why is it so hard to buy bitcoin - page 45.

dimonstration

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Dimon69

Quote from: calkob on November 08, 2016, 10:41:45 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

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.

Yakamoto

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Quote from: calkob on November 08, 2016, 10:41:45 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

Most of it comes down to covering their tracks in the event the government ever gets involved. There are some gov't regulations that they still have to deal with, and in the event the government actually shows up, chances are they want to have those records on hand. I know I would, and a majority of business owners want to be on the good side of the government.

jondeen707

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Quote from: calkob on November 08, 2016, 10:41:45 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

Why don't you just get verified with one of the exchangers once and for all? Any money transfer business is held to very strict AML and anti-fraud standards. That's why they need you to go through that.

BingoDog

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I don't see the problem actualy. You have different methods and sources to choose like localbitcoins, any exchanger or you can even buy Bitcoins here on forum. Or if you have some Bitcoin ATM near you this could also be the option.
Don't let some tiny issues to make you give up.

kryptqnick

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Quote from: calkob on November 08, 2016, 10:41:45 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

Well, I think there are just many precautions to avoid problems with people buying or selling bitcoin 'officially'. In my opinion, it is better to buy and sell btc to friends, because thus nobody is losing much and you don't need photos and other stuff like that.

harizen

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Quote from: calkob on November 08, 2016, 10:41:45 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

It's normal for some local exchanges to have at least some infos about theirs client since money is involved and not just the bitcoin currency. And it's also a part of their terms in complying the rules and regulations of a certain law about financial thing. It's common.

Why not try instead to other exchanges that support your country? See if it's less hassle compare to those exchanges you mentioned. From what country you from?

bitcoinisbest

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There are certainly some rules that needs to be followed like showing id or proof in order to prove your are genuine and right person to deal with. Some of them are scammers and in order to avoid such they might ask for the details. Same is the case with exchanges as well who require your proof.

yakushev

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I can easily buy Bitcoins through exchangers. I never had any problems with it. You probably just bad service chosen. Find another

RodeoX

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Quote from: Pursuer on November 08, 2016, 11:48:23 AM

bitcoin is meant to be pseudonymous not buying it and paying with fiat!!!

That really is the answer. You can do what you want with bitcoin, but fiat currency is only yours to use under the terms and conditions of the actual owner. In the U.S. that owner is the federal reserve, not you.

Scott J

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Quote from: U2 on November 08, 2016, 12:37:50 PM

Quote from: The Sceptical Chymist on November 08, 2016, 12:09:52 PM

Quote from: U2 on November 08, 2016, 11:55:21 AM

If you use USD and want Yen you don't necessarily have to exchange them. You can start working for Yen. It's the same with bitcoins. You don't have to buy them you can just start services to earn them. I like it better because then you don't have to give out your ID to some online company!

That's an extremely limited niche, though. It's like selling stuff for bitcoin--your market is very small. It's better to earn fiat and buy bitcoin. And fiat is more stable. Would you really want your paycheck in bitcoin?

Well it's a way for the OP to avoid his problem that's for sure. Would I like part of my paycheck in bitcoins!? Absolutely yes! Maybe a small percentage like how it's suggested you save 10% of your income for retirement.

I also would love to be able to choose what % of my salary gets paid in Bitcoin.

I would stick it in cold storage and forget all about it.

MONKEYJUNK

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Why you don't use a normal exchange?

You just need to confirm you ID one time and that's it, isn't so hard to buy bitcoins...

U2

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I used to be indecisive, but now I'm not sure...

Quote from: The Sceptical Chymist on November 08, 2016, 12:09:52 PM

Quote from: U2 on November 08, 2016, 11:55:21 AM

If you use USD and want Yen you don't necessarily have to exchange them. You can start working for Yen. It's the same with bitcoins. You don't have to buy them you can just start services to earn them. I like it better because then you don't have to give out your ID to some online company!

That's an extremely limited niche, though. It's like selling stuff for bitcoin--your market is very small. It's better to earn fiat and buy bitcoin. And fiat is more stable. Would you really want your paycheck in bitcoin?

Well it's a way for the OP to avoid his problem that's for sure. Would I like part of my paycheck in bitcoins!? Absolutely yes! Maybe a small percentage like how it's suggested you save 10% of your income for retirement.

The Sceptical Chymist

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Quote from: U2 on November 08, 2016, 11:55:21 AM

If you use USD and want Yen you don't necessarily have to exchange them. You can start working for Yen. It's the same with bitcoins. You don't have to buy them you can just start services to earn them. I like it better because then you don't have to give out your ID to some online company!

That's an extremely limited niche, though. It's like selling stuff for bitcoin--your market is very small. It's better to earn fiat and buy bitcoin. And fiat is more stable. Would you really want your paycheck in bitcoin?

U2

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I used to be indecisive, but now I'm not sure...

If you use USD and want Yen you don't necessarily have to exchange them. You can start working for Yen. It's the same with bitcoins. You don't have to buy them you can just start services to earn them. I like it better because then you don't have to give out your ID to some online company!

Pursuer

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Quote from: calkob on November 08, 2016, 10:41:45 AM

like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off. Huh

bitcoin is meant to be pseudonymous not buying it and paying with fiat!!!

Quote from: calkob on November 08, 2016, 10:41:45 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.

I never really used any of these services but it is understandable why they do all these things, it is because they want to protect themselves and their customers against fraud. whenever you are involving "fiat" and all its payment methods there comes all the regulations, rules, AML, charge back, stolen credit cards, .... so these services need to take all these information in order to "reduce" the risk of all these fraud.

calkob

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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

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