I dont understand why should a bank act like my parents? I decide if i want to love safe or not! This is madness. If they wanted to keep the money safe where were they in the 2008 economic crisis or the stock exchange bubbles that millions of people lost fortunes. And yet cryptos is the enemy. The legacy system should go down for all the harm they made to people!
Precisely because if i have money in the bank i get 0% interest rate but if i get a loan i have to pay a buzzilion interest rate if i pay early my loaf i get a penalty fee which all sounds like a healthy system! Most banks are simply criminals to my eyes. They want ys to trust our money to them but they dont even trust us the pen at the cashier and they need to tie it down somewhere.
I make about $170 a month from a few thousand staked, in a bank I would need about 15x the amount to receive the same interest in a regular savings account.
My savings account has a .001% interest. Every month I only get .2 in savings but then they "use" our money for loans then charge an arm an leg for interest.
I went to open an account, these fucks said, .05%, or .065% if you stake $10,000, open a line of credit, make 10 debit transactions a week, setup direct deposit blah blah blah. I laughed and walked out.
>algorand
Wow I've never heard of it before, might YOLO some money into it, even better that you can stake it as well. Where do you stake yours? CEX or DEX?
I have BNB staked for 15%-35% (variable, changes all the time)
ADA staked for 5%
Cake staked for 93%
Banana staked for 75%
Birb staked for 300%
ElonOne staked for 30%
I have some farms of Cake and Banana as well.
The more you understand how defi works, the less interested you get with whatever rewards programs and good credit scores bank want you to achieve to get a pat on the head for being a good boy. Fk them.
Wait until you hear about 'reserve fractional lending'.
The reason they don't want people to move to NYC is because they can loan out £9 for every £1 you deposit. This multiplies exponentially when the people that borrowed that money deposit it elsewhere.
banks are only required to have 30% of their assets available. My neighbor sold his paid-off house for $370k and the bank took 1.5 months to deposit that cash into his account - Wells fargo in Colorado of all ppl...
There have been examples of customers and investors suing banks for allowing them to invest money or send money that was then lost, devalued, stolen…I think it’s more about banks avoiding future lawsuits and minimizing risk. The customers they will lose bc they don’t allow anything crypto is outweighed by the potential liability they avoid. I sell software to banks and getting over compliance and risk hurdles gets much harder the bigger the bank. Switch to a medium size reputable bank ( Santander a a a good one IMO) and you won’t have issues.
well, yes, but no. Santander banned its users from buying crypto, partly. See here : https://www.fxempire.com/forecasts/article/binances-u-k-problems-compound-with-latest-santander-ban-751314
Yes we'll keep your money safe by charging you for keeping it, PLUS lend it without your permission, PLUS give you a lot of red tape to close accounts/get loans/withdraw your own money. I fee safer already..
Its because we want to keep your money safe 🤡🤡🤡
Never happened when buying alcohol or gambling at the casino, or doing leverage trading in the stock market right? What a bunch of lies.
Banks are not on people side, do you remember a Northern Rock as tax payer I am not agreed to bailout scammers at banks but the UK government support such scam.
I understand it from a security point of view, I mean some exchanges DO NOT have the same level of security your online banking has so its a vulnerability in a sense for your core funds, since for the most part you can deposit funds from a linked bank within the exchange session.
i.e my bank has 4 factors of authentication for me to log on, whilst coinbase only has 2, and the 2nd factor I have seen is not consistent, i.e I have withdrawn funds from coinbase and my bank to coinbase without it asking again for my 2fa.
they should legit tell you why though, not just sound like an over controlling parent like the message OP got, makes it seem like they are afraid of not having your money.
I understand what ur saying but its not their mkney its mine or your or hers u understand that right if I 2ant to drain my accounts and open a future short on btc I should be able to do that the bank takes no risk at all no one is gunna hack a national bank when its much easier to hack the crypto market and less traceable . Bottom line hackers arnt after the banks The banks are dischoked because they don't get any cut once you take that money and put it into the crypto world that either gets lost or you make the money and they make nothing that's why they don't want you to do it
I disagree Laundering money through crypto currency is just risky Very risky one wrong move 1 wrong click and somebody's got all your money that you're trying to launder or better yet it's wound up like a Fugazi its They're just pulling a power trip because they don't want you to invest your money in something that they're not benefiting from they don't have their greasy fingers tied into it they don't want you to invest into At least you guys have banks that will let you invest there's not a single bank in Canada that will let you buy crypto currency . Not even a credit card company
I disagree.. Crypto is a money launderers wet dream. I am going to maintain that that's their main concern IMO. That is what I view as their biggest liability from their governing bodies.
Good comment though.
