For those of you who use Circle...

how do you get past them asking for your ID? Cause they just out of the blue finally asked for mine, and idk what to do. I mean do they really even look into IDs? I just honestly want to know why so many of you guys use Circle, I mean you had to of just given up your identity by now right? I guess I am going to move to coinbase :( (dont worry, I dont go straight to dnm)


Comments


[6 Points] Dubstep95:

I used my irl id, just sent the shit to another middleman wallet and you should be good. Do not send from circle straight to a dnm or they'll close your acc, i havent had problems and ive been doing it this way for months. Just dont order insane amounts and stick to well known vendors, also try and get your limit increased.


[6 Points] tailsjoin:

Don't use any US exchange if you expect privacy. Cash in hand LBC, or cash by mail with a reputable seller.


[3 Points] BaileyJayOFFICIAL:

I see a lot of people on here having problems with both Circle & Coinbase (Mostly Coinbase). I have had my Coinbase account fully verified (Bank + SSN) for over a year now, and I have never experienced any problems whatsoever. I used to do Coinbase -> Agora wallet a year ago, and my account never got locked. I have a weekly instant buy limit of $1000, and I have come close to that limit a number of times within a year. I think it may be because my account was created awhile ago.


[3 Points] Aluminum_Foil_Hat:

buying bitcoins isn't illegal. Coinbase is going to ask for id as well.


[2 Points] -lobali:

Despite the fact that something like one half of one percent of all bitcoin transactions are used for illegal purposes, USA based exchanges have KYC laws. They have to be able to show they have no reasonable reason to believe their customers are making purchases for illegal activity, money laundering is actually the larger concern/

You may have noticed they also defaulted to using btc as your currency instead of fiat as the currency exchanged, and you have to manually switch to say USD if american. I went to switch and you have to acknowledge that trading in fiat is a taxable transaction. (Interestingly, I switched to NIS and didn't have to do this; I didn't mess around too much but it depends on the country if you have to acknowledge this if trading in any currency other than btc.

I have made an enormous number of transactions on circle as I used to actively trade on LBC. I have not yet been put throught KYC, but it is tied to three bank accounts. I know there is some rule if you are tied to a credit card only and a different one if tied to a banking account.


[2 Points] None:

They verify your id by you taking a picture of it.... Go buy a listing for a fake id scan


[1 Points] damnmachine:

I switched from coinbase to circle because they were called out for cooperating with LE and tracking transactions but it would probably be naive to not expect ALL exchanges to be doing that on some level. Now Circle starts this shit. I thought they were only requiring it for new users, I have yet to receive any communique regarding it.


[1 Points] Fade_0:

Just a general question -

if you're only looking to buy for personal use, really insignificant amounts of anything, do I even need to worry about LE coming after me?


[1 Points] gonzobon:

You can buy your coins anywhere if you send them through a tumbler. Or even two tumblers.

/r/grams