Buying BTC---LONG TERM---PP/MB/PAYZA/AGC/WU/XOOM/MG/AP/MP/GW/SqC/DWOLLA/WIRE

Quote from: gadman2 on June 25, 2014, 11:14:16 PM
Here is where I'm at:
Code:
Coinbase Account Closure Notice
7 messages 

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Coinbase Support <support@coinbase.com> Wed, Jun 25, 2014 at 12:01 PM 
Reply-To: Coinbase Support <support@coinbase.com>
To: stephen.gadberry@gmail.com 
__________________________________
Type your response ABOVE THIS LINE to reply 
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Xolr
Subject: Coinbase Account Closure Notice 

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JUN 25, 2014  |  10:01AM PDT 
Mary replied:

Hi Stephen,

Upon review of your Coinbase account, we have determined that unfortunately, we can no longer provide you with access to Coinbase Services. Please understand that Coinbase is a regulated Money Service Business under the FinCEN division of the U.S. Treasury Department and as such, we are required to review accounts in order to ensure compliance with regulations and/or our terms of use. In your case, after careful consideration, we have determined that you have violated one or more of our Terms of Use.

Additionally, once our Terms have been violated we cannot reinstate an account.

Please note, that we have not blocked access to the bitcoin balance currently in your Coinbase account; while we can no longer process transactions of this bitcoin via our banking relationship, you may send this bitcoin to a local wallet or another bitcoin address.

We apologize that we had to take this action and we hope you understand.

Respectfully,
The Coinbase Team


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This message was sent to stephen.gadberry@gmail.com in reference to Case #: 363190. 
Follow this link to view the status of your case and add additional comments:
http://support.coinbase.com/customer/portal/private/cases/363190

*Important Note on Email Sent to Multiple Recipients
If you send or reply to a message with multiple recipients, any responses to the thread may show up as part of the case history, even if those exchanges aren't directed to you. In essence, the owner of the original message also owns all communication associated with that case, regardless of who the subsequent senders and recipients are. Our suggestion is to make sure that all recipients are aware of this, and that the sending of sensitive information is avoided.
 
 
 
[[edbeaaeafed9d57a040a59159a6f81ad1b000b18-255889520]] 
 

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Stephen Gadberry <stephen.gadberry@gmail.com> Wed, Jun 25, 2014 at 12:03 PM 
To: Coinbase Support <support@coinbase.com> 
Wait... What? Why did this happen? 

[Quoted text hidden] 
 

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Stephen Gadberry <stephen.gadberry@gmail.com> Wed, Jun 25, 2014 at 12:15 PM 
To: Coinbase Support <support@coinbase.com> 
Well. I read through the terms and yes it seems as if I violated several of them. Cheers to me for not reading through them. 

I two problems here. 

1. There were several orders made yesterday totaling over 800$. Are they still going to be processed to my bank account? I contacted support earlier about canceling them but they said once it is started it cannot be changed. Let's hope that's true. 

2. I had a pending deposit of about 0.178 btc coming to my account sometime today. Since you say the balance is still mine, will coinbase send me the 0.178 once it becomes available? I cannot login to see the balance if it's even available yet. 

On Jun 25, 2014 12:01 PM, "Coinbase Support" <support@coinbase.com> wrote:

[Quoted text hidden] 
 

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Coinbase Support <support@coinbase.com> Wed, Jun 25, 2014 at 12:17 PM 
Reply-To: Coinbase Support <support@coinbase.com>
To: stephen.gadberry@gmail.com 
__________________________________
Type your response ABOVE THIS LINE to reply 
--------------------------------------------------------------------------------

Xolr
Subject: Coinbase Account Closure Notice 

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JUN 25, 2014  |  10:17AM PDT 
Mary replied:

Stephen,

Your activities on the Coinbase platform require you to operate in a regulated manner. If you’d like to understand more, you can start with the following guidance from FinCEN:
http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

We suggest you seek legal counsel to better understand your obligations if you wish to conduct transactions involving bitcoin exchange.

Thank you,
Coinbase


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JUN 25, 2014  |  10:16AM PDT 
Xolr replied:
Well. I read through the terms and yes it seems as if I violated several of
them. Cheers to me for not reading through them.

