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Author Topic: Bitcoin & Exchanges , contradiction ?  (Read 1378 times)
daddybios
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June 20, 2015, 04:53:33 PM
 #21

Mind giving some names and some links because all the exchange that I knew so far require either Residence + ID/passport or simply ID/Passport so you can start exchanging .
Only way I use to exchange to avoid those things is on forums like here on the currency exchange section or on other forums with the same section . that's the only solution
For example, you can use Exchange "exmo"
There I change Bitcoin for dollars.
Dollars can be withdraw on PayPal, Perfect Money, webmoney and other wallets. (there is no need documents) I do not know what kind of wallet is suitable for your country.
Then I deduct money on the card and go to the ATM.
I do not trust exchange forum.
So I lose 3.5% commission but it suits me.

Freedom to Ross Ulbricht!
ajareselde
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June 20, 2015, 04:58:51 PM
 #22

Most of people that use bitcoin their obvious answer probably is going to be "because it's annonymus and don't need my real informations and my account don't get limited" when you ask them why do you use Bitcoin .
But most of them also use Exchange to trade their bitcoin and most of those exchange websites asks for ID or passport verification and residence and some other real informations , so isn't this a contradiction  Huh  Huh don't exchange defeats the purpose of bitcoin

Nobody is forcing you to use exchanges as third party, you can exchange with other people one on one.
Later on, you can use coin mixer to mask coin origin. Bitcoin is created to be used without need for third party, hence spend it directly, or exchange directly, bitcoin is not misleading,
People that use exchanges obviously dont value their identity, or have no need to hide it.

cheers
RappelzReborn (OP)
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June 20, 2015, 05:04:24 PM
 #23

Mind giving some names and some links because all the exchange that I knew so far require either Residence + ID/passport or simply ID/Passport so you can start exchanging .
Only way I use to exchange to avoid those things is on forums like here on the currency exchange section or on other forums with the same section . that's the only solution
For example, you can use Exchange "exmo"
There I change Bitcoin for dollars.
Dollars can be withdraw on PayPal, Perfect Money, webmoney and other wallets. (there is no need documents) I do not know what kind of wallet is suitable for your country.
Then I deduct money on the card and go to the ATM.
I do not trust exchange forum.
So I lose 3.5% commission but it suits me.

I just checked their website , also saw their thread on their Bitcointalk but dosen't seem very popular around here to be honest .
also aren't they little bit exagirating ? "Trusted by 202,150 people in over 100 countries" , we most likely don't even have that number on total number of Bitcoin users so how for a exchange website  Huh

Most of people that use bitcoin their obvious answer probably is going to be "because it's annonymus and don't need my real informations and my account don't get limited" when you ask them why do you use Bitcoin .
But most of them also use Exchange to trade their bitcoin and most of those exchange websites asks for ID or passport verification and residence and some other real informations , so isn't this a contradiction  Huh  Huh don't exchange defeats the purpose of bitcoin

Nobody is forcing you to use exchanges as third party, you can exchange with other people one on one.
Later on, you can use coin mixer to mask coin origin. Bitcoin is created to be used without need for third party, hence spend it directly, or exchange directly, bitcoin is not misleading,
People that use exchanges obviously dont value their identity, or have no need to hide it.

cheers

I know , I know i'am not forced to use them , I was just giving my point and yes that's exactly what I'am doing I all the time trade on forums with people and never got scammed because I know how to choose members before the trade .

jeannemadrigal2
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June 20, 2015, 05:09:05 PM
 #24

There are many exchanges which do not require personal data. And there are many objects with how to exchange Bitcoins for real money. I use these.
But there are people who do not hide their identity and origin of the money - they do not care.
Everyone decides for himself. Anyone who wants to remain anonymous - that will remain anonymous.

