Coinbase says F*ck you to Canadian customers

davis196

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Activity: 3178

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Quote from: vodaljepa on July 07, 2016, 05:13:06 PM

As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its payment processing business. When this occurs, Coinbase will no longer be able to support Canadian EFT transfers, Interac transfers, or the storage of customer CAD on Coinbase.

All customer CAD stored with Coinbase MUST be withdrawn off site or converted to digital currency by July 29th.

If you hold CAD in your Coinbase account, you must liquidate your CAD holdings before July 29th by either:

creating a withdrawal to your linked bank account or
exchanging stored CAD for digital currency.
If you are unable to withdraw or exchange your CAD before July 29th, Coinbase will suspend your account and significant fees will be incurred for CAD withdrawals.
We are disappointed to lose the ability to offer these payment methods for our Canadian customers and hope to provide additional payment methods in the future. We appreciate your support during this change.

I don`t understand.What`s the problem?

"all CAD must be withdrawn or converted to digital currency"

Just convert CAD,it this so difficult?

Coinbase is a cryptocurrency wallet,not fiat currency wallet,like paypal and skrill.

HatakeKakashi

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Activity: 1274

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Coinbase should take a step ahead and try to introduce BTC to the world. We BTC users are here today because of Blockchain, Coinbase and Xapo. They keep the market up and running. They should not run away from risks. The whole of BTC is a gamble anyways.

Decoded

legendary

Activity: 1232

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give me your cryptos

Coinbase will probably find their own payment provider for Canadians, out maybe move totally to another provider. I don't believe Coinbase will want to give up all their Canadian customers just for something like this.

pinkpanther03

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Quote from: vodaljepa on July 07, 2016, 05:13:06 PM

As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its payment processing business. When this occurs, Coinbase will no longer be able to support Canadian EFT transfers, Interac transfers, or the storage of customer CAD on Coinbase.

All customer CAD stored with Coinbase MUST be withdrawn off site or converted to digital currency by July 29th.

If you hold CAD in your Coinbase account, you must liquidate your CAD holdings before July 29th by either:

creating a withdrawal to your linked bank account or
exchanging stored CAD for digital currency.
If you are unable to withdraw or exchange your CAD before July 29th, Coinbase will suspend your account and significant fees will be incurred for CAD withdrawals.
We are disappointed to lose the ability to offer these payment methods for our Canadian customers and hope to provide additional payment methods in the future. We appreciate your support during this change.

your statement regarding your topic is showing that coinbase and canadian have quarrel, But I'm not sure about it. Or there only have a little misinterpretation about the customer which is the canadian.Aside from that so far coinbase up to now are continually doing a good things to their majority customers.

Bitcoinstalker.com

newbie

Activity: 28

Merit: 0

Quote from: TKeenan on July 08, 2016, 03:46:49 AM

Quote

Coinbase says F*ck you to Canadian customers

Dude - who cares? They're Canadian. Canada is about as important to things as Puerto Rico. Both wish they would become US states. If Coinbase ditches Canada, Coinbase will earn 5 dollars less next year. Big whoopee doo.

Real American here, can confirm. We use ~~North Mexico~~ Canada to store our skis and snow blowers for the summer, that's about it.

maxhor

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Activity: 686

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Coinbase banned Canada after Germany very recently but it comes what rules and regulation they have to provide the best service but I think this is not good for other countries too as they can any country like this so that it will be better to find more better exchange to trade.

TKeenan

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Activity: 874

Merit: 1000

Quote

Coinbase says F*ck you to Canadian customers

Dude - who cares? They're Canadian. Canada is about as important to things as Puerto Rico. Both wish they would become US states. If Coinbase ditches Canada, Coinbase will earn 5 dollars less next year. Big whoopee doo.

groll

sr. member

Activity: 336

Merit: 250

Is coinbase have a hatred or hidden anger to Canadians haha, its a funny one. Maybe there are other reasons why coinbase can no longer offer their services to Canada. I think its somehow political but Im not sure. THere could be no other reasons behind it, it could be also due to economic reasons. But hope somebody could give a clue as to why they dont involve Canada any further in their services.

patronis

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Activity: 420

Merit: 250

this isnt really coinbases fault, besides perhaps they will acquire a different processor? who knows, they haven't said anything themselves on the situation have they?

Laosai

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Activity: 462

Merit: 250

Quote from: European Central Bank on July 07, 2016, 05:48:44 PM

maybe you should rephrase that to vogogo says fuck you instead. i'm sure coinbase don't want to deny any customer if they can help it.

Yeah, I guess coinbase can't really help this ^^

Especially concerning cryptocurrencies, laws and regulations change all the time.

asriloni

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Xester on July 07, 2016, 07:52:59 PM

Quote from: vodaljepa on July 07, 2016, 05:13:06 PM

As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its payment processing business. When this occurs, Coinbase will no longer be able to support Canadian EFT transfers, Interac transfers, or the storage of customer CAD on Coinbase.

