Thread 60822446

I hope you arent using Kraken...

>>60822446 (OP)
load ze cex FUD
not your keys not your crypto

>>60822446 (OP)
Thanks for playing

>>60822446 (OP)
I have an eth address, it's working like a charm.

>>60822446 (OP)
>We are unable to provide you the reason why
The only thing Financial companies can't legally provide you the reason for is for AML, so chances are you interacted with a coin mixer or did something Kraken deemed suspicious. Seems odd they would close your account versus freezing it though (assuming this is real ofc).

>>60822446 (OP)
nice larp

>>60822446 (OP)
>HODL Mode Activated

They all do this

>>60822446 (OP)
Same shit happened to me. Fuck Kraken

>>60822446 (OP)
I been using Kraken for more than 5 years and I never had an issue with them.

>>60822446 (OP)
>Knowingly going against TOS
What did you think would happen?

>>60822464
It's always third worlders, frauds and money launderers who are posting this.

>>60822529
What country do you live in? I have a feeling they are stricter on third world countries with higher rates of fraud.

>>60822516
Gemini did this to me in like 2017 and never provided any reason. It was because I started depositing large amounts of money ($500,000+) in single deposits repeatedly and they assumed I was money laundering (I wasn't, I just got gifted some money to invest). But I'm saying they do this all the time without good reason.

>>60822540
1) It's not about fraud, that I'm pretty sure of.
2) It's also not about the country you live in, but your country of origin. They see a "bad" passport, they shut you off.

>>60822552
>It's also not about the country you live in, but your country of origin
Well yeah obviously, say for example people from Malaysia have significantly higher rates of fraud, of course they are going to discriminate against both people who live in and came from Malaysia. The only non-discriminatory way to trade and transfer wealth is through cryptocurrency, where only the knowledge of a magic number determines your participation rather than these games with financial institutions.

>>60822464
still the fact this happens and surprise banks can do the same is too far
if there is suspected fraud send the details to the local cops and let them handle it in a criminal investigation
but forcing private entities to conduct criminal investigations and deny services on stricter standards than the actual laws applicable is very wrong and will be used as a cudgel against the population eventually canadian trucker style, we cant move the economy onchain fast enough

but yes i agree it is mostly people that deposit mixed coins on exchange that get these messages

>>60822548
if its large amounts of cash coming in from what can only be a bank they usually just ask for standard posof which isnt hard
if its large amounts of crypto from dexed shitcoin trading that might be a problem

>>60822590
>still the fact this happens and surprise banks can do the same is too far
I agree, but this is mostly a side effect of the stringent KYC/AML regulations that have been forced from above by major Western countries (particularly the USA). Remove those tyrannical and, at least here in America, unconstitutional laws and it becomes a competitive advantage for a bank to not care.

I’ll be honest I used this CEX starting out, but I saw that big greasy pizza loving kike Dave Portnoy on a kraken ad. Never again.

>>60822446 (OP)
yeah Kraken and CEXes do this shit all the time. This is why you should never leave more than 10% of your total crypto on (((exchanges)))

>>60822609
let me assure you its much much worse in europe right now
you can forget about cashing out any significant crypto gains until you reach private banking tier when they charge you upfront for your own aml/posof anal probing
as far as i understand it burgers can still cash out to regular banks

>>60822465
>larp
holy newfag

Just browse r/binance, r/kraken or r/coinbase and you'll see hundreds of posts with similar shit. CEXes love shutting down accounts with no reason

>>60822664
How do you cash out in the EU then? The button is there in any exchange, but I've actually never tried it rightfully assuming it would be much easier to take alternative paths.

It sucks but as far as CEX are concerned, they're the least worst option.

>>60822677
well the exchange will let you cash out, the problem is finding a bank that wants to except it
and the solution is like i said get to private banking tier before cashing out
no idea what one has to do when caught in the middle, i least i had no taxes for hodling long enough so i was never fucked with a tax liability greater than wagie savings ever could service and no ways to actually pay it

>>60822446 (OP)
Amen, fuck Kraken. They never explained to me how this trade shows a loss. Made no fucking sense. Fuck Kraken.

>>60822446 (OP)
i tried using mexc even though my country isn't allowed
used vpn but I still got marked for KYC after already depositing

if $75 is worth it to you in your country and you're allowed to kyc with mexc, someone can just have the account
you'll only get it out if you actually kyc, but it has no attempts or name on the account yet. just email/2fa that can change

>>60822548
>>60822590
>>60822609
>>60822664
How can you cash out large amounts of crypto (hundreds of thousands) quickly?
Would it be preferable to cash out in small amounts repeatedly (tens of thousands)?

>>60822548
What happened to your money? Did they take it for themselves?

