Bitcoin Forum

They just like MtGox require us to verify our accounts, sorry this is bullshit, I do not accept this, furthermore if you DON'T verify by the 30th of September, you will NOT be able to do Bitcoin transactions or Bank transactions.

You have to look at it from their perspective.  They want to become a more legitimate exchange and the best way to do that is to implement AML/KYC requirements.

Do you get paid by bitstamp to post stuff like that in RED or its just silly ?

I would prefer anonymity as well. However bitstamp is not going to operate an illegal business when they stand to get rich legally. For them this is not a "choice", it is a requirement.

You should then take up the liability of running an exchange that operates without verifying customers.

Free market. You can do it on your own. Just make it happen.  :)

btc-e.com ^

+1

In case you didn't know, Bitstamp was getting some flak from various banks refusing to accept SEPA withdrawals. AML/KYC is a must when you get to these kinds of volumes.

Bitstamp wants to keep their bank and regulator happy so they can stay in business. Sounds like a good idea to me.

They will lose a lot of customers and volume because of this.

The only customers they will lose are the one's no reputable business wants anyway. You want to put your money in the hands of a nigerian prince, there are plenty of "no-contact-info" exchanges out there more then happy to let you believe in their good will.

As for volume, it only stands to increase being that they will become more legitimate. OP's upset Bitstamp won't work for money laundering, but that's life. Even the 'wild west' had a beginning, middle and end.

Good point. There will always be illegal exchanges. Of course they will be full of criminals and you will have your coins stolen. And even if bitcoin becomes main stream you will have no legal recourse at these sites.

I for one value my privacy and rather move to those dubious sites than to those bending over.

if we want bitcoin became more flexible and better then we have to sacrifice something like this

Well BTC-E hasn't made any signs of going "legit", yet anyway (I'm sure they will eventually, they make crazy money so eventually they will sell out if they have any ounce of capitalism in them).

However of course, I don't know anyone who has dealt with 'real' FIAT money with them. so who knows. It's also a very opaque organisation, however I have trusted them at times with large amounts of money, so......

It's important that we have a little bit of both- the black market and the above board. With Gox going down (?) we need a new industry standard bearer.

That is his thing he always post in red.

come to think of it, I bet that if things keep going they way they are with LTC, even BTC-E will probably go legit at some point. LTC/BTC trading is their bread and butter, but if Bitcoin comes out the undisputed NEW WORLD CURRENCY, then the excitement which has been draining rather quickly from LTC will eat heavily into their profits. At some point they will want to go Legit if only because it makes more money. they have a strong Russian speaking base, so it would be worth it for them eventually to go legit and serve that customer base.

Annoying yes, but I've seen worse on Internet.  That S3014 (or whatever) guy with a mailing list posts in blue.  That alone would be enough reason to ignore his services and most of what he writes.

But it makes them unique so you can always see their posts!  :-X

/s

Everyone has to comply with laws.
It is not a difficult process to get verified, and if you believe they are honest, you would do it without trouble :)

I don't see a problem with centralised exchanges complying with the laws/regulations, no matter how much we anarchists and libertarians dislike most/all of them. Complying with the State's edicts, including paying taxes if they demand it, aren't selling out on one's principles: they are self-preservation instinct, just like I show my id to the police in Europe if they do a sus-law stop'n'search on me, as they are wont to do, especially in German-speaking places.

If you wish to trade bitcoin/fiat cross without id verification, AML/KYC compliance and so forth, there are already ways of doing that.

yes agree if we want more good and honest peoples in this community we have to accept this

Think of the children!

By the way, "best" does not mean only that little "function". It's still the best because of service and reliability.

Please name another exchange that has better liquidity and support than bit stamp. These days you cannot even withdraw from practically any other exchange.

Why pay 0.5% commission and have to verify, when you can trade at Bitstamp for 0.35% and keep unverified (if you don't transfer fiat): Bitfinex.

What privacy? If you use Bitstamp to exchange bitcoins for fiat or viceversa, so you have to make a SEPA deposit or withdrawal.

Sure, using a "service" that might just run away with your money is much better than sending them two documents containing information that they already have...

So you want regulators to take action against them for complying with other regulations you don't like? LOL

There's a sucker born every minute.

And a fool and his coins are soon parted...

They brought this upon themselves by their fail to inform customers.
Now they have 26427 open tickets.
Way to go Bistamp.