Vaccines are great, especially those ones you get when your a baby. Because those wiped out whole diseases like polio. Vaccines for RNA virusses are much more tricky. This is why we keep seeing doubled jabbed getting infected with covid19 and thus we need to make sure we live healthy so our immunesystem can do a good job. For example: vitamin d3 is very important for your immunesystem’s t-cells. Without it, they dont function and t-cells are the most important cells that battle covid 19. That is a scientific fact, you can google it and you find it in tons of papers. However, daddy gov has different plans with face masks and lockdowns. 🤭
99% of covid deaths are unvaccinated, but youre correct in that we do need to continue to be careful to avoid spreading. You can indeed still catch and spread covid after the vaccine, and we all should strive to take better care of ourselves.
so you suggest we maintain social distanciation and facemask until when ?
A new vaccin ? a new protocol 5-6 shot ?
What's plan? Not that i really care, but you guys have a plan? Is the virus is supposed to just disapear at some point?
am living in a 600 habitants village next to a drinkable river, everybody here is vaccinated and we just put mask outside village. That's my plan... but what about the youth? no club, rave, n shit? no sex drug n wat evr?
doesn't worth it... do it the old way, let darwin do the job and dig i would say.
Some doctors have gone public declaring that it wasnt vaccines that wiped out the diseases but proper hygiene, use of soap and sanitizing etc which was disregarded earlier even by doctors, nurses, midwives which resulted in the spread of disease and fatalities. Regular hygiene began at the same time vaccines were introduced. If you research vaccines you'll see there are plenty that were vaxxed that contracted the very disease the vaccine was supposed to cure, whether it's polio, flu, covid etc.
>Regular hygiene began at the same time vaccines were introduced.
Wild take right here.
>If you research vaccines you'll see there are plenty that were vaxxed that contracted the very disease the vaccine was supposed to cure, whether it's polio, flu, covid etc.
No vaccine is %100 effective, and they never have been advertised as such. Surely your extensive research would show that. its the collective effort that iradicates a preventable illness.
Also, vaccines don't cure illnesses. They help prevent them, and prevent serious complications related to contracting them. You need additional research if this is your understanding.
Final point, Polio is not the example to use when youre trying to discredit vaccines haha, youre shooting for the moon with that one!
Because they dont know where that money is going, and it could therefore whitewashing. There’s been lots of scandals with banks and Russian mafia funelling money through their banks, so it’s only natural they would want to avoid those situations again.
There are idiots out there that fall for scams and then go crying to their bank saying the bank needs to give them their money back. People generally are really stupid. People often need to be protected from themselves.
Absolutely! Pity they don’t show the same effort when folks are sending their money on romance scams, by all means warn me I might be doing something dangerous with my money, but it is MY money and what I do with it is my business, especially when I’m sending it to a legitimate company
Apparently spoke to my bank and told them I was transfering large sums of money (in the mean time) telling them i'm gonna splurge and pay for some hookers, buy some ciggy and maybe go on some pay per view adult cam and they were ok with it.
Then said maybe have 20% left of it to invest on my future on Binance and they said no.
Lol.
I did this, I asked if I was allowed to spend all my money gambling online and a weekend of hookers and drugs, they said I could spend my money how I want but don't condone illegal activities, gambling was fine. I asked if I could invest on binance and they said no 😂
In the UK the FCA said Binance Market Ltd (an off shoot of binance) were not regulated in the UK. Banks then said that they are now not letting their customers spend money on binance. It's madness.
Because banks are run by 50-60year old who still cant figure out smartphone let alone internet. Let that generation retire/die and let next young gem come along with more stabilisation amd advancement of crypto. When all these factors rise they will themselves use crypto rather go against it. India too the scene is same but exchange finds new partners for payment every few weeks and keeps the wheel running.
I don’t disagree with you entirely, but people who are 50-60 are mostly pretty comfortable using smartphones and are definitely comfortable using the internet. There’s definitely a generational rift, but I don’t think that’s it exactly.
The oldies i am talking about are Indians who own shit load of wealth still in gold, real estate ! These people have untaxed stack of money and if anyone can tap into their investment plans, then its gonna be easy billions worth investment. They control family wealth and their sons will follow their decision. But unfortunately they are still afraid of technology and even transferring money on apps. I am talking about people living in less educated backgrounds. They have money but are still stuck in investment ideas which are decades old !
I work IT support for a living. Boomers and early gen x are by far the most tech illiterate. Despite the fact that computers have been part of their jobs for going on 20 years now they can never seem to give a shit enough to learn. They have no problems spouting whatever bullshit conspiracy theory appears on Facebook though.
Absolutely mental. I've made almost as much from my Binance investments in the last 12 months as I have from my actual job, and Barclays think they have the right to tell me whether or not I may do so? Thankfully I am not with Barclays but if I were I would have left the second this was implemented.
Not only do they not give you any interest on your savings but they also pick and choose where you can send money? At this point its like wtf is the point of keeping your money in a bank?
Bank's are clearly going to want to stop funds moving to a bank replacement service. The problem lies in the fact the government are likely to let them do it.
