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Author Topic: why is it so hard to buy bitcoin  (Read 30189 times)
bravehearth0319
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March 05, 2017, 06:30:30 PM
 #321

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

You know what it will be hard only if you didn't do what they want you to do for you have a capability to buy bitcoin. So whatever restriction do they have the thing we can do only is to follow their rules and regulations.
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March 05, 2017, 11:15:16 PM
 #322

Exchange must follow some rules, then they need to take care about this information
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March 05, 2017, 11:45:48 PM
 #323

Many people were on the harder times buying bitcoin because there were days or months when btc is very in demand specially these days of higher price of bitcoin and fluctuates small value. More bitcoin is on the consumers and supply always becoming low and demand is higher and thats why its price was now so expensive.
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March 05, 2017, 11:55:19 PM
 #324

Exchange must follow some rules, then they need to take care about this information
That is BS someone trying to buy less than $50 should be able to instantly buy with credit card without any identification, when I was new in crypto I was forced to turn to cloud mining services to obtain some bitcoins because that was the only way until I found some local exchanges selling me and buying from me though under my country's laws, meaning they can never scam me. you just need to find a local exchange that's all.
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March 06, 2017, 12:41:12 AM
 #325

Not so hard !

You can do that any moment by PMing me Smiley
I sell BTC for paypal and others and I'm not the only one, go in the currency exchange section Wink

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March 06, 2017, 12:57:40 AM
 #326

Exchange must follow some rules, then they need to take care about this information
That is BS someone trying to buy less than $50 should be able to instantly buy with credit card without any identification, when I was new in crypto I was forced to turn to cloud mining services to obtain some bitcoins because that was the only way until I found some local exchanges selling me and buying from me though under my country's laws, meaning they can never scam me. you just need to find a local exchange that's all.

For some people this is the hard part to buy Bitcoins, because they don't want to give their informations or they don't have the specific necessary informations like documents or bank account to have a credit card for an example. But there isn't nothing to do about it, or you earn all your Bitcoin on the internet working or you need to follow the country regulamentations to have access to Bitcoins.

 
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March 06, 2017, 02:34:32 PM
 #327

I wouldn't say it's hard to buys btc...
In fact it's rather easy, there are dozens of sites selling btc and you can see a lot in signature of the forum Grin
But it's freaking expensive!!!
You always have to pays around 10% of various fees whenever you want to buy some!
Unless you use local bitcoin, which is for me the best of the best of bitcoin trading website.
I agree with what you are saying and i never had any problems with buying Bitcoin.
But if you want to buy a Bitcoin you have to pay over $1,200 and that is without the fees that come extra.
Actually when I was new to bitcoins I had few issues since I did not know how to buy them and locally I don't even know a single guy that knows about bitcoins.

But with time I learned a lot and now in a blink of an eye I can buy as much bitcoins as I require. One of the easiest and simplest way to buy bitcoins is localbitcoins and if that does not suits you and you want a e-currency to bitcoins exchange then visit the currency exchange section here.
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March 06, 2017, 03:30:44 PM
 #328

Exchange must follow some rules, then they need to take care about this information
That is BS someone trying to buy less than $50 should be able to instantly buy with credit card without any identification, when I was new in crypto I was forced to turn to cloud mining services to obtain some bitcoins because that was the only way until I found some local exchanges selling me and buying from me though under my country's laws, meaning they can never scam me. you just need to find a local exchange that's all.

For some people this is the hard part to buy Bitcoins, because they don't want to give their informations or they don't have the specific necessary informations like documents or bank account to have a credit card for an example. But there isn't nothing to do about it, or you earn all your Bitcoin on the internet working or you need to follow the country regulamentations to have access to Bitcoins.

Who doesn't own a bank account this days ? There are a lot of ways to buy bitcoin without giving any single document to prove your identity.
I don't remmeber having providing my Identity document to an entity to prove who I am, until now

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March 06, 2017, 11:30:23 PM
 #329

Exchange must follow some rules, then they need to take care about this information
but to me i do not think that it is so hard to buy bitcoin i think from local bitcoin you can buy bitcoin very easily. to me i am using Urdubit for buying bitcoin and i do that i no time.

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March 08, 2017, 01:17:42 PM
 #330

Exchange must follow some rules, then they need to take care about this information
That is BS someone trying to buy less than $50 should be able to instantly buy with credit card without any identification, when I was new in crypto I was forced to turn to cloud mining services to obtain some bitcoins because that was the only way until I found some local exchanges selling me and buying from me though under my country's laws, meaning they can never scam me. you just need to find a local exchange that's all.

