Hey all, thanks for reading my post.
I'm trying to get in to cryptocurrency's, I tired to create a CoinSpot account but I can't complete the verification as I don't have a drivers license.
What alternatives to CoinSpot would you recommend, that don't require a drivers license or passport?
ID that I do have
Birth Certificate =)
Proof of age
Health Car Card
Bills with my address?
The ID that I don't have,
Drivers license
Passport
Any and all help is much appreciated, thanks :)
Thanks for the reply, I'll look in to it.
I don't have a passport :(, I do have a proof of age though.
I don't have a driver's license and have had to submit documents online a handful of times. They've always accepted my proof of age ID with no hassles or questions. Give it a go.
OK thanks will do :)
so, looking at the last couple of days, are you still keen to get into crypto?
It's a rollercoaster!
How? Could you help me out? The online system (Green ID) insists on getting either an Australian driving license or a Medicare card, neither of which I have as an international student. (and obviously not an Australian passport or electoral roll nonsense, either)
I have e-mailed support asking about it, and offering the usual passport and utility bill verification, but they refused to help me, and insisted that I can just get a medicare card. ????
tagging @iPwnJ00 too
Anyone considering ethereum too? I am looking for someone to play broker for me and invest around $100 each bitcoin and ethereum for me and then check back on it in a few years or the next big up.
Basically I'll send you the money via direct deposit and then you can purchase the bitcoins and ethereum for me. Cheers thanks.
$100? Why would anyone do that for you with basically no brokerage fees?
Make an account on Poloneix and localbitcoins, buy some BTC…send to poloneix and buy some coins. Done.
You've probably missed the boat with BTC right now as its at $2100USD+, two weeks ago it was at $1600, the entry to the market is getting higher
Don't worry bitcoin will drop again.. how low it will drop though I am not sure.
But anyways ethereum what I am after..it is still climbing very fast as we speak I will probably miss this as I always do.. I am betting ethereum will be $300-500 easily by years end and then some more later.. it is still new and the new hyped bitcoin..
Seriously anyone want to broker for me $250 in ethereum I'll give you 3% in brokerage fees. one time offer
Just trawling through this old post..
Wow, look at the price now! Talk about high cost of entry! I'm looking into the other cryptos at the moment (how I ended up here).
Haha
Ethereum is what I'm after want to drop about $3000
Me too buddy. If you ever find a way to do let me know I'd like to put a little bit in with you if that's ok of course otherwise good luck my man.
Sure buddy.
Localbitcoins.com.au
Thanks I'll look in to it :)
Take the money you have set aside to invest in cryptocurrencies.
Put it in a basket.
Cover in petrol and set on fire.
???
Profit!
Please hand in your Ozbargain license :)
Any deals on baskets and petrol?
Now, what do you think? :P
The petrol fire is going to be even bigger and more painful
Get a real skill and invest in stocks, more to learn and you sound young.
Or better yet FOREX, that way you don't go bankrupt during the training phase. :)
Yeah I've been looking in to it, I'm a student on youth allowance, I don't know how tax would work out and everything and having to notify Centerlink.
I'm leaning towards the two brokers belldirect and mcm markets.
I don't know what stocks to buy though, well I was thinking acxiom, thinking that they would be a pretty good long term investment.
See if you can trade through your bank, minimum buys are $500 with $20 fee per buy/sell (this would mean you need an 8% gain to breakeven with the fees). Still, you have to start somewhere.
Not sure if you're into eSports, but there is a company with good prospects called ESH. Obviously the whole point would be to do your own research and determine if the share price will rise. You can join the HotCopper forums and start reading.
I sold all my Bitcoin yesterday. You've missed the boat, it's in a bubble. It's everywhere at the moment, CNBC stories, twitter, ozbargain, even Alan Kohler had a story on it yesterday. Once everyone starts talking about it you know it's close to the top.
Nope still early days imho.. people heavily speculating $10000 easily in the near future and I sorta kinda believe it.. just watch the next drop it will be on everybody's eyes.
Good one
The simple fact is that nobody knows. Certainly feels like a bubble is forming but we've no idea how big it will get before it pops or possibly even slowly deflates.
IMHO there's still a bit of room in there but then again it could all fall apart tomorrow.
Speculate responsibly people!
No good if you are left standing when the music suddenly stops…
Definitely a risk and the more it rises, the nearer we get to that point.
But just because you know the music will stop sometime, doesn't mean that you shouldn't enjoy a quick dance.
