Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BinaryReign
on 21/01/2019, 04:32:56 UTC
Apparently KYC is required !



https://twitter.com/CryptoParadyme/status/1087178167230459904

"Put in $25. Got the slip.

Great.

Went back to my car.

Name. Phone. Number. Email.
Okay.

Identification.
Lame but not unexpected.
Seems silly for such a small amount.

Wasn't able to do it from mobile. App wouldn't complete the process.

Tried on 4G and Wifi.

...


Get home. Upload everything.

Now they want a selfie.

For $25.

Selfie uploaded.

Please wait 5 minutes for verification. Fine.

They push me through signing up for their website to create an account.

...

Finally withdrew with a fee of 1 Sat/B.

Lost 4% in fees to the ATM + Their large markup on Bitcoin price + the extra transaction fee their bad tx organization added."

Interesting, thanks for sharing  Smiley