Santander Babysitting Again

chops.support in #hive-196233 • 2 years ago

I received this email and the header told me all.

...'We are terrified of crypto so are not letting you send lots of it'...

We are protecting you my arse, I am over 18 and can make my own decisions thanks.

I did like the part about Binance. The worlds largest exchange has some other company in-between intercepting the outgoing fiat and as it does work. I tried this only a month ago to see if it worked.

I for one, only send one way and they confirmed incoming GBP from Binance will work. Fuck the FCA they say, when they are getting the fiat.

#palnet #proofofbrain #neoxian #archon #vyb #creativecoin #leofinance

2 years ago in #hive-196233 by chops.support

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jacobtothe 2 years ago

Are limits on transactions proof they're watching out for your interests, or evidence the legacy financial systems are scared of competition and choice?

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1 vote

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slobberchops 2 years ago

Exactly.., why do we need to be babysat.., rules my fucking arse!.., it's the latter.. and why do they now accept incoming transactions after banning them for a while?

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4 votes

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preparedwombat 2 years ago

If banks were really trying to protect us, they’d be restricting our ability to buy alcohol and tobacco. 😅

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1 vote

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deepeye596 2 years ago

Binance is good instead of wires. But wirex is best if we purchased from it.

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bozz 2 years ago

Ideally eventually, you won't need to move your crypto out. Hopefully in a decent amount of time you can just keep everything as crypto and do everything you need within that environment. Probably a long way off at this point though.

Posted Using LeoFinance ^Beta

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1 vote

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slobberchops 2 years ago

For a while I couldn't extract crypto using Binance, when I tried.. I got an immediate text from Santander about them being dodgy etc.., and then it started working again. The FCA haven't changed their stance on Binance, but it seems my bank now accepts one-way trades.

0.16 VYB

4 votes

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bozz 2 years ago

Interesting. I still think it is ridiculous that the banks get to tell us what we can and can't do with "our own" money.

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steevc 2 years ago

Conventional banks are scared of crypto. I do hear about people getting scammed, so I guess they have to protect those who are likely to get hit. I just hope I can cash out when I need to. For now that is via Wirex. I won't involve my main account directly with crypto.

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6 votes

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anttn 2 years ago

That’s a wise advice you’re giving here, about Wirex, maybe need to follow this..!

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1 vote

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steevc 2 years ago

Wirex have had limitations on putting money in, but I think that is fixed now. They have to work within the rules the financial authorities set. The crypto <-> fiat gateway is always the tricky bit.

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5 votes

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anttn 2 years ago

Yes, that's what I saw at the time..
I'll have to focus on that again, for the moment, I've been through Bitgold haha, sweet and discrete ^^

Thanks for your answer :) I wish you a good evening ✌️

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1 vote

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slobberchops 2 years ago

Only used Wirex for buying.. and it was long ago! They don't have a good rep if things go wrong (do any of them?)

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3 votes

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steevc 2 years ago

It's been okay for me so far, but I don't plan to keep large amounts on there for long. I suspect they are not a big organisation, so they struggle if things go wrong.

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cmplxty 2 years ago

It’s not surprising to see this. Crypto is going to largely replace them so it’s certainly them attempting to throttle it so people can’t do everything they want. It’s not for protection, that’s always the guise but never the reason.

People do get scammed out of money but they do that in so many areas that it’s really not as justifiable as they think it is.

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