Something that does scare me though is people leveraging crypto through margin trading. It's already volatile enough. No need to ramp things up.
Sorry to hear man…
hehe, I was just about to post 'ouch'
Ouch indeed!
Any regrets? :D
Nope. 10x in btc and 31x in ethereum is just fine by me.
I have signed up for at CoinJar.com.au, the verification took me 2-3 days. Their buy/sell margins are way higher than other places, but they have an iOS app (maybe Android too?), which makes it really easy to keep up to date with your BitCoins, and move things around. I also have been using www.CoinTree.com.au to transfer in, but if you would transfer the quickest way you need to link a bank account, which involves being sent a 1 cent transaction and authorising your account using a code in the transfer description. They don't have an app, and you have to use the desktop site to do most of the work, so its feels inconvenient. The plus side is that they have a pretty good rate compared to other places. I have used them to transfer money in, and then send that to my other accounts.
I recently just got into this after losing having used BitCoin in 2012, and then continually hearing how I could have been a millionaire. I was bitter, but now I'm curious. After looking at the crazy spike and the spikes of other BitCoins, it seems that everyone's getting in and there is a bubble on the way.
I sold all my Bitcoin yesterday. You've missed the boat, it's in a bubble. It's everywhere at the moment, CNBC stories, twitter, ozbargain, even Alan > Kohler had a story on it yesterday. Once everyone starts talking about it you know it's close to the top.
The fact that I saw this post, makes me think that I got hyped in too. I'm thinking to just test the waters, spend some money trying to understand things and after the incoming crash, to buy up some BitCoin and some other popular altcoins.
I'm sure there's a future in this, but its probably not a good time to start at the moment.
Thanks :), I'll look in to coinjar and countries.
Yeah I too am suspecting the bubble is going to pop very soon, it's why I reeeally wanted to get in then sell out about a week or 2 later.
Coinbase are having issues right now with their sign up and verification process.
I mainly use btcmarkets. They have a Poli deposit for a number of australian banks, up to $2000aud per day. Costs $3.30 but almost instant.
Once youve used them a bit, you can ask for a higher Poli limit or bank deposit details (no fee).
Thanks for the tip on coinbase and btcmarkets :)
I've had more problems passing the ID requirements for BTC exchanges than I have for any bank or any government agency or anybody, period. It is ridiculous- so much for being anonymous.
I have had the similar issues with coinspot.
coinspot cant verify my nsw license saying the license picture is too dark .lol . if the RTA had no issues taking my picture with a crappy camera who are they to object ? so still struggling to get that verified.
you can open an account on coinspot using proof of age card.
To be verified you will need to:
Create an account
Have a valid Australian Drivers License, Australian Learners Permits or Australian Proof of Age Card (they must display your address)
Reside in Australia
Have an Australian phone number (we will contact you)
Be in Australia
https://coinspot.zendesk.com/hc/en-us/articles/115000154834-…
I'm verified now at a couple of exchanges but if I had my time over again I would only use localbitcoin- no POI bulldust. A bit more expensive but it will save you from having to mix/tumble your bitcoin if you're that way inclined.
Thanks mate :), I'll be opening one, cheers :)
Thank you everyone for all you help, and for the great extra info, cheers all :)
Make sure you use high leverage to maximize your profits, i suggest bitmex, 100x leverage.
Thanks :)
Given that most cryptos lost 50% of their value in a couple of days last week and some (ETH) made it back again, I would stay far away from leveraging.
Buy and HODL. Or learn about technical analysis and practise before putting real money in
I second that
Or was it?
Pretty sure this advice could've let you retire by now?
@lozza6: I get your point (even upvoted) but without leverage he would have made a tidy profit. With leverage he would have been wiped out at the first dip.
All for crypto but there’s enough risk already and it’s irresponsible to encourage newcomers to leverage.
@smalldeadchris: It's irresponsible for OP to blindly trade 100x leverage without doing further research.
Hi guys - I'm using coinspot. Tried to open an account with BTC markets but their verification is a joke! don't even bother with them. (They send you an actual letter as part of their verification process!). Two weeks went by and didn't receive anything. I opened the account with Coinspot and had a verified account within 3 hrs. They also offer different verification options.
Hey there,
I'm on BTC Markets; though I did my verification using a drivers license, I think they'll accept passport too.
Otherwise, I think you can also try Coinbase, but I'm having one hell of a time passing their bank verification.