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Author Topic: why is it so hard to buy bitcoin  (Read 30153 times)
simplelisten
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November 22, 2016, 05:55:39 PM
 #121

It is hard if it is p2p for many dont trust that system anymore. You would better go to a wallet site then just buy there either on credit card or whatever mode of payment they are offering.

Who said bitcoin purchasing is so hard. You could easily buy the bitcoin through localbitcoins, kraken and yobit. These sites provide some good and trusted traders to purchase bitcoins. Kindly check the person's trust and feedback before you buy
Like you said you can easily buy bitcoin in some reputed sites like bittrex, kraken and coinbase, I prefer coinbase if you want to buy bitcoin using a credit card but it's not worldwide so pray that your country is accepting in coinbase.
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November 23, 2016, 02:36:36 AM
 #122

It is hard if it is p2p for many dont trust that system anymore. You would better go to a wallet site then just buy there either on credit card or whatever mode of payment they are offering.

Who said bitcoin purchasing is so hard. You could easily buy the bitcoin through localbitcoins, kraken and yobit. These sites provide some good and trusted traders to purchase bitcoins. Kindly check the person's trust and feedback before you buy
Like you said you can easily buy bitcoin in some reputed sites like bittrex, kraken and coinbase, I prefer coinbase if you want to buy bitcoin using a credit card but it's not worldwide so pray that your country is accepting in coinbase.
Why some countries still having a problem with buying bitcoins? In our country it's too easy and take note of this, I like in 3rd world country but we have a local exchange there.

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November 23, 2016, 07:07:37 AM
 #123

It is hard if it is p2p for many dont trust that system anymore. You would better go to a wallet site then just buy there either on credit card or whatever mode of payment they are offering.

Who said bitcoin purchasing is so hard. You could easily buy the bitcoin through localbitcoins, kraken and yobit. These sites provide some good and trusted traders to purchase bitcoins. Kindly check the person's trust and feedback before you buy
Like you said you can easily buy bitcoin in some reputed sites like bittrex, kraken and coinbase, I prefer coinbase if you want to buy bitcoin using a credit card but it's not worldwide so pray that your country is accepting in coinbase.
Why some countries still having a problem with buying bitcoins? In our country it's too easy and take note of this, I like in 3rd world country but we have a local exchange there.
Even I'm having a local exchanger in my country, it is still too hard to buy bitcoins with their verification process.

They are asking too many documents like only if I am having passport or driving license I will be able to buy bitcoins with them. I'm having my national ID card and other government issued documents too. But still I'm not eligible to buy Bitcoins with them.
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November 23, 2016, 07:51:13 AM
 #124

It is hard if it is p2p for many dont trust that system anymore. You would better go to a wallet site then just buy there either on credit card or whatever mode of payment they are offering.

Who said bitcoin purchasing is so hard. You could easily buy the bitcoin through localbitcoins, kraken and yobit. These sites provide some good and trusted traders to purchase bitcoins. Kindly check the person's trust and feedback before you buy
Like you said you can easily buy bitcoin in some reputed sites like bittrex, kraken and coinbase, I prefer coinbase if you want to buy bitcoin using a credit card but it's not worldwide so pray that your country is accepting in coinbase.
Why some countries still having a problem with buying bitcoins? In our country it's too easy and take note of this, I like in 3rd world country but we have a local exchange there.
Even I'm having a local exchanger in my country, it is still too hard to buy bitcoins with their verification process.

They are asking too many documents like only if I am having passport or driving license I will be able to buy bitcoins with them. I'm having my national ID card and other government issued documents too. But still I'm not eligible to buy Bitcoins with them.

I think it is a violation of rights. This could jeopardize the anonymity of using Bitcoin. In my country, some exchangers also require documents.
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November 23, 2016, 01:20:29 PM
 #125

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh

They have been ripped of many times and now trying to protect themselves. A solution is needed to make Bitcoin more accessible, it will arrive soon.
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November 23, 2016, 01:33:43 PM
 #126

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh
It's hard for now because the price of bitcoin is really expensive and in trading there is a really profit if you are trying to buy today from localbitcoins there are still fee's and try to buy in bitcoinwallet or in coinbase or in exchange website but for me it's better to buy bitcoin now and then make profit.
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November 23, 2016, 10:39:52 PM
 #127

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh

They have been ripped of many times and now trying to protect themselves. A solution is needed to make Bitcoin more accessible, it will arrive soon.

And what exactly does that mean? What would your solution to the problem be?

If someone on a deserted Island (with Internet somehow) started selling bitcoins without having to follow any laws then we're good to go! The problem is, countries that see someone going to that website will act on that very quickly assuming you're laundering money.  Then you'll really be screwed.
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November 23, 2016, 10:45:02 PM
 #128

If you use USD and want Yen you don't necessarily have to exchange them. You can start working for Yen. It's the same with bitcoins. You don't have to buy them you can just start services to earn them. I like it better because then you don't have to give out your ID to some online company!
That's an extremely limited niche, though.  It's like selling stuff for bitcoin--your market is very small.  It's better to earn fiat and buy bitcoin.  And fiat is more stable.  Would you really want your paycheck in bitcoin?

