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Author Topic: newbie here, QNS: mtgox need document?  (Read 491 times)
darklancer
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November 27, 2013, 07:52:24 AM
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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
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nxtuser
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November 27, 2013, 08:09:20 AM
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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.

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mmstil
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November 27, 2013, 09:19:50 AM
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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.
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November 27, 2013, 09:28:51 AM
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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
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November 27, 2013, 01:07:25 PM
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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.

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November 28, 2013, 07:15:47 AM
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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
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November 29, 2013, 06:02:19 AM
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Thank you for the advices ! Smiley
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November 29, 2013, 10:03:59 AM
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You may check localbitcoins, and try to find a reliable trader near you.

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