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 ?
That action call : prevent of risk.
i am 100% agree with you bitcoin is anonmous and it not banking product. However, when you buy them you have to use banking products ( cash or bank transfer, credit card....) everytime you using a product like that online ( in case here, the shop not see your face) then they have to required by law asking for KYC.
if you using anonymous products ( litecoin,....) to buy anonymous product (bitcoin...) then the shop will not ask you for KYC
in offfline shop when you go to buy something ( cash, or credit card) in most case ,they will not ask you for verify KYC simple because they know money in your hand is your. Some case if they need to know where money from (big money) they still asking you (or they will put themself in trouble if the souces of money not clean)