Why bitcoin is going nowhere (too hard to buy bitcoin)

[polecrab]

Ok, so I want some bitcoin in Australia.

What are my choices? I can meet the local drug dealers on the corner and do a shady deal, or I can provide detailed personal information to some unknown company. I have a credit card account and I can buy $1000 products online anywhere in the world, but I can't buy bitcoin.

Here is the registration questionnaire (https://anxbtc.com/#setting_verification) for ANXBTC bitcoin exchange before I can purchase bitcoin:

 

      Applicant Information

First Name
Last Name
Address
City
State/ Province/ Region
Country of Residence
ZIP/ Postal Code
Mobile Phone Number
Date of Birth


        Occupation, Income and Source of Funds

Occupation
If 'Employed' or 'Self-Employed is chosen, please specify:
If 'Other' is chosen, please specify:
Source of Funds (multiple options can be selected)
 Salary
 Saving
 Inheritance
 Other
If 'Other' is chosen, please specify:
Annual Income


        Nature of Activity

If 'Other' is chosen, please specify:


        Proof of Identity and Address

Please upload the following documents:

(1) Proof of identity

  * Must be valid (i.e. not expired) government issued ID. ANX accept
    the following:
      o International Passport (both sides)
      o National ID Card (both sides)
      o Permanent Driver's License (both sides)


(2) Proof of address

  * Must not be older than 3 months
  * We accept only the following:
      o Bank statement
      o Utility bill for utilities consumed at your home address
      o Tax return, property tax bill
      o Election/Voters ID


Additionally:
*Documents must be in the following formats: jpg, png, gif, pdf.
*Documents must be scanned in colour with minimum of 300dpi resolution
*Documents must be entirely visible
*Proof of residency document must be a scanned image of a paper
document, not an electronic substitute. Electronic versions of proof of
address will not be accepted.
Drop files here to upload


Upload Files

Having trouble uploading the documents? Please contact verify@anxbtc.com
<mailto:verify@anxbtc.com>


        Declaration

 I do hereby solemnly declare that the information provided is
up-to-date and correct. The documents provided as proof of identity and
proof of address has been self-attested. I authorize ANX to verify the
information provided to confirm its accuracy.
Submit <javascript:void(0)> Cancel <javascript:void(0)>

[1714828696]

1714828696

[lemfuture]

oh youre talking about personal rather than general 

[nickenburg]

well you can always go to https://localbitcoins.com/instant-bitcoins/
And select the city you live in, and maybe there are people near your area who you can meet to buy bitcoins.
Or you open your own australian exhange, to sell people bitcoins easier then the other websites in your country!

[titan86]

oh youre talking about personal rather than general 

Indeed! That's just one particular circumstance! It's better to find someone close to you and ready to sell you some coins.

[LostDutchman]

Ok, so I want some bitcoin in Australia.

What are my choices? I can meet the local drug dealers on the corner and do a shady deal, or I can provide detailed personal information to some unknown company. I have a credit card account and I can buy $1000 products online anywhere in the world, but I can't buy bitcoin.

Here is the registration questionnaire (https://anxbtc.com/#setting_verification) for ANXBTC bitcoin exchange before I can purchase bitcoin:

 

      Applicant Information

First Name
Last Name
Address
City
State/ Province/ Region
Country of Residence
ZIP/ Postal Code
Mobile Phone Number
Date of Birth


        Occupation, Income and Source of Funds

Occupation
If 'Employed' or 'Self-Employed is chosen, please specify:
If 'Other' is chosen, please specify:
Source of Funds (multiple options can be selected)
 Salary
 Saving
 Inheritance
 Other
If 'Other' is chosen, please specify:
Annual Income


        Nature of Activity

If 'Other' is chosen, please specify:


        Proof of Identity and Address

Please upload the following documents:

(1) Proof of identity

  * Must be valid (i.e. not expired) government issued ID. ANX accept
    the following:
      o International Passport (both sides)
      o National ID Card (both sides)
      o Permanent Driver's License (both sides)


