I have just had a look over the website: http://comparebitcoins.net/ and I must say they have some strange ways at that company.
They don't seem to like bitcoin ATM's for the reasons as show in the quote below:
'No Linking To Completely Anonymous Bitcoin ATM Services' Policy Note
Completely anonymous ATMs have a high probability* of;There is a strong personal drug taking/minimal drug cultural responsibilities scene within online bitcoin communities.
Due to the above attitude within the online bitcoin community... completely anonymous bitcoin ATM services will not have their link clickable (or their price displayed) on CompareBitcoins.
attracting frequent drug users which partly supports crime and terror funding,
Why are they making this their business when they don't have to. Not even KYC or AML laws go this far.not being able to catch/trace/hold accountable users connected with transactions in the above point, and
causing 'high-cost negative cultural impacts' in the short and long term for digital commerce, online in general, and in the offline world (real life).
* = much higher than exchanges that, for example, check ID's.
It get's weirder when you have a read of the terms and conditions:
It then goes on to ask:I will not fund crime networks or terrorism by buying drugs with bitcoin*: I acknowledge that bitcoin addresses are forever, CompareBitcoin's 'send addresses' are publicly traceable, VPNs/Tor can be tracked with Javascript, and dealers/terrorists will 'sell out' their customers if it means less prison time.
I don't purchase anything illicit with my coins so I don't care about that side of things but I wouldn't trust buying my coins their. Sounds like your personal info would be sent straight to the feds.I acknowledge that I cannot use this service to pay ransom demands (ransomware), and if I try I will be reported for participating in/funding fraud*: As one victim who had his child threatened put it: "Once you pay once they'll want you to pay twice. It's nasty."
I don't think they are really much of an exchange since you can only purchase between $2-$30 worth of btc.
Does anyone know more about this Australian company (exchange)?