Why So Bloody Hard to Buy Crypto?

[SoldieringOn]

Bitcoin and other crypto currencies are becoming more accepted these days. 

Why then, is it so bloody hard for the average person to learn where to buy it?  Is it because it's considered "dirty money?" 

Your opinion?

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[coinwizard_]

Damn right, this is the main reason why it has not gone mainstream. You need to go through a KYC process everywhere just to buy some coins. Coinbase, localbitcoins (unless you get the really expensive ones), it needs to be made easier

[OgNasty]

Bitcoin and other crypto currencies are becoming more accepted these days.  

Why then, is it so bloody hard for the average person to learn where to buy it?  Is it because it's considered "dirty money?"  

Your opinion?

This is a common misconception when people try to buy crypto for the first time.  The sad truth is that fiat is really crappy for buying things online.  Fiat is easily reversed and online fraud is rampant.  That makes selling Bitcoin for fiat online a very risky venture.  This means those who accept fiat for BTC must be extremely careful to make sure the fiat is legitimately being spent by it's owner and will not be reversed which leads to additional delays and verification processes that can be a pain.

From the perspective of the one spending fiat it makes it seem like crypto is hard to buy, but in reality it is your dirty fiat money that is hard to spend.

[SoldieringOn]

I know what you mean.  I can understand wanting to protect a business from being ripped off (by using a verification process), but  if someone is rejected, they don't say WHY!  It's ridiculous! 

Seems the only choice is to purchase currency at high interest rates. 

I wish I knew of a legitimate, high volume place to purchase that doesn't require pledging the souls of one's first-born descendants!

[/quote]

Damn right, this is the main reason why it has not gone mainstream. You need to go through a KYC process everywhere just to buy some coins. Coinbase, localbitcoins (unless you get the really expensive ones), it needs to be made easier

[seoincorporation]

Bitcoin and other crypto currencies are becoming more accepted these days. 

Why then, is it so bloody hard for the average person to learn where to buy it?  Is it because it's considered "dirty money?" 

Your opinion?

I don't think is hard to buy cryptos.

I mean anyone can open an account on localbitcoins and place a buy order, there is no big science on that move. The problem is to give the first steps when no one is there to show you the way. Just like anything in life.

Even if you google 'How to buy bitcoins' the steps to follow are easy.

[Jamjamz30]

With proper orientation, researching, and experience will get you through the process of how to buy cryptocurrency. The identification process is one way to reduce the number of illegal transaction of cryptocurrency. Some people made this as a gateway to hide their money that came from illegal activities.

[kamBlanV]

in my opinion there are still many of them who don't know the crypto world. some people hate the crypto world. and some people choose fiat or gold as a transaction tool. Crypto currencies have high and fast volatility. so some people also feel scared.

[Timmzzy]

Bitcoin and other crypto currencies are becoming more accepted these days. 

Why then, is it so bloody hard for the average person to learn where to buy it?  Is it because it's considered "dirty money?" 

Your opinion?

Bitcoin is never a dirty money for your information, average depends on who really wants to know how bitcoin works not all about to buy it at least of you want to start school as a fresh student for example you should know the class u are to begin with, if it is for the side of getting to know how bitcoin and other Cryptocurrencies work. Buying shouldn't be hard once all is done

[RussaX]

Bitcoin and other crypto currencies are becoming more accepted these days.  

Why then, is it so bloody hard for the average person to learn where to buy it?  Is it because it's considered "dirty money?"  

Your opinion?

This is a common misconception when people try to buy crypto for the first time.  The sad truth is that fiat is really crappy for buying things online.  Fiat is easily reversed and online fraud is rampant.  That makes selling Bitcoin for fiat online a very risky venture.  This means those who accept fiat for BTC must be extremely careful to make sure the fiat is legitimately being spent by it's owner and will not be reversed which leads to additional delays and verification processes that can be a pain.

From the perspective of the one spending fiat it makes it seem like crypto is hard to buy, but in reality it is your dirty fiat money that is hard to spend.

