First Coinbase closes account, now Circle.

Not many probably saw my post about how coinbase closed my account that I had "owned" since coinbase was just a little baby. (years ago? drugs..).

From coinbase via email:

"Hi [name removed],

Thank you for your interest in Coinbase. Our primary goal is to make bitcoin safe and secure for our customers. Coinbase is a regulated Money Services Business under FinCEN (FinCEN.gov), and as part of our responsibility, we are legally obligated to implement regulatory compliance mechanisms.

We regret to inform you that we are no longer able to support your Coinbase account as we have determined that > you are no longer eligible for our services.

We hope a different bitcoin service provider can provide you with your future needs. Thank you for your interest in > our services and we wish you the best of luck in your future endeavors.

Respectfully,

Coinbase Compliance Team"

Now.. I do tumble, I don't make massive BTC purchases, I've been doing everything pretty much the same since SR1 was being built/ coinbase first "came around".

So people responded to my post with things like you should've tumbled and used an offline wallet. I tumble and use a blockchain wallet, always have. New addresses every time, not sure if that makes much of a difference I'm not a Bitcoin connoisseur here.

But I begin using circle via debit card instant buys for amounts like 100-a max of $200 at a time, once or twice a week, smaller amounts as well not always $100-200.

Hi [name removed],

I regret to inform you that after a careful review of your account, Circle will not be able to offer you service.

As a federally regulated money service business, we are subject to the Unlawful Internet Gambling Enforcement Act. > Gambling on our platform is outlined as prohibited in the ''Restricted Activities" sections of our User Agreement (sections 17 and 18). Your account has already been closed.

Please reference the User Agreement should you have any further questions.

Best,

Team Circle

Just do your best to figure out how to get past this bullshit, because I'm getting sick of it and BTC was so easy to get in the past, I used to just use my bank account and wait the 5-6 business days plan everything out perfectly and be satisfied (but always was praying on that instant buy). I'm not sure if its me buying BTC too fast, too much too fast, or not using an offline wallet. I always thought blockchain as a wallet was fine, that's what I was taught years ago and it never seemed to be an issue. I understand MANY recommend TAILS and Electrum, I just never went that route and saw many not go that route and have stood successfull for years now. So please, if anything use my stupidity as wisdom toward being careful about how you go about buying and spending your coin. I only have one more website to use, cex.io and if they cut me off, I guess its LBC or what the fuck?

-FT + Methylphenidate


Comments


[11 Points] None:

I really wonderf what they pick up on to ban accounts I've used them both for a long time, never tumble, send straight to markets and no problems


[8 Points] PurpleBeamz:

Circle closed my account today as well, fuck one time.


[3 Points] ucriminal:

I buy my BTC and send to Chinese Exchanges that I can move BTC in and out without giving out too much info. If coinbase question me.. I say.. I like to trade my BTC at that location.. offer better options.. etc.

Let it sit there for a day and when you xfer out.. I can't trace it back to coinbase at all. Than tumble and all that stuff, before goes to market.

I'm sure if you send from Coinbase to Tumbler directly, they can monitor the behavior of the coin and determine if you're tumbling or not.
Even if you tumble, the micro transaction can be track front and back to coinbase and darknet market.


[2 Points] Merr0w:

I wonder if it has to do with accessing Coinbase over too many different IP addresses because I tumble every single bit (though to the SAME address) in similar amounts and haven't had any issue over the past few mos. Or maybe when tumbling, they consider multiple addresses instead of really pinpointing whose coins are whose?

i.e. 1 confirmation tumbled with 5 addresses and one sent to gambling site? I'm grasping at straws, but I think you may be guilty by association.


[2 Points] None:

Exact same thing happened to me, I switched to Localbitcoins and never looked back.


[1 Points] spyderonthewall:

There are ways to void this BS but I'm a firm believer in LBC. I've recently started using circle but only small buys and when my one trusted LBC seer is not around.


[1 Points] DecentDWilly:

What tumblr are you using? So I can avoid it


[1 Points] ruzdnmthrowaway:

never once tumbled. Have been purchasing from circle for a good while now, usually once every few weeks or so. I have 3-4 wallets I'll usually run them through. 2 are online, 1 is on an old Android device I use specifically to send coin to, the other is a Multibit wallet on a VM. I'll switch around the order in which they go from wallet to wallet but usually I'll pass all the coin through within ~12 hours. Fresh installs of the android/VM wallets every month or so just because. Pretty damn easy. Probably not "secure", but I've yet to have a problem. Coinbase banned me after I started getting lazy and sending them straight to markets, though.


[1 Points] None:

SQUUUUUWK


[1 Points] None:

how would they know you were gambling?