why is it so hard to buy bitcoin - page 14.

Dodoymabs

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Quote from: fedorkr6 on October 17, 2017, 03:46:54 AM

When I very first received into Bitcoin is appeared challenging to buy. I believe it has gotten simpler, but it is still not extremely simple for the typical person. Bitcoin ATMs would seem to be the least difficult way for a beginner to buy Bitcoins, but there are not a lot of all around.

It depends on your location.Nowadays there are many hackers and scammers.Some countries tighten their security for the purpose of preventing the bitcoin to be stolen.And they can easyli track because they have picture and id.Dont worry because their purpose is for good and for your own security to be tighten.

fedorkr6

newbie

Activity: 53

Merit: 0

When I very first received into Bitcoin is appeared challenging to buy. I believe it has gotten simpler, but it is still not extremely simple for the typical person. Bitcoin ATMs would seem to be the least difficult way for a beginner to buy Bitcoins, but there are not a lot of all around.

UzumakiSakuragi

member

Activity: 140

Merit: 10

Quote from: calkob on November 08, 2016, 11:41:45 AM

I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on.

this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off. Huh

I've also encountered this, in our local wallet, it required me to send them a picture of me holding my valid ID before they would confirm my wallet, if not, I won't be able to withdraw any amount of bitcoin or local currency anywhere. At first I thought it was a scam, because they could use my ID in some scams, then I will be the one to pay for their crime, but actually, that local wallet is legit and now I'm enjoying using it.

bradleyb5155

newbie

Activity: 59

Merit: 0

Theres a lot of fees and verifications its because its regulated in the US and it's a little harder to get your hands on some.
For larger amounts I recommend local bitcoin since its easy and fast.
The fees and usually a little hefty though like 3% but its usually the case everywhere
Coinmama is a good runner up

viktors7

newbie

Activity: 39

Merit: 0

Trade must comply with some guidelines, then they need to just take care about this info

inevertell

full member

Activity: 172

Merit: 100

Quote from: mazzaneo on October 11, 2017, 01:26:34 PM

Partly the difficulty comes from an attempt to stop money laundering and criminality and partly it is due to a not yet fully formed market due to relatively low adoption. Both of these things will get easier over time.

No its wrong because buying bitcoins is the most easyest work and it is also the most easyest way to earn money in least time so it is not to hard to buy bitcoins that's why you should not be worried about buying bitcoins.

mikchail

newbie

Activity: 44

Merit: 0

If you just acquire the forex for bitcoins, then what is actually the point? Is there anything that you can't buy for cash? I feel that bitcoin is only for those who earn them. Until finally there is the fact that you can only acquire with bitcoin, the need will not increase.

mazzaneo

sr. member

Activity: 300

Merit: 250

Partly the difficulty comes from an attempt to stop money laundering and criminality and partly it is due to a not yet fully formed market due to relatively low adoption. Both of these things will get easier over time.

nesh1

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I guess it is not that hard to buy bitcoins but is just too expensive for people like you and me to buy one that is why we to earn some through here or somewhere else to earn and invest that for later.

yvesp110

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Quote from: Naruil on October 10, 2017, 11:09:48 AM

Quote from: Trela on October 10, 2017, 07:51:53 AM

Quote from: geopolisch on October 10, 2017, 06:32:54 AM

Quote from: Rosberger on October 03, 2017, 04:10:39 AM

Quote from: chocolah29 on October 03, 2017, 03:34:29 AM

Quote from: passwordnow on October 02, 2017, 06:55:34 PM

Quote from: Jameseversmile on October 02, 2017, 05:45:18 PM

I don't think one will consider it hard to get, except if u want to remain anonymous. If u are ready for verifications u can always get bitcoin except if u are from China

Yap, those exchanges that are requiring identifications can trust you now to buy bitcoins whenever you want. But if you are using a shitty exchange like yobit then you'll really have trouble for purchasing your bitcoins. And not only bitcoin is the one that's having problem there and also many coins. Not only with the deposits but mostly with the withdrawals.

Make life more simple and less complicated.
Why bother to buy those exchanges if you don't like the way they manage?
Just buy to trusted sites like bittrex and etherdelta so you can transact with no hassle.
And you'll not be worried to transact here as many users trade here and they cater a lot of coins.

I agree with you i personally think that it is not that hard to buy bitcoin because of the price it could be but with so many exchanges around the world you can not even know which one to trust so i would suggest to you choose blockchain.

This is quite true that it is difficult to buy yourself some good amount of bitcoins just for the sole reason that the prices are quite high. The other reason is that no one is ready enough to sell them and you need to search for some of the best sites for sake of earning more and more collecting them into your wallets. I personally use the blockchain and investment system to increase my and Btc growth as well.

