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

BlackLion · #1 05-09-2021

"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 · #2 05-10-2021

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

james_112233 · #3 05-10-2021

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 · #4 05-12-2021

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

GreenBean · #5 05-17-2021

Quote:

Originally Posted by james_112233

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.

**SaiJin** · #6 05-17-2021

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

davidford · #7 08-26-2021

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 · #8 08-27-2021

Quote:

Originally Posted by davidford

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.

Hmm not great to let it sit idle without regular checks

james_112233 · #9 08-27-2021

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 · #10 08-27-2021

Quote:

Originally Posted by rsot

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.