Coinbase doesn't want my UK money: anyone else want it?
I first received some Bitcoin from a fawcet in 2014. 0.02 to be precise. I still have that.
I didn't really think much about crypto till last year when I started talking to @apshamilton about what has become the @jpbliberty Class Action lawsuit against the Tech Goliaths. I joined Steem around then and I've been here ever since. At the end of 2018 I went through the tedious process of opening KYC'd crypto trading accounts in the UK and in Israel (both places where I personal have bank accounts. It wasn't easy, there were a few false starts, but eventually I got Coinbase up and running in the UK.
I had two failures to send money to Coinbase both around the fact that my UK bank account is a joint account with my wife and they kept refusing the funds. They also had no automated way to tell them the bank account name was a contraction of my real name and included my wife's initial too. Total mess. Eventually I did make two deposits, bought some Bitcoin, sent it to Israel, kept some and sold some. Mostly to prove to myself the system would work.
Last week I thought I'd try to send £300 to Coinbase and buy some Steem (probably via Bitcoin and then Blocktrades or Bittres which are the two places I've found easiest to trade). After over a week (and I've had an unanswered support call all that time) I now see that my £300 is at least safely back in my UK bank account (without fees thankfully). Clearly Coinbase don't want to trade and I won't be using them again.
This industry is a bit of a mess.
And here’s my plug for the #CryptoClassAction where we’re suing Google, Facebook and Twitter for the good of the Cryptocosm. You can read a good explanation here on my blog.
You can join up direct on this form from JPBLiberty.
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Try cex.io i use it, it is great
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I'm just tired of the entire KYC dance and even though I have a bank account in the UK, I'm not resident there and that causes all sorts of headaches.