All customer CAD stored with Coinbase MUST be withdrawn off site or converted to digital currency by July 29th.

If you hold CAD in your Coinbase account, you must liquidate your CAD holdings before July 29th by either:

creating a withdrawal to your linked bank account or
exchanging stored CAD for digital currency.
If you are unable to withdraw or exchange your CAD before July 29th, Coinbase will suspend your account and significant fees will be incurred for CAD withdrawals.
We are disappointed to lose the ability to offer these payment methods for our Canadian customers and hope to provide additional payment methods in the future. We appreciate your support during this change.

Your title is very funny, but i cannot read it in your post. You title seem to say that Coinbase has a grudge against Canadians bitcoin users but if we are going to read your post coinbase is good mannered when they inform canadian customers that they can no longer provide payments. Well anyway this is the most hilarious and the same time informational post on bitcointalk.org.

OP not literally mentioning the point of the article but have the same meaning at the end,coinbase just say fuck off to their Canadian customers so there will be no longer services for Canadian customers and the Canadian will get away,that's it

Xester

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Activity: 994

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Quote from: vodaljepa on July 07, 2016, 05:13:06 PM

As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its payment processing business. When this occurs, Coinbase will no longer be able to support Canadian EFT transfers, Interac transfers, or the storage of customer CAD on Coinbase.

All customer CAD stored with Coinbase MUST be withdrawn off site or converted to digital currency by July 29th.

If you hold CAD in your Coinbase account, you must liquidate your CAD holdings before July 29th by either:

creating a withdrawal to your linked bank account or
exchanging stored CAD for digital currency.
If you are unable to withdraw or exchange your CAD before July 29th, Coinbase will suspend your account and significant fees will be incurred for CAD withdrawals.
We are disappointed to lose the ability to offer these payment methods for our Canadian customers and hope to provide additional payment methods in the future. We appreciate your support during this change.

Your title is very funny, but i cannot read it in your post. You title seem to say that Coinbase has a grudge against Canadians bitcoin users but if we are going to read your post coinbase is good mannered when they inform canadian customers that they can no longer provide payments. Well anyway this is the most hilarious and the same time informational post on bitcointalk.org.

raphma

sr. member

Activity: 350

Merit: 250

So, you already said it was a third part service and if coinbase announced it early i cant see why they are saying "F*uck you" to canadian customers... they even apologize for that.
just look for another place to convert btc->CAD.

hermanhs09

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Activity: 574

Merit: 500

Quote from: vodaljepa on July 07, 2016, 05:13:06 PM

As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its payment processing business. When this occurs, Coinbase will no longer be able to support Canadian EFT transfers, Interac transfers, or the storage of customer CAD on Coinbase.

All customer CAD stored with Coinbase MUST be withdrawn off site or converted to digital currency by July 29th.

If you hold CAD in your Coinbase account, you must liquidate your CAD holdings before July 29th by either:

creating a withdrawal to your linked bank account or
exchanging stored CAD for digital currency.
If you are unable to withdraw or exchange your CAD before July 29th, Coinbase will suspend your account and significant fees will be incurred for CAD withdrawals.
We are disappointed to lose the ability to offer these payment methods for our Canadian customers and hope to provide additional payment methods in the future. We appreciate your support during this change.

So many thread's built about coinbase,i actually dont get that phenomenon.
It just got banned in Germany and Luxembourg too,seems like coinbase is going to die fast.

BellaBitBit

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Activity: 756

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Quote from: European Central Bank on July 07, 2016, 05:48:44 PM

maybe you should rephrase that to vogogo says fuck you instead. i'm sure coinbase don't want to deny any customer if they can help it.

Agree, I don't think that CoinBase wants it to be this way. They are trying to remain within law.

European Central Bank

legendary

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maybe you should rephrase that to vogogo says fuck you instead. i'm sure coinbase don't want to deny any customer if they can help it.

vodaljepa

hero member

Activity: 658

Merit: 500

As of August 1, Coinbase’s Canadian payments provider, Vogogo, will be shutting down its payment processing business. When this occurs, Coinbase will no longer be able to support Canadian EFT transfers, Interac transfers, or the storage of customer CAD on Coinbase.

All customer CAD stored with Coinbase MUST be withdrawn off site or converted to digital currency by July 29th.

If you hold CAD in your Coinbase account, you must liquidate your CAD holdings before July 29th by either:

creating a withdrawal to your linked bank account or
exchanging stored CAD for digital currency.
If you are unable to withdraw or exchange your CAD before July 29th, Coinbase will suspend your account and significant fees will be incurred for CAD withdrawals.
We are disappointed to lose the ability to offer these payment methods for our Canadian customers and hope to provide additional payment methods in the future. We appreciate your support during this change.

Topic: Coinbase says F*ck you to Canadian customers (Read 1445 times)