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BTC question (blockchain)
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I'm pretty sure you don't get locked out of your account if you don't submit any ID or passports. For certain, you won't be able to buy any type of cryptocurrency. That's all that I know of. I use Coinbase instead since it benefits me much more.
You can still receive and send cryptocurrencies, just not buy it from blockchain themselves.
You can still receive and send cryptocurrencies, just not buy it from blockchain themselves.
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Gotcha, which is better?
Coinbase is the worst online wallet in existence.
I don't know if blockchain will lock your account, I had an account without a verified id for a couple years before finally verifying it and I don't recall having any issues .
I really do prefer Coinbase but both requires ID/Verification. I only used Blockchain to get the free $50 in Stellar (XLM).
"Both the BlockChain and CoinBase wallets are having several advantages and disadvantages. But when compared to BlockChain, CoinBase is the most recommended wallet for bitcoin storage. The reason is that CoinBase got the 1st rank while the BlockChain got the 2nd rank based on the below merits and demerits:
- The CoinBase users can buy and sell (trade) bitcoins, whereas the BlockChain users are not having an option of bitcoin trading. Instead, they only have the option of sending and receiving bitcoins.
- Merchant services are available with CoinBase, but not with BlockChain.
- The bank account can be linked in CoinBase, but it is not possible in BlockChain.
- Private Key control is available with BlockChain.
- The CoinBase users can make payments via email whereas the BlockChain users are not having the authority to pay via email."
Could you elaborate why and how it's bad?
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localbitcoin and pax... dk if they require id
Blockchain allows users to buy btc now I believe with a bank account so two of those bullets are out of date(not sure when that article was published)
Can you transfer to bank?
Ah, my apologies. I don't use Blockchain at all so I wouldn't know. It was published on October 4th, 2018.
I'm not sure on that. I just would never recommend coinbase to anyone because of their intolerance for pretty much anything. They're similar to PayPal in that they lock accounts without notice and with seemingly no reason.[DOUBLEPOST=1561671672][/DOUBLEPOST]Can you transfer to bank?
That still seems pretty recent, I'll look into it later.
You can't transfer to bank or PayPal on Blockchain, just checked. You can with Coinbase.Can you transfer to bank?
Odd, I have 2 Coinbase accounts. One verified, one completely unverified. Both very lively and no lock has happened. Again, from my own experience, Coinbase has been very good to me. I've even cashed out $2.4k BTC to my bank in less than 2 days. Very smooth stuff.
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As someone looking to get into crypto, I can’t stress how important this is. It essentially makes Blockchain not even be an option.
Why is being able to transfer to your bank account a deal breaker?.. that makes no sense
No, no! I wasn’t being clear, but I meant that NOT being able to transfer is a dealbreaker. From what I’ve gathered, Blockchain doesn’t have that capability.
Yeah, I understand what you meant. If transferring to a bank is a priority for you when using BTC just continue to use PayPal.
A lot of members only deal in BTC these days, and in some cases I don’t want to deal with chargebacks. I mostly intend to stick to PayPal, but in cases like those, it helps to have access to BTC.
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