Bitcoin Forum

They want to know my income, how much money I have, and they want me to upload my passport.

Why?

I am not asking for credit or anything like that, I just want to buy bitcoin using cleared funds.

What  pay method u use?

Who is asking for this information? How are you trying to buy BTC (WU / MG, paypal, skrill, cash deposit)?

Bank transfer, credit card or paypal.

Having said that, I do understand the problem with paypal i.e. charges backs etc.

If you're using Localbitcoins, they ask for such info indeed because of things like chargebacks etc.. Even credit cards can be charged back from your bank, so they need to have your information in such cases.

in some case even a banktransfer can be chargedback so thats why it's very hard

does it difficult? why did you think so?

you can find a exchange for your cleared funds here https://bitcointalk.org/index.php?topic=695082.0  is not very easy?

It's it part of the KYC (know your customer) policy. It is basically a government requirement most of the time. I think exchanges are receiving far too much confidential information than they need. That us why I sometimes buy from anonymous bitcoin ATM.

Licensed exchanges has to answer the government when they're asked, which is why they have to document every buy and sell.

btc-e may has less kyc rules

check if you hase some ATM newar you...

http://coinatmradar.com/

really good application to find it!

www.bitsquare.io - This will be so much better than local bitcoins!!

bitsquare is it capable to localize bitcoin ATM on google map???

i'm corious to compare with http://coinatmradar.com/, if it have this feature.

Great info, i didn't know about atm's, may give that a try.

The short answer is fiat. Bitcoin does not have rules about identity, but when you mix bitcoin with fiat then all the rules of money apply. Remember that you do can not own dollars. They are not your property but you have the right to use them for transactions. However, using dollars comes at the price of your identity.

Usually you can take lowest transaction fees on ATM instead localbitcoin or something else...

i have had good experience with bittylicious & bitbargain, but there are some cheap deals on ebay.

Sorry....
Can you share eBay link?
Thanks

Easy to do chargeback with credit card might be one reason and bitcoin is kind of anonymous so they probably want make sure who they are dealing with. A lot of fraud I can imagine, just ask around and see how many sellers that use ebay have been ripped off by fraudulent buyers using paypal (chargeback or give BS reason to reverse payment).

Virwox won't ask you about anything but they have huge fees, so can't recommend them :D

Not all sites ask for that information. Only sites like Circle requires it.
 You could just use smething like localbticoins to make your purchase.

Good question man, I have no idea!