to accept regulation. The more it happens, the more it will be used and bought.
I agree its sad to see the libertarian spirit die, but if you want BTC to rise in value and become a "proper" financial asset, which it just about now is, then you have to accept regulation. The more it happens, the more it will be used and bought.
WHY DO I NEED I.D. AND PROOF OF ADDRESS TO BUY BITCOIN ??
tried to but bitcoin at several hubs/sites
they all asked for goverment issued id and proof of address
what gives ? i thought bitcoin was anonymous ?
any suggestions ?
tried to but bitcoin at several hubs/sites
they all asked for goverment issued id and proof of address
what gives ? i thought bitcoin was anonymous ?
any suggestions ?
There is really need for it becaise it is a legal transaction relating money with the bank or someone. There is a requirement to validate the transaction and to know if it is really you who deposiyed and earned the money.
If you really dont want to put your proof and purchase the bitcoin then better you can purchase with your local bitcoiners or you can go to localbitcoins.com site their you can find lot of users selling for cash or bank transfers. Other then that all other exchanges are asking identification details. Or else you can buy with exchanges like yobit, bitrex
The only option left to you buying or selling bitcoin anonymously is individual sellers/buyers.There are few reputable but always use escrow or if you are skeptical,use exchanges and compromise on your anonymity
Its actually a bit difficult to buy coins without using any id at first.
You can probably find some trusted members on this site to buy from, but they may charge you higher fees at first, until you establish a relationship with them.
You can probably find some trusted members on this site to buy from, but they may charge you higher fees at first, until you establish a relationship with them.
That cuts both ways. It is difficult to sell bitcoins without using any id as well.
So ideally, the price that you buy/sell bitcoin on a forum like this without any id should not be very different from the market price (say on exchanges).
Bitcoin is anonymous, but a lot of these exchanges are trying to become reputable financial businesses,
so they have to follow some laws and guidelines.
Its actually a bit difficult to buy coins without using any id at first.
You can probably find some trusted members on this site to buy from, but they may charge you higher fees at first, until you establish a relationship with them.
so they have to follow some laws and guidelines.
Its actually a bit difficult to buy coins without using any id at first.
You can probably find some trusted members on this site to buy from, but they may charge you higher fees at first, until you establish a relationship with them.
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