1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[GoldenGlove]

Translation - we can close your account for any reason we see fit and we don’t even need to tell you why we did it.


That’s exactly what crypto.com did to me

Feels like anyone who transfers large amounts of crypto back into CB when they want to cashout might run into this issue.

Think about it. Let's say you buy $500 to $1000 of crypto on CB that you intend to use in DeFi. You make your swaps, do some staking, provide liquidity etc... Then you need FIAT, you bring your profits back to CB, but now it's 5 or even 6 figures worth.

And all CB knows is that you started with 500 to 1K...



The banks that you have linked with CB are like...wtf cause they don't even have to technically have any of your deposits physically in their vaults.

You see where this is going? Then from there, we gonna start seeing stories pop-up left and right about people who came up big with coins/tokens that aren't on CB that get their CB accounts closed if they made too much money.

 

[ORDER_66]

Feels like anyone who transfers large amounts of crypto back into CB when they want to cashout might run into this issue.

Think about it. Let's say you buy $500 to $1000 of crypto on CB that you intend to use in DeFi. You make your swaps, do some staking, provide liquidity etc... Then you need FIAT, you bring your profits back to CB, but now it's 5 or even 6 figures worth.

And all CB knows is that you started with 500 to 1K...



The banks that you have linked with CB are like...wtf cause they don't even have to technically have any of your deposits physically in their vaults.

You see where this is going? Then from there, we gonna start seeing stories pop-up left and right about people who came up big with coins/tokens that aren't on CB that get their CB accounts closed if they made too much money.

they just cant let us live...

EDIT: when the time comes im using someone else I see the fukkery happening when i try to cash out. they'll try to freeze my account on some bullshyt

 

[old pig]

Man the game is rigged fukk any other crypto sites that will let folks cash out that's NOT BINANCE??? why are they hassling the small fries man... just tax it and let us prosper fukk!!!

gemini, kraken, bitpay etc. but ultimately they’re ALL on that bullshyt lol

 

[Standing on business]

Could you transfer your funds

Yea, they gave me a timeframe to remove everything I had on there.

Man the game is rigged fukk any other crypto sites that will let folks cash out that's NOT BINANCE??? why are they hassling the small fries man... just tax it and let us prosper fukk!!!

He has me blocked but someone tell him Gemini is a good exchange where he can cash out. They are also the feds.

 

[old pig]

Don't get excited, could very well be a pump fake. Major resistance gets a pimp smack down to the 30s again....

I'm not falling for it, this is a pump fake

ya I’m keeping my eye out on the possibility that many folks will take this opportunity to cash out bcuz they couldn’t last time when the market plummeted so quickly

 

[ORDER_66]

gemini, kraken, bitpay etc. but ultimately they’re ALL on that bullshyt lol

Man these b*stards so fearful, we can't seem to win why cant they just tax it and let us live they so fearful of others getting wealth they destroying us to maintain that power its fukking ridiculous. its your legal money no one should be freezing your account or calling it suspicious or drug money. the irs gets their cut so what's the problem?!?

I imagine if I hit multi millionaire status and its not the bank, its the CRYPTO exchanges calling my gains shady... I cannot allow this to happen

 

[old pig]

Man these b*stards so fearful, we can't seem to win why cant they just tax it and let us live they so fearful of others getting wealth they destroying us to maintain that power its fukking ridiculous. its your legal money no one should be freezing your account or calling it suspicious or drug money. the irs gets their cut so what's the problem?!?

you’re panicking a bit…yes there are horror stories (a lot too) but they still don’t outweigh the norm…just have multiple exchanges (I’m verified on all the major US exchanges) so as not to put all your eggs in one basket whenever you need to cash out

 

[ORDER_66]

you’re panicking a bit…yes there are horror stories (a lot too) but they still don’t outweighs the norm…just have multiple exchanges (I’m verified on all the major US exchanges) so as not to put all your eggs in one basket whenever you need to cash out

Which ones cause I had binance but they kicked me off all i have left is coinbase...

 

[old pig]

Which ones cause I had binance but they kicked me off all i have left is coinbase...

coinbase, gemini, kraken, binance.us and bittrex…bittrex is an absolute last resort tho and I don’t trust binance.us …even tho I’m verified with both I don’t have my financial information on either exchange…I have an account with crypto.com as well but I haven’t used them to cash out as yet…I’ve had no issues with coinbase, gemini or kraken but I am definitely aware that they’re not perfect and have fukked folks over…coinbase in particular

 

[Standing on business]

I don’t think CB will be on some bullshyt, they’re a public company now so they have to keep the customers happy. They just have to make sure that big unc gets all his money.

 

[FaTaL]

coinbase, gemini, kraken, binance.us and bittrex…bittrex is an absolute last resort tho and I don’t trust binance.us …even tho I’m verified with both I don’t have my financial information on either exchange…I have an account with crypto.com as well but I haven’t used them to cash out as yet…I’ve had no issues with coinbase, gemini or kraken but I am definitely aware that they’re not perfect and have fukked folks over…coinbase in particular

can you explain why? what happened?

 

[Capitol]

Coinbase got me in the game but I'm getting my shyt off of there

 

[FaTaL]

Coinbase got me in the game but I'm getting my shyt off of there

are you on cb pro? im thinking about switching

 

[old pig]

can you explain why? what happened?

nothing concrete…just lack of familiarity as the US exchange is relatively new and not as popular as the other US exchanges…and I still feel a way about regular binance booting US customers even tho they had no choice

 

[Cynic]

How many of y’all skipping paying taxes on this shyt this year?

Okay Officer.