I two problems here.

1. There were several orders made yesterday totaling over 800$. Are they
still going to be processed to my bank account? I contacted support earlier
about canceling them but they said once it is started it cannot be changed.
Let's hope that's true.

2. I had a pending deposit of about 0.178 btc coming to my account sometime
today. Since you say the balance is still mine, will coinbase send me the
0.178 once it becomes available? I cannot login to see the balance if it's
even available yet. 
--------------------------------------------------------------------------------
JUN 25, 2014  |  10:04AM PDT 
Xolr replied:
Wait... What? Why did this happen? 
--------------------------------------------------------------------------------
JUN 25, 2014  |  10:01AM PDT 
Mary replied:

Hi Stephen,

Upon review of your Coinbase account, we have determined that unfortunately, we can no longer provide you with access to Coinbase Services. Please understand that Coinbase is a regulated Money Service Business under the FinCEN division of the U.S. Treasury Department and as such, we are required to review accounts in order to ensure compliance with regulations and/or our terms of use. In your case, after careful consideration, we have determined that you have violated one or more of our Terms of Use.

Additionally, once our Terms have been violated we cannot reinstate an account.

Please note, that we have not blocked access to the bitcoin balance currently in your Coinbase account; while we can no longer process transactions of this bitcoin via our banking relationship, you may send this bitcoin to a local wallet or another bitcoin address.

We apologize that we had to take this action and we hope you understand.

Respectfully,
The Coinbase Team


--------------------------------------------------------------------------------

This message was sent to stephen.gadberry@gmail.com in reference to Case #: 363190. 
Follow this link to view the status of your case and add additional comments:
http://support.coinbase.com/customer/portal/private/cases/363190

*Important Note on Email Sent to Multiple Recipients
If you send or reply to a message with multiple recipients, any responses to the thread may show up as part of the case history, even if those exchanges aren't directed to you. In essence, the owner of the original message also owns all communication associated with that case, regardless of who the subsequent senders and recipients are. Our suggestion is to make sure that all recipients are aware of this, and that the sending of sensitive information is avoided.
 
 
 
[[edbeaaeafed9d57a040a59159a6f81ad1b000b18-255889520]] 
 

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Coinbase Support <support@coinbase.com> Wed, Jun 25, 2014 at 5:53 PM 
Reply-To: Coinbase Support <support@coinbase.com>
To: stephen.gadberry@gmail.com 
__________________________________
Type your response ABOVE THIS LINE to reply 
--------------------------------------------------------------------------------

Xolr
Subject: Coinbase Account Closure Notice 

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JUN 25, 2014  |  03:53PM PDT 
John replied:

Stephen- to answer your questions. The pending transactions from the bank will have been declined on our side so the funds will not hit your Coinbase acct. The bitcoin balance in your wallet can be sent to another wallet off of Coinbase. Do the the Regulatory issues we cannot allow you to sell the bitcoin and remove the proceed via your bank but you can still move it to a wallet of your choosing off of coinbase.

John

[Quoted text hidden] 
 
 
[[edbeaaeafed9d57a040a59159a6f81ad1b000b18-255889520]] 
 

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Stephen Gadberry <stephen.gadberry@gmail.com> Wed, Jun 25, 2014 at 6:06 PM 
To: Coinbase Support <support@coinbase.com> 
Well then the orders need to be converted back into btc into the account. The only problem is that I cannot access the account to send the btc out even if I wanted to. I never had the btc in my account. It was converted to cash and was supposed to go straight to my bank. Now that the money has not been converted and sent to my account, where is it and how do I access it? 

[Quoted text hidden] 
 

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Stephen Gadberry <stephen.gadberry@gmail.com> Wed, Jun 25, 2014 at 6:10 PM 
To: Coinbase Support <support@coinbase.com> 
All I ask is that the orders on the morning of the 25th for 1000$ be refunded to the respective btc addressed. 

[Quoted text hidden]
I am working to fix this and refund the one individual involved. My apologies.
Its really sad to see, you were really honest trader here.