Why is it so difficult to buy bitcoin instantly?

Ticker

1 BTC = $47120.54 USD  (via Coinbase)
1 ETH = $1477.96 USD  (via Coinbase)
1 LTC = $172.49 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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I'm trying to buy $100 of btc for a bet on a basketball game tonight.

Every website has rules along the lines of:

confirmation transactions (coinbase is going to charge me random amounts up to a dollar to verify my card. This could take up to a week)

Insane amount of personal information (Gemini wants my passport and a utility bill)

Difficulty of in person transaction (The banks are closed around me. Also, I am nowhere need an ATM)

I feel that if it was easy to just buy bitcoin with a card with less barriers to entry it would be more widely used.

It should be just as easy as buying a song on Amazon (imo)

submitted by /u/foxetrot724
[link] [comments]

Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $47120.54 USD  (via Coinbase)
1 ETH = $1477.96 USD  (via Coinbase)
1 LTC = $172.49 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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