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Sounds a little rough, and the support times aren't the best, but admittedly Coinbase is designed for consumers, and for large-volume traders with their institu
by beaned 4y ago
Sounds a little rough, and the support times aren't the best, but admittedly Coinbase is designed for consumers, and for large-volume traders with their institutional products. This low-volume business case is pretty edge. They could do better but for most people in most cases, the product works very well.
They were recently fined $100 million [0] for compliance reasons (essentially not moving quickly enough on a few cases), and the amount of info they collected was already heavy before that. When you can't make a mistake or you get fined millions, the edge cases on any money transfer system, especially one involving crypto, will probably default to not letting you get through rather than letting you skirt through easily.
[0] https://www.nytimes.com/2023/01/04/business/coinbase-settlement-anti-money-laundering.html#:~:text=Coinbase%2C%20a%20publicly%20traded%20cryptocurrency,anti%2Dmoney%2Dlaundering%20laws https://www.nytimes.com/2023/01/04/business/coinbase-settlem....