Kraken won't take credit card deposits :(
I wish I had read the support article before I signed up for an account and gave them all my details.
Sigh.
The email verification for tier 2 just came through--only 5 days it took, which is faster than I expected given how overloaded all the exchanges are at the moment--but I had submitted up to tier 3 documents. I thought that I would be able to start depositing fiat currency at this point, but going through their support docs, it turns out this is not possible.
I'm outside the US, so I mistakenly believed that there would be a credit card option as well as a US bank account transfer option.
What are my other options? I'm aware of LocalBitcoins.com but that looks a bit too dodgy for me, plus all the sell prices are insanely high. I'm in New Zealand, so I have signed up for Cryptopia, but those poor folks are a bit overworked and under-resourced by the looks of it.
That's my last resort as I understand it, but I'm just not sure how far away that is. If I can speed up the process and get myself some funds to starting buying some crypto, that would make me happy.
Do you have any advice or links you can send my way?
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I have a couple of other blog posts in the works, one is my take on blockchain, which I hope everyone will find interesting, plus I have been researching crypto faucets and am writing an article/tutorial. So please follow me if these sound interesting and you want to keep up to date with my posts.
I have personally given up for the time being in purchasing crytpocurrency. The reason being, the process for identification will not work for me, as I have some issues with my documentation. I'm in the U.S., so any online trades need identity verification. I don't agree with the process at all either. What I am currently doing, is collecting from faucets, (primarily coinpot) running their browser miner at times, utilizing their free conversion to dump it all into dogecoin. Dogecoin has the lowest cashout rate at 50 doge, then I head over to blocktrades and dump in all into steem and transfer it here. Hopefully this isnt moronic, but it's the only way I am able to get my hands on micro amounts of crypto. Isn't it kind of funny you need to be identified to purchase crypto, but yet you can collect micro installments with no identity whatsoever (unless the IRS tracks all the IPS on a faucet LOL.) Hopefully we don't see a future where governments issue you a trezor like device, attach your identity to it, then have record of every purchase you make through the blockchain. Unfortunately, I see something like this happening.
Haha I've been doing the same thing. I finally got verified with Cryptopia which is in my country, and I transferred some money in, but it's the weekend and they don't process until weekdays. And Monday is New Years Day so the banks won't be doing transfers then either, so I think I have a few more days to wait.
I have been going hard out on CoinPot for a few days and made just under US 50 cents. It's a bit like slave labour really. :) But I'm seeing money in my wallet and that makes me a little happy.
I've found another one called FaucetHub (that's a ref link) which has two faucet sites called CoinGainGuru 1 & 2, you build up a few sats on those, then go to FaucetHub and play different games. The ones I did were basically lottery type games. You buy a number of tickets and go for awards. Everything from a turbo mode which runs once a minute to monthly versions. The gains there are quite a lot higher. I had my account up to 3,400 satoshi at one point, but I'm terrible at it so am down to 500. :(
Not sure if each other's referrals still work seeing as we already have accounts, but if you want to post your links I'll click on them and see if you get referral bonuses.
Mine for CoinPot are:
btw - I'm writing up a big article/tutorial on CoinPot but I want to give it a few more days of grinding them before I post it.