Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is simply too difficult to buy to gain acceptance
by
squatter
on 21/01/2019, 11:42:17 UTC
Since I've been under the weather and didn't feel like an hours motorcycle ride back and forth to the bitcoin atm, I tried to buy some online. Big mistake! After a selfie with an explanation of the purchase while holding my ID which was difficult to hold up living alone- although I did manage a clear pictures, then two pictures of my id with my payment card, the purchase was rejected by the exchange and I was told to use another card.

I told them to forget it, and I would like a selfie from the exchange's CEO holding a signed note wherein he promised to destroy all pictures and information I had provide them with.

Who wants to put up with such nonsense? The only reason I deal with the ATM is for online gambling, which our countries cause us to lose more money on since we have to pay extra USD to buy the bitcoin, and then lose a couple of points when it is deposited.

It's because of money transmitter laws. I'm not sure about other countries, but in the US people have been getting arrested for trading large volumes without asking for ID. Professional traders and exchanges have been tightening up a lot.

It should be possible to trade small amounts P2P without ID -- right on this forum or on Paxful, if not Localbitcoins. If you only need to move a few hundred dollars, I would find a trusted trader on this forum.