No one want to sell Bitcoin with cheap price, therefore if you want to buy Bitcoin when it become rare more, you need to spend a lot of money and increase your bid. We are a large community, I do not think nobody can not sell Bitcoin if you want to buy it, of course, unless your bid is bad.

I agree with you if more people want it the price will also go high and the community is getting bigger and bigger by the day this way the price of one bitcoin for $5k is actually cheap if you think about how money people are willing to buy it, and sometimes people even pay more then needed for it it would be overbidding and you would not easily make profit out of it.

I will not say that the price 5k dollars for one bitcoin is cheap just because of the rising demand and limited supply. It is very expensive but that does not mean we cannot buy bitcoin. There are two ways to have this digital asset, either you earn it or buy it. If someone is interested in buying, he must invest small amounts to get fractions of bitcoin. this way, it won't burden him.

Milo_Kidd

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Activity: 168

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Quote from: KennyR on October 10, 2017, 11:18:27 AM

Quote from: Trela on October 10, 2017, 07:51:53 AM

Quote from: geopolisch on October 10, 2017, 06:32:54 AM

Quote from: Rosberger on October 03, 2017, 04:10:39 AM

Quote from: chocolah29 on October 03, 2017, 03:34:29 AM

Quote from: passwordnow on October 02, 2017, 06:55:34 PM

Quote from: Jameseversmile on October 02, 2017, 05:45:18 PM

I don't think one will consider it hard to get, except if u want to remain anonymous. If u are ready for verifications u can always get bitcoin except if u are from China

Yap, those exchanges that are requiring identifications can trust you now to buy bitcoins whenever you want. But if you are using a shitty exchange like yobit then you'll really have trouble for purchasing your bitcoins. And not only bitcoin is the one that's having problem there and also many coins. Not only with the deposits but mostly with the withdrawals.

Make life more simple and less complicated.
Why bother to buy those exchanges if you don't like the way they manage?
Just buy to trusted sites like bittrex and etherdelta so you can transact with no hassle.
And you'll not be worried to transact here as many users trade here and they cater a lot of coins.

I agree with you i personally think that it is not that hard to buy bitcoin because of the price it could be but with so many exchanges around the world you can not even know which one to trust so i would suggest to you choose blockchain.

This is quite true that it is difficult to buy yourself some good amount of bitcoins just for the sole reason that the prices are quite high. The other reason is that no one is ready enough to sell them and you need to search for some of the best sites for sake of earning more and more collecting them into your wallets. I personally use the blockchain and investment system to increase my and Btc growth as well.

No one want to sell Bitcoin with cheap price, therefore if you want to buy Bitcoin when it become rare more, you need to spend a lot of money and increase your bid. We are a large community, I do not think nobody can not sell Bitcoin if you want to buy it, of course, unless your bid is bad.

Yes, even now what it has reached is very big. But very few sell it, just on their emergency requirement. This is all because of the trust people have over the asset. Now the community keeps on growing further making it to be the future of economic system. Growth too is promised, which makes it get spread easily.

I haven't tried to buy bitcoins yet but for me the hard thing her is the trust. Make sure that you are dealing with people who are trusted one not the scammers. If I buy bitcoin this might be might biggest fear which is to be scammed.

KennyR

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Activity: 2310

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Trela on October 10, 2017, 07:51:53 AM

Quote from: geopolisch on October 10, 2017, 06:32:54 AM

Quote from: Rosberger on October 03, 2017, 04:10:39 AM

Quote from: chocolah29 on October 03, 2017, 03:34:29 AM

Quote from: passwordnow on October 02, 2017, 06:55:34 PM

Quote from: Jameseversmile on October 02, 2017, 05:45:18 PM

I don't think one will consider it hard to get, except if u want to remain anonymous. If u are ready for verifications u can always get bitcoin except if u are from China

Yap, those exchanges that are requiring identifications can trust you now to buy bitcoins whenever you want. But if you are using a shitty exchange like yobit then you'll really have trouble for purchasing your bitcoins. And not only bitcoin is the one that's having problem there and also many coins. Not only with the deposits but mostly with the withdrawals.

Make life more simple and less complicated.
Why bother to buy those exchanges if you don't like the way they manage?
Just buy to trusted sites like bittrex and etherdelta so you can transact with no hassle.
And you'll not be worried to transact here as many users trade here and they cater a lot of coins.

I agree with you i personally think that it is not that hard to buy bitcoin because of the price it could be but with so many exchanges around the world you can not even know which one to trust so i would suggest to you choose blockchain.

This is quite true that it is difficult to buy yourself some good amount of bitcoins just for the sole reason that the prices are quite high. The other reason is that no one is ready enough to sell them and you need to search for some of the best sites for sake of earning more and more collecting them into your wallets. I personally use the blockchain and investment system to increase my and Btc growth as well.