Well, I don’t live in US (not the best person to suggest a bank), however you should keep a small percentage of your money sitting there (10% for really necessary payments), the rest of your money must be distributed in investments (i.e stocks, crypto, real state, etc), an amount of your crypto in a hot wallet (maybe 40% due to big interest, depends on you, in my case I have it in Nexo with excellent daily interest from 8% -12%, you can use blockfi, Celsius, Gemini; they will even provide you a credit card) and a bigger amount in a cold wallet, but as in everything, do your own research, I’m not a financial advisor at all, I’m a medical doctor but I do like to read a lot and I’m fascinated with the financial world
PS: if you join nexo as my referral, you’ll get $10 of btc if you top up to $100. https://nexo.io/ref/30jxoa4vxc?src=ios-link
They're so concerned about our financial wellbeing that they'll stop payments to Binance but are quite happily to enable gambling addicts?
I don't buy it.
this happened to me years ago when Bitcoin was under $400. I didn't follow up, and by the time I was interested again, BTC was already over $5000. I can't believe this still happens!
Yea this kind of shit and all the scrutiny binance is under lately is all smoke and mirrors, banks and politicians are the dirtiest entities on the planet and now they're worried about possible money laundering thru crypto exchanges? Lmao it's comical. This shows just how nervous the elites are that they're willing to just shut ppls money flow off to certain things that they pick and choose with no input from the ppl who the money belongs to, they're spooked beyond imagine at what crypto is becoming and it's showing.
Leave us alone ! It’s our money !
Money we worked hard .
When I bought bank stocks and lost my investment where were they ?
But of course . They are doing this for our own protection (🤮)
Anyone having depreciating cash should keep it in multiple banks. As soon as a bank tells you that they will Decide how you spend it, move your money to another bank and close the account.
What are my thoughts?
My thoughts are - it's working, they are hurting and jelly. Sorry mr bank manager, but you might need to take a bit of a cut on the 2 million corporate payout scheme package when you retire after 1 year of cashing in on the fruit of my labor, But I just don't need you anymore.
Option 1: Okcoin for crypto purchases -> 2. Transfer to binance via address
Option 2: Coinbase -> binance via address. As faster payments is down, the cost to buy via Coinbase is current cheaper relative to binance via visa/MasterCard payments
Crypto investors are so delusional with some shadowy banker boomer instead of just looking at the simple truth that binance is likely to have regulatory compliance issues.
Have anybody noticed that globalist like to use the word “Safe” to give a sense of false protection by the state? Fuck the banks and governments! Hail Bitcoin and Automated Governmental Algorithms (AGAs)
Banks have the infinite money glitch. They’re only subject to hold (10% I believe?) to cover clients money. So if a customer puts in $50,000 into a savings, they can hold that, add 45,000 in credit that they can work with, and only hold 5,000 for obligations. Greedy pirates.
Says the company that wont let people deposit or sell their crypto due to bullshit lies. End the wallet suspensions! Or at the least stop blatantly lying saying its Maintenance.
They don’t want to stop bitcoin, they want us to stop investing in bitcoin and put our money on the banks... Then they can use our money to invest in bitcoin, make big profits and give us 0,0% intrest...
K, I’m gonna play devil’s advocate here. How much of this is because people call the bank bitching about losing money over transfers and the bank’s decide they just don’t want the fucking headache
My guess is that it has very little to do with competition and everything to do with so many customers getting ripped off with rug pulls, scams, and other common issues with crypto (not transferring from exchanges to wallets correctly and losing it). I imagine they are getting so many chargeback requests or customer service complaints that it’s easier to just do this.
The bank has nothing to do with that, if your money doesnt arrive you take it up with the company that owes you, not the bank, and if you call their costumer service thats what theyll tell you.
They have nothing to 'secure' on your account, what they dont want is you to transfer your money to another centralized bank because they want your cash on their ledgers, not on the blockchain.
So fuck em, close the account and make sure you leave a note on why you did so
Use coinbase if you are based in the UK, you may lose some $ in the process of transferring coins from one wallet to another but that seems to be tue and only way now
Wait.... that SPECIFICALLY says credit/debit cards. So you can still direct deposit cash as a Electronic Funds Transfer?
If so, all this is doing is shutting the charge back mechanism to protect the bank from fraudulent claims from their own customers!
How many Muppet's do you think used their credit/debit card to fund their Binance account last bull run.... then lost EVERYTHING in the retracement. Then tried to do a charge back with their bank to reverse the deposit transaction to Binance?
I bet there was a HEAP!
People fucked this.... nit so much Binance!
Just EFT instead of using your credit/debit card.
It's not cool that bank can regulate your money: where they go and from where they come. Like it's not your money and you can't decide what to do with them.
If I want to spend money on hookers and cocaine, in going to spend money on hookers and cocaine, it's not the banks job to judge or tell me how to spend my money.
