Quote from: didi-man on December 29, 2017, 09:54:33 PM

Quote from: the artful bodger on December 29, 2017, 09:51:36 PM

Quote from: murtie on November 29, 2017, 09:04:54 PM

Registered and logged in from UK but can't do anything without further verification. Like sending drivers licence photo to them in Korea, which gives me the creeps. It IS the best exchange for top prices. Need to think of a way to get verified without sending licence over. Undecided

There's no way out of it now. The South Korean gov is now forcing bithumb to make all users verify. Bithumb won't be allowed to let people have anonymous accounts anymore.

All the South Korean exchanges will have to do know-your-customer (KYC) due diligence from now on.

https://www.coindesk.com/south-korea-to-tighten-bitcoin-exchange-rules-amid-speculative-boom/

Quote

only accounts with real and matching identity can be allowed for deposit and withdrawals.

im ok with kyc. So bithumb accepts customers from all other countries?

What about tax?

I don't know about that, but I know there's restrictions on how much money you can send abroad from Korea. You can deposit bitcoins and sell them in Korea. However getting the money back out again isn't easy. Even Koreans are limited to sending a maximum of $50,000 abroad per year.

This medium story explains how the system works.

https://medium.com/cryptonight/investigating-the-great-korean-bitcoin-arbitrage-opportunity-32e4e547a730