Failed transactions?

Is this a generally common thing? Cause dam it happens to me alot. First it happened 2-3 times with coinbase. Then I tried B¥b!t and they froze my account and want all this personal information about my transaction?? I don't know what to do

Homoman69 said:

Is this a generally common thing? Cause dam it happens to me alot. First it happened 2-3 times with coinbase. Then I tried B¥b!t and they froze my account and want all this personal information about my transaction?? I don't know what to do

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how much money are you sending? i've been in crypto for a decade and have never had any accounts frozen besides Binance when they booted US customers like 6 years ago. that is definitely a bit strange without knowing the context.

Homoman69 said:

Is this a generally common thing? Cause dam it happens to me alot. First it happened 2-3 times with coinbase. Then I tried B¥b!t and they froze my account and want all this personal information about my transaction?? I don't know what to do

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Yeah the wallet you were sending to was probably flagged by coinbase, or coinbase is considering your activity suspicious. Thats why its always a good idea to send crypto to your own wallet like exodus or trust

xenxra said:

how much money are you sending? i've been in crypto for a decade and have never had any accounts frozen besides Binance when they booted US customers like 6 years ago. that is definitely a bit strange without knowing the context.

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Just little amounts. I'm starting to become a bit paranoid about it all. Bybit keep wanting more information eg tax returns etc. Do you think I should just cut my losses

Hankhill said:

Yeah the wallet you were sending to was probably flagged by coinbase, or coinbase is considering your activity suspicious. Thats why its always a good idea to send crypto to your own wallet like exodus or trust

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I've just been told about exodus and no problems now. Bybit are wanting a lot of personal information to unfreeze my account. Do you think I should proceed or cut my losses?

Homoman69 said:

Just little amounts. I'm starting to become a bit paranoid about it all. Bybit keep wanting more information eg tax returns etc. Do you think I should just cut my losses

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honestly if you're able to pass kyc and they're just small amounts i don't really see the issue but your definition of "small" may be a bit different than mine. most people around here are using funds that originate from a venue tied to their identity (cashapp, coinbase, kraken). technically research chemicals are not explicitly illegal and if you're ordering (other things) from around here, you're placing bets that these exchanges have outgoing vendor wallet addresses flagged and that's typically only reserved to large-scale hacks or d4rkn37 market h0t wallets plus it would also indicate that the vendor you're dealing with has poor security and their addresses are being leaked.

Small as in 100-200 bucks, that's small in my books. I thought it may also have something to do with the country it's being sent to? I'm a novice with this stuff and most likely wrong. If it's a flagged address. That would mean they're not gonna quit. No matter what I say, they're just gonna keep digging for more information. Think I'll cut my losses and move on

they will probably at some stage want to see screen shots of your external wallet to prove its yours, revolt want that off me

now when sending to an external wallet like electrum cake or whatever i usually get a new bitcoin address to send to, which may keep flagging the revolut system and asking for more info, i know u can also reuse bit coin addresses issued so maybe once an external wallet is verfied with revolut or where ever u buy your crypto it might be a good idea to reuse the one address instead of a new one every time?

Hankhill said:

Yeah the wallet you were sending to was probably flagged by coinbase, or coinbase is considering your activity suspicious. Thats why its always a good idea to send crypto to your own wallet like exodus or trust

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exodus for newbs. Don't use base.

Where do you buy BTC to send to exodus?

I'm having the same problem, I recently subscribed to a mag from a reliable v3ndor from this site, and now cex.io flagged the transaction as suspicious and is asking verification details, like screenshots and email info on the destination wallet, I don't want to cause anyone trouble but I also don't want to get reported to the IRS or something..... how do I respond? Now I know not to send directly from the exchange, but I have to deal with this issue (their request for info) somehow, thanks for any advice!

Sapele said:

they will probably at some stage want to see screen shots of your external wallet to prove its yours, revolt want that off me

now when sending to an external wallet like electrum cake or whatever i usually get a new bitcoin address to send to, which may keep flagging the revolut system and asking for more info, i know u can also reuse bit coin addresses issued so maybe once an external wallet is verfied with revolut or where ever u buy your crypto it might be a good idea to reuse the one address instead of a new one every time?

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The banking system, who like to know everything about you, doesn't trust the crypto system where there are degrees of anonymity and obscurity allowed. Banking is generally suspicious of crypto. So, to put the bankers at ease, it seems to make sense to use the same addy to send to your own wallet. If that's what you want or need to establish, that it is your own wallet. Can't see the advantage of changing it every time, in that case.

I’m a little surprised no one responded to my post, the btc exchange (cex.io) is still demanding details about a recent subscription I bought from a vndr here, asking for a screenshot of the order as well as information about the vendor (btc recipient, email, website, etc. I’m new here, and I was hoping someone else had experienced this and might have some advice. I don’t want to get anyone in trouble, I don’t know why they’re asking for all this.

I mean, PayPal never demands to see the details of my Amazon order if I use them to pay!

Daddy-Oh said:

I'm having the same problem, I recently subscribed to a mag from a reliable v3ndor from this site, and now cex.io flagged the transaction as suspicious and is asking verification details, like screenshots and email info on the destination wallet, I don't want to cause anyone trouble but I also don't want to get reported to the IRS or something..... how do I respond? Now I know not to send directly from the exchange, but I have to deal with this issue (their request for info) somehow, thanks for any advice!

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This is a public forum so even if anyone had all the answers they're unlikely to post it here. Have you done a search of it here or elsewhere?

Maybe take a more assertive position with CEX and question their interrogations? You could start by asking them what the problem is. You could tell them the info is private and now irrelevant anyway as the chance to purchase 'what' (got a hobby?) you wanted has passed, it's now been sold. You could also say you would like the transaction cancelled now as the opportunity to buy 'whatever - your hobby' has passed and you no longer need the BTC? They might not like what you have to say, might even ban you, but afaik they have to give you back your money one way or another - but don't quote me.

And see what happens. And get back to us here and tell us how it goes?

My current take on it is the banking system don't trust the crypto world, it's a dysfunctional relationship - they are direct competitors for capital = profits. The crypto world aren't going away but with the banking system in the ascendant, and the crypto world seeming almost desperate for legitimacy they tune their algorithms for extreme detection of transactions potentially hostile to their aims, to stave off criticism from the banks/competitors and enhance their chances of acceptance into the mainstream (eventually).

And their policies are designed to be opaque to the inexperienced user - which is most of us - to minimise these incidences of apparent 'abuse/risk'. So when something goes 'wrong' we're not told what it is so we don't know how to fix it (or avoid it in future) except by giving the xch what they demand - or by trial and error, moving on when necessary, and poring over pages and pages of fine print, etc. (It's another language to me.)

And why would they report you to the IRS, or something, for what? Are you being a little paranoid? You obviously can't give a vendors details and expose yourself at the same time - that would be (your own word here).

Sometimes the only fix is to learn what you can from the experience and if you have to walk away and start again somewhere else better informed. Until the next time ...

Let us know what you do and how it goes?

One of the advantages of being a sponsor here is people with more experience can DM you if you ask for help, and you can DM them. https://drugbuyersguide.info/threads/member-ranks-sponsor-ranks-donations.2146