No one want to sell Bitcoin with cheap price, therefore if you want to buy Bitcoin when it become rare more, you need to spend a lot of money and increase your bid. We are a large community, I do not think nobody can not sell Bitcoin if you want to buy it, of course, unless your bid is bad.

Yes, even now what it has reached is very big. But very few sell it, just on their emergency requirement. This is all because of the trust people have over the asset. Now the community keeps on growing further making it to be the future of economic system. Growth too is promised, which makes it get spread easily.

Naruil

newbie

Activity: 16

Merit: 0

Quote from: Trela on October 10, 2017, 07:51:53 AM

Quote from: geopolisch on October 10, 2017, 06:32:54 AM

Quote from: Rosberger on October 03, 2017, 04:10:39 AM

Quote from: chocolah29 on October 03, 2017, 03:34:29 AM

Quote from: passwordnow on October 02, 2017, 06:55:34 PM

Quote from: Jameseversmile on October 02, 2017, 05:45:18 PM

I don't think one will consider it hard to get, except if u want to remain anonymous. If u are ready for verifications u can always get bitcoin except if u are from China

Yap, those exchanges that are requiring identifications can trust you now to buy bitcoins whenever you want. But if you are using a shitty exchange like yobit then you'll really have trouble for purchasing your bitcoins. And not only bitcoin is the one that's having problem there and also many coins. Not only with the deposits but mostly with the withdrawals.

Make life more simple and less complicated.
Why bother to buy those exchanges if you don't like the way they manage?
Just buy to trusted sites like bittrex and etherdelta so you can transact with no hassle.
And you'll not be worried to transact here as many users trade here and they cater a lot of coins.

I agree with you i personally think that it is not that hard to buy bitcoin because of the price it could be but with so many exchanges around the world you can not even know which one to trust so i would suggest to you choose blockchain.

This is quite true that it is difficult to buy yourself some good amount of bitcoins just for the sole reason that the prices are quite high. The other reason is that no one is ready enough to sell them and you need to search for some of the best sites for sake of earning more and more collecting them into your wallets. I personally use the blockchain and investment system to increase my and Btc growth as well.

No one want to sell Bitcoin with cheap price, therefore if you want to buy Bitcoin when it become rare more, you need to spend a lot of money and increase your bid. We are a large community, I do not think nobody can not sell Bitcoin if you want to buy it, of course, unless your bid is bad.

I agree with you if more people want it the price will also go high and the community is getting bigger and bigger by the day this way the price of one bitcoin for $5k is actually cheap if you think about how money people are willing to buy it, and sometimes people even pay more then needed for it it would be overbidding and you would not easily make profit out of it.

ongels

full member

Activity: 196

Merit: 100

Using bitcoins, is very flexible to handle where ever country you go. because it is globally recognized, aside from that, There's more things you can do to your btc assets, such as trading and investing, Holding will also give you a chance to earn profit because time after time btc value fluctuates either positive or negative. all you need is to be patient time comes btc will soar up like a rocket.

Trela

legendary

Activity: 1106

Merit: 1001

The Decentralized TCP/IP Internet Protocol

Quote from: geopolisch on October 10, 2017, 06:32:54 AM

Quote from: Rosberger on October 03, 2017, 04:10:39 AM

Quote from: chocolah29 on October 03, 2017, 03:34:29 AM

Quote from: passwordnow on October 02, 2017, 06:55:34 PM

Quote from: Jameseversmile on October 02, 2017, 05:45:18 PM

I don't think one will consider it hard to get, except if u want to remain anonymous. If u are ready for verifications u can always get bitcoin except if u are from China

Yap, those exchanges that are requiring identifications can trust you now to buy bitcoins whenever you want. But if you are using a shitty exchange like yobit then you'll really have trouble for purchasing your bitcoins. And not only bitcoin is the one that's having problem there and also many coins. Not only with the deposits but mostly with the withdrawals.

Make life more simple and less complicated.
Why bother to buy those exchanges if you don't like the way they manage?
Just buy to trusted sites like bittrex and etherdelta so you can transact with no hassle.
And you'll not be worried to transact here as many users trade here and they cater a lot of coins.

I agree with you i personally think that it is not that hard to buy bitcoin because of the price it could be but with so many exchanges around the world you can not even know which one to trust so i would suggest to you choose blockchain.

This is quite true that it is difficult to buy yourself some good amount of bitcoins just for the sole reason that the prices are quite high. The other reason is that no one is ready enough to sell them and you need to search for some of the best sites for sake of earning more and more collecting them into your wallets. I personally use the blockchain and investment system to increase my and Btc growth as well.

