111–120 of 140 posts
Earlier quoted context omitted.
Kraken.com: Up to 10.000$ a month _without_ the need to be verified (SEPA transfer). I signed up and had my EURs on the platform after two days of SEPA transfer.
Minimum withdrawal amount is eur 500 fee 1%, minimum fee = eur 100 100 EUR fee for a bank transfer? that's insane.
Try CoinJar in Australia, very good company for buying and selling Bitcoin. Remember do not use their wallet service for holding large amounts of Bitcoin, even the owner of the business recommends keeping most of your coin in a cold wallet.
Three of us have since transferred some BTC to BTC-E to grab a few LTC. That was a pretty quick process.
This is why I was unable to buy bitcoins when I first read about them on HN in 2010 and similar in 2011 when the price had gone over $1 and actually showed promise. (I have some emails to colleagues / friends showing my frustration at the time of wanting to get some) I always wanted just 1 (still do), but back in 2010 I was just going to spend £100 and see what happens. It seems in the US the people who did similar t…
Even these comments here are full of obstacles. Its like techies are so into btc they cant comprehend an article stating a real problem witb bitcoin. Its supposed to be easy but it isnt, all these btc exchanges/markers/sites are worse than normal banking/trade sites. No I havent handed my photo to my bank and I wont do so for all the shady btc sites mentioned here. I dont hand my ID or "get verified" to amazon when b…
What scams have you ever heard of that made it hard to get your money into them? The reason it's a pain to get into Bitcoin is because of all the regulations that the "shady" exchanges are complying with (and again, how many "shady" operations do you know that comply with government regulations?). By the way, I do agree that it can be inconvenient to get everything set up initially in an exchange like Coinbase or Bit…
You know, the thing all those regulations are about.
Which is why every scam starts off having to convince you to do something you don't quite understand, with a financial process that will always be a little odd.
Even these comments here are full of obstacles. Its like techies are so into btc they cant comprehend an article stating a real problem witb bitcoin. Its supposed to be easy but it isnt, all these btc exchanges/markers/sites are worse than normal banking/trade sites. No I havent handed my photo to my bank and I wont do so for all the shady btc sites mentioned here. I dont hand my ID or "get verified" to amazon when b…
What scams have you ever heard of that made it hard to get your money into them? The reason it's a pain to get into Bitcoin is because of all the regulations that the "shady" exchanges are complying with (and again, how many "shady" operations do you know that comply with government regulations?). By the way, I do agree that it can be inconvenient to get everything set up initially in an exchange like Coinbase or Bit…
> What scams have you ever heard of that made it hard to get your money into them?
The first thing a scammer will say is that he doesn't want your money. Depending on the scam and circumstances, he will even refuse it.
> how many "shady" operations do you know that comply with government regulations?
All such operations must avoid showing up in any government's radar. For that they have to hide some parts of their activity, and look pristine, lawful and compliant in the rest.
Many people want to buy bitcoins, but only the ones that are really commited to doing so succeed.
It's very easy to say you wanted to buy Bitcoin, but did you really try that hard?
I have been trying to buy Bitcoins for a few years, it's way too hard. When I was in high school learning programming I wanted to buy them because I heard you could trade with Python scripts. They were $0.30 at the time and I tried to put in ~$50 (if only!). Today I still want to put in $50 - $100 but I can't because as a college student I don't have proof of residence. I have a passport and bank account but I still…
What are you talking about? You can buy AND sell in coinbase.
The story of Bitcoin is practically no-one seems able to cash out at the reported rates - you're lucky to get about 1/3rd of that.