(2) Proof of address

  * Must not be older than 3 months
  * We accept only the following:
      o Bank statement
      o Utility bill for utilities consumed at your home address
      o Tax return, property tax bill
      o Election/Voters ID


Additionally:
*Documents must be in the following formats: jpg, png, gif, pdf.
*Documents must be scanned in colour with minimum of 300dpi resolution
*Documents must be entirely visible
*Proof of residency document must be a scanned image of a paper
document, not an electronic substitute. Electronic versions of proof of
address will not be accepted.
Drop files here to upload


Upload Files

Having trouble uploading the documents? Please contact verify@anxbtc.com
<mailto:verify@anxbtc.com>


        Declaration

 I do hereby solemnly declare that the information provided is
up-to-date and correct. The documents provided as proof of identity and
proof of address has been self-attested. I authorize ANX to verify the
information provided to confirm its accuracy.
Submit <javascript:void(0)> Cancel <javascript:void(0)>

Hard cheese!

[GogglesPisano]

Just use localbitcoins or BTC-e - no personal info required!

[Foxpup]

Do you object to providing detailed personal information to a well-known company? BTC Markets verifies your identity through greenID; BTC Markets never even sees the information you provide to greenID.

[wachtwoord]

If things are hard to get it usually has the opposite effect.

[Jcw188]

I think OP is trying to say its hard to get mass adoption because it's so hard to buy BTC. I agree with him. In the US it's such a pain to buy for the average joe. They are used to something simple like schwab or Ameritrust or you call your broker and they buy whatever you tell them to do.

[Anon136]

bitcoin atms are popping up all over the place. this is the next step for bitcoin adoption.

[GBGglenn]

 "I can meet the local drug dealers on the corner and do a shady deal"

Are you saying that BTC'ers are criminals? ;p

[Cryptopher]

Just use localbitcoins or BTC-e - no personal info required!

Surely you need to share some degree of personal info with BTC-E or the companies it associates with in order to load your account with funds.

I personally bought on Bittylicious and Localbitcoins. Everything was surprisingly smooth.

[LostDutchman]

Do you object to providing detailed personal information to a well-known company? BTC Markets verifies your identity through greenID; BTC Markets never even sees the information you provide to greenID.

Yeah but without registraion as a Money Service Business in the USA and each and every of he 48 states requiring such registration, that service will be useless for USA citizens.

[Este Nuno]

Ok, so I want some bitcoin in Australia.

What are my choices? I can meet the local drug dealers on the corner and do a shady deal, or I can provide detailed personal information to some unknown company. I have a credit card account and I can buy $1000 products online anywhere in the world, but I can't buy bitcoin.

Here is the registration questionnaire (https://anxbtc.com/#setting_verification) for ANXBTC bitcoin exchange before I can purchase bitcoin:

 

       Applicant Information

First Name
Last Name
Address
City
State/ Province/ Region
Country of Residence
ZIP/ Postal Code
Mobile Phone Number
Date of Birth


        Occupation, Income and Source of Funds

Occupation
If 'Employed' or 'Self-Employed is chosen, please specify:
If 'Other' is chosen, please specify:
Source of Funds (multiple options can be selected)
 Salary
 Saving
 Inheritance
 Other
If 'Other' is chosen, please specify:
Annual Income


        Nature of Activity

If 'Other' is chosen, please specify:


        Proof of Identity and Address

Please upload the following documents:

(1) Proof of identity

  * Must be valid (i.e. not expired) government issued ID. ANX accept
    the following:
      o International Passport (both sides)
      o National ID Card (both sides)
      o Permanent Driver's License (both sides)


(2) Proof of address

  * Must not be older than 3 months
  * We accept only the following:
      o Bank statement
      o Utility bill for utilities consumed at your home address
      o Tax return, property tax bill
      o Election/Voters ID


Additionally:
*Documents must be in the following formats: jpg, png, gif, pdf.
*Documents must be scanned in colour with minimum of 300dpi resolution
*Documents must be entirely visible
*Proof of residency document must be a scanned image of a paper
document, not an electronic substitute. Electronic versions of proof of
address will not be accepted.
Drop files here to upload


