Cryptocurrency Bullshit

in buying •  8 years ago 

As someone who has held multiple bank accounts with many different banks, I have learned that there isn't any institution out there that truly cares about its customers. A person should not be judged by financial institutions, especially when he/she has money in any given account. I've recently closed my accounts and am relying solely on PayPal. I recently tried to buy BTC with a PayPal account (which has hundreds of dollars in it) and I can't do anything because I don't have a debit/credit card. This is absolute bullshit. Here's why:

  1. PayPal is one of the most secure financial transaction services out there. Identification verification is absolutely critical, but I've had no problems verifying my identity. They know the money is in there, and I am who I say I am.

  2. If there is money in the account, you should be able to freely spend it without linking your account to a bank. It's already been confirmed. The money is there.

  3. Dumping money into a cryptocurrency should be hassle-free. You know the risks when you get into the market, and there's no reason for banks to get involved. This is an unregulated market, and money is money. It's a high-risk investment, we can all agree. But for PayPal to demand that I have a bank account its ridiculous. There's money in my account. Why is that not good enough? Would a stranger dump money into my account? NO. It's my money. Identity verified. Let me buy some crypto.

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I agree, central banking needs to be scooted. They have their hands on all of your money no matter what.

Banks and paypal are all retarded. First time I tried to buy btc with IDEAL with my Dutch ING account, they froze all payment and transfer functions, requiring a 10 minute call. It even used SMS 2FA...

Oh yeah, I've had thousands frozen by Paypal on more than one occasion. They don't give you a reason either. I think sometimes they actually are just holding peoples money because they are making money off it. Fuck Paypal!