>>60823143
>Would it be preferable to cash out in small amounts repeatedly (tens of thousands)?
Be careful when cashing out small sums, because at least in America it is a crime to attempt to evade suspicious activity reports by transferring sums below $10K that sum together above $10K. It's one of those laws that don't really get enforced unless you're getting prosecuted for a different, more serious offense and it is tacked on, but due to its existence it does tend to be a red flag to the banks and make your account *more likely* to be frozen.

>>60822446 (OP)
1PBTID FUD ALERT
1PBTID FUD ALERT
1PBTID FUD ALERT

>>60822446 (OP)
It’s kind of scary how exchanges have the power to close your account and steal all your money and there is nothing you can do about it

>>60823143
>cash out in small amounts repeatedly
smurfing is a crime itself even if done with legit funds and for no malicious reasons
so no never do this, at least within the conventional banking system, you can however smurf out in crypto to literal cash transactions in regions applicable

>>60822446 (OP)
>
100% of the time its some iranian or from whatever other restricted region using a vpn or fake KYC. Yea no shit once they find out your going to be thrown out. What did you expect?

>>60822446 (OP)
I was in Kraken years ago, and enjoyed the service, but then I moved to NYC. I forgot about crypto for a few years due to busyness, and came back late last year to the news that my account was locked and my funds needed to be withdrawn.
Thank GOD that, after several months of internal glitches and errors disabling any withdrawal, I was able to finally get everything back ~2 months ago.

But yeah, that's a way better situation than this crap. Are you in Maine or NY?

>>60822523
>deposit to exchange from your wallet with 6+ figure amount in it
>exchange leaks your info (pic rel)
>fear for your wellbeing for the rest of your life

>>60822446 (OP)
Which exchange has the lowest fees?

>>60823314
move to another address and 99.9% of your security problems are gone
i have said so before here but once you reach a certain level of crypto wealth it becomes obligatory to have two addresses, one to live in and one for all your official kyc, not just exchange but all of it

>>60822446 (OP)
>>60822464
>>60822516
>>60822523
For context, this screenshot was posted a few hours ago by Joshua "Null" Moon, the owner of Kiwi Farms. He probably was debanked for political reasons. So really this thread probably belongs on >>>/pol/ .

>>60822894
Interest you fucking nigger

>>60823223
>>60823276
Wtf? If you cash out big, you get banned and seized. If small, you get redflagged, banned, seized, and jailed.
These fucking jews really want to keep everyone a poor debt slave.

>>60823424
Oh it was Null? I thought political debankings were banned by Trump lol

>>60823407
>99.9%
If someone has your name and the city you live in and know they can score $500k+ without being traced, do you really think they are just going to give up when your address has changed?

>>60823424
poor baby. nobody cares

>>60822894
>margin? what's that?

>>60823232
>1PBTID
thank you

>how to cash out
>I'm le rich and don't want to pay taxes
>i'm 60000figures.
It's always the same larps and stupid questions.

>what's p2p?
what kind of dystopian shithole you guys live in?
P2P
google it.
any decent exchange has it.
I never send my money through banks but p2p.
Works fine whenever I try to sell small chunks of money up to $2k every week in my case

>>60823314
Won't be an issue for EU residents once government issued eID wallets are here. One of the few good things made by EU.
This will eliminate all KYC leaks and potential fake KYCs. You will no longer have to send your ID and face to shady third party KYC services.

99% of these account locks only happen because of jeets, money launderers, scammers and illegal VPNs.
If it's not because of that, then it must have been a false positive detection.

>>60823550
yes i do, at least if you practice sensible opsec
the criminal element is neither that smart nor all that determined to commit they are looking for easy scores after all
if all you got is an address thats invalid and an old id picture that doesnt look like irl you, then how will they proceed to get you
of course real you doesnt have a social media presence and is only known to a select group of close friends and the criminals dont have nsa tier capacities and access to the global surveillance grid

yes i am 100% sure if you arent an easy target you are 99.9% safe from most physical attacks

>>60823314
unless you live in the ghetto, they know you have 6+ figures without knowing your name
they just have to drive through the neighborhood
you sound out of touch

>crypto is supposed to be anonymous
>all this legal shit tied to your account to faciliate the transaction of ownership
very cool

>>60823480
What did we expect os an arsh Goyal spammer ?

>>60823480
Interest on what you nigger? I don’t still have this fucking long open to this day, you freak. The long was <1hr old, this pic is from February. Interest on what?

Get off CEX or at least always pull out everything.

>>60823651
And how would they steal 6 figures from a bank account, real estate, or stocks.
You’re definitely out of touch if you haven’t read those stories of $5 wrench attacks.
You sound poor.

