Originally Posted by
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There should no reason a debit card is declined at Coinbase. It's only cred cards affected by bank action against bitcoin (their logic was that letting customers use high interest loans to buy speculative bitcoins was bad)
I would ring BofA and ask them why they wont let you spend your funds at Coinbase as step #1.
They might have flagged your account to not allow any "high risk transaction codes" in general and just need you to ask.
Also, with the two books who declined it. That will be to do the payment processor they are using (which may the same one). You may find your card will start working again at those one day.
Long term, your setup with the blockchain wallet and coinbase sounds right.
Short term to get funds in quick, that Square Cash App Mrpapageorigio recommends sounds like one the easiest online methods. Otherwise google Bitcoin ATM and go visit one near you and buy bitcoin for cash on the spot.
BkofAma, Chase, Citi, Cap1, TD--among others-- have actively blocked bitcoin transactions on their cc's for almost a year now, since the price crash. Bank accounts that persist with high volume, through other means, have been shut down. This disease has not been exclusive to US, it's also found in various parts of Europe and Asia.
Dimon(Chase) and Moynihan(BkofAma), two of the biggest crooks & hypocrites left unscathed from the last bank scandal, have been quoted in the news for eons and ad nauseam slamming bitcoin. The latter banana claims bitcoin obscures bank efforts to detect illegal activity by his customers, priding in his bank being one of the best at detecting illegal activity on behalf of the authorities.
I'm not providing any new info though-- anyone not hiding under a rock, or in prison: who reads financial news and/or posts in Reddit, Coindesk, Bloomberg, any of their competitors, would know this.