Support for Cryptocurrencies

I didn’t like HSBC so closed account only after 3 months of opening :unamused:

And month later saw headlines about HSBC restrictions to withdraw cash from cryptocurrency platforms :thinking::flushed:

If banks do not support cryptocurrency transfers, I am out of that bank :smirk:

Yes, Bitcoin is growing and other most popular assets too :star_struck:
Big gains are guaranteed this year :heart_eyes::seedling:

It’ll be interesting to see what the talked-about regulatory crackdown will have on the bubble.

Kraken crypto exchange CEO says a global regulatory crackdown could happen as adoption of digital coins grows | Currency News | Financial and Business News | Markets Insider (businessinsider.com)

No they are not.

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Why you say not? :thinking:

I already see my 3 portfolios growing :seedling::seedling::seedling:

Can not afford Bitcoin, still am focused on other popular tokens :abacus::euro::pound:

Do you understand what guaranteed means?

You can reply in just text though, you don’t work for Monzo.

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With the way things are going you’re going to run out of banks and trash your credit rating in the process :grimacing:

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Because they could all drop to nothing tomorrow, then you’ll have lost everything. Or even worse a new law comes out and your crypto gets taken off you and this wouldn’t surprise me with all the illegal uses and the way it’s going with banks no longer a fan of it.

Monzo getting a lot of love on reddit as a crypto-friendly bank!

Nothing is guaranteed, especially in the world of made-up, unregulated pseudocurrencies.

My investment ISA has grown as well, as have pretty much every legitimate investment vehicle (besides bonds), but unlike with bitcoin, I probably won’t have my accounts frozen or be sent angry letters by the tax man for trying to cash out my shares.

Who needs real banks when you can buy PC components, Tesla’s and adult entertainment with bitcoin. Sure, eating might be difficult, but hey it’d be a fun albeit brief ride. :rofl:

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:soon:

At the Red Lightning teahouse in Çorum, the enterprising owners have one foot in the past and one in the future: it’s the first in the country where customers can pay in bitcoin.

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UK Central Bank has more chances to collapse tomorrow :joy:

Crypto industry is to big and too useful to collapse “just like that” :thinking:

Explain how it’s more useful? Maybe if you want to avoid tax or launder money.

You need cash to buy crypto if all banks collapses then crypto is worthless since you cant buy or sell.

What’s with all the emojis

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That’s crypto typing. They are all NFTs. Yours for £5,000,000 each.

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You are clearly not familiar with cryptocurrencies, are you? :expressionless:

It’s not about taxes or money laundering. It’s about system simplicity and payment speed :rocket:

Not all cryptocurrencies have to be purchased. You can “mine” them.
Eg Pi tokens currently can be mined only (for now)

Can we not go through all this again please?

It gets very tiresome to read through another “you don’t know much” chain of posts when someone simply doesn’t share the crypto-love.

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Payment speed? Bank transfers are instant so theirs no difference

I have around 2k in eth and it takes a good 20 minutes to send to someone even when I’m receiving it

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I agree in @Feathers it’s tiresome to see the same arguments rolled out time and time again especially by those that have no interest in crypto at all but enough that they want to keep coming back to this thread again.

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The speed of transfer is all down to congestion and gas fee.

So it can be seconds or hours depending on how much you want to fork out.

This is all being resolved to reduce this gas war, but for the moment if you want ETH transfer it’s going to be pricey.

You can see the current qwei and speeds here

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