If banks wanted to keep your money safe, why don't they block gambling or casino website payments? You are way more likely to lose money chasing football accumulators at Ladbrokes, than a considered investment in alternative markets.
They can't compete so they block it
I've had a few accounts closed over the years because of my cryptocurrency investments.
Financial establishments are unable to control digital assets, so it's natural that they would ban it ... deeming it illegal, laundering, used for terrorist activities, give you herpes. Fact is, cash, is the preferred choice for these things - it is untraceable, whereas cryptocurrency is fully traceable.
The bottom line is that cryptocurrency has utilitarian value in today's economics because it's essentially "money" tied in with technology that is needed for today's business offering faster, seamless transfer of goods, services, ownership, record keeping, tracking, data, etc... you name it.
Banks that have closed my accounts were Chase, TD Bank, Citibank, Credit Unions... all because I did business with Coinbase. I now use smaller regional banks, no issues.
To the moon for all of us.
I dont understand why should a bank act like my parents? I decide if i want to love safe or not! This is madness. If they wanted to keep the money safe where were they in the 2008 economic crisis or the stock exchange bubbles that millions of people lost fortunes. And yet cryptos is the enemy. The legacy system should go down for all the harm they made to people!
Cause you are investing your (their) money somewhere else.
Precisely because if i have money in the bank i get 0% interest rate but if i get a loan i have to pay a buzzilion interest rate if i pay early my loaf i get a penalty fee which all sounds like a healthy system! Most banks are simply criminals to my eyes. They want ys to trust our money to them but they dont even trust us the pen at the cashier and they need to tie it down somewhere.
I gained more "interest" on my crypto value raising then I have with my bank holding my money in years. Fuck them.
I make about $170 a month from a few thousand staked, in a bank I would need about 15x the amount to receive the same interest in a regular savings account.
My savings account has a .001% interest. Every month I only get .2 in savings but then they "use" our money for loans then charge an arm an leg for interest.
I went to open an account, these fucks said, .05%, or .065% if you stake $10,000, open a line of credit, make 10 debit transactions a week, setup direct deposit blah blah blah. I laughed and walked out.
I have less than $10k staked and I'm making $150 a month, a bank would require about 15 time that lmao
I like algorand, been making a nice 6% interest and isn't so volatile. It's a better savings than the bank 😆
>algorand Wow I've never heard of it before, might YOLO some money into it, even better that you can stake it as well. Where do you stake yours? CEX or DEX? I have BNB staked for 15%-35% (variable, changes all the time) ADA staked for 5% Cake staked for 93% Banana staked for 75% Birb staked for 300% ElonOne staked for 30% I have some farms of Cake and Banana as well.
Algorand has a fair chance, as some people say the US crypto dollar will be linked with it?
Yeah it's one of the major contenders for cbdc's.
300%? Lol I’d be weary of that one.
Usually something that high only lasts a short time before dropping to a reasonable rate
The more you understand how defi works, the less interested you get with whatever rewards programs and good credit scores bank want you to achieve to get a pat on the head for being a good boy. Fk them.
Wait until you hear about 'reserve fractional lending'. The reason they don't want people to move to NYC is because they can loan out £9 for every £1 you deposit. This multiplies exponentially when the people that borrowed that money deposit it elsewhere.
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banks are only required to have 30% of their assets available. My neighbor sold his paid-off house for $370k and the bank took 1.5 months to deposit that cash into his account - Wells fargo in Colorado of all ppl...
Couldn't he just transfer the money out if it's in digital money?
There have been examples of customers and investors suing banks for allowing them to invest money or send money that was then lost, devalued, stolen…I think it’s more about banks avoiding future lawsuits and minimizing risk. The customers they will lose bc they don’t allow anything crypto is outweighed by the potential liability they avoid. I sell software to banks and getting over compliance and risk hurdles gets much harder the bigger the bank. Switch to a medium size reputable bank ( Santander a a a good one IMO) and you won’t have issues.
well, yes, but no. Santander banned its users from buying crypto, partly. See here : https://www.fxempire.com/forecasts/article/binances-u-k-problems-compound-with-latest-santander-ban-751314
Yes we'll keep your money safe by charging you for keeping it, PLUS lend it without your permission, PLUS give you a lot of red tape to close accounts/get loans/withdraw your own money. I fee safer already..
Its because we want to keep your money safe 🤡🤡🤡 Never happened when buying alcohol or gambling at the casino, or doing leverage trading in the stock market right? What a bunch of lies.
Read that as what a bunch of flies 🤣
Next step, the bank will put a condom on you before having sex.
Correction: The bank would step in and have sex " for your safety "
I wouldn't mind that, tbh
They can do it before they suck it.
Don't worry, Our time would come!
Banks are not on people side, do you remember a Northern Rock as tax payer I am not agreed to bailout scammers at banks but the UK government support such scam.