No one want to sell Bitcoin with cheap price, therefore if you want to buy Bitcoin when it become rare more, you need to spend a lot of money and increase your bid. We are a large community, I do not think nobody can not sell Bitcoin if you want to buy it, of course, unless your bid is bad.

geopolisch

hero member

Activity: 1022

Merit: 511

Quote from: Rosberger on October 03, 2017, 04:10:39 AM

Quote from: chocolah29 on October 03, 2017, 03:34:29 AM

Quote from: passwordnow on October 02, 2017, 06:55:34 PM

Quote from: Jameseversmile on October 02, 2017, 05:45:18 PM

I don't think one will consider it hard to get, except if u want to remain anonymous. If u are ready for verifications u can always get bitcoin except if u are from China

Yap, those exchanges that are requiring identifications can trust you now to buy bitcoins whenever you want. But if you are using a shitty exchange like yobit then you'll really have trouble for purchasing your bitcoins. And not only bitcoin is the one that's having problem there and also many coins. Not only with the deposits but mostly with the withdrawals.

Make life more simple and less complicated.
Why bother to buy those exchanges if you don't like the way they manage?
Just buy to trusted sites like bittrex and etherdelta so you can transact with no hassle.
And you'll not be worried to transact here as many users trade here and they cater a lot of coins.

I agree with you i personally think that it is not that hard to buy bitcoin because of the price it could be but with so many exchanges around the world you can not even know which one to trust so i would suggest to you choose blockchain.

This is quite true that it is difficult to buy yourself some good amount of bitcoins just for the sole reason that the prices are quite high. The other reason is that no one is ready enough to sell them and you need to search for some of the best sites for sake of earning more and more collecting them into your wallets. I personally use the blockchain and investment system to increase my and Btc growth as well.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: killerfrost on October 09, 2017, 05:33:19 AM

Quote from: calkob on November 08, 2016, 11:41:45 AM

I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on.

this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off. Huh

There are many reasons why Bitcoin is so scarce. You also know that Bitcoin is created a lot but the number is limited and it has been scattered all over the world so the retention of some BTC is impossible. In addition, the price of a BTC is very high, so buying it becomes more difficult than buying gold or silver. In addition, some large investors have bought and hoarded a large number of BTCs, so the lack of market shares is a possibility.

I think we should look at it as a positive thing about bitcoin and we should not feel sad for the low amount of supply of bitcoin that are widely scattered in the world and in fact, we should be happy and we should get motivated to get more bitcoin because at the end of the day, we are the one who will benefit for holding bitcoin because if the supply of bitcoin will become low and lower in the next years and if the demand will continue to go up then it is an easy profit for us based on the law of demand and supply.

killerfrost

sr. member

Activity: 1988

Merit: 254

PredX - AI-Powered Prediction Market

Quote from: calkob on November 08, 2016, 11:41:45 AM

I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on.

this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off. Huh

There are many reasons why Bitcoin is so scarce. You also know that Bitcoin is created a lot but the number is limited and it has been scattered all over the world so the retention of some BTC is impossible. In addition, the price of a BTC is very high, so buying it becomes more difficult than buying gold or silver. In addition, some large investors have bought and hoarded a large number of BTCs, so the lack of market shares is a possibility.

theunbeatable

sr. member

Activity: 546

Merit: 258

I could either watch it happen or be a part of it

Quote from: dmamigo on March 29, 2017, 02:26:49 PM

Personally in my country it wasn't hard, just we had to use documents to buy or sell BTC. But recently our government and financial body stated that its better to avoid virtual currency, though no regulations or restriction is forced on us till now.

As we can all see, the procedures and implementations regarding in bitcoin and cryptocurrency is different, Because almost all platforms are in their development stage and countries are not all aware (even the people) regarding this cryptocurrencies - this is the reason why it is hard to buy bitcoin. There are only just two exchanges here and you can only exchange when you are in city (in my country). Imagine the hassle and stress just to buy some. But this is likely to change in 3 years time because almost all projects are pushing a cryptocurrency based platform and just like the internet in the early 90's. Crypto industry will rise and spread all over the world.

bittylicious

newbie

Activity: 3

Merit: 0

Quote from: calkob on November 08, 2016, 11:41:45 AM

I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on.

What do you mean by us at Bittylicious needing four different forms of ID? We just require one proof of name and one proof of address if you're buying a non-negligable amount. See https://help.bittylicious.com/index.php/Accepted_forms_of_ID

In essence, it's hard to buy Bitcoin because there's so much fraud around, and requesting ID means we can reduce the likelihood of fraud a lot.

Topic: why is it so hard to buy bitcoin - page 14. (Read 30175 times)