I have read this seems to be more of an issue in Europe than in NA.
But I have used Coinbase for many years and never had issues depositing and withdrawing from my local bank.
However, this past week, same as I do a few times a month, I tried to deposit and this time for some reason the transaction was flagged as ‘fraudulent’. I reached out and was told they do not allow crypto purchases, even though i’ve been doing this for years.
When I told them that they said it must have slipped under their radar but this was always their stance as it is risky for customers. I said I will spend my money how I wish and they cannot tell me what I can and cannot use it on as long as it is not illegal. They tried to argue it is for my protection. Like lol, what.
I brought up the fact that irresponsible banks who are horrible at managing their own money and need to be bailed out are somehow in a position to tell me what to do with my own funds? They were silent. They did push the transaction through when I threatened to leave but we shall see if this occurs again.
I am curious if this happened to you what would you do? On one hand is sucks bc i’ve used this bank for a decade and never had issues until now. I will 100% switch if this occurs again and I receive pushback.
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