Why is crypto so hard to buy? Every site I've checked out

>>3315622
Because all kinds of frauds, you dummy

>>3315746

That's not a reason to kill the cryptomarket from ever taking off.

at all

>>3315622
Anti money laundering regulations.

It is barely the process necessary to open a bank account

>>3315622
let's say I'm someone working behind the curtain.

1: to prevent terrorism funding.
2: to prevent organized crime funding
3: to prevent money laundering and tax evasion

if those sites don't ask those things and are sure you are not some terrorist, they will be taken down by the US government very quickly..

>>3315888
>>3315907
>>3316651


Except it doesn't do anything to prevent any of that.

Someone can buy some coins on coinbase, move them out into another exchange or their own wallet and then fund criminals with that money or do something illegal with it.

It doesn't prevent jackshit.

>>3316675
yes it does. we can access your name and passport information in a special database..

if it flags up as high risk, have past criminal convictions we won't let you create an account.

>>3316675
>It doesn't prevent jackshit.

Yea, but now the government can pretend it did something about the problem and continue to eat babies and bomb 3rd worlders.

>>3315622
Mainly to prevent chargebacks. The AML/KYC is just an added reason to give to users as well as an extra check.

I bought some membership to an mmo and they wouldnt process it unless I sent them pics of my drivers license and credit card.

I bought a minecraft gift card code back in the day for a relative and mojang emailed me wanting my drivers license.

I was buying gift cards on one site and as soon as I hit $600 they hit me with all the checks.

Amazon gets away with it because with your credit card and address, they already know enough about you to reasonably trust you with the transaction.

If bitcoins were physical and being sent to your house, theyd require less anti-fraud measures.

I keep up with the 'Get Paid To' industry where people earn gift cards for doing stuff. A lot of those sites even require social security number, drivers license, selfie pics, etc. nowadays.

Fraud is more sophisticated then it has ever been.

>>3316675
Yes it does. It collects information on people that use those services. If the use is routine enough or the transactions high enough it gets flagged for an audit.

It's part of a know your customer regulation banks have to have in place so they can report suspicious activities. The point is to make it more difficult for people to create fake identities to bypass any potential audits.

All companies who work with cash transactions have to comply or you get shut down. I believe a few early bitcoin adopters ran an exchange years ago and did not comply with the regulation. They are currently in prison I believe.

>>3315622
No BTC ATM's I've used required my ID.

>>3316815
not only routine enough ,, but if we do it as well when we see odd behavior.. switching between currencies quickly... transferring money within minutes. from one bank account to another bank account via our site etc..

>>3315622
have you ever tried to open a brokerage account to trade securities like stocks and futures?

the process is the same.

>>3315836
There are way more regulations for more mainstream markets. I don't know what you're on about.

>>3316862
What country do you live in?

I imagine they had to snap a pic from their web cam if they didn't check ID.