Mind giving some names and some links because all the exchange that I knew so far require either Residence + ID/passport or simply ID/Passport so you can start exchanging .
Only way I use to exchange to avoid those things is on forums like here on the currency exchange section or on other forums with the same section . that's the only solution

All of them?  You can just give the exchanges a fake name if you want.  I don't use any that require any type of verification, only if you want to have large transactions every day.
daddybios
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June 20, 2015, 06:10:49 PM
 #25

I just checked their website , also saw their thread on their Bitcointalk but dosen't seem very popular around here to be honest .
also aren't they little bit exagirating ? "Trusted by 202,150 people in over 100 countries" , we most likely don't even have that number on total number of Bitcoin users so how for a exchange website  Huh
I do not advertise this exchange. But while I'm happy with everything I will use next. Money is paid automatically and I feel so comfortable.
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202,150 people
Maybe it's the number of registrations rather than living people. Many have a couple of accounts.

Freedom to Ross Ulbricht!
ajareselde
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June 20, 2015, 11:46:36 PM
 #26

There are many exchanges which do not require personal data. And there are many objects with how to exchange Bitcoins for real money. I use these.
But there are people who do not hide their identity and origin of the money - they do not care.
Everyone decides for himself. Anyone who wants to remain anonymous - that will remain anonymous.

Mind giving some names and some links because all the exchange that I knew so far require either Residence + ID/passport or simply ID/Passport so you can start exchanging .
Only way I use to exchange to avoid those things is on forums like here on the currency exchange section or on other forums with the same section . that's the only solution

All of them?  You can just give the exchanges a fake name if you want.  I don't use any that require any type of verification, only if you want to have large transactions every day.

You can, but not for long. Like everything that has wide range of money laundering possibility, it is just a matter of time when such exchanges will be forced to change their way handling users under aliases.
That's why many of them are starting to enforce ID verification.

cheers
dollarneed
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June 21, 2015, 12:13:55 AM
 #27

Yup it kinda does, is that bitcoin was created for annonimity? why i should uploaded my document it does not make a sense actually i dont like this bulshit i've got a problem with local exchange that i have to proof my identity i dont know that exchange should used a real name and couldn't changed once already you submited and  guess what i cant even to withdraw my btc back to the blockchain,that was so sad Sad
Bitcoin is simple so please dont make it complicated
pooya87
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June 21, 2015, 05:31:04 AM
 #28

Most of people that use bitcoin their obvious answer probably is going to be "because it's annonymus and don't need my real informations and my account don't get limited" when you ask them why do you use Bitcoin .
But most of them also use Exchange to trade their bitcoin and most of those exchange websites asks for ID or passport verification and residence and some other real informations , so isn't this a contradiction  Huh  Huh don't exchange defeats the purpose of bitcoin
the anonymity part of bitcoin is not that much important "for me". but so far i have bought bitcoin with fiat from a person so i have never provided any document to any exchanger.

and i think there is nothing contradictory about exchangers asking for these kind of documents and the fact that bitcoin is anonymous. because first of all you can avoid using exchangers and since they are working within a country and working with fiat they have to obey the laws about trading and all other rules about taxes etc.

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edric
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June 22, 2015, 12:20:33 PM
 #29

Most of people that use bitcoin their obvious answer probably is going to be "because it's annonymus and don't need my real informations and my account don't get limited" when you ask them why do you use Bitcoin .
But most of them also use Exchange to trade their bitcoin and most of those exchange websites asks for ID or passport verification and residence and some other real informations , so isn't this a contradiction  Huh  Huh don't exchange defeats the purpose of bitcoin

Absolutely. At localbitcoins, you also have to give your bank details to the buyer for payment. So it does not remain anonymous at all. But that is not bitcoin's fault. It is the users fault to use it as an exchange commodity instead of a currency.
Not necessarily. With localbitcoins, I can buy using cash-in-mail. There doesn't need to be a return address either so that is completely anonymous. I can also buy using gift cards and reload cards with cash to exchange for BTC so my name and id is never associated.

Yes but preferable choice tends to go towards online banking. People rely on banks, they trust banking system more than any other mode of payments. Maybe not all of the people, but most of them do.

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