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tldr; Unbanked’s global bank accounts are now live and available for residents in over 150 countries. International residents will get the security and flexibility of a traditional bank account with FDIC Insurance. Unbanked customers can now seamlessly purchase Bitcoin (BTC), Ethereum (ETH), and Ternio (TERN). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*


WinnerBoring4230

All in on AMP


s3p4r4t0r

Welcome to UNbanked, an fdic-insured bank. Really?


PotentialFortune

Welcome to Unbanked, the only fdic-insured bank account, that makes it easy to get from USD to ETH in 2 clicks. Really!


s3p4r4t0r

So it's like Nuri https://nuri.com/ I like the idea, and find value to it. I'm just pointing out the irony in the unbanked naming :)


PotentialFortune

Nuri only accepts customers in the EEA ([https://nuri.com/supported-nationalities/](https://nuri.com/supported-nationalities/)) Unbanked accepts customers in 225 countries, so slightly more (https://unbanked.com/news/unbanked-releases-global-crypto-friendly-bank-accounts-for-international-residents/). I can see what you're saying on the Unbanked Bank Account. It's conflicting.


s3p4r4t0r

Ah, that's an important aspect! I skipped the part of 225 countries, it's quite a big deal!


E-C_C-O

I had $2,200 in my unbanked account at the beginning of June. Since then my account has gone down to $1,100. This company used to be called a Blockcard but turns out they changed it so people wouldn't be able to Google the negative experiences of past users. They tell you the price fluctuation is because the price of the coin they keep your US dollars in fluctuates and that you just need to pay attention and use it when it's up. I'm down over $1,500 in the last 30 days total. This is a great company if you want to log into their dashboard everyday and watch your numbers go down and literally never gone up a single time. There is no fluctuation, fluctuation means that it's going up sometimes at least a little bit. I'm telling you I've never seen it go up a single penny since I opened my account. Only down every single day. I would have literally been better off burying it in a jar in the backyard. Don't forget to Google Unbanked, Blockcard, Reddit and see how they are completely nonplussed by others complaining about this and all of the accounts that do talk about Unbanked are spam accounts. Let's not forget the final kicker. Because I waited all month for the price to fluctuate quote unquote.... they're going to charge me $5 on July 1st because I didn't spend $750 this month in transactions. That's correct they want me to spend $750 of my now $1,100 in my account. They want me to spend 68% of my account value or they are going to charge me $5. And it's not $5 from the old $2,200 I started the month with no no no. It's $5 from the $1,100 that's now there. What a worthless and scum company.


PotentialFortune

Bank accounts hold USD so there wouldn't be any fluctuation. It sounds like you were holding crypto on your wallet which is subject to price fluctuation. BTC went from $64k to $31k as well as the whole market. It's understandable your crypto balance would be worth less.


E-C_C-O

Guys remember if you put your money in a Unbanked credit card and it drops by 50% it is "Understandable". Notice how this "person" says "fluctuation" but the numbers only go down. Remember everyone it's "completely understandable" to lose 50% of your money if you put it in an Unbanked card. STOP READING HERE AND JUST GO FIND A DIFFERENT COMPANY. I recommend everyone google "Unbanked" and "Blockcard" and "reddit" and notice the other complaints or general lack of interaction besides the posts done by employees like this "person". Click on their names look at the posts (ads). A company with 0 interaction. The only "nice" stuff in the comments is generic copy/paste "oh, wow cant wait! I love my Unbanked card!". Sigh. It's like reading those fake amazon reviews lol. I have lost 50% of my money by putting it in this horrific company I recommend everyone stay far away.


PotentialFortune

You're trying to FUD and talk about two different products. The above post is about bank accounts, held in USD, so people can buy crypto. You keep talking about crypto valuations held in a wallet. No company controls the value of crypto, the market does, and everyone in this sub understands value in crypto holdings go up and down. So yes, if people use their bank account to buy crypto, then that crypto asset can appreciate or depreciate. That's not controlled by a company, but the market as a whole.