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Coinbase Freezes USD Purchases
- drtz 6y agoMaybe I'm just being pessimistic, but seeing this in the light of their upcoming IPO and yesterday's Robinhood debacle makes me feel like this is an attempt to be seen as "legitimate" in they eyes of Wall Street.
- chosen1111 6y agoWhy do people trust web apps like this in crypto?
- ThePadawan 6y agoHow does one purchase crypto with fiat?
- newsbinator 6y agoIt's simple. Just find somebody on LocalBitcoins, find a dark alley, put on your N95 mask, and bring $5,000 in cash with you to said alley. Hopefully they'll neither rob, nor rape, nor murder you, and won't follow you home to determine where you live. But if they do, you can rest assured that's simply KYC. It's the on-ramp the fat cats don't want you to know.
- Red_Leaves_Flyy 6y agoTake 10% of that 5k, get a gun, and hire a friend to handle the transaction while you're on security.
- newsbinator 6y agoThe benefit of being your own bank is you are also your own police force and your own insurance company.
- deleted 6y ago[deleted]
- bingbong70 6y agoArrange to meet in the lobby of a police station, city hall, or any secured public building.
- doggosphere 6y agoThey accept a tradeoff between convenience vs security, simplicity vs complexity.
- llampx 6y agoDoes that mean you can't change BTC to USD? I don't understand what freezing USD purchases means.
- FDSGSG 6y agoStupid FUD, Coinbase had announced their technical issues prior to this tweet https://twitter.com/CoinbaseSupport/status/1355180671392604164 https://twitter.com/CoinbaseSupport/status/13551806713926041... Service has been restored since then https://twitter.com/CoinbaseSupport/status/1355213359717642242 https://twitter.com/CoinbaseSupport/status/13552133597176422...