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410 points gpi | 1 comments | | HN request time: 0s | source
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OhMeadhbh ◴[] No.43994953[source]
I mean... wasn't coinbase sort of scammy to begin with? Several years ago I gave them some USD, turned it into BTC, saw the value of the BTC go up, but when I tried to cash out was told that wasn't a thing that was supported by their platform. Later I was told I could apply for a $399/year credit card and could partially pay off the balance with BTC sale proceeds. I'm sure this was all disclosed somewhere in the terms of service I clicked through, and I only lost $1000 to their scheme.

But I've always wondered why people think this is how investment vehicles work. I monkeyed around with stock market bets and even Robin Hood allows you to cash out of your positions.

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1. allears ◴[] No.43996068[source]
I dunno why you had problems, but I've been using Coinbase with no problems at all for years. It's linked to my bank account, so if I want to pay for something with bitcoin, I can easily buy and send bitcoin with just a few clicks. I don't invest or speculate in bitcoin, so I only maintain a small account balance. And selling bitcoin and transferring the proceeds to my bank account has been just as easy and trouble-free.