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Author Topic: why is it so hard to buy bitcoin  (Read 30153 times)
digaran
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February 01, 2017, 06:48:36 AM
 #201

I got into cloud mining business for having bitcoin in the first place, I didn't know about my local exchanges selling and buying bitcoin with local currency that's why I got scammed too many times, but after verifying my native IDs and national bank account which has a plastic card attached to it I'm free of all the drama surrounding bitcoin obtaining methods.
Either way you've got to announce your existent to some government's authority and some organization, for me it was the cyber police that requested for my IDs and not the exchange themselves and the reason was said to me to prevent fraud and identity theft involving credit card fraud.

However I could buy a few S7 and start mining my self but I needed to be perfect and easily at my disposal like now Cheesy.
Always try to search google with your own language to see the local exchanges.

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February 01, 2017, 07:24:38 AM
 #202

It is not too hard to buy bitcoin in my place. Although the exchange I am buying it from requires some details about me, that is not a big concern for me. I think the problem is more of my lack of funds for buying a huge amount.

Its good that you can buy bitcoins but generally for most people its not that easy.Most of the exchanges requires verification before they issue Bitcoins. In my country i have only one Website which gives me bitcoins but for that i first have to deposit money in my local bank and then transfer it to their account and they issue me coins and also detects fee.
This way, at least you have one sure shot way to buy bitcoins. But we do not have any such services and to buy bitcoins all the times I need to find a local seller through some services and then need to meet them in person if I want to buy using fiats. Buying bitcoins instantly using fiats still a dream for me.

Not sure where you live but I'm sure as hell that there's money remittance center somewhere near you. There's an internet connection so you must not be from a cave or a forest. Buying bitcoins might not be that convenient in your part but once you get your capital in bitcoin form, you can start experimenting to which field of bitcoins suits you the most (e.g. trading, investing). Buying bitcoins don't have to be instant. The most important thing is that you persevere to have all the knowledge needed to earn bitcoins. There are people that have exchanger, can buy bitcoins in an instant, and have a really fast internet connection but it all goes to waste because they don't make use of it.
No. Buying bitcoins should be instant for me all the time, you cannot say anything on this according to your circumstances.
(When I am able to load my payza/netteller instantly why not I think about buying bitcoins instantly ?)

Earning bitcoin is completely different from buying bitcoins, you should not confuse these two. I already earn decent amount of bitcoins still I prefer buying bitcoins from my day salary.


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February 01, 2017, 02:17:54 PM
 #203

Why you don't use a normal exchange?

You just need to confirm you ID one time and that's it, isn't so hard to buy bitcoins...

I do agreed with you,  I know there's a normal exchange for that problems actually. or it could be depend on the country you belong. Because in my place its very easy to buy bitcoin, I can buy buy bitcoin directly in the popular convenient store outlet which is 711, I can also buy too using my ATM card  through coins.ph
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February 01, 2017, 02:52:51 PM
 #204

If you do not want to provide your photo ID for buying bitcoins then go to those exchanges where they do not need your verification compulsory for have a full account on that exchanges. Then deposit your money to that exchanges and but bitcoins of how much you need to buy. For example go and create an account on yobit or any other exchange like that.
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February 01, 2017, 03:05:40 PM
 #205

It is not too hard to buy bitcoin in my place. Although the exchange I am buying it from requires some details about me, that is not a big concern for me. I think the problem is more of my lack of funds for buying a huge amount.
Its good that you can buy bitcoins but generally for most people its not that easy.Most of the exchanges requires verification before they issue Bitcoins. In my country i have only one Website which gives me bitcoins but for that i first have to deposit money in my local bank and then transfer it to their account and they issue me coins and also detects fee.
In this way , you have sure you get bitcoin and not that worry for scammer because they have full process on buying yet is this accessible all the time? So I guess OP, the website where you buy bitcoin is being strict because of too much scammers that tried to scammed them. It is not that big deal if you really want to.

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February 01, 2017, 03:10:59 PM
 #206

Time's changing and we upgrading to the next level
People should start using Bitcoin for buying bulk products
However the small expenses can be done by the current currency
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February 01, 2017, 03:22:45 PM
 #207


Its going to be easy to buy bitcoin if your account is reputable though. I can see a lot of users with green rep buy and sell coins everyday in the forum, if you could be one you could easily got for yourself to keep and invest.

I did buy the first time I got here in the forum and the moment I learned I can earn bitcoin here in the services section I then keep an eye to opportunities.

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February 01, 2017, 03:58:45 PM
 #208

It is not too hard to buy bitcoin in my place. Although the exchange I am buying it from requires some details about me, that is not a big concern for me. I think the problem is more of my lack of funds for buying a huge amount.

Its good that you can buy bitcoins but generally for most people its not that easy.Most of the exchanges requires verification before they issue Bitcoins. In my country i have only one Website which gives me bitcoins but for that i first have to deposit money in my local bank and then transfer it to their account and they issue me coins and also detects fee.
This way, at least you have one sure shot way to buy bitcoins. But we do not have any such services and to buy bitcoins all the times I need to find a local seller through some services and then need to meet them in person if I want to buy using fiats. Buying bitcoins instantly using fiats still a dream for me.

