Bitcoin is simply too difficult to buy to gain acceptance

[target]

Submitting IDs is like submission of your life to these exchanges, with just one IDs they can destroy your life after that but even so there its still very difficult to buy BTC because of the laws. I have submitted mine to huge exchanges. Approving i another process which I have to remind them that I have submitted such and such. Sometimes it end up fruitless, this could really mean that we are far from adoption.

[gurang]

Since I've been under the weather and didn't feel like an hours motorcycle ride back and forth to the bitcoin atm, I tried to buy some online. Big mistake! After a selfie with an explanation of the purchase while holding my ID which was difficult to hold up living alone- although I did manage a clear pictures, then two pictures of my id with my payment card, the purchase was rejected by the exchange and I was told to use another card.

I told them to forget it, and I would like a selfie from the exchange's CEO holding a signed note wherein he promised to destroy all pictures and information I had provide them with.

Who wants to put up with such nonsense? The only reason I deal with the ATM is for online gambling, which our countries cause us to lose more money on since we have to pay extra USD to buy the bitcoin, and then lose a couple of points when it is deposited.

If it was easily available within 1% of spot, it might find adoption- like if you could buy it the way you buy anything else online, simply type in your cc number and four digits on the back. Btc is supposed to be anonymous and easy but it is neither.

Bitcoin is not really difficult it depends on you how you manage it we're having a different way to manage it. but you must continue if what you have right now

[mk4]

Submitting IDs is like submission of your life to these exchanges, with just one IDs they can destroy your life after that but even so there its still very difficult to buy BTC because of the laws. I have submitted mine to huge exchanges. Approving i another process which I have to remind them that I have submitted such and such. Sometimes it end up fruitless, this could really mean that we are far from adoption.

While submitting your KYC/AML information to not-so-reputable companies, they can definitely do significant damage if they use your information for malicious purposes, but I think going as far as "destroying your life" slightly farfetched. I personally hate submitting KYC/AML information too don't get me wrong, but if you just submit your data to the reputable ones, you're probably fine. You just shouldn't send your data wherever, especially not with most(if not all) airdrops/ICOs.

[Karamabit_209]

Well I think in your problem, you only need to know where is the proper site to buy bitcoin. Many of us has no trouble of buying some, so you can do too.

[rodel caling]

if you live in a country like lets say UK and want to buy US dollar you go on some Forex market, sign up, give your selfi with your passport or something like that, wait weeks for approval, then deposit some money on your Forex account and wait until the bank transfer completes and the broker funds your account and enables you to start buying US dollar.

do you also consider US dollar having a hard time gaining acceptance?

I think it's normal reguirement from the exchange to identified the user making buy and sell bitcoin, i use local exchange where i'm located to buy and sell bitcoin or use it to convert into cash money.

[Kamoteng Kahoy]

Well I think in your problem, you only need to know where is the proper site to buy bitcoin. Many of us has no trouble of buying some, so you can do too.

But there are many people thats like him who also didn't know where to buy online though.

[kissme09]

Bitcoin is not so hard to buy as what you want because most countries have people who own Bitcoin, so there are always local currency markets for trading. Also, blockchain technology is anonymized so why should they care about legal nature.

[Karamabit_209]

Well I think in your problem, you only need to know where is the proper site to buy bitcoin. Many of us has no trouble of buying some, so you can do too.

But there are many people thats like him who also didn't know where to buy online though.

Yes, all of them must know where to buy. Why?  It is because before you do something you must know where to buy because you will lose money if you do a mistake. Take gambling for example, yes gambling is a game of chances, but if you are gambling to sites which the game has fair play, and you know that you are a intuitive risky and lucky person, then you can gamble. But if you know to yourself that you are not that lucky, not an intuitive thinker, and the site you are playing don't have a fair gameplay, then you will obviously not gonna win. It is the same to buying bitcoin, don't buy if you aren't sure that the site you are buying is legit and if you are not a person with patience because holding needs a lot of patience.

[MakeMoneyBtc]

Since I've been under the weather and didn't feel like an hours motorcycle ride back and forth to the bitcoin atm, I tried to buy some online. Big mistake! After a selfie with an explanation of the purchase while holding my ID which was difficult to hold up living alone- although I did manage a clear pictures, then two pictures of my id with my payment card, the purchase was rejected by the exchange and I was told to use another card.

I told them to forget it, and I would like a selfie from the exchange's CEO holding a signed note wherein he promised to destroy all pictures and information I had provide them with.

Who wants to put up with such nonsense? The only reason I deal with the ATM is for online gambling, which our countries cause us to lose more money on since we have to pay extra USD to buy the bitcoin, and then lose a couple of points when it is deposited.

If it was easily available within 1% of spot, it might find adoption- like if you could buy it the way you buy anything else online, simply type in your cc number and four digits on the back. Btc is supposed to be anonymous and easy but it is neither.

