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Message: [QUOTE="lilpotato, post: 4167053, member: 148113"] LOL, Exactly how do you think a financial institution would get your money into your bank without knowing where to send it? Here is a list of licenses state by state Coinbase has to transmit money [url]https://www.coinbase.com/legal/licenses?locale=en-US[/url] Coinbase made over 1 billion in revenue last year, so I guess there are a lot of people who are "out of there mind" huh? True PayPal is currently broken on site, PayPal does not even deal with most people in crypto business. I used PayPal cashout when it was working and although relatively expensive it was instant and I look forward to them fixing whatever issue they have. When you Cash out by ACH transfer to your bank (which is a standard procedure in the U.S. to transfer money to your bank) [url]https://en.wikipedia.org/wiki/Automated_Clearing_House[/url] Coinbase says it will take 3-5 days although it took 1 day for my last one and it took 3 days on the one before that. The only other issues I have had with Coinbase is their payment processor for credit/debit purchases had some kind technical issue and was double billing a large number of transactions me included but they worked that out and I have been credited back [url]https://blog.coinbase.com/joint-statement-from-visa-and-worldpay-for-coinbase-customers-9a6f2ff5f3b3[/url] This was one of the issues that made me want to use other means of deposit and only use crypto for withdrawal. The other issue I had with Coinbase was the limits on deposit by debit/credit card but for me that has also been sorted out.... A little late as I don't use them for that anymore. Cryptocurrency is a fairly new business and a company in a fairly new business is going to have challenges and problems at some point guaranteed, but they seem to be managing to work through all that pretty successfully. To sum up Coinbase is a licensed business that does business with banks who allow crypto purchases via debit/credit and had revenue of over 1billion last year and has had... I don't know how many successful buy and sell transactions with the public. Coinbase does their business in public and has offices on U.S. soil. [/QUOTE]

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