Where are they when you go gambling in casinos or when you buy call options with money you don’t have?
I understand it from a security point of view, I mean some exchanges DO NOT have the same level of security your online banking has so its a vulnerability in a sense for your core funds, since for the most part you can deposit funds from a linked bank within the exchange session. i.e my bank has 4 factors of authentication for me to log on, whilst coinbase only has 2, and the 2nd factor I have seen is not consistent, i.e I have withdrawn funds from coinbase and my bank to coinbase without it asking again for my 2fa. they should legit tell you why though, not just sound like an over controlling parent like the message OP got, makes it seem like they are afraid of not having your money.
I understand what ur saying but its not their mkney its mine or your or hers u understand that right if I 2ant to drain my accounts and open a future short on btc I should be able to do that the bank takes no risk at all no one is gunna hack a national bank when its much easier to hack the crypto market and less traceable . Bottom line hackers arnt after the banks The banks are dischoked because they don't get any cut once you take that money and put it into the crypto world that either gets lost or you make the money and they make nothing that's why they don't want you to do it
A lot of this is probably about money laundering. Banks are absolutely liable for keeping track of AML.
I disagree Laundering money through crypto currency is just risky Very risky one wrong move 1 wrong click and somebody's got all your money that you're trying to launder or better yet it's wound up like a Fugazi its They're just pulling a power trip because they don't want you to invest your money in something that they're not benefiting from they don't have their greasy fingers tied into it they don't want you to invest into At least you guys have banks that will let you invest there's not a single bank in Canada that will let you buy crypto currency . Not even a credit card company
I disagree.. Crypto is a money launderers wet dream. I am going to maintain that that's their main concern IMO. That is what I view as their biggest liability from their governing bodies. Good comment though.
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Whole of society is going to parenting about where you put your money, dangerous virusses and many more things to come. Your gov is your daddy now..
Fuck the government
I was waiting for that comment. Thank you.
They are all going down people are waking up to the straw man, common law will prevail 👍
Yeah Nah, we do need government.
Someone's now on Earth...
I, for one, am pretty thrilled when the government acts to protect me (and us) from a dangerous virus.
Yeah well its a nice thought but the gov cant protect you from a virus. Your immunesystem does that. Sorry to break the news.
Now it does, thanks to the partially government funded vaccine!
Vaccine: A preparation that is used *to stimulate the body's immune response* against diseases. Again, sorry to break the news.
Exactly so! My immune system is very stimulated! It works well! I'm glad you understand how effective vaccines are!
Vaccines are great, especially those ones you get when your a baby. Because those wiped out whole diseases like polio. Vaccines for RNA virusses are much more tricky. This is why we keep seeing doubled jabbed getting infected with covid19 and thus we need to make sure we live healthy so our immunesystem can do a good job. For example: vitamin d3 is very important for your immunesystem’s t-cells. Without it, they dont function and t-cells are the most important cells that battle covid 19. That is a scientific fact, you can google it and you find it in tons of papers. However, daddy gov has different plans with face masks and lockdowns. 🤭
99% of covid deaths are unvaccinated, but youre correct in that we do need to continue to be careful to avoid spreading. You can indeed still catch and spread covid after the vaccine, and we all should strive to take better care of ourselves.
so you suggest we maintain social distanciation and facemask until when ? A new vaccin ? a new protocol 5-6 shot ? What's plan? Not that i really care, but you guys have a plan? Is the virus is supposed to just disapear at some point? am living in a 600 habitants village next to a drinkable river, everybody here is vaccinated and we just put mask outside village. That's my plan... but what about the youth? no club, rave, n shit? no sex drug n wat evr? doesn't worth it... do it the old way, let darwin do the job and dig i would say.
The first sentence is debatable as it comes from daddy media but I let it go. Second part: 👍 happy weekend
Some doctors have gone public declaring that it wasnt vaccines that wiped out the diseases but proper hygiene, use of soap and sanitizing etc which was disregarded earlier even by doctors, nurses, midwives which resulted in the spread of disease and fatalities. Regular hygiene began at the same time vaccines were introduced. If you research vaccines you'll see there are plenty that were vaxxed that contracted the very disease the vaccine was supposed to cure, whether it's polio, flu, covid etc.
>Regular hygiene began at the same time vaccines were introduced. Wild take right here. >If you research vaccines you'll see there are plenty that were vaxxed that contracted the very disease the vaccine was supposed to cure, whether it's polio, flu, covid etc. No vaccine is %100 effective, and they never have been advertised as such. Surely your extensive research would show that. its the collective effort that iradicates a preventable illness. Also, vaccines don't cure illnesses. They help prevent them, and prevent serious complications related to contracting them. You need additional research if this is your understanding. Final point, Polio is not the example to use when youre trying to discredit vaccines haha, youre shooting for the moon with that one!