Upload Files

Having trouble uploading the documents? Please contact verify@anxbtc.com
<mailto:verify@anxbtc.com>


        Declaration

 I do hereby solemnly declare that the information provided is
up-to-date and correct. The documents provided as proof of identity and
proof of address has been self-attested. I authorize ANX to verify the
information provided to confirm its accuracy.
Submit <javascript:void(0)> Cancel <javascript:void(0)>

Admittedly, that questionnaire is ridiculous, but there are quite a few other options for you as people have pointed out in this thread. Personally , I wouldn't give that company my business after seeing what information they require. I know that they are just attempting to cover their ass legally speaking, but I still find a company asking that much of a single person offensive.

[byt411]

Ok, so I want some bitcoin in Australia.

What are my choices? I can meet the local drug dealers on the corner and do a shady deal, or I can provide detailed personal information to some unknown company. I have a credit card account and I can buy $1000 products online anywhere in the world, but I can't buy bitcoin.

Here is the registration questionnaire (https://anxbtc.com/#setting_verification) for ANXBTC bitcoin exchange before I can purchase bitcoin:

 

       Applicant Information

First Name
Last Name
Address
City
State/ Province/ Region
Country of Residence
ZIP/ Postal Code
Mobile Phone Number
Date of Birth


        Occupation, Income and Source of Funds

Occupation
If 'Employed' or 'Self-Employed is chosen, please specify:
If 'Other' is chosen, please specify:
Source of Funds (multiple options can be selected)
 Salary
 Saving
 Inheritance
 Other
If 'Other' is chosen, please specify:
Annual Income


        Nature of Activity

If 'Other' is chosen, please specify:


        Proof of Identity and Address

Please upload the following documents:

(1) Proof of identity

  * Must be valid (i.e. not expired) government issued ID. ANX accept
    the following:
      o International Passport (both sides)
      o National ID Card (both sides)
      o Permanent Driver's License (both sides)


(2) Proof of address

  * Must not be older than 3 months
  * We accept only the following:
      o Bank statement
      o Utility bill for utilities consumed at your home address
      o Tax return, property tax bill
      o Election/Voters ID


Additionally:
*Documents must be in the following formats: jpg, png, gif, pdf.
*Documents must be scanned in colour with minimum of 300dpi resolution
*Documents must be entirely visible
*Proof of residency document must be a scanned image of a paper
document, not an electronic substitute. Electronic versions of proof of
address will not be accepted.
Drop files here to upload


Upload Files

Having trouble uploading the documents? Please contact verify@anxbtc.com
<mailto:verify@anxbtc.com>


        Declaration

 I do hereby solemnly declare that the information provided is
up-to-date and correct. The documents provided as proof of identity and
proof of address has been self-attested. I authorize ANX to verify the
information provided to confirm its accuracy.
Submit <javascript:void(0)> Cancel <javascript:void(0)>

Admittedly, that questionnaire is ridiculous, but there are quite a few other options for you as people have pointed out in this thread. Personally , I wouldn't give that company my business after seeing what information they require. I know that they are just attempting to cover their ass legally speaking, but I still find a company asking that much of a single person offensive.

Hello, ANX here. May I ask how is our questionnaire ridiculous? They are simple questions. BitStamp will suddenly freeze your funds and require you to complete a longer questionnaire, including how you got your bitcoins and why you are selling them for fiat, or vice-versa.
We'd love to hear your feedback.

[Smack That Ace]

well you can always go to https://localbitcoins.com/instant-bitcoins/
And select the city you live in, and maybe there are people near your area who you can meet to buy bitcoins.
Or you open your own australian exhange, to sell people bitcoins easier then the other websites in your country!

Lets say if i were to open an exchange in a country where bitcoins were not available easily.
What would i require for that ?

Regards

Duke

[byt411]

well you can always go to https://localbitcoins.com/instant-bitcoins/
And select the city you live in, and maybe there are people near your area who you can meet to buy bitcoins.
Or you open your own australian exhange, to sell people bitcoins easier then the other websites in your country!

