Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Ive never sold moderate to large amounts of coin before (fiat wise) so Im a bit nervous about that in the future.
I dont want to get caught with my pants down so I admit that last week I verified my UK bank & ID with Coinbase in preparation.
If there was a De-Merit action I presume youd all be giving it to me right now
I dont want to get caught with my pants down so I admit that last week I verified my UK bank & ID with Coinbase in preparation.
If there was a De-Merit action I presume youd all be giving it to me right now
I think you'd have to be a legitimate crazyhead to use Coinbase for sums above the holiday/car level.
Imagine how seized up and overloaded they'll be. Imagine how many get caught up in their obscure trigger mechanisms that even they don't understand.
The last thing you need is to wind up some forgotten ticket number. You should sound out proper OTC operations.
^This.
For GBP you can also use Coinfloor. Not quite the liquidity of Coinbase, but decent support and no problems cashing out. I've used both and localbitcoins over the years.
It's hard to comment on amounts, but Coinbase would have no qualms locking you up for gawdknowswhat, LBC sales would probably involve a series of bank payments that might be more likely to cause alarms at your end, whereas Coinfloor's payments clearly arrive from a finance operation.
If you haven't gone one already, get one of those "premier" type bank accounts where you can call a human and they're more used to dealing with larger sums.