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Coinbase has essentially become another bank. They go well beyond KYC requirements and have banned people for things they don't like.
by driverdan 7y ago
Coinbase has essentially become another bank. They go well beyond KYC requirements and have banned people for things they don't like.
- JackRabbitSlim 7y agoCitation needed. Like not saying I don't believe it, just want details.
- driverdan 7y agoSearch /r/Bitcoin/ for banned from coinbase and you'll get plenty of examples: https://www.reddit.com/r/Bitcoin/search?q=banned+from+coin https://www.reddit.com/r/Bitcoin/search?q=banned+from+coin
- darkkindness 7y agoCould you (or someone else) elaborate on Coinbase going beyond KYC requirements?
- driverdan 7y agoIf you send BTC from Coinbase to an outside wallet they monitor it for activity they don't like (eg suspected dark market purchases). Once you transfer outside of Coinbase it's none of their business what you do with it.
- throwaway857384 7y agoCoinbase is big, but not the best exchange.