Topic: why is it so hard to buy bitcoin - page 44. (Read 30175 times)
if you buy bitcoin with paypal you'd be surprise only few takers will do. I've tried buying when i first learned about it, people turn down paypal.
you'd much prefer earning it here in the forum than buying. OR maybe provide services through your skills to get bitcoin.
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.
Practically, there is no any difficulty in buying of bitcoin except if you do not know how to or you are just a newbie into the cryptocurrency world. One other factor could be a possible restrictions in your country. 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.
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.
They are looking for those IDs so you can show them proof that you are actually who you said you are. You can always buy from your friends to buy bitcoins. I also think that uploading IDs is kind of a hassle. Even local exchanger requires you to submit an ID but most of the time they only require one ID which is pretty convenient compared to the 4 different IDs they were asking in bitty. 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.
Most bitcoin sellers in Localbitcoins only ask for additional documents if is your first time buying, if you use alternative payments system (like PP, Moneygram, WU, etc), if your bank account has different a name of the localbitcoins account. But normally if everthing is OK, it's not necessary -- it's bad indeed -- to ask for documents if everything fits well.
I never have a hard time selling my bitcoin. The local exchange where I put my bitcoin always allow me to sell my bitcoins anytime and to be hones I can easily convert it to fiat and transfer into my bank account. I think you should look for a good exchange site in your area.
legendary
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well if some sellers do request you to do that strange thing i call it as usual thing they need to do to make sure they're not going to be scammed by the buyers,nowaday there's so many credit card data stolen and some carders trying to take advantage of some bitcoin seller to get bitcoin by using their stolen credit card data,it's a challange indeed but if you do have the card then why don't just do that only if you don't mind
Now a lot of services through which you can buy Bitcoin. Only need to use proven exchangers. I'm buying Bitcoin for a few minutes and without problems
For me it ain't that hard to buy bitcoin now if I want to, just use a web wallet that allows you to buy bitcoin directly from them where you can pay them conveniently at a payment method of your choice. For that, I recommend coins.ph if you are in Philippines it is very convenient since you can pay it via 7 eleven stores nationwide. You can also pay them via bank which makes it very convenient.
I didn`t know about this measures on local bitcoins, probably there was to many scams, or scam attempts and they decided to rise security on a higher level. Do you have any ATM close to you, or maybe there is some other way for you to buy bitcoin without so many documents, like someone close, or you can even try to open a thread here and you can buy bitcoins from some trusted member.
Security with time will become more strict, and people will be more careful, bitcoin worth a lot now, and people don`t wish to be scammed for this valuable things they have in their possession.
Security with time will become more strict, and people will be more careful, bitcoin worth a lot now, and people don`t wish to be scammed for this valuable things they have in their possession.
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.
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.
Because there are more and more scammers who find new ways to cheat.
This really stops bitcoin growth.
If bitcoin was reversible, all those scammers will disappear ,but bitcoin will lose a big advantage.
i think it depends from your country , or try to get community in your country first , buy from some friend like what the other said , and you no need to use id card or another verification ,
hero member
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do you have a friends that having bitcoin in around you? then if you have, maybe you can ask them so sell it to you. or if you've feel to hard to buy in localbitcoin, then i suggest to you to search another seller that will help you to buy bitcoin from them. there is many sellers available in localbitcoin and you can choose another if the one you choose is not fit for you.
Yes it is aimed at the security and authenticity of your account. The identity will be safe and will not be disseminated. It's their rules and maybe you try to follow because it's not too hard in my opinion. Destination has such good and to prevent account theft and misuse of the account.
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.
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.
They are really strict because they dont want fraud the same as other members said here. They are just imposing their requirements its real hard though for those who dont have enough requirement but for those who have , transaction would be easy by the way if you found out thats difficult you couldalways seek for another legit exchanges though , there are lots of there actually. You just need to find and use which really suits you.
That's true. I believe this is to avoid any scams and doing illegal in bitcoin community like money laundering and other related things. Hence it's not government mandated but this is for our own security so they could easily track those people whose doing illegal.
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.
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.
They are really strict because they dont want fraud the same as other members said here. They are just imposing their requirements its real hard though for those who dont have enough requirement but for those who have , transaction would be easy by the way if you found out thats difficult you couldalways seek for another legit exchanges though , there are lots of there actually. You just need to find and use which really suits you.
That's true. I believe this is to avoid any scams and doing illegal in bitcoin community like money laundering and other related things. Hence it's not government mandated but this is for our own security so they could easily track those people whose doing illegal.
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.
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.
They are really strict because they dont want fraud the same as other members said here. They are just imposing their requirements its real hard though for those who dont have enough requirement but for those who have , transaction would be easy by the way if you found out thats difficult you couldalways seek for another legit exchanges though , there are lots of there actually. You just need to find and use which really suits you.
The exchange of fiat to Bitcoin and vice versa
is still (IMO) one of the weakest part of the system.
If you are not an early miner, or didn't earn Bitcoin years ago, you are forced to exchange local currency for BTC.
This means buying from a service that probably makes you register your paypal, bank account, government ID, etc.
And it's naive to think that some governments aren't already tracking people who exchange fiat for Bitcoin and the addresses they are using.
If you are fine giving all this information it's no problem,
but I dream of a day where I can escape fiat and my need for government issued currency.
That is real financial independence. (A boy can dream!)
is still (IMO) one of the weakest part of the system.
If you are not an early miner, or didn't earn Bitcoin years ago, you are forced to exchange local currency for BTC.
This means buying from a service that probably makes you register your paypal, bank account, government ID, etc.
And it's naive to think that some governments aren't already tracking people who exchange fiat for Bitcoin and the addresses they are using.
If you are fine giving all this information it's no problem,
but I dream of a day where I can escape fiat and my need for government issued currency.
That is real financial independence. (A boy can dream!)
I agree, fiat money have rules that we have to comply, same goes with the exchanges. So they need this requirements in order for our fiat money to be processed. They don't care much about bitcoin but I think they care about the fiat currency movement and who uses them.
Buying of BTC is easy as long as you don't have problem with filling the data required by the site. And besides it is only one time then the next transactions will be a easy.
From my local exchange, I have not had any difficulty buying bitcoins. But when I was still completing requirements, they asked for my IDs and photo of myself holding an ID. After that, it is all good.
The exchange of fiat to Bitcoin and vice versa
is still (IMO) one of the weakest part of the system.
If you are not an early miner, or didn't earn Bitcoin years ago, you are forced to exchange local currency for BTC.
This means buying from a service that probably makes you register your paypal, bank account, government ID, etc.
And it's naive to think that some governments aren't already tracking people who exchange fiat for Bitcoin and the addresses they are using.
If you are fine giving all this information it's no problem,
but I dream of a day where I can escape fiat and my need for government issued currency.
That is real financial independence. (A boy can dream!)
is still (IMO) one of the weakest part of the system.
If you are not an early miner, or didn't earn Bitcoin years ago, you are forced to exchange local currency for BTC.
This means buying from a service that probably makes you register your paypal, bank account, government ID, etc.
And it's naive to think that some governments aren't already tracking people who exchange fiat for Bitcoin and the addresses they are using.
If you are fine giving all this information it's no problem,
but I dream of a day where I can escape fiat and my need for government issued currency.
That is real financial independence. (A boy can dream!)
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.
Actually it depends in the country you belong.in my country its easy to buy btc right now and too many ways to buy you canalso buy direct to your bank using our online wallet.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.
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