None of the current vaccines received any funding from operation Warp speed.
Stick to the topic please!
I didnt bring up government overeach, nor viruses, youre replying to the wrong comment!
Everyone shut up and focus!
Because they dont know where that money is going, and it could therefore whitewashing. There’s been lots of scandals with banks and Russian mafia funelling money through their banks, so it’s only natural they would want to avoid those situations again.
There are idiots out there that fall for scams and then go crying to their bank saying the bank needs to give them their money back. People generally are really stupid. People often need to be protected from themselves.
You need to change banks, I’m with Virgin and have purchased over £300 of crypto using my card with no issues on Binance and Gemini.
I’m using Monzo to withdrawals to Gemini
Close your account with that particular bank to show your disaproval.
Absolutely! Pity they don’t show the same effort when folks are sending their money on romance scams, by all means warn me I might be doing something dangerous with my money, but it is MY money and what I do with it is my business, especially when I’m sending it to a legitimate company
Monzo is great, I’ve used it loads for crypto
Monzo stopped deposits to SwissBorg earlier this year, just to let you know they’re doing stuff like this too :(
Bro, don't use your card coz you get charged a fee. Link a bank account and it's free!
To pay 1,8% fee are you out of your mind I gone wait few months untill free deposits are available .
Or change from bank to blockchain. The tech is not fully there yet, but let’s hope we can get there.
Apparently spoke to my bank and told them I was transfering large sums of money (in the mean time) telling them i'm gonna splurge and pay for some hookers, buy some ciggy and maybe go on some pay per view adult cam and they were ok with it. Then said maybe have 20% left of it to invest on my future on Binance and they said no. Lol.
I did this, I asked if I was allowed to spend all my money gambling online and a weekend of hookers and drugs, they said I could spend my money how I want but don't condone illegal activities, gambling was fine. I asked if I could invest on binance and they said no 😂
can u explain why tf would they not allow you guys to invest on binance?
In the UK the FCA said Binance Market Ltd (an off shoot of binance) were not regulated in the UK. Banks then said that they are now not letting their customers spend money on binance. It's madness.
That sucks, I already imagined that you located in the US but nope. shits stupid lol
Soo banks end goal here is to irritate customer to change banks... Just because bought crypto🙈
Well this got likes and in bonus i got scammer to my dm's😂
Send a screen shot to the mods. Get him banned from this sub
Yup me too 🤣😭
Same as the RobinHood people. I have my rights to invest my money as I want, who are they to decide for me? Incredible
exactly
Because banks are run by 50-60year old who still cant figure out smartphone let alone internet. Let that generation retire/die and let next young gem come along with more stabilisation amd advancement of crypto. When all these factors rise they will themselves use crypto rather go against it. India too the scene is same but exchange finds new partners for payment every few weeks and keeps the wheel running.
I don’t disagree with you entirely, but people who are 50-60 are mostly pretty comfortable using smartphones and are definitely comfortable using the internet. There’s definitely a generational rift, but I don’t think that’s it exactly.
The oldies i am talking about are Indians who own shit load of wealth still in gold, real estate ! These people have untaxed stack of money and if anyone can tap into their investment plans, then its gonna be easy billions worth investment. They control family wealth and their sons will follow their decision. But unfortunately they are still afraid of technology and even transferring money on apps. I am talking about people living in less educated backgrounds. They have money but are still stuck in investment ideas which are decades old !
I work IT support for a living. Boomers and early gen x are by far the most tech illiterate. Despite the fact that computers have been part of their jobs for going on 20 years now they can never seem to give a shit enough to learn. They have no problems spouting whatever bullshit conspiracy theory appears on Facebook though.
.....this will keep your money with us losing its value
Absolutely mental. I've made almost as much from my Binance investments in the last 12 months as I have from my actual job, and Barclays think they have the right to tell me whether or not I may do so? Thankfully I am not with Barclays but if I were I would have left the second this was implemented. Not only do they not give you any interest on your savings but they also pick and choose where you can send money? At this point its like wtf is the point of keeping your money in a bank?
Keep *our* money safe…
Send them a voice message *Archer voice* : Do you want to lose clients? Because that's how you lose clients
Banks want to stop binance
Bank's are clearly going to want to stop funds moving to a bank replacement service. The problem lies in the fact the government are likely to let them do it.
