Bitcoin exchange Coinswitch disables sending any bitcoins

#1

Post by coderkd10 » Sun, Oct 10, 2021, 4:41 PM UTC

Bitcoin exchange Coinswitch disables sending any bitcoins
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Re: Bitcoin exchange Coinswitch disables sending any bitcoins

#2

Post by coderkd10 » Sun, Oct 10, 2021, 4:41 PM UTC

Sequoia backed bitcoin exchange Coinswitch Kuber has disabled sending any bitcoins outside its network. You can "buy" bitcoins there, sell them there, but can't actually send the bitcoins to your hardware wallet, or any other address.

Re: Bitcoin exchange Coinswitch disables sending any bitcoins

#3

Post by rvz » Sun, Oct 10, 2021, 5:05 PM UTC

> Isn't BTC actually meant for digital p2p payments?

   yes.

Or that is what it is 'supposed' to be for.

> If you can't send your bitcoins to someone else, or pay for something using it; then what's the point?

Exactly. Which is why you should never put your coins on an exchange for long term storage.

Not your keys, definitely not your coins.

Re: Bitcoin exchange Coinswitch disables sending any bitcoins

#4

Post by anaganisk » Mon, Oct 11, 2021, 1:49 PM UTC

“Bitcoin is a decentralised form money, which is resistant to censorship” - Every crypto zealot ever. Lol. I’ve been saying this since forever, if there is money in it, walls will be built. Internet was decentralised to start with, today, its just some ISPs and corps controlling majority of the internet.