>>60823407
>>60823635
But if they know your identity, they also know your relatives and friends. Unless you're planning to cut all ties, they could secretly gangstalk/observe your closed ones until you decide to meet with them or they might even kidnap one of them to ask for a ransom.
>>60823590
>implying the governments and bankers won't leak your info or directly send goons to your house

>>60822446 (OP)
I have 10m lunc on there. They better not fuck with it

>>60823143
>>60823504
Just keep everything in a wallet / multiple wallets and cash out when needed. There’s no need to keep 100s of thousands of dollars in a bank, ever. If you’re trying to move it into some investment account, have a chat with the exchange / bank ahead of time and let them know what’s up.

i use kraken to play casino games and it has worked flawlessly for months. regret not using it earlier. meanwhile CB has had problems with their 2FA shit for years, with some saying they got locked out of their acct, yet their stock reached ATH in july.

>>60824052
moar:
https://lifehacker.com/tech/coinbase-hack-compromised-one-million

haven't heard anything negative about kraken for years. in fact they were anti-censorship, and anti-woke. but now i believe they have a co-CEO who is indian so yeah there's that. correct me if i'm wrong.

>>60823504
>The future of money is here™
also, every trade is a taxable event lmao

>>60824044
>>60824081
But sometimes you need large amounts. For example, down payment for a house or capital to start a business.
And what if you trade your crypto (non-KYC) for USDT, then say your 300K USDT were given as a gift? The giver is the one to pay tax, not the receiver, and it is on them to prove it is NOT a gift. And since USDT is stable, no capital gains tax.
They can't just call any money they don't like as laundered or dirty.
>nooooo you can't receive money from kind strangers on the internet thats illegal reeeeeee

>>60823955
if you dont have facebook how could they possibly know any of that
remember all they have is a picture that doesnt look like you and a fake address

>>60824339
You make a good point, but other people still use social media and upload pictures/videos of every single fucking moment like drones regardless of whether you like it or not. They'll also mention you and talk about you.
Imagine they run your leaked picture through reverse image, find that one picture of you that your cousin took 10 years ago and uploaded without your knowledge, then follow from there.
People should be taught about good privacy practices.

avoid mixers, sending to gmbling sites and vpn.

>>60824168
>But sometimes you need large amounts. For example, down payment for a house or capital to start a business.
Those things require you to use the money, not keep it stashed away in a bank.

>And what if you trade your crypto (non-KYC) for USDT, then say your 300K USDT were given as a gift? The giver is the one to pay tax, not the receiver, and it is on them to prove it is NOT a gift. And since USDT is stable, no capital gains tax.
Maybe one of the jews itt can better explain it

>>60824511
if someone gifts btc to their wife, how does that work tax wise?

>>60824522
Once again speaking as an American, gifting someone crypto is treated as the following IIRC
>1. The gifter "sells" the crypto for USD
>2. The gifter then gifts the USD to the giftee, wherein the standard gift tax rules apply
>3. The giftee "buys" the crypto with said USD

So the transfer is essentially treated as using your gift in USD to buy the amount of crypto you received. So if the crypto were to rise in value from that point onwards and you then sold that for something else, you incur capital gains tax on the gain from when you received it as a gift.

>>60823955
>>60824168
On the same note, what's the feasibility of getting a friend who's already KYC'ed and living in a country with no crypto and gift taxes, so that he sells your crypto as if it were his and sends the fiat to you as a gift?

>>60824511
>>60824522
>>60824547
>>60824595
And what if the wife "borrows" the crypto from her husband? The act of lending/borrowing itself is not taxable.

>>60822446 (OP)
wtf? In my opinion they should be required by law to tell you the reason.

>>60824382
those all sound like you problems, none of my friends are attention ewhores and any pictures from public places are glances in low light environment
also nobody addresses me on my real .gov id name, they all use my nickname from my college days so no dice there, and even then my name isnt unique they would have to go through a lot of online presenced normies before ever hitting me

but all of this is i am sure besides the point, you are attributing glowie capabilities to them now
this is vastly catastrophizing the real threat, i know paranoia is addictive but dont overdo it
outside of legit spooks i really doubt the capacity of the lower criminal element to take an old ass picture and scrape the entire internet even the barely indexed parts like private facebook settings and use magic enhance the image csi tech to correlate that to a passing side shot of my face in the dark in the edge of the photo
lets remain in reality shall we

>>60826657
if you do that, then criminals that are actually trying to launder drug monies will take an army of pajeet to trail and error your aml rules and find a loophole
the not letting you know the details of the threat detection is actually the defensible part of this

>>60822446 (OP)
Was about to make an account a few days ago because according to uni, useless was supposed to be listed there soon. What the fuck this feels like some sort of magical intervention shit.
>Closes your account
>Provides zero context
>Calls it an "inconvenience"
Holy fuck this can't be legal lmao.

What is an American supposed to do if theyre banned off gemini, coinbase and kraken? Does binance have fiat onramp?

>>60827432
There are other exchanges that offer services to Americans, off the top of my head there is at least
>Crypto.com
>KuCoin
>Robinhood
>PayPal
>Fidelity

>>60828067
>>KuCoin
Well nevermind I just checked and they ban Americans, so off them from that list