With Coinbase clamping down on users, I’d be interested to know how people cash out.
Feel free to omit any details you don’t feel comfortable sharing - and if you don’t know what to share, better to share less.
I’d be interested to know:
- What service(s) are do you use to convert crypto into fiat?
- What’s the greatest amount you’ve cashed out at once, or in a short time period?
- What Country are you in?
- Have you ever had funds taken from you due to regulations?
NOTE: In the interest of protecting newbies, DO NOT INCLUDE LINKS. Newbies: DO NOT TRUST ANY LINKS.
The only people who are having problems with Coinbase are people who can’t pass simple KYC. Why can’t you KYC OP?
Frankly it could also be tax related. For some reason my government feels entitled to a portion of my crypto profits not the losses though.
We live in a society
Ever heard of a thing called privacy?
You should see what you allow when you connect an account to an exchange. All transactions and shit like that.
This is how the entire regulated financial system works. Grow up.
If that was your concern you wouldn’t be going on a public exchange then
So, my 3-week lock on a 4-year account that is used regularly was because I can’t KYC?
I deposited $500 directly from the bank and was prevented from doing anything with it for 3 weeks, without explanation.
I was not requested to provide any additional information I was simply told to wait.
I’ve been fully KYC’ed on Coinbase for many years. Not interested in having funds arbitrarily locked for months at a time because they believe they are protecting me from scams.