newbie here, QNS: mtgox need document?

[darklancer]

Hi all,

Newbie here and also newbie to bitcoin.

When I sign up MTGOX, it ask me for identification card and bill document to verify. Is it a must and is it safe?

Next is, 1 BTC is $1000 +++ now , is it still feasible to buy? or wait for it to drop?

thanks all

[nxtuser]

Mt.Gox introduced verification not so long ago (in May 2013, IIRC). That was supposedly done to increase safety of withdrawals, although at a cost of reduced privacy. I am certainly not comfortable with sending Mt. Gox my ID and/or utility bills, although others may have other opinion on that.

Mt.Gox isn't the only exchange, there are others with less privacy-invading practices.

[mmstil]

When I sign up MTGOX, it ask me for identification card and bill document to verify. Is it a must and is it safe?

IMO, Mtgox has severe delay problem for USD withdraw, and you can find way better exchanges.

[medUSA]

I registered at MtGox a few months ago and when I found out it needs a copy of my passport as verification (non US user), I just cancelled and have never logged in since.

I suggest you find another exchange. However, it seems several other exchanges have complaints against them too. Please choose carefully.

[darklancer]

I registered at MtGox a few months ago and when I found out it needs a copy of my passport as verification (non US user), I just cancelled and have never logged in since.

I suggest you find another exchange. However, it seems several other exchanges have complaints against them too. Please choose carefully.

Thank you all,
may the experience bitcoiners recommend a good exchange? I am not from US.

[medUSA]

I wish I can point you to a "trustworthy" exchange, but I really don't know.

I am using one registered in my local country and their bid offer spread is big,
but at least when they do run off with my money, I have an real address for local authorities to work on.

There are subforums here in your local language. Post a topic there and ask to see if an exchange operates in your country and deals in your local currrency. Then search for any complaints/bad experiences against them.

Good luck

[darklancer]

Thank you for the advices !

[Pony789]

You may check localbitcoins, and try to find a reliable trader near you.