Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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."
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."
Bought on localbitcoins yesterday, also had to send him my driving license & a selfie with the date on.
Hate that shit man.
KYC works both ways, did you demand driving license and selfie of the person you about to sent some money or any random stranger found on the net will to.
KTC, Know the Company first.