Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin about the free world, but not for us in the Middle East!
by
saidtalib
on 01/07/2017, 14:29:54 UTC
It's not so straightforward to buy bitcoin  in the Middle East. Yes, I have tried everything. If bitcoin was about the free world, why all the exchanges ask for very strict verification that even the stock exchanges don't ask for?  I have never had to take a selfie with my passport in my entire 40 yrs of life until I came in to the bitcoin world, what the heck?!! All the exchanges take ages to verify and when they do, they discriminate those from the middle east. Most of them don't allow us to use fiat currency to buy bitcoin, so how the hell new comers will buy it? The barriers of entry to the bitcoin world are too many for people in middle east, am sick of it.

I find the conventional banks much easier to deal with than  the bitcoin exchanges. Guess what? I was successfully registered in one after waiting for a month, only to be told I can't spend more than  300 Dollars a week in buying bitcoin, seriously??? I freaking have thousands of dollars to invest and they want me to spend 300 dollars a week for a coin worth $2500???

Now, the easy way is to buy from others, but I am gonna have to pay a premium of 10 to 20 pct above fair market value to buy and that's BS!

I am thinking to start my own ICO for an exchange that has commercial sense an open to the world. We need a revolution here.