Not sure where you live but I'm sure as hell that there's money remittance center somewhere near you. There's an internet connection so you must not be from a cave or a forest. Buying bitcoins might not be that convenient in your part but once you get your capital in bitcoin form, you can start experimenting to which field of bitcoins suits you the most (e.g. trading, investing). Buying bitcoins don't have to be instant. The most important thing is that you persevere to have all the knowledge needed to earn bitcoins. There are people that have exchanger, can buy bitcoins in an instant, and have a really fast internet connection but it all goes to waste because they don't make use of it.
No. Buying bitcoins should be instant for me all the time, you cannot say anything on this according to your circumstances.
(When I am able to load my payza/netteller instantly why not I think about buying bitcoins instantly ?)

Earning bitcoin is completely different from buying bitcoins, you should not confuse these two. I already earn decent amount of bitcoins still I prefer buying bitcoins from my day salary.


people buy bitcoin for investment purposes. for example if you want to invest your money in bitcoin, or simply want to hold your bitcoins for price increase, then you need to buy it first from you salary. but if you cannot  buy it. if you cannot afford to buy bitcoin and still you have the skill to earn it first and then use it for investment or trading alt coin then you can earn bitcoin by providing different serviced to companies and forums.

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equator
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February 01, 2017, 04:10:35 PM
 #209

It is not too hard to buy bitcoin in my place. Although the exchange I am buying it from requires some details about me, that is not a big concern for me. I think the problem is more of my lack of funds for buying a huge amount.

Its good that you can buy bitcoins but generally for most people its not that easy.Most of the exchanges requires verification before they issue Bitcoins. In my country i have only one Website which gives me bitcoins but for that i first have to deposit money in my local bank and then transfer it to their account and they issue me coins and also detects fee.
This way, at least you have one sure shot way to buy bitcoins. But we do not have any such services and to buy bitcoins all the times I need to find a local seller through some services and then need to meet them in person if I want to buy using fiats. Buying bitcoins instantly using fiats still a dream for me.

Not sure where you live but I'm sure as hell that there's money remittance center somewhere near you. There's an internet connection so you must not be from a cave or a forest. Buying bitcoins might not be that convenient in your part but once you get your capital in bitcoin form, you can start experimenting to which field of bitcoins suits you the most (e.g. trading, investing). Buying bitcoins don't have to be instant. The most important thing is that you persevere to have all the knowledge needed to earn bitcoins. There are people that have exchanger, can buy bitcoins in an instant, and have a really fast internet connection but it all goes to waste because they don't make use of it.
No. Buying bitcoins should be instant for me all the time, you cannot say anything on this according to your circumstances.
(When I am able to load my payza/netteller instantly why not I think about buying bitcoins instantly ?)

Earning bitcoin is completely different from buying bitcoins, you should not confuse these two. I already earn decent amount of bitcoins still I prefer buying bitcoins from my day salary.



buying becomes instant if their is fund available to buy if not surely it will take time till you deposit it or else the same you have to search the local seller who will sell for cash to you and for that also you have to wait in search of the local seller, so it is better to deposit and buy it. the only difference will be that the price will be fluctuating till the fund arrive in your account
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February 01, 2017, 05:27:01 PM
 #210

It is not too hard to buy bitcoin in my place. Although the exchange I am buying it from requires some details about me, that is not a big concern for me. I think the problem is more of my lack of funds for buying a huge amount.

Its good that you can buy bitcoins but generally for most people its not that easy.Most of the exchanges requires verification before they issue Bitcoins. In my country i have only one Website which gives me bitcoins but for that i first have to deposit money in my local bank and then transfer it to their account and they issue me coins and also detects fee.
This way, at least you have one sure shot way to buy bitcoins. But we do not have any such services and to buy bitcoins all the times I need to find a local seller through some services and then need to meet them in person if I want to buy using fiats. Buying bitcoins instantly using fiats still a dream for me.

Not sure where you live but I'm sure as hell that there's money remittance center somewhere near you. There's an internet connection so you must not be from a cave or a forest. Buying bitcoins might not be that convenient in your part but once you get your capital in bitcoin form, you can start experimenting to which field of bitcoins suits you the most (e.g. trading, investing). Buying bitcoins don't have to be instant. The most important thing is that you persevere to have all the knowledge needed to earn bitcoins. There are people that have exchanger, can buy bitcoins in an instant, and have a really fast internet connection but it all goes to waste because they don't make use of it.
No. Buying bitcoins should be instant for me all the time, you cannot say anything on this according to your circumstances.
(When I am able to load my payza/netteller instantly why not I think about buying bitcoins instantly ?)

