Topic: my Community bank fraud department called regarding coinbase - page 2. (Read 1468 times)
I pay a little more but I find that using cash deposits on the accounts of localbitcoins members is better for me. I have tons of banks around here and I change where I go to make cash deposits all the time. They don't get my name, but they could be scanning my face or similar. BTC is not illegal at all. I have not sold any BTC for cash yet. I am in the build my investments mode. I spend a little but save about 90% of what I am buying. I have good LBC feedback so I get fast and easy trades. I have coins that I bought years ago for way less than they sell for now. I don't need the cash and I expect the coins to be a good deal for me in the long run. Even at the current prices I still keep investing hoping to build a future. I'll never be a BTC "whale".
In my own opinion, I think you should be thinking of spreading your transactions to other bigger banks that have more pressing isssues than someone not even up to a thousand dollars so as have avoid unnecessary explanation whatsoever...
My bank did the same about my Circle transactions, asked me if all those transactions were for myself only. Not sure what they're thinking, but that was months ago and I still buy bitcoin using Circle and haven't had any more questions or issues. We're still on the crypto frontier.
F U its my money, I can buy whatever I want with it.
actually ?
no.
Your money is not in the bank.
It's bank that she loan credit to you.
She can cut credit and freeze your money without justice order.
If Bank fail.
Loan fail.
Money is evaporate.
---
And Bitcoin solve this.
The OP makes no mention of needing a loan,so I think that aspect and credit are irrelevant to the discussion.
Well back a lot of people where having their bank accounts closed due to online poker connections and bitcoin is treated in the same aspect. I read a article here in Canada that the top 2 banks are closing bank accounts of those connected to marijuana business(legit ones),even as why are heading to making it legal across the board.
I recall folks in Denver had similar issues with the banks and this always breaks down into two issues.
One banks are worried about complying with government and cut off any grey areas in hopes that it protects them from unwarranted audits or issues. The latter in context to bitcoin is that the banks see it as competition and realize the way they do business is stagnant and out of date.
The reality is that banks can close a account for any reason they seem fit. This is really why I never trust banks to have any of our financial issues at heart. Reason I support bitcoin to crush this oppressive system where we are nothing but a credit number.
A warm welcome to the world of financial surveillance! The banks surveillance algorithm has identified your transaction habits as suspicious. You are not conforming to normal activity. Maybe you are a money launderer or terrorist? Your banker asked, because he/she trusts the algorithm more than you. So better stop your highly suspicious activity or they will stop it for you, starting a full-fledged investigation.
It's not advisable to try to explain Bitcoin to them, because things they don't understand are suspect as well. They may even research the topic and find some mainstream media articles connecting Bitcoin to money laundering and financing of terrorism. And in the unlikely case they understand Bitcoin, they will certainly not approve it.
That's how life has become in the centrally controlled fiat world... If you ask me, better buy your Bitcoin with physical cash in a person-2-person trade.
ya.ya.yo!
It's not advisable to try to explain Bitcoin to them, because things they don't understand are suspect as well. They may even research the topic and find some mainstream media articles connecting Bitcoin to money laundering and financing of terrorism. And in the unlikely case they understand Bitcoin, they will certainly not approve it.
That's how life has become in the centrally controlled fiat world... If you ask me, better buy your Bitcoin with physical cash in a person-2-person trade.
ya.ya.yo!
In my country, bank shutdown account when you transfer more than 500 USD per month to an identified account from a bitcoin exchange.
it's the 3 main banks in the country.
so, i use a intermediary with professionnal account that it hides wire to exchange (and don't use any filtered method to shutdown activity like this).
intermediary have pro account with 350 000 customers (like me) in the 3 main banks and manage number (anonym) associate to customers.
the 3 main banks can not shutdown this for a wire to an bitcoin exchange.
it's the 3 main banks in the country.
so, i use a intermediary with professionnal account that it hides wire to exchange (and don't use any filtered method to shutdown activity like this).
intermediary have pro account with 350 000 customers (like me) in the 3 main banks and manage number (anonym) associate to customers.
the 3 main banks can not shutdown this for a wire to an bitcoin exchange.
F U its my money, I can buy whatever I want with it.
actually ?
no.
Your money is not in the bank.
It's bank that she loan credit to you.
She can cut credit and freeze your money without justice order.
If Bank fail.
Loan fail.
Money is evaporate.
---
And Bitcoin solve this.
I bank at a small community bank in the states and they have some real nice personal bankers that are helpful. Recently the fraud department called asking what I do and why I have so many transactions with coinbase. F U its my money, I can buy whatever I want with it. This is annoying because my small bank has no idea what bitcoin is and explaining it is not easy they are old school. My question is I am not doing anything wrong like gambling, why are they inquiring. I work in a professional company and was surprised when the personal banker asked. She also said they called a few mo ago too . I also have made small buys in a span of 9 mo nothing big like 1 btc per month. Has anyone else been in the same situation?
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