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Finally. Fiat is dirty money. I realised that for internet trading fiat money could endup withdrawn, it takes a lot of time to process transaction and it has many flaws. I started to use Bitcoin and few other alternative (like liberty reserve or perfect money). It made my job a lot easyer while at that time I was doing web design, gfx and programming so I was in a field where people who I was trading with knew for Bitcoin. Note that was around 2010 in the early days I didn't know too much about BTC except that it was open source, decentralized and possible to mine and I was happy with that.

All in all, fiat is the one that causes problems not the crypto because once you have crypto transactions are very easy and secure.

[mega_carnation]

Dirty money? nah.. you know what's dirty? fiat money, it's being passed through different hands and bacterias are also being passed to the receiver which can cause cough, cold and other mild disease that you'll never notice.

Buying crypto is hard for those people that are still skeptic and not sure if they will have it or not.

[demonicsheikh]

I think because of money laundering issues.

But you can buy crypto from p2p or exchangers.

[kamBlanV]

Dirty money? nah.. you know what's dirty? fiat money, it's being passed through different hands and bacterias are also being passed to the receiver which can cause cough, cold and other mild disease that you'll never notice.

Buying crypto is hard for those people that are still skeptic and not sure if they will have it or not.

I think. The mean of dirty money is money that is often used for crime. and that made the public afraid and skeptical. but. the reality is that fiat is often used as crime rather than crypto. but crypto is harder to trace.

[demonicsheikh]

Dirty money? nah.. you know what's dirty? fiat money, it's being passed through different hands and bacterias are also being passed to the receiver which can cause cough, cold and other mild disease that you'll never notice.

Buying crypto is hard for those people that are still skeptic and not sure if they will have it or not.

I think. The mean of dirty money is money that is often used for crime. and that made the public afraid and skeptical. but. the reality is that fiat is often used as crime rather than crypto. but crypto is harder to trace.

Not if you have means to trace and survalance.

[aoluain]

The big issue in real term is that newcomers want to buy bitcoin and unlike
walking into a shop or buying something on ebay for instance it is not instant.

The new buyer expects to spend the FIAT and receive the goods like other
items but unfortunately there are hoops to jump through which take time
if they use an exchange.

Alternatively they can buy for straight cash which brings back to ognasty's
post above.

[udidrone]

Damn right, this is the main reason why it has not gone mainstream. You need to go through a KYC process everywhere just to buy some coins. Coinbase, localbitcoins (unless you get the really expensive ones), it needs to be made easier

Still confused why that sites ask people to do KYC before can buy coins in their platform, if everything like in past, maybe bitcoin will always be anonymous. Pros and Cons will come but we don't have any choice to follow it.

[BitHodler]

The big issue in real term is that newcomers want to buy bitcoin and unlike
walking into a shop or buying something on ebay for instance it is not
instant.

The new buyer expects to spend the FIAT and receive the goods

KYC was to be expected with how the crypto market as a whole literally exploded. I remember back in 2015 and even a part of 2016 I could buy €10,000 worth of Bitcoin every 24 hours and have it be sent to my wallet instantly.

Currently the process is still instant (actually, near instant since they batch transactions which could take a couple of minutes), but the difference is that you need to verify yourself right now.

That being said, looking at how people have no problems sending all their private information to garbage ICOs, they also won't have any problem sending all that personal information to compliant exchanges.

[KingScorpio]

the emerging waves plattform will make it easier to aquire cryptocurrencies, its however still quite though to load your account with communal fiats

[ludofin]

I can tell what made my crypto buying much more easy; Premium account at revolut, couldn't be much more easier to exhange fiat to crypto.. try it out, really loving their service.
New Era of digitality is forming up quite nicely, once you find the right service I am sure there are other services too.

 

[Initscri]

Buying crypto used to be a hell of a lot harder. It's insane comparing the purchasing options now vs. 2013-2014 (when I first started in crypto)

TBH, buying crypto is only difficult for people who aren't really fully interested in it. But IMO, it's one of the major components holding the currency back. If you want to buy gold or real estate, you have options such as ETFs which make it easier for common investors.

i'm not saying I fully agree with an ETF for Bitcoin (as I think it kind of defeats the purpose of Bitcoin). But if adoption is the only metric to be cared about, then the Winklevil were on to something.

[Schirer]

You should elaborate on " hard to buy"  and i dont think that it is hard for average person to buy crypto currencies. Just find a decent exchnage, register , top up fiat and go ahead.