kurious
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June 25, 2019, 11:25:42 PM

Ref. Coinabse in UK:
Transactions in used to be damn quick.  Minutes, even.

A few days ago I popped a bit of fiat over to CB and sure enough it arrived in minutes - but when I went to transfer it to Coinbase Pro as I have done before - it was 'on hold'.

They now put it on hold for five days before 'releasing it'. Just so you know; 'in' is not instant anymore, it seems (at least for me).  It's a shame as getting money in fast was a big plus. That's cost me more than a few bucks.

I can't say on withdrawal of cash as I don't cash out on Coinbase, though - I have always used Stamp for that. 


Ref: Stamp - they did start to ask a LOT of questions in late '17 about where I the coins I had sold were from.  Very intrusive and (at that time) they held a fair sum I wanted out until I answered.  I was a little rattled as it was a serious figure.  Sorted in the end - but I had to jump through hoops that were far more intrusive than ordinary KYC.

I keep a USD account at a bank in the UK so I don't lose out on the USD - EURO - GBP exchange losses.  Then use a Forex broker to get back into GBP when I need to.   That said, having USD was useful to buy back at Stamp once we bottomed out.

So far, not too many questions at the bank I have the USD a/c at.  I didn't actually say upfront it was for BTC, of course.  I just said it was 'USD investment income', which was not a lie.