Cashapp Closed..Anything Similar

**pimike** · 05-01-22, 08:03 PM

Originally posted by PD77

Did you use blockchain.com as an exchange? That is why.

What are you saying?

I always go book to blockchain. Blockchain to book

**DontTailMe** · 05-01-22, 10:38 PM

Originally posted by pimike

What are you saying?

I always go book to blockchain. Blockchain to book

He means signing up for their exchange services and not just using their wallet.

**PD77** · 05-02-22, 12:31 AM

Originally posted by pimike

What are you saying?

I always go book to blockchain. Blockchain to book

If you’re using the anonymous wallet you’re fine. If you’re using blockchain.com to convert BTC to fiat you can run into problems. To use their exchange services you have to be verified, kyc etc. It’s really the Achilles heel of crypto, if more places accepted crypto as payment we wouldn’t have to convert it to USD but in order to accept it they have to know where it came from etc etc. at some point it has to be converted to fiat and that is the problem.

**pimike** · 05-02-22, 10:13 AM

Oh oh

Ok thanks guys

**pattymayo** · 05-02-22, 11:33 AM

Originally posted by PD77

If you’re using the anonymous wallet you’re fine. If you’re using blockchain.com to convert BTC to fiat you can run into problems. To use their exchange services you have to be verified, kyc etc. It’s really the Achilles heel of crypto, if more places accepted crypto as payment we wouldn’t have to convert it to USD but in order to accept it they have to know where it came from etc etc. at some point it has to be converted to fiat and that is the problem.

can you elaborate? I’ve been using blockchain for years now, primarily as the middle man between Coinbase and book. I’ve also on occasion sent from book to blockchain and turned it into cash to send to bank account. Is that a risky move? Any better alternative?

**5918mike** · 05-02-22, 12:41 PM

How are people cashing out their bitcoin winnings these days, with the ever changing landscape and tax crackdown I'm looking for fresh ideas and ways to cashout, diversify if you will.

**Ksherm** · 05-02-22, 05:32 PM

They said to use the private wallet. Guess the other one they have to monitor the transactions..

**statguy** · 05-02-22, 06:26 PM

The final frontier

bisq

**BeatTheJerk** · 05-03-22, 08:08 AM

Has anyone tried Robinhood to buy & transfer cryptos ? If so what are the fees associated with sending to another wallet ? They just recently implemented this feature on their app.

**Chiefs83** · 05-03-22, 10:14 AM

Was wondering the same thing