Post
Topic
Board Bitcoin Discussion
Re: Why So Bloody Hard to Buy Crypto?
by
miner32342
on 13/01/2019, 11:13:21 UTC
Damn right, this is the main reason why it has not gone mainstream. You need to go through a KYC process everywhere just to buy some coins. Coinbase, localbitcoins (unless you get the really expensive ones), it needs to be made easier

Lol thats because of anti money laundering from all governments rules so for the security of all concerns KYC is being required,and if we will only widen our understanding this is for our own benefits also

Just like assuring the safety of your precious fiat ,before depositing on banks you will be needing lots of proofs to be able to do that,so in bitcoin theres the same process and if you are not into illegal then theres no problem in providing kyc i guess

It's hard to disagree, but the KYC procedure itself contradicts the idea of bitcoin creation. Nevertheless, there're several platforms (decentralized exchanges, as well) that still let people to buy crypto not demanding to fulfill the KYC process. Just google them.