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- - Meet the software engineer who used crypto to buy his $650,000 dream home (https://www.aspkin.com/forums/cryptocurrency/143446-meet-software-engineer-who-used-crypto-buy-his-650-000-dream-home.html)

BlackLion

05-09-2021 11:09 AM

Meet the software engineer who used crypto to buy his $650,000 dream home

"To afford the $650,000 home, Leonard opted to use his cryptocurrency investments to cover a down payment and as proof of funds for the mortgage he took out to buy the home — he opted for a mortgage, rather than buying the home outright, because of the low interest-rate environment."

https://www.marketwatch.com/story/th...rd-11619662003

miketyson

05-10-2021 10:45 AM

Re: Meet the software engineer who used crypto to buy his $650,000 dream home

He even had a Coinbase account. Its like showing the mortgage company your PayPal account as a down payment.

james_112233

05-10-2021 07:15 PM

Re: Meet the software engineer who used crypto to buy his $650,000 dream home

Why all the hate towards coinbase ?

I'm using coinbase pro and love the speed of getting in and out of the market and withdrawing any profits quickly to my bank account.

miketyson

05-12-2021 04:55 PM

Re: Meet the software engineer who used crypto to buy his $650,000 dream home

No hate from me. Most would say Coinbase is the Paypal of the crypto wallets. I have Coinbase as well.

GreenBean

05-17-2021 05:07 PM

Re: Meet the software engineer who used crypto to buy his $650,000 dream home

Quote:

Originally Posted by james_112233 (Post 1153029)

Why all the hate towards coinbase ?

I'm using coinbase pro and love the speed of getting in and out of the market and withdrawing any profits quickly to my bank account.

Possibly people speaking from the experience of having their accounts closed without acceptable explanation from coin base.

:ranger:

SaiJin

05-17-2021 06:17 PM

Re: Meet the software engineer who used crypto to buy his $650,000 dream home

Coinbase... they are crap and truly the PP on crypto wallets.

davidford

08-26-2021 10:33 AM

Re: Meet the software engineer who used crypto to buy his $650,000 dream home

I had coinbase from 2013 but didn't login there for year, recently tried to login and they asked to verify with id and utility bills. I provided them and they just banned the account. It's just same as Paypal.

rsot	08-27-2021 05:15 AM

Re: Meet the software engineer who used crypto to buy his $650,000 dream home

Quote:

Originally Posted by davidford (Post 1167882)

Hmm not great to let it sit idle without regular checks

james_112233

08-27-2021 07:49 AM

Re: Meet the software engineer who used crypto to buy his $650,000 dream home

I don't know what the fuss is with identifying yourself to Coinbase or any exchange.

They are holding all of your crypto investments, it's OK to let them know who are you are lol ... if anything it takes away a lot of the anxiety and stress of being locked out and you will probably invest more money.

davidford

08-27-2021 12:25 PM

Re: Meet the software engineer who used crypto to buy his $650,000 dream home

Quote:

Originally Posted by rsot (Post 1167968)

Hmm not great to let it sit idle without regular checks

Yes I understand but they do ban like this. Many people faces such issues with Coinbase. I use binance and kraken, never faced such issues till now.

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