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Topic: why is it so hard to buy bitcoin - page 29. (Read 30191 times)

newbie
Activity: 56
Merit: 0
March 08, 2017, 09:17:05 PM
It is not difficult to buy bitcoins. Hand someone cash, they send you bitcoins, done! Lately Bitcoin seems to have entered a kind of equilibrium. On the one hand, it has mostly purged ...
hero member
Activity: 2310
Merit: 532
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March 08, 2017, 09:07:25 PM
When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.
Bitcoin ATM's very limited in number compared to the available exchange and trading platforms. Bitcoin ATM's also levy high fee than the exchange websites. I believe it's quite easy to buy bitcoin through exchanges than finding an ATM and getting out of it.
hero member
Activity: 3038
Merit: 634
March 08, 2017, 08:04:58 PM
When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.

I thought about it too when I was still new in bitcoins. But I don't find it hard to buy nowadays since there are a lot of exchanges and as well as local.

Maybe it will depend on what part on Earth you are living if bitcoin isn't popular or named to that place then for sure.

That will be a hard thing for a person wants to buy bitcoin.
hero member
Activity: 1008
Merit: 510
March 08, 2017, 07:59:28 PM
When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.
member
Activity: 93
Merit: 10
It Can Only Get Better
March 08, 2017, 10:41:47 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

Most likely caused by your choice of payment
full member
Activity: 1083
Merit: 100
March 08, 2017, 08:55:50 AM
maybe not is hard. Only need time.
legendary
Activity: 1008
Merit: 1060
March 08, 2017, 08:17:42 AM
Exchange must follow some rules, then they need to take care about this information
That is BS someone trying to buy less than $50 should be able to instantly buy with credit card without any identification, when I was new in crypto I was forced to turn to cloud mining services to obtain some bitcoins because that was the only way until I found some local exchanges selling me and buying from me though under my country's laws, meaning they can never scam me. you just need to find a local exchange that's all.

For some people this is the hard part to buy Bitcoins, because they don't want to give their informations or they don't have the specific necessary informations like documents or bank account to have a credit card for an example. But there isn't nothing to do about it, or you earn all your Bitcoin on the internet working or you need to follow the country regulamentations to have access to Bitcoins.

[1]Who doesn't own a bank account this days ?

[2]There are a lot of ways to buy bitcoin without giving any single document to prove your identity.

I don't remmeber having providing my Identity document to an entity to prove who I am, until now

[1] Apparently, a lot of people.

People that:
1. Don't believe in banks.
2. Too poor to get one.
3. Don't even have bank in their place.
4. Doesn't have any money to put in the bank.
5. Are too young to get one.
6. Are too old to understand how it works.
7. Are unemployed (most of them since they aren't going to use it anyway).

[2] You were lucky to be one of those people that knows about localbitcoin and whatnot. Most people only depend on bitcoin exchange sites and all those websites require you to verify your identity. The verification process is much more harder nowadays. You have to upload a selfie of you holding the ID while back then, you simply have to upload an ID.
hero member
Activity: 532
Merit: 500
March 06, 2017, 06:30:23 PM
Exchange must follow some rules, then they need to take care about this information
but to me i do not think that it is so hard to buy bitcoin i think from local bitcoin you can buy bitcoin very easily. to me i am using Urdubit for buying bitcoin and i do that i no time.
copper member
Activity: 2940
Merit: 4101
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March 06, 2017, 10:30:44 AM
Exchange must follow some rules, then they need to take care about this information
That is BS someone trying to buy less than $50 should be able to instantly buy with credit card without any identification, when I was new in crypto I was forced to turn to cloud mining services to obtain some bitcoins because that was the only way until I found some local exchanges selling me and buying from me though under my country's laws, meaning they can never scam me. you just need to find a local exchange that's all.

For some people this is the hard part to buy Bitcoins, because they don't want to give their informations or they don't have the specific necessary informations like documents or bank account to have a credit card for an example. But there isn't nothing to do about it, or you earn all your Bitcoin on the internet working or you need to follow the country regulamentations to have access to Bitcoins.

Who doesn't own a bank account this days ? There are a lot of ways to buy bitcoin without giving any single document to prove your identity.
I don't remmeber having providing my Identity document to an entity to prove who I am, until now
legendary
Activity: 1442
Merit: 1025
March 06, 2017, 09:34:32 AM
I wouldn't say it's hard to buys btc...
In fact it's rather easy, there are dozens of sites selling btc and you can see a lot in signature of the forum Grin
But it's freaking expensive!!!
You always have to pays around 10% of various fees whenever you want to buy some!
Unless you use local bitcoin, which is for me the best of the best of bitcoin trading website.
I agree with what you are saying and i never had any problems with buying Bitcoin.
But if you want to buy a Bitcoin you have to pay over $1,200 and that is without the fees that come extra.
Actually when I was new to bitcoins I had few issues since I did not know how to buy them and locally I don't even know a single guy that knows about bitcoins.