For some people this is the hard part to buy Bitcoins, because they don't want to give their informations or they don't have the specific necessary informations like documents or bank account to have a credit card for an example. But there isn't nothing to do about it, or you earn all your Bitcoin on the internet working or you need to follow the country regulamentations to have access to Bitcoins.

[1]Who doesn't own a bank account this days ?

[2]There are a lot of ways to buy bitcoin without giving any single document to prove your identity.

I don't remmeber having providing my Identity document to an entity to prove who I am, until now

[1] Apparently, a lot of people.

People that:
1. Don't believe in banks.
2. Too poor to get one.
3. Don't even have bank in their place.
4. Doesn't have any money to put in the bank.
5. Are too young to get one.
6. Are too old to understand how it works.
7. Are unemployed (most of them since they aren't going to use it anyway).

[2] You were lucky to be one of those people that knows about localbitcoin and whatnot. Most people only depend on bitcoin exchange sites and all those websites require you to verify your identity. The verification process is much more harder nowadays. You have to upload a selfie of you holding the ID while back then, you simply have to upload an ID.

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March 08, 2017, 01:55:50 PM
 #331

maybe not is hard. Only need time.

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March 08, 2017, 03:41:47 PM
 #332

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

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March 09, 2017, 12:59:28 AM
 #333

When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.
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March 09, 2017, 01:04:58 AM
 #334

When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.

I thought about it too when I was still new in bitcoins. But I don't find it hard to buy nowadays since there are a lot of exchanges and as well as local.

Maybe it will depend on what part on Earth you are living if bitcoin isn't popular or named to that place then for sure.

That will be a hard thing for a person wants to buy bitcoin.

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March 09, 2017, 02:07:25 AM
 #335

When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.
Bitcoin ATM's very limited in number compared to the available exchange and trading platforms. Bitcoin ATM's also levy high fee than the exchange websites. I believe it's quite easy to buy bitcoin through exchanges than finding an ATM and getting out of it.

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March 09, 2017, 02:17:05 AM
 #336

It is not difficult to buy bitcoins. Hand someone cash, they send you bitcoins, done! Lately Bitcoin seems to have entered a kind of equilibrium. On the one hand, it has mostly purged ...
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March 09, 2017, 03:53:24 AM
 #337

It is not difficult to buy bitcoins. Hand someone cash, they send you bitcoins, done! Lately Bitcoin seems to have entered a kind of equilibrium. On the one hand, it has mostly purged ...
To buy the bitcoin is very easy, just try to buy some of the amazon,steam or the another gift card and try to sell them use the escrow and you will get your bitcoin with an easy method. But some people just try to make it so hard. Think simple to make it more easy.

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March 09, 2017, 11:42:42 AM
 #338

When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.
Bitcoin ATM's very limited in number compared to the available exchange and trading platforms. Bitcoin ATM's also levy high fee than the exchange websites. I believe it's quite easy to buy bitcoin through exchanges than finding an ATM and getting out of it.

When I first bought some Bitcoins I setup an account with Coinbase. They require a lot of personal information and bank account info. Some people may not want to give out so much info to buy Bitcoins. My point is that accounts on exchanges need to be funded initially which may not be that easy.
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March 09, 2017, 12:16:06 PM
 #339

When I first got into Bitcoin is seemed hard to buy. I think it has gotten easier, but it is still not very easy for the average person. Bitcoin ATMs would seem to be the easiest way for a novice to buy Bitcoins, but there aren't many around.
Bitcoin ATM's very limited in number compared to the available exchange and trading platforms. Bitcoin ATM's also levy high fee than the exchange websites. I believe it's quite easy to buy bitcoin through exchanges than finding an ATM and getting out of it.

When I first bought some Bitcoins I setup an account with Coinbase. They require a lot of personal information and bank account info. Some people may not want to give out so much info to buy Bitcoins. My point is that accounts on exchanges need to be funded initially which may not be that easy.

I think, it is so hard buying bitcoins. It is all about the value of a bitcoin itself, we should know what and when will be the best to buy bitcoins. Buying bitcoin is not that kind of buying a product to market, instead, buying bitcoin is so hard to predict, whether the bitcoin is on sale, or it is on the lowest value. We cannot predict whether when we can buy it on its lowest value. We should know what will be the best time to buy bitcoins. You must not have the fear on investing bitcoin. Sometimes, we should expect losing money in buying bitcoins.

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March 09, 2017, 03:19:59 PM
 #340

Because i don't have money prize is too high, 1 BTC is even over my monthly income. Its better to invest on altcoins mining

BTC: 3Qnnx4cu45Gx4WcksNCnBPu3TaUZ5sKkLo
LTC: LYX1ZH7f4qcXq52AzA6grUYDfDngVz7BEi
XRP: rLrbZMJDdL8eQd7HsW314bCtvE16LTLYkM?dt=1113
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