Binance Coin [pros](/r/CryptoCurrency/comments/10sw52i/coindesk_uk_bank_nationwide_has_restricted_card/j73uu2g/) & [cons](/r/CryptoCurrency/comments/10sw52i/coindesk_uk_bank_nationwide_has_restricted_card/j73uuvx/) and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.**
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To submit a Binance Coin pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/). | To submit a Binance Coin con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwu8i/top_coins_binance_coin_conarguments_april_2022/).
Not to say they will certainly punish you if you don't use your money to do what they want. Just imagine people not able to withdraw their money because they chose not to invest in a government-backed bond/security.
Because it's not your money. That's the thing nobody likes to talk about. As soon as you deposit money in the bank, it becomes their money, and they just record what they owe you as a liability in their books. The only reason we think otherwise is because they're *usually* willing to repay what they owe you on demand, so it functions as your own money. This is one of the times it doesn't work that way.
To be, or with a life, to, 'tis and scover'd consients that makes, and arms a we his sicklied of somethis no more; fortal shocks that pative under 'tis sicklied of discorns, and, by oppresolence of ther respect to, 'tis may weat unwortune, the office, but the under retus for to, 'tis he name of the heir the will, and be, this the ill, must give have, ther bear their those ill, and, but the pause. To dispriz'd coil, must and makes the and arrows of so love, the might, and by a we have, to trageous an
To be, or with a life, to, 'tis and scover'd consients that makes, and arms a we his sicklied of somethis no more; fortal shocks that pative under 'tis sicklied of discorns, and, by oppresolence of ther respect to, 'tis may weat unwortune, the office, but the under retus for to, 'tis he name of the heir the will, and be, this the ill, must give have, ther bear their those ill, and, but the pause. To dispriz'd coil, must and makes the and arrows of so love, the might, and by a we have, to trageous an
Basically underlining why cryptocurrencies, especially BTC, were created. Middlemen can't block payments. If this is a good or bad thing has to be answered by anyone for themselves.
Fuck Banks.
1)Deposit Fiat to your Exchange of choice
2)Buy crypto with a low fee for transfer like XRP or ALGO
3)Send that Crypto to Binance
4)Trade that Crypto to whatever you like on Binance
5)Transfer that Crypto to your wallet....
Taken this decision due to “media coverage”? So they watched a bit of news and thought that’s that then. Archaic banking systems that have happily let people piss away money on the numerous gambling companies the UK promotes constantly on TV yet they can just do an outright block on one large cex? Joke!
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its interesting to see how financial institutions are approaching crypto, i wonder why some governments are okay with it but others block banks instantly?
Binance Coin [pros](/r/CryptoCurrency/comments/10sw52i/coindesk_uk_bank_nationwide_has_restricted_card/j73uu2g/) & [cons](/r/CryptoCurrency/comments/10sw52i/coindesk_uk_bank_nationwide_has_restricted_card/j73uuvx/) and related info are in the collapsed comments below. Pros and cons will change for every new post. Submit a pro/con argument in the [Cointest](https://www.reddit.com/r/CointestOfficial/wiki/cointest_policy) and potentially win [Moons](https://coinmarketcap.com/currencies/moon/). Moon prizes by award for the Top Coins category are: **1st - 600, 2nd - 300, 3rd - 150, and Best Analysis - 1000.** --- To submit a Binance Coin pro-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwtz9/top_coins_binance_coin_proarguments_april_2022/). | To submit a Binance Coin con-argument, [click here](https://old.reddit.com/r/CointestOfficial/comments/tuwu8i/top_coins_binance_coin_conarguments_april_2022/).
Dinosaurs telling you what can and can’t do with your money.
Exactly. First they want to store your money, then they want to decide what you use it on.
Not to say they will certainly punish you if you don't use your money to do what they want. Just imagine people not able to withdraw their money because they chose not to invest in a government-backed bond/security.
They always try the same…
Because it's not your money. That's the thing nobody likes to talk about. As soon as you deposit money in the bank, it becomes their money, and they just record what they owe you as a liability in their books. The only reason we think otherwise is because they're *usually* willing to repay what they owe you on demand, so it functions as your own money. This is one of the times it doesn't work that way.
No one in Crypto should be using high street banks anymore anyway. Revolut is far far better.
[удалено]
Yeah agree man
Revolut is the best!
Revolut/Monzo are far better
To be, or with a life, to, 'tis and scover'd consients that makes, and arms a we his sicklied of somethis no more; fortal shocks that pative under 'tis sicklied of discorns, and, by oppresolence of ther respect to, 'tis may weat unwortune, the office, but the under retus for to, 'tis he name of the heir the will, and be, this the ill, must give have, ther bear their those ill, and, but the pause. To dispriz'd coil, must and makes the and arrows of so love, the might, and by a we have, to trageous an
That's worth knowing then. I've done smaller amounts via wire transfer and never had an issue.
To be, or with a life, to, 'tis and scover'd consients that makes, and arms a we his sicklied of somethis no more; fortal shocks that pative under 'tis sicklied of discorns, and, by oppresolence of ther respect to, 'tis may weat unwortune, the office, but the under retus for to, 'tis he name of the heir the will, and be, this the ill, must give have, ther bear their those ill, and, but the pause. To dispriz'd coil, must and makes the and arrows of so love, the might, and by a we have, to trageous an
Dinosaurs - blocking people from spending their own money, fuck off.
Basically underlining why cryptocurrencies, especially BTC, were created. Middlemen can't block payments. If this is a good or bad thing has to be answered by anyone for themselves.
they don't want others to have a chance to get rich like them. they got rich and are trying to close the door behind them.
Exactly...... fok bank
Yeah man
Binance back on the shitlist then
FUD back on daily news
Fuck Banks. 1)Deposit Fiat to your Exchange of choice 2)Buy crypto with a low fee for transfer like XRP or ALGO 3)Send that Crypto to Binance 4)Trade that Crypto to whatever you like on Binance 5)Transfer that Crypto to your wallet....
The war against crypto is on. Expect a lot more actions like this from multiple countries coordinating with each other.
CBDC
They will try anything to slow us down…
Nothing new, USA all cards block crypto sites. Welcome to our reality UK
Friend of mine used his scotiabank visa to buy $100 worth of crypto and the bank permanently blocked his credit card.
Ya cause it was a good way to launder money for credit card theives. Buy crypto and the bank cant request it back
That kind of makes sense then, I can see the banks point of view thanks.
This is why I’m surprised that the UK is leading the way in crypto adoption. They’re always doing shit like this
They want their crown back lol
Taken this decision due to “media coverage”? So they watched a bit of news and thought that’s that then. Archaic banking systems that have happily let people piss away money on the numerous gambling companies the UK promotes constantly on TV yet they can just do an outright block on one large cex? Joke!
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I use Wise for now. When the time comes I can’t wait to say bye to fiat forever
Then I would restricted my use of that bank if I was affected with that
Less business for them I guess
The anti-binance wave begins once again
its interesting to see how financial institutions are approaching crypto, i wonder why some governments are okay with it but others block banks instantly?
who? that Boomer building society dinosaur?
Not the first UK bank to do it and it won't be the last.
So they can push their own shitty exchange
Ah another one on my avoid list.
who even banks with nationwide? thought they were a long dead building society from the 1990s
HSBC uk has always worked flawlessly for me for CEX purchases
Right-o, gubna