I personally find it super easy to buy bitcoin online. I simply search for a trusted person on a local forum who sells bitcoin and I transfer him the money directly in his bank account then he transfers me the bitcoin in my wallet  and that's it, no ID, no photo and no problem overall. You could do the same with a trusted seller on this forum.

[AjithBtc]

There is far better access to bitcoin in an anonymous way. Every country has its own regulations that needs to be followed in this regard. Whether the usage is on gambling or on any other needs, first of all he doesn't have a mind to use bitcoin. When we aren't interested we can point out lot of reasons, and if we want it we can explore and find ways to be anonymous. There is nothing to indicate the ID verification process, these days almost everywhere the same verification process is followed.

[Nolimitz84]

I told them to forget it, and I would like a selfie from the exchange's CEO holding a signed note wherein he promised to destroy all pictures and information I had provide them with.

Who wants to put up with such nonsense?

I never thought about it.But really what do they do with the documents in case of refusal?.And at the expense of commissions, then nothing can be changed here. Everyone wants to make money.I recently wanted to withdraw $ 25 to USDT and the exchange requested $ 5 Commission.Agree it very much.Ethereum charged me a lot less.So it all depends on the exchange and the exchange office where you make a purchase or sale of bitcoin.

[kamBlanV]

services that receive BTC are still small, even some countries choose to reject BTC because of volatility that is difficult to predict and often an alternative to criminal acts.

and we get influence from it all, we have a difficult when transacting, and we have to look for other platforms that accept BTC. but I am sure, that this problem will be resolved if BTC and crypto get a good response from the public in the future..

[aylabadia05]

services that receive BTC are still small, even some countries choose to reject BTC because of volatility that is difficult to predict and often an alternative to criminal acts.

and we get influence from it all, we have a difficult when transacting, and we have to look for other platforms that accept BTC. but I am sure, that this problem will be resolved if BTC and crypto get a good response from the public in the future..

I agree with what you say, from some of the causes of BTC not being used by many countries. especially from the government of a country that influences the masses not to transact with BTC, therefore BTC is threatened and difficult to develop in a country.

[kingplaya4]

Tell me one site that works worldwide (except for countries that have outright banned bitcoin). Just because you might be in the EU and it is relatively easy for you, it doesn't mean that it is easy for others.

It is the most frustrating thing in the world to submit all kinds of documentation and get turned down. I will never buy online again. I might sell online, if people are silly enough to buy above spot and jump through a lot of hoops sure. But buy? Forget it.

[BlackPanda]

Why do you need acceptance? Do you really believe in Bitcoin??
Don't be a fool. Most of us mine and trade bitcoin here is to make profit, not to use it as real currency. Right now in bear market, I do short selling, just like stocks. Either way, I make money from it, and that's enough.

The majority at this time do use bitcoin as an investment. Maybe if calculated then the percentage of Bitcoin usage as a currency is only a few percent.
But every year there is always an increase and that is a good thing and I hope there is always an increase every year.

[Kakmakr]

Just a reminder, the KYC/AML requirements has nothing to do with Bitcoin, but more with the conversion of Fiat currencies to bitcoins. You can still buy bitcoins from other people directly <if you can find a seller>, without all this KYC/AML nonsense <I usually get sellers at Bitcoin meetups> 

The moment when centralized Fiat based financial services gets involved, they force you to go through this KYC/AML nonsense. <Remember all the things you had to do when you first opened your Bank account? ....the same regulations applies to the first time when you open an account on an Bitcoin exchange.> 

[Herbert2020]

it is too difficult for me to dump my local currency and buy USD these days, a couple of months ago it was even impossible due to some government issued restrictions. so with your logic US dollar should not even be used and should be worth 0 because it is impossible to buy it! but obviously that is not the case, because the difficulty has nothing to do with US dollar, but it is all about my ability to dump something else for it.

[jakelyson]

That is the problem. Bitcoin is a decentralized structure but we are operating on a centralized exchange. It truly beats the innovation that bitcoin provided. If you can get someone you can trust, it is best to have a person-to-person transaction.

[minersday]

Why do you need acceptance? Do you really believe in Bitcoin??
Don't be a fool. Most of us mine and trade bitcoin here is to make profit, not to use it as real currency. Right now in bear market, I do short selling, just like stocks. Either way, I make money from it, and that's enough.

Definitely,  a lot of people in the crypto ecosystem are just in this ecosystem to make profit without thinking about the idea and purpose behind the creation of Bitcoin. Some also see it as an investment avenue to double or triple whatever amount they put into it. It will take about a century for the world to really use bitcoin in its right way.

[lyks15]

I strong disagree! Here in PH we can buy bitcoin anywhere. In convenience store,remittance center or even in the house in using bank creditcard. And one of popular bank in our country are now starting to launched their first bitcoin atm by unionbank. In convenience store we can buy bitcoin even in a late night or early in the morning so I think problem in buying bitcoin is doesn't a problem.