Post
Topic
Board Exchanges
Re: Has someone filled out the new verfication questions for Bitstamp?
by
o_e_l_e_o
on 30/05/2019, 08:06:01 UTC
Net worth and annual income are pretty standard questions for verifying accredited investor status.
True, but the whole point of becoming an accredited investor is to prove that you have a high net worth or income and are therefore allowed to spend large amounts on riskier investments. It doesn't apply to people who are trying to buy/sell/trade a few hundred or a few thousand dollars of bitcoin. I could maybe understand if they applied these rules to anyone trading >$100,000 say, but applying them to everyone is utter nonsense.