Post
Topic
Board Trading Discussion
Re: Should I use a 'middleman' or a currency exchange?
by
Muhammed Zakir
on 23/06/2017, 18:12:19 UTC
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I know there is a difference in meaning between 'Bitcoin' and 'bitcoin,' and I wasn't sure which would be appropriate in the above sentences.
From where did you get this piece of info ?  Cheesy
bitcoin, Bitcoin, btc, BTC are all the same thing. Smiley

There is no "official" term for Bitcoin. Personally, I lean towards below suggestion*:-

Quote
- Use Bitcoin (with a capital "B") when talking about the concept/technology.
- Use bitcoins (no capitalization) or BTC when talking about the unit of currency (4 dollars - 4 bitcoins).
- Never use BitCoin or BitCoins

* https://bitcoin.meta.stackexchange.com/a/22

Coinbase NOT for gambling, will got banned. i got banned once.
but if u buy bitcoin from them only then is ok.
Bitstamp i havent use it.

use currency exchange better, and use local exchange for u to buy bitcoin more convenient.

Banned for what ? How can you gwmbke there ? Even if you could why would you be banned ? The only bans I know on an exchange is chat ban. I have never ever heard of account banning. Why don't you expand and tell us what you did and how it happened ? If what you say is true I think it would benefit others to share this info.

It is not a new thing. Many Coinbase users had their accounts banned for sending/receiving bitcoins to/from gambling, drug, illegal sites/equipments et cetera.

https://www.coinbase.com/legal/prohibited

https://cointelegraph.com/news/coinbase-is-tracking-how-users-spend-their-bitcoins

http://truthvoice.com/2015/05/coinbase-accused-of-tracking-bitcoin-users-notifying-cops-of-transactions/ (I haven't verified some of the details in this article)

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Coinbase is required to comply with many financial services and consumer protection laws, including:
 • The Bank Secrecy Act, which requires Coinbase to verify customer identities, maintain records of currency transactions for up to 5 years, and report certain transactions.
  -snip-

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6.4. Prohibited Use. In connection with your use of the Coinbase Services, and your interactions with other users, and third parties you agree and represent you will not engage in any Prohibited Business or Prohibited Use defined herein. We reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, sanctions programs, legal process or governmental request. We reserve the right to cancel and/or suspend your Coinbase Account and/or block transactions or freeze funds immediately and without notice if we determine, in our sole discretion, that your Account is associated with a Prohibited Use and/or a Prohibited Business.
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