But with time I learned a lot and now in a blink of an eye I can buy as much bitcoins as I require. One of the easiest and simplest way to buy bitcoins is localbitcoins and if that does not suits you and you want a e-currency to bitcoins exchange then visit the currency exchange section here.
hero member
Activity: 1190
Merit: 525
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March 05, 2017, 07:57:40 PM
Exchange must follow some rules, then they need to take care about this information
That is BS someone trying to buy less than $50 should be able to instantly buy with credit card without any identification, when I was new in crypto I was forced to turn to cloud mining services to obtain some bitcoins because that was the only way until I found some local exchanges selling me and buying from me though under my country's laws, meaning they can never scam me. you just need to find a local exchange that's all.

For some people this is the hard part to buy Bitcoins, because they don't want to give their informations or they don't have the specific necessary informations like documents or bank account to have a credit card for an example. But there isn't nothing to do about it, or you earn all your Bitcoin on the internet working or you need to follow the country regulamentations to have access to Bitcoins.
hero member
Activity: 826
Merit: 500
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March 05, 2017, 07:41:12 PM
Not so hard !

You can do that any moment by PMing me Smiley
I sell BTC for paypal and others and I'm not the only one, go in the currency exchange section Wink
hero member
Activity: 924
Merit: 506
March 05, 2017, 06:55:19 PM
Exchange must follow some rules, then they need to take care about this information
That is BS someone trying to buy less than $50 should be able to instantly buy with credit card without any identification, when I was new in crypto I was forced to turn to cloud mining services to obtain some bitcoins because that was the only way until I found some local exchanges selling me and buying from me though under my country's laws, meaning they can never scam me. you just need to find a local exchange that's all.
hero member
Activity: 924
Merit: 505
March 05, 2017, 06:45:48 PM
Many people were on the harder times buying bitcoin because there were days or months when btc is very in demand specially these days of higher price of bitcoin and fluctuates small value. More bitcoin is on the consumers and supply always becoming low and demand is higher and thats why its price was now so expensive.
sr. member
Activity: 434
Merit: 250
March 05, 2017, 06:15:16 PM
Exchange must follow some rules, then they need to take care about this information
hero member
Activity: 1022
Merit: 500
March 05, 2017, 01:30:30 PM
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

You know what it will be hard only if you didn't do what they want you to do for you have a capability to buy bitcoin. So whatever restriction do they have the thing we can do only is to follow their rules and regulations.
legendary
Activity: 1190
Merit: 1013
March 05, 2017, 12:59:15 PM
in my country is not so difficult to buy bitcoin
in my country to buy bitcoin could use the money or tokens handphone
hero member
Activity: 2506
Merit: 645
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March 05, 2017, 12:39:59 PM
Well, now i have no any experience to buy the bitcoins. Because i started from faucets and signature campaign and also i did some work in service section, that's why i get 1 bitcoin, also it is enough for me.
But as you said than i am also confused, may be in future whenever i want to buy bitcoin, than it will be difficult for me.
hero member
Activity: 1022
Merit: 511
March 05, 2017, 10:37:28 AM
Its so hard to buy bitcoin now in peer to peer because they choose to keep it for they long investment.  Because they know the potential of bitcoin and they know how much they get profit in a future.
If you want to buy bitcoin i think go in bitfinex,c-cex and many more trading platforms its easy to buy bitcoin in online trading platform than to peer to peer.
They keep it for long investment ? What you mean brother because I have never seen a site that digest your money and rather than giving you bitcoins in return gives you a promise of paying with interest ..

Please can you tell us what actually you meant ? I am sorry if I missed something but really confused.

Peer to Peer you mean you meet someone online and buy ? Because I am doing 99% of exchanges like doge/btc, eth/btc peer to peer only.
hero member
Activity: 588
Merit: 500
March 05, 2017, 02:16:36 AM
I have tried to buy bitcoins once when I was needed to transfer big money to abroad. I wanted just to skip taxes and fees of ordinary banks, but i just couldn't - the operation just couldn't be provided. After this fail I didn't try to buy bitcoins, I just decided to put on side some % of my monthly earnings and that's it.
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