How can I buy bitcoin? Fidelity locked down my account when I tried to wire money to gemini. Capital one locked my credit card when I tried to buy on coinbase. It is legal to buy Bitcoin, right? Is it that banks make everything in their power to make it impossible to buy them? I have heard that localbitcoin is a hit or miss.. what other option do I have?
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- For capital one do you have text messaging or email setup? When they block something that’s potential fraud I can approve with either method and it goes through the second time around.
- Facebook vsoUsed CO ACH to fund most of my coinbase. For the Wire, you might have triggered AML (anti money laundering). This is common. Takes weeks to get it through, I know, defeats the purpose of wanting to wire money.
Some banks also have a bad relationship with crypto. Wells Fargo I think prevented many of their customers from transferring money from coinbase back to their bank accounts.