What are the chances of a bank closing your account if you buy bitcoin? i have heard people say they closed down their bank account for buying bitcoin, but this might have been a few years ago. he only said they closed his account, there is no chance of them taking all the money in your account, correct?
I haven’t experienced that before, but I think if bank closes your account they are going to give you your money back, or isn’t that how it works? Anyways, for a bank to freeze or close your account it depends on the kind of activity that they notice on your account, there is an amount of money that come into your account all of a sudden and if it’s far too bigger than the regular amount that comes into your account, then they may suspect you. Then another thing is whether cryptocurrency is legal in your country, because if it is not, if you’re caught making use of it you will be having problem with the law and will even lose your assets.
So, these are things that you should put into consideration. Then be careful, it will be best for you to be making use of P2P exchanges, you wouldn’t have all these problems if you are using P2P and Dex exchange.