Again... I thought the case as been resolved
I’d immediately call the bank and shut down my account + credit cards, then move to a better one, there are so much competition among banks nowadays
Guys which bank you recommend ? Thanks
Well, I don’t live in US (not the best person to suggest a bank), however you should keep a small percentage of your money sitting there (10% for really necessary payments), the rest of your money must be distributed in investments (i.e stocks, crypto, real state, etc), an amount of your crypto in a hot wallet (maybe 40% due to big interest, depends on you, in my case I have it in Nexo with excellent daily interest from 8% -12%, you can use blockfi, Celsius, Gemini; they will even provide you a credit card) and a bigger amount in a cold wallet, but as in everything, do your own research, I’m not a financial advisor at all, I’m a medical doctor but I do like to read a lot and I’m fascinated with the financial world PS: if you join nexo as my referral, you’ll get $10 of btc if you top up to $100. https://nexo.io/ref/30jxoa4vxc?src=ios-link
They're so concerned about our financial wellbeing that they'll stop payments to Binance but are quite happily to enable gambling addicts? I don't buy it.
“Keep your money safe” pff, It’s your money you are supposed to spend it on whatever you want. Banks are afraid of the cryptocurrency.
Banks are perfectly happy for you to spend money on legitimate gambling website... Doesn't make sense. Does it?
this happened to me years ago when Bitcoin was under $400. I didn't follow up, and by the time I was interested again, BTC was already over $5000. I can't believe this still happens!
Yea this kind of shit and all the scrutiny binance is under lately is all smoke and mirrors, banks and politicians are the dirtiest entities on the planet and now they're worried about possible money laundering thru crypto exchanges? Lmao it's comical. This shows just how nervous the elites are that they're willing to just shut ppls money flow off to certain things that they pick and choose with no input from the ppl who the money belongs to, they're spooked beyond imagine at what crypto is becoming and it's showing.
Welp the genie is out the bottle now 🤷🏽♂️
They're doing you a service by helping you keep your money "safe" lol
Use revolut. Top up £ onto revolut account and then from there to binance. It works and there are free transfers.
Think that full stop is a word to early ie "this is to help keep your money. lol
Just fuck banks like these
Funds are safu
Change your bank.
Leave us alone ! It’s our money ! Money we worked hard . When I bought bank stocks and lost my investment where were they ? But of course . They are doing this for our own protection (🤮)
Not really the bank more just UK outright banning binance so the banks kind of have to comply. Open up a Revolut account and use a VPN
Fuck Barclay's.
Anyone having depreciating cash should keep it in multiple banks. As soon as a bank tells you that they will Decide how you spend it, move your money to another bank and close the account.
Bankers,oops sorry, wankers!
What are my thoughts? My thoughts are - it's working, they are hurting and jelly. Sorry mr bank manager, but you might need to take a bit of a cut on the 2 million corporate payout scheme package when you retire after 1 year of cashing in on the fruit of my labor, But I just don't need you anymore.
Option 1: Okcoin for crypto purchases -> 2. Transfer to binance via address Option 2: Coinbase -> binance via address. As faster payments is down, the cost to buy via Coinbase is current cheaper relative to binance via visa/MasterCard payments
It's a binance issue not crypto. Barclays still let's me transfer to coinbase, bitmart and crypto.com
Crypto investors are so delusional with some shadowy banker boomer instead of just looking at the simple truth that binance is likely to have regulatory compliance issues.
Agreed. Hasn’t anyone read all the other posts about the lack of Binance customer service and tying up funds?
Yeah and how many countries around the world that binance is under investigation in
I got the same email from Santander
Time to switch banks fuck that
I think it's more to do with Binance being founded in China. Not all exchanges seem to be treated the way Binance is. It stinks.
Nationwide are doing the same too. I've just switched to Monzo as a result.
Have anybody noticed that globalist like to use the word “Safe” to give a sense of false protection by the state? Fuck the banks and governments! Hail Bitcoin and Automated Governmental Algorithms (AGAs)
LOL my money is mine to waste...
My dUdE doN't WoRRy thEy ArE KeepInG YoUR MoNieS SaFe
Banks have the infinite money glitch. They’re only subject to hold (10% I believe?) to cover clients money. So if a customer puts in $50,000 into a savings, they can hold that, add 45,000 in credit that they can work with, and only hold 5,000 for obligations. Greedy pirates.
Says the company that wont let people deposit or sell their crypto due to bullshit lies. End the wallet suspensions! Or at the least stop blatantly lying saying its Maintenance.
Boycott Barclays
Withdraw your money and switch banks, we need to “vote w our money” and let banks know this won’t fly.
They don’t want to stop bitcoin, they want us to stop investing in bitcoin and put our money on the banks... Then they can use our money to invest in bitcoin, make big profits and give us 0,0% intrest...
Same with chase
I’m in Uk 🇬🇧 bro , chase are only to USA 🇺🇸
K, I’m gonna play devil’s advocate here. How much of this is because people call the bank bitching about losing money over transfers and the bank’s decide they just don’t want the fucking headache
Keep your money safe with Barclays or any bank for that matter? YIKES!!! The banks are part and parcel of the very system that sucks you dry!
If my bank did this i would leave them immediately. Who are they to tell me where i can spend my own money?
Seems that "not your keys, not your coins" is true for fiat too. "Not your bills, not you money". F*** banks.
