Hello bitcoin talk. New member here. I've been researching crypto for a few weeks now and reading many posts on here in the last few days. I decided to invest and buy 1 BTC today. I am purchasing on bitstamp thru sin trex using my CC. I planned on moving to BTC .com wallet that is supposed to support BCC on the fork tomorrow.
I have some comments to make. I verified thru bitstamp and it took a day or so. Then I have to verify again on sintrex to make a purchase. The verification process seems very time consuming and a little bit frustrating as a consumer. I am not a programmer but I am a constant user of electronic equipment and this process of verification is almost painful enough to deter people from buying and using crypto.
Somebody needs to streamline this process to make it more user friendly if it is to become the new way of paying for things IMO.
Anyways, looking forward to doing more research and trying some trading on the crypto market.
Have a nice day!
Cementhead43
Unfortunately, it won't get better. The identification steps are necessary for two reasons:
1. The current financial system makes it very easy for a merchant accepting credit cards and electronic payments to get scammed.
2. Money services businesses with U.S. customers are required to monitor and report your activities to the U.S Government.
