Bitcoin Forum

Other => Beginners & Help => Topic started by: asmith999 on January 17, 2018, 05:08:24 PM



Title: Buying bitcoin without selling ones soul
Post by: asmith999 on January 17, 2018, 05:08:24 PM
I've bought bitcoin before, a wire transfer and a few hours later there is coin in my wallet. So far i've been lucky and bought when it was down and looking at the current trend I see an opportunity to get lucky again ;).
But now the vendor wants me to scan social security papers, passport and drivers license next to my face and upload it to vendor.com/surrenderyouridentityhere (and this is for small numbers, like 0.1btc and lower) ... I took a look a few other places and they sort of have the same conditions, to get verified(in order to use a credit card or wire transfer) you have to scan your identity and upload it to the internet. I am a privacy nut (I was on my vpn when I first registered here, that was a mistake) I cannot possibly scan any of those things and upload them to a semi random site on the internet.
So whats my options here? I have a 1080ti, is my only option to put it to use and pay the 'price' over the electrical bill?


Title: Re: Buying bitcoin without selling ones soul
Post by: AdolfinWolf on January 17, 2018, 05:24:11 PM
I've bought bitcoin before, a wire transfer and a few hours later there is coin in my wallet. So far i've been lucky and bought when it was down and looking at the current trend I see an opportunity to get lucky again ;).
But now the vendor wants me to scan social security papers, passport and drivers license next to my face and upload it to vendor.com/surrenderyouridentityhere (and this is for small numbers, like 0.1btc and lower) ... I took a look a few other places and they sort of have the same conditions, to get verified(in order to use a credit card or wire transfer) you have to scan your identity and upload it to the internet. I am a privacy nut (I was on my vpn when I first registered here, that was a mistake) I cannot possibly scan any of those things and upload them to a semi random site on the internet.
So whats my options here? I have a 1080ti, is my only option to put it to use and pay the 'price' over the electrical bill?

Any legit exchange will ask you for your identity, unless it is lower then x amount.

Your best bet would probably be to P2P exchange with someone, on https://localbitcoins.com/ for example. Some vendors require identity, some don't.


Title: Re: Buying bitcoin without selling ones soul
Post by: mcs_john on January 17, 2018, 06:28:53 PM
It's part of new KYC policies