RE: Aussie response to unsuccessful account verification

You are viewing a single comment's thread from:

Aussie response to unsuccessful account verification

in cryptocurrency •  7 years ago 

It's because of all the fraud. The first time I bought Bitcoins my bank called me in a panic because they thought it was fraudulent transaction. I still can't buy more than 150 dollars worth at a time. Look at it from the vendors point of view, they sell someone bitcoins and the bank or credit card does a chargeback because it was stolen card they used. The scammer gets away with it and the person selling the coins is on the hook for it. I would be careful if I were them too. The whole post office box not being your real address is bullshit though.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

$150? At least that limits your losses huh :) I totally get that they need to cover themselves for fraud. It just annoys me because I'd never commit fraud, and I hate all the good people being inconvenienced for the few who wreck it for the rest of us. When I was a kid, things were sold in plastic wrap or paper bags. Now you need bolt-cutters or a sharp knife to unwrap your purchases when you get home :)