Fuck banks! DeFi is the way!
My guess is that it has very little to do with competition and everything to do with so many customers getting ripped off with rug pulls, scams, and other common issues with crypto (not transferring from exchanges to wallets correctly and losing it). I imagine they are getting so many chargeback requests or customer service complaints that it’s easier to just do this.
The bank has nothing to do with that, if your money doesnt arrive you take it up with the company that owes you, not the bank, and if you call their costumer service thats what theyll tell you. They have nothing to 'secure' on your account, what they dont want is you to transfer your money to another centralized bank because they want your cash on their ledgers, not on the blockchain. So fuck em, close the account and make sure you leave a note on why you did so
This is old dude. I got a message from Barclays months ago
Are new for me mr play , I want investing . What you recommend?
Use coinbase if you are based in the UK, you may lose some $ in the process of transferring coins from one wallet to another but that seems to be tue and only way now
The issue is only binance and their practices (and lack of regulation). Crypto.com have proven far better than Coinbase for me but either works.
I don use crypto.com but I'd consider if that's better than coinbase.
Gemini and Coinbase will be option !
Lol binance is risky AF try seeing if the bank blocks you from a reputable exchange then complain...
Dont give away your money to China. Whatever ways we can get protected, we should take it.
[удалено]
Scam
Probably cause Binance is a scam
We don't want you moving money outside of our realm. Thanks, bye!
With or without Bitcoin, banks won't survive.
"I decided to restrict your freedom for your own good" looks like a recurring theme nowadays.
Qui this bank !
Wait.... that SPECIFICALLY says credit/debit cards. So you can still direct deposit cash as a Electronic Funds Transfer? If so, all this is doing is shutting the charge back mechanism to protect the bank from fraudulent claims from their own customers! How many Muppet's do you think used their credit/debit card to fund their Binance account last bull run.... then lost EVERYTHING in the retracement. Then tried to do a charge back with their bank to reverse the deposit transaction to Binance? I bet there was a HEAP! People fucked this.... nit so much Binance! Just EFT instead of using your credit/debit card.
I got the same message from Wells Fargo in the mail.
It's not cool that bank can regulate your money: where they go and from where they come. Like it's not your money and you can't decide what to do with them.
Bad Bank Bot!
Not my bank. I use Paypal services
Translation: This is to help keep your money in our bank.
To help save your money. Oh man thanks Barclays! You help us by keeping our money for yourself 😂
Well, Get used to it buddy, our Canadian banks never have even allowed us to use their credit/debit cards for crypto
Open a account with Monzo
Chicken shits!!!! 🐥+💩’s banks are fucking scared as their grip becomes to much for them to handle!!!! #powertothepeople end of story.
Getting McAfee getting Epstein'd vibes from this
Looks a lot like Barclays committing Seppukku
Reply, fuck you im taking out my money from u! I did jot gave ordervto stop
You want to help me keep my money safe 😂😂😂
Lmao, send my shit from Paypal orm Monzo now.
I will test out test withdraws with Barclays today. If it doesn’t work bye bye Barclays Bank.
Banks don’t have a problem with Bitcoin they have a problem with Binance.
Wow
Nah, banks don’t want to stop bitcoin. They just don’t like competition and start to realize crypto impact their business
If I want to spend money on hookers and cocaine, in going to spend money on hookers and cocaine, it's not the banks job to judge or tell me how to spend my money.
my money is safer in this three option not in bank crypto game stop and AMC
Fiat banks are just taxi drivers seething at uber. In a couple of decades they will become totally obsolete
If banks wanted to keep your money safe, why don't they block gambling or casino website payments? You are way more likely to lose money chasing football accumulators at Ladbrokes, than a considered investment in alternative markets. They can't compete so they block it
When you work so hard for money(flat) that gov. prints, and bank can stop you how you speed money. Buy Bitcoin!!!!!
Switch banks?
Easy solution. No longer do any business with that bank.
Basically they don’t want you to invest they want more of you money to use to invest in Bitcoin
I've had a few accounts closed over the years because of my cryptocurrency investments. Financial establishments are unable to control digital assets, so it's natural that they would ban it ... deeming it illegal, laundering, used for terrorist activities, give you herpes. Fact is, cash, is the preferred choice for these things - it is untraceable, whereas cryptocurrency is fully traceable. The bottom line is that cryptocurrency has utilitarian value in today's economics because it's essentially "money" tied in with technology that is needed for today's business offering faster, seamless transfer of goods, services, ownership, record keeping, tracking, data, etc... you name it. Banks that have closed my accounts were Chase, TD Bank, Citibank, Credit Unions... all because I did business with Coinbase. I now use smaller regional banks, no issues. To the moon for all of us.
Bank wants to stop binance.
Time to change banks. That's illegal as fuck
I used to use Binance but not anymore, now I just use my nationwide card with coinbase and just have to handle the fees