BTC newbie here. I've gotten my hands on a bunch of bitcoins via cash purchase. Now I am thinking about trading on one of the exchanges. I live in Europe, so I am thinking about a SEPA transfer to BTC-e. However, BTC-e states about SEPA transfers:
Before send a first transfer upload your verification documents (passport and utility bill) to ticket
https://support.btc-e.comWithout your documents bank may refuse your first transfer.
I am a bit concerned about uploading these documents, so I have the following questions:
1. What is the best way to handle the verification? Is it best to upload the documents before wiring any money (as they suggest), or can I wire the money, hope it goes through, and if it doesn't, then upload my documents?
2. What are the practical risks of uploading these documents? I like privacy, but I am not doing anything illegal. Are there real risks of identity theft, my bank giving me trouble, or some potential for headaches down the road here?
3. It's also possible to trade on BTC-e without uploading these documents by going through OKPay, MoneyPolo, Perfect Money, or Capitalist. All of these options seem pretty complicated and appear to carry extra costs. A SEPA transfer is cheap and really simple, I can do it in five minutes. Are these options worth investigating?