Bitcoin Forum

Circle banned me from buying bitcoins because i buy around 3k a week ( I trade and sell them for profit and make decent money from home I guess, like 200-400 a week depending, also if i hold some and they rise in value, more) and they cant tell me why they banned me but they claim I was under investigation and they either noticed I was selling on other p2p bitcoin sites or some moron gave me a deepweb address and made me send their BTC there and got my ass banned . I never did anything malicious on purpose and just trade and hold coins for profit and I pay my taxes and report my earnings to the IRS. I think I might have sent to my LBTC account once or twice before I realized you were not suppose to trade


Either way that's the the only site I was able to get a 3k limit and have it instant. I absolutely dread sending any type of information or documents but I'm kinda in a jam here and holding money that isn't mine.  I've sent a LITERAL scan of my ID to other companies to get fucked by their shitty auto detect system telling me the picture isnt valid or has something wrong with it , but its literally perfect. Someone sent me 4000 bucks before this all happened so I'm sitting here with random LocalBitCoins Custies money and ppl i know IRL , and during this my creditcard got cancelled because someone was "frauding me" turns out my friend was just buying food and didnt realize he had my info in his phone, so all my cards are cancelled except for one and the ATM literally ate it because they sent me a new card and instead of immediately spitting it out when I dip it like it always does it fucking waited until the end of the transaction which PNC cards havent done for years.
Basically I sent every site my SSN, ID, proof of residence and all this BS that the USA bs laws are making all BTC vendors do , and Im so pissed that a decentralized currency has become this regulated and i'd love to use a market like Bitsquare.io but its dead and the last transaction was like a month ago, and they ask for a small amount of btc (like 15 bucks ) to hold until the trade goes through and I really dont wanna have it just sit there until someone decides to pick up the trade, if they ever do.


I've literally been wrestling with kraken and sending them like 30 pics of me holding my ID and a sign stating the date , and they keep giving me an "invalid perimeters" error. Then the picture finally went through and this rep literally told me "t hank you for applying for Tier 3. We need your help to complete your verification.
Your ID confirmation photo could not be accepted because we require you to hold a piece of paper that says 'Only for trading bitcoin on Kraken.com' in the picture. The paper should also include the date today.". But their website says to write "only for use on kraken.com + the date...Cex.io Isnt available in my state, Coinbase takes literal years, snap card.io took all my info and said i was fully verified with a 1500 dollar limit and they had literally every piece of ID anyone could ever ask for and I bought a small amount like 50 bucks and that went through, so I bought 1000 more (still 450 under my "limit" ) and after 5 minutes they said that they couldnt complete the order and are forcing me to contact them and are not letting me buy any more. Why? I don't get it why take 2 or 3 days to go over my info , tell me im verified and then reject a purchase?


I'm getting really sick of sending PERSONAL info to these companies and I really dont like giving this stuff out in the first place but I'm literally being relied on by a few people to get them bit since some dont have bank accounts and other reasons (laziness, Max'd out their limits, they cant get BTC instantly , etc etc ) and I'm trying so hard to come through for them and getting absolutely kicked down for no reason, I have all info/verification/documents that anyone would need to prove that I exist, why is this happening to me..

YOure a  hell rich of a guy on which  you could able to  purchase   huge amounts  of bitcoin  one at a time that's  why  you are getting banned   from them. If you want to  make  transaction  you could always   use  p2p  but the risk  of  being  holdup is there  so its better to  buy small amounts  first and get the   trust  of  your seller  if the trust   builds already then that's the  time  buy  on  bulks.

What about Bitstamp and Chronobank.io, have you tried those ones out yet?

Also, OKcoin allows you to buy in YEN, you could convert USD to Yen and buy bitcoins in China.

These companies will not be allowed to operate, if they do not adhere to these KYC/AML regulations. It makes all of us crazy, but we need to

bend over to these companies to use Bitcoin legally. The day when someone figures out how to start a decentralized exchange, I will send

them a picture of my genitals and cancel all my accounts.  >:(

If you do something like that, then the exchange would demand to know who you actually are :D

These companies should never have been let in the door,I do not care about this KYC b.s that people keep pointing to.
As customers people chose to support this drivel and now they have ballooned into a force that dictates policy.
We could have created sites that worked more night and flight and got around these stupid laws,they seem to be pressed harder by sites in the States mores so.

Keep reading them cracking the whip on honest customers because they want so badly to be the number one and get the seal of approval from government.
Its sick that people support this garbage and we should be demanding better,than have some pirate company just freezing people out.

And this is harsh reality of pseudo-official bitcoin satellite services. They can screw you over in some many ways and you basically can't do anything about it.
Because unlike standard financial institutions i.e. Banks, bitcoin related services have no authorities over them to keep them in check.

We need something like Banking Indemnity Fund created for Bitcoin exchanges ASAP.

i have also had some bad experiences like that, and that is why i always read all about the service that i am about to use from their site the TOS and also the feedbacks i can get from the internet.

better safe than sorry.

Big amount and frequent with BTC is very suspicious, lol  ;D

Making 200-300 a week is more than decent lol .
Do you have valid proofs for sources of that income ? Instead of trying to establish your services on 3rd party platforms,why not start your own site since your trade volumes are that high ? I have seen people doing that, sakarias  btc for instance .Didnt read the entire post but if you haven't mentioned localbitcoins,start using it already!

The point is you are be banned by the markets because of the limite transaction of bitcoin, i think you can try trading on other markets and there are many markets that will accept new costumers who trade large of amount transaction, or you can try to ask increase your limited amount of transactions.

You'd rather be buying btc from an individual on localbitcoins. Its private no unexpected situation could happen so long as you meet up in the public area like malls. Those sellers though are selling their btc for higher value than from exchanges.

Or you can start buying btc thru paypal here. start with small amount like $3-5. Until you get the trust of the users.

Yes, choosing suitable exchange and getting verified with them if required are most important aspects every trader must consider before testing their skill in trading. But I never agree with OP's statement of screwed by every BTC site, because there are lot of services tailored as per everyone's  need. Finding them is the only challenge.

i think if we make our account verified, the limit for transaction will be increase. i have experience in polo which need verification too until level 3 if i am not mistake. if we pass our level 3 then the limit of our transaction is increase and become $25,000 for a daily limit.

I agree with you. If we were in twitter I would retweet it

Agreed again.

I have been saying for years that when someone figures out how to sell BTC to us (easily) without all the bothersome KYC/AML, IDs, and other crap, then they will make a fortune.  It would be a gold mine.  And deservedly so.