MonkeyF0cker Posted February 27, 2018 Report Share Posted February 27, 2018 If you're doing a ton of crypto transactions and don't have a tax accountant, you're flirting with disaster. Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted February 27, 2018 Report Share Posted February 27, 2018 Unreal, guy has an accountant who woulda thunk itPretty sure that’s the breed of his dog Quote Link to comment Share on other sites More sharing options...
Moldoveanu Posted February 27, 2018 Report Share Posted February 27, 2018 How did you make out on the fee side from cleaning and then selling? Last few times I used BC the fees were outrageous. I was afraid I would lose a shit ton in the process. I also heard Chase bank is randomly closing the accounts of people with Coinbase transactions. They already stopped processing CC purchases, but now I heard they’re going as far as closing bank accounts of people using Coinbase.Are u fcking kidding with the chase bank closing accounts for using coin base ? Where did u hear that ? Or read it Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted February 27, 2018 Report Share Posted February 27, 2018 If you are ever audited(low probability) you will have to explain those deposits. if you get audited just skip the country. country is a shithole anyway. much better countries out there like Taiwan. Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted February 28, 2018 Report Share Posted February 28, 2018 Best in the biz Quote Link to comment Share on other sites More sharing options...
Brick Posted February 28, 2018 Report Share Posted February 28, 2018 Barry fees have gotten a little better on Coinbase. Sold $900 to my bank account couple days ago and the fee was only $13. Quote Link to comment Share on other sites More sharing options...
BarryRunSome Posted February 28, 2018 Author Report Share Posted February 28, 2018 Barry fees have gotten a little better on Coinbase. Sold $900 to my bank account couple days ago and the fee was only $13.How is that possible? I sold 5 bucks yesterday to see if PayPal was working and the fee was $2.00 Quote Link to comment Share on other sites More sharing options...
Hangover Posted February 28, 2018 Report Share Posted February 28, 2018 How is that possible? I sold 5 bucks yesterday to see if PayPal was working and the fee was $2.00 Your wallet was hacked Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted February 28, 2018 Report Share Posted February 28, 2018 How did you make out on the fee side from cleaning and then selling? Last few times I used BC the fees were outrageous. I was afraid I would lose a shit ton in the process. I also heard Chase bank is randomly closing the accounts of people with Coinbase transactions. They already stopped processing CC purchases, but now I heard they’re going as far as closing bank accounts of people using Coinbase.False. Quote Link to comment Share on other sites More sharing options...
Moldoveanu Posted February 28, 2018 Report Share Posted February 28, 2018 but now I heard they’re going as far as closing bank accounts of people using Coinbase. wtf who did you hear that from and is it written anywhere ? Quote Link to comment Share on other sites More sharing options...
Moldoveanu Posted February 28, 2018 Report Share Posted February 28, 2018 Just searched as I use chase bank this thing has been going on for a while now At this time, we are not processing cryptocurrency purchases using credit cards, due to the volatility and risk involved," a J.P. Morgan Chase spokesperson said in a statement to CNBC.A Bank of America spokesperson also said in an email that the bank has decided to decline credit card purchases of cryptocurrencies.Citigroup said in a statement that "We have made the decision to no longer permit credit card purchases of cryptocurrency. We will continue to review our policy as this market evolves." Quote Link to comment Share on other sites More sharing options...
Moldoveanu Posted February 28, 2018 Report Share Posted February 28, 2018 Earlier in January, Capital One Financial said it has decided to ban cryptocurrency Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted February 28, 2018 Report Share Posted February 28, 2018 Moldy all spooked! Quote Link to comment Share on other sites More sharing options...
Moldoveanu Posted February 28, 2018 Report Share Posted February 28, 2018 Chase Bank closed my business account of over 10 years due to Coinbaseu/snrproJan 6, 2018, 6:14 AMNow they didn't come out and say that was the reason but I know that's the reason after doing some googling. Be careful guys. They could have just warned me and I would have switched Coinbase to one of my other accounts. Damn, this is frustrating. It doesn't seem like a bank should be able to do that just for having a Coinbase account. I know it's their choice as to whom they want to work with business-wise but it's so inconvenient to now have to change everything over. I have so much time invested into creating payees and auto payments and all my business income comes into that account. I feel like this shouldn't be legal. Ugh. Another reason why crypto currency needs to end the banking industry. Quote Link to comment Share on other sites More sharing options...
Moldoveanu Posted February 28, 2018 Report Share Posted February 28, 2018 Moldy all spooked!My money from work comes into chase wtf I don't understand what should I do now If I'm to gamble ask you guys for account transfer and then PayPal you Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted February 28, 2018 Report Share Posted February 28, 2018 Calm down, pal. Plenty of other banks. Fuck Chase. Quote Link to comment Share on other sites More sharing options...
D-Hustle Posted February 28, 2018 Report Share Posted February 28, 2018 banks are doing all they can to stop cryptos. cryptos are gonna wipe out the banks and government. Quote Link to comment Share on other sites More sharing options...
BarryRunSome Posted February 28, 2018 Author Report Share Posted February 28, 2018 False.False what, dipshit? There are threads all over reddit where people got there BANK account closed for excessive bitcoin transactions Quote Link to comment Share on other sites More sharing options...
Moldoveanu Posted February 28, 2018 Report Share Posted February 28, 2018 False what, dipshit? There are threads all over reddit where people got there BANK account closed for excessive bitcoin transactionsI have been doing hundreds maybe close to over thousand transaction and first time I heard that when u posted Quote Link to comment Share on other sites More sharing options...
rito Posted February 28, 2018 Report Share Posted February 28, 2018 Calm down, pal. Plenty of other banks. Fuck Chase.Boa letter to me said theyd be reporting me to some system banks use so I can't bank anywhere. So fking dumb. Quote Link to comment Share on other sites More sharing options...
rito Posted February 28, 2018 Report Share Posted February 28, 2018 I have been doing hundreds maybe close to over thousand transaction and first time I heard that when u postedThey only shut people down for cashing out, don't worry. Quote Link to comment Share on other sites More sharing options...
Downsouth Posted February 28, 2018 Report Share Posted February 28, 2018 Boa letter to me said theyd be reporting me to some system banks use so I can't bank anywhere. So fking dumb.It used to be called check systems when I was in banking. Can be brutal trying to open additional accounts. Quote Link to comment Share on other sites More sharing options...
ajt Posted February 28, 2018 Report Share Posted February 28, 2018 They only shut people down for cashing out, don't worry. Quote Link to comment Share on other sites More sharing options...
MadTiger Posted February 28, 2018 Report Share Posted February 28, 2018 There are banks that give second chances on that bad ChexSystems report shit. It varies by state. Look into it if they fuck you over. Quote Link to comment Share on other sites More sharing options...
KingRevolver Posted March 2, 2018 Report Share Posted March 2, 2018 They only shut people down for cashing out, don't worry. Moldy won't have a problem there. Quote Link to comment Share on other sites More sharing options...
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