Coinbase Freezes USD Purchases

https://twitter.com/broderick/status/1355190985307914242

by drtz • 5 years ago

19 9 5 years ago

drtz• 5 years ago

Maybe 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• 5 years ago

Why do people trust web apps like this in crypto?

ThePadawan• 5 years ago

How does one purchase crypto with fiat?

newsbinator2• 5 years ago

It'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.

doggosphere• 5 years ago

They accept a tradeoff between convenience vs security, simplicity vs complexity.

llampx• 5 years ago

Does that mean you can't change BTC to USD? I don't understand what freezing USD purchases means.

FDSGSG• 5 years ago

Stupid FUD, Coinbase had announced their technical issues prior to this tweet https://twitter.com/CoinbaseSupport/status/13551806713926041...

Service has been restored since then https://twitter.com/CoinbaseSupport/status/13552133597176422...

Coinbase Freezes USD Purchases

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