Buying and selling Bitcoin in the United States is still subject to certain limits on the amount you can purchase per week. Even though companies such as Circle (US$2,500 per week) and CoinBase (US$1,000 per week if you purchase up to US$50,000; otherwise just US$100 per week). are active companies in the US markets, there is still a lot of room for competition. Trucoin is aiming to fill that gap, as their customers can now purchase up to U$1,000 in Bitcoin on a daily basis.
TruCoin Available In 32 US States Right Now
Whenever you have a chance to strike up a conversation with a Bitcoin enthusiasts from the United States, and ask them how they purchase Bitcoin, you will usually hear the names of Circle, CoinBase, and several of the major exchanges. Trucoin is hardly ever mentioned by anyone, even though the platform serves a healthy customer base at this point.
As you open up the Trucoin website, you will be greeted with their slogan “The Fastest Way To Buy Bitcoin”. Glancing over their accepted payment methods, which include Visa, Mastercard and of course Bitcoin itself, you can see why the Trucoin platform could become extremely popular for US customers looking for convenient ways to buy some bitcoins.
Creating a Trucoin account looks fairly straightforward as well, as users can use one of their existing social media accounts (Facebook, LinkedIn or Google+) to create an account in mere minutes. Once you have created your account, you will be presented with the following dialog window, asking you to quickly verify your identity.
However, that is not all of the verification required in order to use Trucoin’s services. AS we have seen with most, if not all other Bitcoin exchange platforms out there, users will need to submit some form of proof they are the person they claim to be. Truth be told, Trucoin’s verification procedure does not necessarily require you to submit a copy of your passport/ID/Driver’s license, but rather a copy of a recent utility bill. This copy can be uploaded directly, or if you have a webcam installed, you can verify your identity that way as well.
Note from the author : No information is given on the timeframe of the verification procedure. Seeing how Trucoin wants to be “fast and easy”, I assume it will be reviewed within 24 hours on a business day.
Granted, Trucoin is not available in every state in the US, as each state has different regulations and legislations to fulfill for money transmitters. However, Trucoin’s services can be accessed in 32 US states right now, including the likes of Florida, California and Nevada. Several states, including the state of New York, are absent from that list for obvious reasons.
Website : http://trucoin.com