Well it's a way for the OP to avoid his problem that's for sure. Would I like part of my paycheck in bitcoins!? Absolutely yes! Maybe a small percentage like how it's suggested you save 10% of your income for retirement.
I also would love to be able to choose what % of my salary gets paid in Bitcoin.

I would stick it in cold storage and forget all about it.

If you can get paid by direct deposit you can get pain in BTC. Signup at https://www.bitwage.com/ and you will dget info to give to your HR just like you would to send your paycheck to your checking account.

Depends on your HR but you should be able to send 10% to bitwage account and the rest to your checking account.

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November 23, 2016, 10:54:40 PM
 #129

In my opinion it's not that difficult. You will realize that it's easier to buy it than to buy most of the assets on the market, which requires a lot of documents and bureaucracy.
Something that may become difficult, is to find alternatives to buy with credit or debit card, but in my opinion it's not worth due to the high fees.
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November 24, 2016, 12:46:30 AM
 #130

A lot of website selling bitcoin are using different method to identity there customers because of credit card fraud,although there are some few site that didn't need much identify before you will buy bitvoin online, for example virvow
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November 24, 2016, 06:34:02 PM
 #131

I think it is because many people don't know about it. So it is not yet well known in our world. As well as converting it to fiat is difficult because of that. Let's hope in the future many people will know about it so it would be easier buying bitcoin and converting bitcoin to fiat.
You are totally wrong. There have been many people known about the Bitcoin already. We are living in the modern and technological world in where people quickly adapt and understand new developments and technologies. In my area, although Bitcoin is not used very popular, most of the people know about it and you can easily buy bitcoin wherever you are. In my opinion, the reason why he can not buy Bitcoin is that people in his local area do not want to sell Bitcoin. That's all
May be a little difficult in start but for those people who have some knowledge about bitcoin is too easy for them to buy or sell bitcoin, I think it is big issue that can create problems while buying bitcoin, I think it is more convenient for those people who are interests in online business and shopping.
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November 24, 2016, 10:37:44 PM
 #132

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh

Unfortunately buying bitcoin in some countries is hard and this because some websites don't support some countries and don't allow these people to reach a verify target on their website by verifying themself through ID,bills etc so people are forced to pay huge fee on other services which of course damage the bitcoin.
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November 25, 2016, 07:22:09 PM
 #133

in my country, you can easily buy Bitcoin. But through official government services do not work. This can be done through private entities. Therefore, these operations are very risky
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December 04, 2016, 08:16:55 AM
 #134

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh

I'm lucky buying bitcoin is not an issue here in our country,you can deposit local currency to  one convenience store and fund your bitcoin online wallet,why not try Yobit,you can deposit dollar to buy bitcoin using perfectmoney,payeer and okpay I have done it once on perfectmoney and the transactions went smooth..


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December 04, 2016, 09:57:39 AM
 #135



I think it is a violation of rights. This could jeopardize the anonymity of using Bitcoin. In my country, some exchangers also require documents.
That's how they prevent fraud transaction. If you talking about anonymity bitcoin is just pseudo-anonymous,and because of that your transaction can be easilty tracked. so, what's wrong with requiring identity verification rather than losing much of money beacuse got many fraud transaction from fraudsers?

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December 04, 2016, 10:03:59 AM
 #136

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh
Its not a problem ,its  so easy to do the task they want  you to do,after that youre good to go. And you can buy your bitcoin in an instant way. Just do the things that they want.
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December 04, 2016, 10:52:46 AM
 #137

I have not really bought any bitcoin in a while, i have been mostly trading this last year.  but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge.  they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. 

this is seriously restrictive to anyone wanting to get into bitcoin,  like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.    Huh

A friend of mine have just found a person online to whom he sends cash in an evelope by post in exchange for Bitcoins. For him it was working so far, but of course I understand that it is not so easy to find such a person. Probably using an escrow would make it easier, but as far as I know my friend is using no escrow.
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December 04, 2016, 01:20:40 PM
 #138

The same issue you are having is same thing that have even discouraged me from registering on some exchange site for trading even over here too to buy Bitcoin from some sites, its a thug of registration doing some unnecessary "KYC" even after selling beyond the normal ruling rate and that is even when government has not promulgated any law regarding that.
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December 04, 2016, 01:28:32 PM
 #139

The same issue you are having is same thing that have even discouraged me from registering on some exchange site for trading even over here too to buy Bitcoin from some sites, its a thug of registration doing some unnecessary "KYC" even after selling beyond the normal ruling rate and that is even when government has not promulgated any law regarding that.
For your type of people dealing in person and dealing within your known community will be more helpful.

We must identify local bitcoin users from our school/work place or even in our friends. If we start dealing within our friends then buying or selling bitcoins will be no more a big head ache deal.
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December 04, 2016, 01:53:50 PM
 #140

Bitcoin is a lot easier to  earn than buying it. It just however need hard work but it can be bought on localbitcoins.com. You'd have to do meetups to actually own some of it. But i still don't recommend because you still reveal Identity to someone.


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