Lets say if i were to open an exchange in a country where bitcoins were not available easily.
What would i require for that ?

Regards

Duke

You would need a huge budget, to employ people, educate them about bitcoin and then make them learn what to do.
Seriously, you're much better off using an existing exchange.

[Este Nuno]

Ok, so I want some bitcoin in Australia.

What are my choices? I can meet the local drug dealers on the corner and do a shady deal, or I can provide detailed personal information to some unknown company. I have a credit card account and I can buy $1000 products online anywhere in the world, but I can't buy bitcoin.

Here is the registration questionnaire (https://anxbtc.com/#setting_verification) for ANXBTC bitcoin exchange before I can purchase bitcoin:

 

       Applicant Information

First Name
Last Name
Address
City
State/ Province/ Region
Country of Residence
ZIP/ Postal Code
Mobile Phone Number
Date of Birth


        Occupation, Income and Source of Funds

Occupation
If 'Employed' or 'Self-Employed is chosen, please specify:
If 'Other' is chosen, please specify:
Source of Funds (multiple options can be selected)
 Salary
 Saving
 Inheritance
 Other
If 'Other' is chosen, please specify:
Annual Income


        Nature of Activity

If 'Other' is chosen, please specify:


        Proof of Identity and Address

Please upload the following documents:

(1) Proof of identity

  * Must be valid (i.e. not expired) government issued ID. ANX accept
    the following:
      o International Passport (both sides)
      o National ID Card (both sides)
      o Permanent Driver's License (both sides)


(2) Proof of address

  * Must not be older than 3 months
  * We accept only the following:
      o Bank statement
      o Utility bill for utilities consumed at your home address
      o Tax return, property tax bill
      o Election/Voters ID


Additionally:
*Documents must be in the following formats: jpg, png, gif, pdf.
*Documents must be scanned in colour with minimum of 300dpi resolution
*Documents must be entirely visible
*Proof of residency document must be a scanned image of a paper
document, not an electronic substitute. Electronic versions of proof of
address will not be accepted.
Drop files here to upload


Upload Files

Having trouble uploading the documents? Please contact verify@anxbtc.com
<mailto:verify@anxbtc.com>


        Declaration

 I do hereby solemnly declare that the information provided is
up-to-date and correct. The documents provided as proof of identity and
proof of address has been self-attested. I authorize ANX to verify the
information provided to confirm its accuracy.
Submit <javascript:void(0)> Cancel <javascript:void(0)>

Admittedly, that questionnaire is ridiculous, but there are quite a few other options for you as people have pointed out in this thread. Personally , I wouldn't give that company my business after seeing what information they require. I know that they are just attempting to cover their ass legally speaking, but I still find a company asking that much of a single person offensive.

Hello, ANX here. May I ask how is our questionnaire ridiculous? They are simple questions. BitStamp will suddenly freeze your funds and require you to complete a longer questionnaire, including how you got your bitcoins and why you are selling them for fiat, or vice-versa.
We'd love to hear your feedback.

While I respect the fact that you need to abide by your local laws I find that in particular the employment, income, source of funds and the nature of activity parts to be invasive personally. It feels like applying for a loan when in fact I would be the one depositing money. I don't blame your company though if these are the KYC/AML regulations that you're required to follow.

[Smack That Ace]

Hello,

Thankyou for your response.
Can you give me an example of such an exchange that would give me a sort of franchise or some other deal where we market them locally.
It would be much better than setting up our own exchanges.

Regards

Duke

[bitsmichel]

Ok, so I want some bitcoin in Australia.

What are my choices?

There are so many ways to get bitcoin.

Signature advertising
Provide services (on this forum), for example write some text, site reviews etc;
Sell products for btc
Sell services for btc
Bitcoin ATM. See http://bitcoinatmmap.com/  Shows two ATMs in Australia if you zoom in. In Melbourne and Dunning.
Work for btc (lots of jobs)
Make a website with (bitcoin) ads.
Faucets (gets you some btc, but mostly waste of time)
Meet people on a bitcoin conference, trade there. http://www.btcconference.com.au/