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If you go to PayPal and want to open regular account for low transactions, do they ask you for ID and proof of residence? You cannot compare brick and mortar ba
by funkyy 13y ago
If you go to PayPal and want to open regular account for low transactions, do they ask you for ID and proof of residence? You cannot compare brick and mortar bank to bitcoin service.
- ekianjo 13y agoFor low transactions maybe, but as soon as you want to do anything more with your Paypal account they will ask for the same kind of papers. I find nothing strange about that.
- funkyy 13y agoYou said it yourself - for low transactions. When people donate/do transactions around the web they wont spend probably more than $100 in one go. If any bitcoin service would be worried about scam they would implement same security measures - lets say limit of $100 per transaction or total of $1K per year before they ask for papers. Easy and saves them a lot of money on processing applications as well.