Earning bitcoin is completely different from buying bitcoins, you should not confuse these two. I already earn decent amount of bitcoins still I prefer buying bitcoins from my day salary.


people buy bitcoin for investment purposes. for example if you want to invest your money in bitcoin, or simply want to hold your bitcoins for price increase, then you need to buy it first from you salary. but if you cannot  buy it. if you cannot afford to buy bitcoin and still you have the skill to earn it first and then use it for investment or trading alt coin then you can earn bitcoin by providing different serviced to companies and forums.
Well, I do not think that it is hard to buy Bitcoin at present since there are always people willing to sell Bitcoin to us. When you look at the currency exchange board, there are thousands of people who are offering to sell their coin for paypal or there kinds of money. You need to search on the internet or look for some online group in your country. I believe there will be a place where you can buy Bitcoin





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February 01, 2017, 05:34:41 PM
 #211

I don't know why people think it is so hard to buy Bitcoin, even without verification. There is nothing difficult, i belive those who say it's hard are people under 18 ?
You can buy bitcoin with bank account, debt card, paypal and some others payment processors, gift cards, cash and so on. I am sure there are places you can send a cheque to buy some BTC. Really if you don't own a bank account, debt card, paypal, ect i don't know how you deal in real life. What do you want more ? Pay with stones maybe.
As for a verification, some don't ask for, so it should not be a problem. Also about people looking to buy bitcoin with debt card without verification forgot their name is on the card itself  Roll Eyes It doesn't hurt to send a verification, of course to a trusted and legit site

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February 01, 2017, 05:48:29 PM
 #212

I also think that it is not difficult. you just need to send exchanger money you have from Paypal or other payment processor. You can find it on the site famous exchanger. I think buying on exchnager is the easiest way to buy bitcoin.

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just_Alice
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February 01, 2017, 06:08:11 PM
 #213

If you do not want to provide your photo ID for buying bitcoins then go to those exchanges where they do not need your verification compulsory for have a full account on that exchanges. Then deposit your money to that exchanges and but bitcoins of how much you need to buy. For example go and create an account on yobit or any other exchange like that.

You can sell Bitcoin for USD on yobit but after that how can you withdraw USD without revealing your identity? I have never tried to do it myself, so maybe there is a way, but I thought you have to provide at least your CC number for that.
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February 01, 2017, 06:14:05 PM
 #214

If you do not want to provide your photo ID for buying bitcoins then go to those exchanges where they do not need your verification compulsory for have a full account on that exchanges. Then deposit your money to that exchanges and but bitcoins of how much you need to buy. For example go and create an account on yobit or any other exchange like that.

You can sell Bitcoin for USD on yobit but after that how can you withdraw USD without revealing your identity? I have never tried to do it myself, so maybe there is a way, but I thought you have to provide at least your CC number for that.
Im curious too never heard someone can withdraw it but i think you can transfer it via perfect money.. and you can choose exchange partner for perfect money in their list and you can find more exchange with trust score.. that i think you can withdraw your usd from yobit..
This i think the alternative but withdrawing it directly from yobit i think you cant..



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Rainbot
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February 01, 2017, 06:32:24 PM
 #215

Same as in my country. they require to verify my identity before buy bitcoin.
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February 01, 2017, 06:42:05 PM
 #216

I think that this will depend on the exchange, and the payment method that you use. Most users do not see problem in depositing money in an exchange to buy this, but if you prefer to use credit card, services like cex.io and coinbase make this available. The problem is that rates are too high for this form of payment.

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February 02, 2017, 06:14:04 AM
 #217

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

For what I can say about your concerns, is the site that you are trying to buy bitcoin is very strict to their rules for every new client that want to try their services. Though its for the security of their customers. Why not try poloniex, or bittrex, there not that very strict as localbitcoins and bittylicious, although they required 1 forms of ID only.
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February 02, 2017, 07:26:22 AM
 #218

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

For what I can say about your concerns, is the site that you are trying to buy bitcoin is very strict to their rules for every new client that want to try their services. Though its for the security of their customers. Why not try poloniex, or bittrex, there not that very strict as localbitcoins and bittylicious, although they required 1 forms of ID only.
can one buy bitcoin from poloniex I thought their are trading platform? Those rules put in place are good as it will restrict bitcoin not to fell into the hands of evil men like terrorists and other evil organization. If the op has those documents it is better he send as a support for bitcoin. I will also advice  wise investors to store more bitcoin now as it will increase in values immediately any country legalized it.
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February 02, 2017, 07:53:48 AM
 #219

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

If it is too hard to buy bitcoin then it means that people are not selling their bitcoin and are looking to buy more or holding for a longer time.

About the verification that some websites need this is because of the laws and because of the KYC (Know Your Customer) procedures that are needed.
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February 02, 2017, 08:02:20 AM
 #220

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

If it is too hard to buy bitcoin then it means that people are not selling their bitcoin and are looking to buy more or holding for a longer time.

About the verification that some websites need this is because of the laws and because of the KYC (Know Your Customer) procedures that are needed.
in this situation you should probably change the place where you are trying to buy bitcoins. if you do not want to provide your information than buy bitcoins from somewhere where you don't get asked to provide real data and details....
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